Is it profitable to do Airbnb in Norfolk, United States?

What is the occupancy rate of Airbnb in Norfolk, United States?

What is the average daily rate of Airbnb in Norfolk, United States?

United States

Norfolk, Airbnb Market Statistics & Data, United States

A typical short-term rental listing in Norfolk is booked for 270 nights a year, with a median occupancy rate of 74% and an average daily rate of $112. In 2023, a typical host income (annual revenue) was $28K. As of 12th September, 2024, there are 21 active Airbnb listings.

Average Revenue: $28K/yr
Occupancy Rate
74%
Avg Daily Rate
$112
Mid Scale
No. of Listings
30
Small
Regulation
Lenient
Best Month
March
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,438
Average
$2,213
High
$2,583



Is Airbnb Profitable in Norfolk?

Yes, there is good short-term rental demand. A 74% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.

Starting an Airbnb in Norfolk

Short-term rental regulation is lenient in Norfolk. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Norfolk
A typical listing recorded a 74% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 74%
21 Active Listings
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Explore Norfolk's Airbnb Data ⟶
market map image
Best Areas in Norfolk for Airbnb
Are you wondering where to invest in Norfolk? Look no further!
  1. Omaha Downtown
  2. Old Market
  3. Blackstone District
  4. Aksarben Village
  5. Benson
  6. Midtown Crossing
  7. Dundee
  8. Westroads Mall Area
  9. Crossroads Mall Area
  10. Village Pointe
Top demand Airbnb in Norfolk
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 21 listings.
listing_image
Entire home & 4 Bed
⭐5.0 (26)
The Prospector
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$164
Daily Rate
View Listing
listing_image
Entire home & 3 Bed
⭐5.0 (35)
3 bed by waterpark/fields/dntwn
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$164
Daily Rate
View Listing
listing_image
Entire home & 2 Bed
⭐5.0 (23)
Cozy home away from home
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$60
Daily Rate
View Listing
listing_image
Entire home & 3 Bed
⭐4.9 (25)
Cozy, comfortable house
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$78
Daily Rate
View Listing
listing_image
Entire home & 3 Bed
⭐4.8 (47)
Max's Getaway
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$82
Daily Rate
View Listing
listing_image
Entire home & 3 Bed
⭐4.7 (43)
Bus and Mick’s Place
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$80
Daily Rate
View Listing
See 21 listing Statistics
Other short-term rental market data in Norfolk
Here is a breakdown of short-let properties in Norfolk. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type


Cancelation Policy Type


By Channel Type
Accurate and Actionable Data At Your Fingertips!

See 21 listing Statistics