diff --git a/changelogs/fragments/65262_ansible_inventory.yml b/changelogs/fragments/65262_ansible_inventory.yml
new file mode 100644
index 00000000000..bc2dd6c57d3
--- /dev/null
+++ b/changelogs/fragments/65262_ansible_inventory.yml
@@ -0,0 +1,2 @@
+bugfixes:
+- Suppress warning when user directory used in --playbook-dir option with ansible-inventory command (https://github.com/ansible/ansible/issues/65262).
diff --git a/lib/ansible/plugins/loader.py b/lib/ansible/plugins/loader.py
index 49b85e57ace..755be2ffb8b 100644
--- a/lib/ansible/plugins/loader.py
+++ b/lib/ansible/plugins/loader.py
@@ -61,7 +61,7 @@ def get_all_plugin_loaders():
 
 def add_all_plugin_dirs(path):
     ''' add any existing plugin dirs in the path provided '''
-    b_path = to_bytes(path, errors='surrogate_or_strict')
+    b_path = os.path.expanduser(to_bytes(path, errors='surrogate_or_strict'))
     if os.path.isdir(b_path):
         for name, obj in get_all_plugin_loaders():
             if obj.subdir: