Population Size

Virginia Beach has a population of over 450,000 people, making it the largest city in Virginia and the 44th largest city in the United States.

Sports Teams

Virginia Beach is home to the Virginia Beach Sportsplex, which hosts a variety of sporting events throughout the year. The city does not have any professional sports teams.

Colleges

Virginia Beach is home to several colleges, including Regent University, Tidewater Community College, and Atlantic University.

Crime Rate

The crime rate in Virginia Beach is lower than the national average, with a crime rate of 18.02 per 1,000 residents.

Visitor Demographics

According to the Virginia Beach Convention and Visitors Bureau, visitors to Virginia Beach come from all over the world, with the majority coming from within the United States.

Total Number of Visitors: In 2019, Virginia Beach welcomed over 19 million visitors, making it one of the most popular tourist destinations on the East Coast.

Tourist Attractions & Peak Season

Some of the biggest tourist attractions in Virginia Beach include the Virginia Aquarium & Marine Science Center, the Military Aviation Museum, and the Ocean Breeze Waterpark.

The peak season in Virginia Beach is during the summer months, from June to August when the weather is warm and the beaches are crowded with visitors.

Conclusion

In conclusion, the short-term rental market in Virginia Beach is thriving, with high demand and attractive returns for property owners. The investor-friendly short-term rental regulations in Virginia Beach have made it easier for investors to enter the market and generate revenue from their properties.

While property values are appreciating in Virginia Beach, property owners must also consider the cost of property taxes when evaluating the profitability of short-term rentals. However, the overall outlook for the short-term rental market in Virginia Beach is positive, with continued growth expected in the coming years.