Mid-Term Rental Market Analytics & Investment Insights
Annual Revenue
$22,000
Based on 994 full time Airbnb rentals
Average Monthly Rate
$2000
Gross Yield
5.62%
#46 in the USProperty Tax Rate
1%
Homes in Virginia Beach have appreciated by 6.30%, with the median home value standing at $402140, according to Zillow.
There are currently 994 active mid-term rentals in Virginia Beach. The average monthly rate for these rentals is $2000. This translates to an annual revenue of $28600 for mid-term rentals.
Virginia Beach is an investor-friendly location with mid-term rental regulations favorable to those looking to invest in mid-term rentals.
Average Monthly Rate Trend
$2000
Active Mid-Term Rentals
994
The average gross yield for mid-term rentals in Virginia Beach is 5.62%. However, potential investors should also consider the average property tax, which stands at 0.89% according to SmartAsset.
The median household income in Virginia Beach is $58,231.
The unemployment rate in Virginia Beach is 2.8%, which is lower than the national average of 3.9%.
The most popular property types in Virginia Beach are 2-bedroom units, with an monthyl rents of $2000 and an annual revenue of $22000.
Let our agents guide you to the best mid-term rental investments in Virginia Beach, VA
