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Airbnb Investment All About Airbnb

Charlottesville Investment Properties: Best Areas for Airbnb

Narrow down prospective markets! Let this list of the best areas for Airbnb investment properties in Charlottesville guide you.

Charlottesville Investment Properties: Best Areas for Airbnb

Charlottesville Investment Properties: Best Areas for Airbnb

Narrow down prospective markets! Let this list of the best areas for Airbnb investment properties in Charlottesville guide you.

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%.

Charlottesville Investment Properties

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.

Charlottesville Investment Properties

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!

airbtics-logo-300x87
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!

best area for airbnb in washington dc

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.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Airbnb Rules All About Airbnb

Airbnb Rules in Charlottesville

Learn about the Airbnb restrictions & rules in Charlottesville, VA. Check out the occupancy rates, annual revenue and more in Charlottesville

Airbnb Rules in Charlottesville

Airbnb Rules in Charlottesville

Learn about the Airbnb restrictions & rules in Charlottesville, VA. Check out the occupancy rates, annual revenue and more in Charlottesville

Are you looking to invest in an Airbnb property in Virginia? If you are targetting Charlottesville in particular, then you’re on the right track.

There are various cities with high occupancy rates which gives assurance to property investors that their target area is profitable in the long run. Relatively, Charlottesville is one of the recommended cities to invest in as the tourism levels continue to rise this 2022.

Continue reading to learn more about Airbnb rules in Charlottesville and check out the profitability in this city.

Is Airbnb legal in Charlottesville? 

Let’s spill the beans: Yes, Airbnb is certainly legal in Charlottesville. The tourism revenue of Charlottesville has made over $277million over the past 4 years. The tourist attractions include the Monticello, Downtown Mall, Trump Winery, and more.

Here is a little proof! As of July 2022, there are 6,345 nights available in Charlottesville from Airbnb alone. Guesthouses manages 21 listings, while Stay Charlottesville and Miranda operate 19 and 13 respectively.

How much can I make by running an Airbnb in Charlottesville?

Currently, there are 359 Airbnb listings in Charlottesville, with 83% of entire houses earning up to $3,922 a month. The Average Occupancy Rate in Charlottesville is 77% and the average daily rate is $158. According to short-term rental market analytics source Airbtics, a 2-bedroom apartment in Charlottesville can make up to $55,911 each year. Check out our Airbnb Income Estimator!

Charlottesville airbnb rules
What Are The Short-term Rental Accommodation Policies in Charlottesville?
  • Every person engaging in the business of short-term rental of tangible personal property shall file annually an application for a certificate of registration with the commissioner of revenue.
  • The certificate issued is not assignable and shall be valid only for the person in whose name it is issued and the place of business designated.
  • Continuous rentals that last 30 days or longer are exempt from transient occupancy tax. For those who are claiming exempt rentals, documentation including a copy of the short-term lease or the recap spreadsheet from the online rental platform (AirBnB, VRBO, etc…) is required.
Airbnb data

Is Charlottesville A Profitable Area to Invest In?

By using an accurate short-term rental calculator, you’ll be able to confirm if Charlottesville is a good place for investment! In the digital era, it’s easy to discover your estimated annual revenue and high-return investment opportunities in Charlottesville.

Airbnb metrics are important in order to expect potential revenue and avoid losing hard-earned money. Before starting an Airbnb business, getting to know your preferred area’s occupancy rates, average daily rates, and annual revenue is important to achieve success.

Charlottesville airbnb rules

Source: Airbtics Dashboard

Charlottesville Rental Market 2022

Based on a recent report on the cities & towns of Charlottesville, the typical home value has up by 19.8%, similar to the median rent which increased by 2.3%.

Source: Home Values in Charlottesville

Profitable Neighborhoods in Charlottesville

Here are some of the most recommended neighborhoods that you can look into & consider purchasing based on Airbtics estimator:

Suburbs Average House Price (2bd apartments) Average Rent Price Average Airbnb Revenue
Belmont $799,000 (1,342 sqft) $1,673 $4,185
North Downtown $770,000 (1,240 sqft) $2,200 $5,573
Fifeville $400,000 (2,172 sqft) $1,700 $3,851

Source for Property Price: Properties in Charlottesville

Conclusion 

In general, considering the Airbnb rules & regulations in Charlottesville will help your Airbnb business to run smoothly! Aside from the fact that this is a passive income for various hosts, starting an Airbnb business is also a way to enjoy life and connect with new people from all over the world. Try Airbtics now and make the wisest investment decisions!

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Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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