Performance indicators for the Virginia Beach short-term rental market based on reliable data.
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The highest-performing listings in Virginia Beach.
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Challenging to Investors
Virginia Beach allows STRs only in limited zones (Sandbridge by right, Oceanfront Overlay with CUP) and elsewhere STRs are prohibited, so location risk is high; while permitting is a known process, the $500 annual fee, required CUP in the Overlay, inspections, insurance, and parking plan add cost/complexity that can deter investment.
Local STR Agent
STR specialist · Virginia Beach, VA
Virginia Beach, VA, is a coastal city located in the southeastern region of Virginia, USA. With a population of approximately 450,000 residents, it is the most populous city in the state. Virginia Beach is situated about 18 miles east of Norfolk, VA, which is the closest major city. The area is renowned for its Atlantic Ocean beaches and the unique confluence of the Chesapeake Bay.
Tourists are attracted to Virginia Beach for its array of short-term rental options, providing convenient access to numerous local attractions. The city is famous for the Virginia Beach Boardwalk, a 3-mile oceanfront promenade lined with hotels, restaurants, and entertainment options (source). Another significant landmark is the Virginia Aquarium & Marine Science Center, where visitors can explore over 800,000 gallons of aquariums and live animal habitats (source).
The city is also home to First Landing State Park, which offers historical significance as the site where English colonists first landed in 1607 (source). For nature enthusiasts, the Back Bay National Wildlife Refuge allows for bird-watching and trails through protected Coastline dunes (source).
With easy access to major landmarks, sandy beaches, and recreational activities, Virginia Beach is an attractive destination for short-term rentals, appealing to tourists looking for a versatile and enjoyable vacation spot.