Narrow down prospective markets! Let this list of the best areas for Airbnb investment properties in Charlottesville guide you.
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Narrow down prospective markets! Let this list of the best areas for Airbnb investment properties in Charlottesville guide you.
- Last updated on
- August 9, 2023
Key Takeaways
- Charlottesville is a chic town that is popular for its world-renowned universities like the University of Virginia. It has been a haven for property investors who cater to student accommodations as well.
- Don’t be swayed by your gut feeling. Use short-term rental data analytics as you look for profitable Airbnb investment properties in Charlottesville. Learn how much you can earn from each Airbnb neighborhood before making a big financial decision.
Introduction:
They say in matters of love, you should follow your heart. While this may not cover real estate investments, the good news is success in the game is within reach because it can be learned with ease. To prove a point, Charlottesville is home to the renowned University of Virginia. But fortunately, you do not have to earn a degree from this institution to kick-start your property investment.
Read this blog to know about the tools that you can use like Cupid’s arrow to hit your real estate investment goals in Virginia, the Lovers State, particularly in Charlottesville.
How do I start looking for profitable Charlottesville Investment Properties?
Choosing an investment property should be easy as long as you have the necessary data to back up your decision. Businesses often fail when owners act without caution. And when Airbnb investors rely on a powerful short-term rental analytics platform like Airbtics, they are sure to find profitable Charlottesville investment properties. In the succeeding part of this article, we’ll show you how you can harness data analytics to lead you to the best Airbnb neighborhoods in Charlottesville.
Is Charlottesville a good place for Airbnb?
Yes! Based on data from Airbtics Insights Tool, there are currently 151 listings in Charlottesville. An Airbnb host operating a 2-bedroom unit can expect to earn $46,116 annually with an occupancy rate of 63%.
Best Airbnb Neighborhoods for Charlottesville Investment Properties
Let rental analytics lead you to a profitable Airbnb investment property in Charlottesville! Luckily for you, Airbtics’ Insights Tool is so easy to use. Simply type in “Charlottesville” or any other city of your choice.
As you zoom in or drag the map, the data on the Airbtics Dashboard is also updated! You cannot find anything like this anywhere else!
Using this research method, you can find that the following neighborhoods are best for Airbnb investment in Charlottesville. Optimize your earnings by going for the best number of bedrooms!
|
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|---|---|---|---|---|---|
| Location | Number of Airbnb Listings | Best Number of Bedrooms | Airbnb Annual Revenue | Median Property Price | GRY |
| Belmont | 31 | 1 Bedroom | $89,914 | $525,000 | 17.13% |
| Locust Grove | 13 | 2 Bedrooms | $63,238 | $375,000 | 16.86% |
| North Downtown | 24 | 2 Bedrooms | $60,804 | $389,900 | 15.59% |
| The Meadows - Greenbrier- Barracks Rugby | 24 | 1 Bedroom | $23,116 | $145,000 | 15.94% |
Airbnb Location
Airbnb Dataset
- Total Number of Airbnb Listings: 31
- Most Profitable Number of Bedrooms: 1 Bedroom
- Airbnb Annual Revenue Potential: $89,914
- Median Property Price: $525,000
- Gross Rental Yield: 17.13%
- Total Number of Airbnb Listings: 13
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Airbnb Annual Revenue Potential: $63,238
- Median Property Price: $375,000
- Gross Rental Yield: 16.86%
- Total Number of Airbnb Listings: 24
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Airbnb Annual Revenue Potential: $60,804
- Median Property Price: $389,900
- Gross Rental Yield: 15.59%
- Total Number of Airbnb Listings: 25
- Most Profitable Number of Bedrooms: 1 Bedroom
- Airbnb Annual Revenue Potential: $23,116
- Median Property Price: $145,000
- Gross Rental Yield: 15.94%
Source: Airbtics Dashboard
Maximize the Insights tool by creating your own Custom Market. You can opt to follow geographical boundaries or not, but this tool allows you to save your market for easy monitoring!
Data Analytics for Charlottesville Investment Properties
Reaching success in the short-term rental business in Charlottesville is easy once investors are led by data analytics. The simple-to-use Airbtics Dashboard has provided specific markets that investors can choose from. See the important investment figures to get you closer to your financial goals.
If you plan to invest or already have a short-term rental property, see for yourself how you can maximize your profits by checking out our free Airbnb Calculator.
Short-Term Rental Data
Short-Term Rental Data
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