Mills River, NC

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Mills River short-term rental market based on reliable data.

Listings

54 / 105

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$30,444

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$525,466

Median Home Sale Price

Top Earners

$68,677

Top-Earners Revenue

Mills River

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mills River.

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B

Generally Investor friendly

Mills River Regulations

Mills River permits STRs under state law with a low‑regulation posture—no explicit local licensing in sources—while still requiring zoning verification, health/safety standards, and Henderson County occupancy tax registration/remittance. Compliance is straightforward and low cost, but investors must confirm any town registration and zoning before listing.

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About Mills River

Mills River is a town in Henderson County, North Carolina, United States. The population was 6,802 at the 2010 census, and was estimated to be 7,406 in 2019. The town took its name from the nearby confluence of the Mills River and French Broad River. It is part of the Asheville Metropolitan Statistical Area. It was incorporated into a town in June 2003. Sierra Nevada opened a brewery in Mills River in 2014.

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