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Virginia Beach, VA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,021
Monthly Cash Flow
-$443
Principal + Equity
$1,965
Annual Total Gain
$18,258
Cash on Cash
-5.14%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$305
Occupancy Rate
66.67%
Monthly Revenue
$4,104
Monthly Cash Flow
$1,024
Principal + Equity
$1,965
Annual Total Gain
$35,863
Cash on Cash %
11.89%
Net ROI %
Market Health & Growth
Median Income
$90,685
Population
457,066
LTR Renter %
35.08%
Forecast (1 yr)
1.81%
Appreciation (1 yr)
1.75%
Appreciation (5 yr)
36.89%
Appreciation (10 yr)
59.52%
Job Growth
-0.55%
LTR Rentability
Low
STR Demand
64
STR Rentals
2,376
Top Public Schools
AOcean Lakes High School
A-Princess Anne High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#35out of 229 markets
Best Cities to Raise a Family in America
#19out of 229 markets
Cities with the Best Public Schools in America
#18out of 229 markets
A-
Public School
C
Crime And Safety
B-
Housing
A-
Nightlife
A-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Virginia Beach, VA.
In Virginia Beach, VA, Short Term Rentals (STRs) are regulated by the city's zoning ordinances. Investors should be aware of the following regulations before purchasing a property for STR purposes:
1. Zoning Restrictions: Virginia Beach has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Registration and Licensing: STR operators in Virginia Beach are required to register their property with the city and obtain a business license. Investors should familiarize themselves with the registration process and any associated fees.
3. Occupancy Limits: Virginia Beach has occupancy limits for STRs, which vary depending on the size of the property. Investors should ensure that the property they are considering purchasing complies with these occupancy limits.
4. Noise and Nuisance Regulations: Virginia Beach has noise and nuisance regulations that STR operators must adhere to. Investors should be aware of these regulations and ensure that the property they are considering purchasing is in compliance.
5. Taxes: STR operators in Virginia Beach are required to collect and remit lodging taxes. Investors should be aware of the tax obligations associated with operating an STR in the city.
6. Homeowner's Association (HOA) Restrictions: If the property is located in a neighborhood with a homeowner's association, investors should review the HOA's rules and regulations regarding STRs. Some HOAs may have restrictions or prohibitions on short term rentals.
7. Insurance Requirements: Investors should consider obtaining specialized insurance coverage for their STR property, as standard homeowner's insurance policies may not provide adequate coverage for short term rental activities.
By being aware of and complying with these regulations, investors can ensure a smooth and successful experience when purchasing a property for Short Term Rental in Virginia Beach, VA.
Market Trends Over Time
Explore 25 years of market data for Virginia Beach, VA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Virginia Beach, VA.
The LTR Genie Score of Virginia Beach, VA is 56 and STR Genie Score is 79, indicating a moderate score for long-term rental and a high score for short-term rental. The low LTR Rentability and modest LTR Rent Growth Rate contribute to the lower LTR Genie Score, while the strong STR Net ROI and high STR Occupancy drive the higher STR Genie Score. The 1-Year Price Appreciation Forecast of 1.81% suggests a stable market with potential for growth.
Virginia Beach, VA is a popular tourist destination known for its beaches, boardwalk, and vibrant nightlife. The city attracts visitors year-round, making it a promising market for short-term rental investments. Additionally, the steady rental growth rate and net ROI for long-term rentals indicate potential for stable returns in the long run.
Overall, Virginia Beach, VA appears to be an attractive market for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize their returns in this dynamic market.
LTR Genie Score 93
$250,000
🛏 4 Beds🛁 2.0000 Baths🏙 2,000 sqft.🏠 SINGLE FAMILY