Last updated on May 16th, 2023
best cities to Airbnb near Charlottesville
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 and nearby cities.
- Learn how much you can earn from each Airbnb market in Charlottesville and neighboring areas 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.Â
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.
best cities to Airbnbb near Charlottesville
How do I start looking for an investment property?
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. Â
Airbtics can also show them viable investment properties in Virginia as well as other neighboring states. This only widens their horizon and leads them to their perfect Airbnb market.Â
Is Virginia a good place for Airbnb?
Yes! Based on data from Airbtics Insights Tool, there are currently 458 listings in and around Charlottesville. Using the city as an Airbnb market in Virginia, the annual revenue that you can expect to gain from a Charlottesville property is $50,208 with an occupancy rate of 74%.Â
best cities to Airbnbb near Charlottesville
best cities to Airbnbb near Charlottesville
20 Best Cities to Airbnb near Charlottesville VA
Here is the list pulled out of Airbtics Discovery Tool showing the best Airbnb cities to invest in with key metrics to help you narrow down your choice:Â
1. Charlottesville
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $295,388
- Airbnb annual revenue: $61,998
- Gross rental yield: 20.99%
2. Lynchburg
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $148,628
- Airbnb annual revenue: $22,979
- Gross rental yield: 15.46%
- Distance from Charlottesville: 58 miles
3. Richmond
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $79,176
- Airbnb annual revenue: $46,740
- Gross rental yield: 18.3%
- Distance from Charlottesville: 65 miles
4. Alexandria
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $65,751
- Airbnb annual revenue: $45,625
- Gross rental yield: 16.4%
- Distance from Charlottesville: 93 miles
5. Baltimore
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $192,977
- Airbnb annual revenue: $52,518
- Gross rental yield: 27.21%
- Distance from Charlottesville: 134 miles
6. Virginia Beach
- Best bedroom size: 5 bedrooms
- Median property price (5 bedrooms): $390,546
- Airbnb annual revenue: $124,675
- Gross rental yield: 31.92%
- Distance from Charlottesville: 139 miles
7. Durham
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $448,365
- Airbnb annual revenue: $48,962
- Gross rental yield: 13.08%
- Distance from Charlottesville: 143 miles
8. Norfolk
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $170,362
- Airbnb annual revenue: $41,464
- Gross rental yield: 20.39%
- Distance from Charlottesville: 144 miles
9. Raleigh
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $389,982
- Airbnb annual revenue: $53,237
- Gross rental yield: 13.65%
- Distance from Charlottesville: 152 miles
10. Greensboro
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $148,376
- Airbnb annual revenue: $34,122
- Gross rental yield: 23%
- Distance from Charlottesville: 153 miles
11. Virginia Beach
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $324,112
- Airbnb annual revenue:Â $83,003
- Gross rental yield: 25.61%
- Distance from Charlottesville: 160 miles
12. Winston-Salem
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $139,128
- Airbnb annual revenue: $36,854
- Gross rental yield: 26.49%
- Distance from Charlottesville: 170 miles
13. Chincoteague
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $324,802
- Airbnb annual revenue: $56,555
- Gross rental yield: 17.41%
- Distance from Charlottesville: 170 miles
14. Pittsburgh
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $174,912
- Airbnb annual revenue: $39,435
- Gross rental yield: 22.55%
- Distance from Charlottesville: 185 miles
15. Fayetteville
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $296,655
- Airbnb annual revenue: $27,528
- Gross rental yield: 16.33%
- Distance from Charlottesville: 205 miles
16. Kill Devil Hills
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $469,936
- Airbnb annual revenue: $87,051
- Gross rental yield: 18.52%
- Distance from Charlottesville: 208 miles
17. Philadelphia
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $295,378
- Airbnb annual revenue: $68,910
- Gross rental yield: 23.33%
- Distance from Charlottesville: 222 miles
18. Beech Mountain
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $249,813
- Airbnb annual revenue: $40,298
- Gross rental yield: 16.13%
- Distance from Charlottesville: 226 miles
19. Charlotte
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $564,525
- Airbnb annual revenue: $72,076
- Gross rental yield: 14.77%
- Distance from Charlottesville: 234 miles
20. Atlantic City
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $164,034
- Airbnb annual revenue: $50,498
- Gross rental yield: 30.79%
- Distance from Charlottesville: 236 miles
Conclusion
Reaching success in the short-term rental business in Charlottesville and nearby cities is easy once investors are led by data analytics. The simple-to-use Airbtics Discovery Tool has provided specific markets that investors can choose from depending on their preferred property size and price. Important investment figures like annual revenue and gross rental yield are also provided to help investors get closer to their financial goals.Â
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.
Ramon Meris is a content writer for Airbtics. Guided by data analytics, he produces articles on various US short-term rental markets. Outside work, he is a reader, animal lover, and foreign language learner.
