Is Airbnb profitable in Norfolk, VA?
Yes — operating a short-term rental in Norfolk, VA can be highly profitable. Norfolk, VA Airbnb listings sees consistent guest demand, with Airbnb hosts earning an average annual revenue of $34,081 and achieving a 62% occupancy rate. With around 699 active vacation rentals on the market, Norfolk, VA offers strong opportunity for investors while still avoiding the oversaturation seen in some larger U.S. cities.
How much have home values changed YoY in Norfolk, VA?
According to Zillow's Home Value Index Methodology, homes in Norfolk, VA have appreciated by 0.80% over the last year.
What is the median home value in Norfolk, VA?
As of August 2025, the Zillow Home Value Index shows a typical home value of $304,939 in Norfolk, VA.
How many short-term rentals are active in Norfolk, VA?
There are 699 active short-term rentals, with an average daily rate of $257, resulting in an approximate annual revenue of $34,081 per property.
When is the highest demand for Airbnb in Norfolk, VA?
From the occupancy rate standpoint and demand data, April, March, and November are the top performing months in Norfolk. The occupancy rate in April is 75% and average daily rate is $295. The occupancy rate in March is 73% and average daily rate is $277. The occupancy rate in November is 72% and average daily rate is $248.
Is Norfolk, VA investor-friendly for short-term rentals?
Norfolk, VA is considered Investor-Friendly for short-term investments. See Norfolk, VA Rental Regulations for more information.
