Airbnb Rules and Regulations in Virginia Beach, Virginia

As of 2024, Virginia Beach implements a set of regulations for short-term rentals. Properties located in the Sandbridge Special Service District can operate as short-term rentals by obtaining an annual zoning permit and meeting all requirements. However, those in the Oceanfront Resort District must first secure a conditional use permit before applying for the yearly zoning permit. All short-term rentals are subject to occupancy limits, parking requirements, liability insurance minimums, and other stipulations outlined in the city's ordinances.

Owners must post signage identifying the property as a short-term rental and provide contact information to address concerns. The regulations aim to balance the rights of property owners with the need to preserve neighborhood character and quality of life for residents. While some state legislation has sought to limit local control over short-term rentals, Virginia Beach's existing ordinances remain in effect. Failure to comply with the city's rules can result in fines and revocation of permits.

Virginia Beach Airbnb Market Data:

• Average Revenue – $34.7K per year
• Average Daily Rate – $217.6 per night
• Average Occupancy Rate – 56%
• Average RevPAR – $122.5
• Average Home Prices – $391,244

1. Top Place to Invest in Virginia Beach, Virginia - Seatack

Nestled in the heart of Virginia Beach, Seatack is a vibrant community that offers a perfect blend of coastal charm and urban convenience. This historic neighborhood has undergone a remarkable transformation in recent years, making it an attractive location for investors looking to create their own Airbnb business.

Seatack Airbnb Market Data:

• Average Revenue – $36.4K per year
• Average Daily Rate – $229.8 per night
• Average Occupancy Rate – 55%
• Average RevPAR – $127

Convenience - 8/10

Seatack boasts an unbeatable location, with easy access to major highways, public transportation, and a plethora of amenities. Everything you need, from grocery stores to restaurants, is just a short drive or walk away. The neighborhood's well-maintained streets and sidewalks make it a breeze to navigate, whether you're commuting to work or running errands.

Tourist Attractions - 7/10

While Seatack itself may not be a primary tourist destination, its proximity to the Virginia Beach Oceanfront and other popular attractions makes it an ideal base for visitors. The neighborhood's laid-back atmosphere and local flavor contrast the bustling boardwalk, allowing tourists to experience a more authentic side of Virginia Beach.

Things to Do - 7/10

Seatack offers a diverse range of activities for residents and visitors to enjoy. The neighborhood is home to several parks, including the recently renovated Seatack Park, which features a playground, basketball courts, and a picnic area. The nearby Virginia Beach Farmers Market is a local favorite, offering fresh produce, handmade crafts, and live entertainment.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Seatack is $325,000, which represents a modest 2.5% appreciation over the past year. While this may not be the most affordable neighborhood in Virginia Beach, it still offers good value for investors looking to enter the market. The area's strong rental demand and potential for long-term appreciation make it an attractive option for those willing to invest in property upgrades and renovations.

Proximity to Work-Related Travel - 8/10

Seatack's central location makes it an ideal spot for those who frequently travel for work. The neighborhood is just a 15-minute drive from the Virginia Beach Convention Center, making it a convenient choice for business travelers. Additionally, the nearby Sentara Virginia Beach General Hospital and the Virginia Beach Sports Center are major employers in the area, providing a steady stream of potential renters.

X-Factor - 9/10

What sets Seatack apart from other neighborhoods in Virginia Beach is its strong sense of community and rich cultural heritage. The area is known for its tight-knit community, where neighbors look out for one another and regularly come together for events and celebrations. The neighborhood's annual Seatack Community Day is a prime example of this, featuring live music, food vendors, and family-friendly activities. This unique blend of community spirit and coastal charm makes Seatack a truly special place to live and invest in.

2. Top Place to Invest in Virginia Beach, Virginia - Princess Anne Plaza

Princess Anne Plaza, a vibrant neighborhood in the heart of Virginia Beach, offers a perfect blend of suburban charm and urban convenience. With its prime location, diverse amenities, and ongoing revitalization efforts, this area has become increasingly attractive to both residents and investors seeking a promising real estate opportunity.

Princess Anne Plaza Airbnb Market Data:

• Average Revenue – $35K per year
• Average Daily Rate – $165.9 per night
• Average Occupancy Rate – 74%
• Average RevPAR – $113.2

Convenience - 8/10

Situated just minutes from the bustling Virginia Beach Boardwalk and the city's central business district, Princess Anne Plaza boasts an unbeatable location. The neighborhood's well-maintained streets and sidewalks provide easy access to a wide array of shops, restaurants, and services, making daily errands a breeze. The proximity to major highways and public transportation further enhances the area's convenience.

Tourist Attractions - 6/10

While Princess Anne Plaza itself may not be a primary tourist destination, its strategic location puts visitors within reach of Virginia Beach's top attractions. The nearby Virginia Aquarium & Marine Science Center and the iconic Neptune Statue on the Boardwalk are just a short drive away. However, the neighborhood's limited on-site tourist offerings may not appeal to all investors.

Things to Do - 7/10

Princess Anne Plaza offers a diverse range of activities for residents and visitors alike. The area is home to several parks, including the recently renovated Princess Anne Park, which features walking trails, playgrounds, and picnic areas. The Princess Anne Area Library hosts various events and programs for all ages, fostering a sense of community. Additionally, the neighborhood's proximity to the Oceanfront and Town Center districts opens up a world of entertainment options.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Princess Anne Plaza is $350,000, representing a modest 3% appreciation over the past year. While this may not be the most affordable neighborhood in Virginia Beach, it still offers a good value for investors, considering the area's growth potential and ongoing revitalization efforts. The diverse housing options, ranging from single-family homes to townhouses and apartments, cater to various investment strategies.

Proximity to Work-Related Travel - 8/10

Princess Anne Plaza's central location makes it an ideal base for professionals and business travelers. The neighborhood is just a 15-minute drive from the Virginia Beach Convention Center and the Norfolk International Airport. Several major employers, including Sentara Princess Anne Hospital and the Naval Air Station Oceana, are within easy reach. This proximity to key work-related destinations makes it a great location for a corporate rental since it has an enhanced appeal to potential visitors on business trips.

X-Factor - 8/10

What sets Princess Anne Plaza apart is its strong sense of community and ongoing transformation. The neighborhood has undergone significant revitalization efforts in recent years, with improvements to infrastructure, drainage systems, and public spaces. These investments and the area's diverse population and thriving small business scene create a unique and desirable living environment. As the neighborhood continues to evolve, investors can capitalize on its growing potential.

3. Top Place to Invest in Virginia Beach, Virginia - Sandbridge

Nestled along the pristine coastline of Virginia Beach, Sandbridge offers a tranquil escape from the bustling city life. This secluded community boasts miles of unspoiled beaches, stunning natural beauty, and a laid-back atmosphere that attracts visitors and investors alike.

Sandbridge Airbnb Market Data:

• Average Revenue – $34.4K per year
• Average Daily Rate – $221.3 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $132.3

Convenience - 6/10

While Sandbridge's remote location provides a peaceful getaway, it may not be the most convenient for those seeking quick access to urban amenities. The nearest grocery store, Sandbridge Seaside Market, is the only one in the immediate area. However, the neighborhood's proximity to major highways allows for easy travel to Virginia Beach's central business district and other attractions.

Tourist Attractions - 8/10

Sandbridge's main draw is its breathtaking beaches, which offer ample opportunities for swimming, surfing, and sunbathing. Visitors can also explore the nearby Back Bay National Wildlife Refuge and False Cape State Park, both home to diverse ecosystems and outdoor activities such as hiking, kayaking, and fishing. While the area may lack the variety of attractions found in the main resort area of Virginia Beach, its natural beauty and serenity are unmatched.

Things to Do - 7/10

In addition to beach activities and nature exploration, Sandbridge offers a range of leisure pursuits. The Little Island Park features amenities like tennis courts, a playground, and a fishing pier. Visitors can also enjoy stand-up paddleboarding, bike rentals, and even mermaid-themed art classes at the Mermaid Factory. Though the options may be more limited compared to the main resort area, Sandbridge's laid-back vibe is perfect for those seeking a more relaxed vacation experience.

Average Home Prices - 7/10

According to Zillow data for 2024, the typical home value in Sandbridge is $1,007,619, representing a 9.4% appreciation over the past year. While this may be higher than the median home price in Virginia Beach as a whole, Sandbridge's unique location and charm justify the premium for many investors. The area offers a mix of single-family homes and condominiums, catering to various investment strategies.

Proximity to Work-Related Travel - 5/10

Sandbridge's secluded location may not be ideal for those who frequently travel for work. The nearest major employers, such as the Virginia Beach Convention Center and the Norfolk International Airport, are approximately a 30-45 minute drive away. However, for investors primarily focused on vacation rentals, this may not be a significant concern.

X-Factor - 9/10

What sets Sandbridge apart is its unparalleled natural beauty and serene atmosphere. The community's commitment to preserving its unspoiled beaches and wildlife habitats is evident in the careful development and conservation efforts. Sandbridge's secluded location and laid-back lifestyle offer a unique and desirable escape for visitors seeking a more authentic coastal experience. For investors looking to start their own short-term rental and capitalize on the growing demand for peaceful, nature-oriented getaways, Sandbridge is an excellent choice.

4. Top Place to Invest in Virginia Beach, Virginia - Thoroughgood

Thoroughgood, a charming neighborhood in the heart of Virginia Beach, has emerged as a hidden gem for real estate investors. With its prime location, picturesque streets, and a strong sense of community, this area offers a unique blend of suburban tranquility and urban convenience. Adding an instagrammble rental would be the perfect move to attract vacationers.

Thoroughgood Airbnb Market Data:

• Average Revenue – $37.5K per year
• Average Daily Rate – $185.5 per night
• Average Occupancy Rate – 65%
• Average RevPAR – $133.8

Convenience - 8/10

Situated just minutes from the Virginia Beach Oceanfront and major highways, Thoroughgood boasts an unbeatable location. Residents enjoy easy access to a wide array of amenities, including top-rated schools, grocery stores, and shopping centers. The neighborhood's well-maintained streets and sidewalks make it a breeze to navigate, whether you're commuting to work or running errands.

Tourist Attractions - 6/10

While Thoroughgood itself may not be a primary tourist destination, its proximity to Virginia Beach's main attractions makes it an attractive base for visitors. The famous Virginia Beach Boardwalk, with its lively atmosphere and endless entertainment options, is just a short drive away. However, the neighborhood's limited on-site tourist offerings may not appeal to all investors.

Things to Do - 7/10

Thoroughgood offers a variety of activities for residents and visitors to enjoy. The neighborhood is home to several parks, including the sprawling Thoroughgood Park, which features walking trails, playgrounds, and picnic areas. The nearby Thoroughgood Golf Course provides a scenic backdrop for a round of golf or a leisurely stroll. Additionally, the area's proximity to the Chesapeake Bay and local marinas opens up opportunities for water-based activities.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Thoroughgood is $475,000, representing a modest 3.5% appreciation over the past year. While this may be higher than the median home price in Virginia Beach as a whole, Thoroughgood's desirable location and strong community appeal justify the premium for many investors. The neighborhood offers a mix of single-family homes, duplexes, townhouses, and condominiums, catering to various investment strategies.

Proximity to Work-Related Travel - 8/10

Thoroughgood's central location makes it an ideal base for professionals and business travelers. The neighborhood is just a 20-minute drive from the Virginia Beach Convention Center and the Norfolk International Airport. Several major employers, including Sentara Virginia Beach General Hospital and the Naval Air Station Oceana, are within easy reach. This proximity to key work-related destinations enhances the area's appeal to potential renters.

X-Factor - 8/10

What sets Thoroughgood apart is its strong sense of community and small-town charm. The neighborhood is known for its friendly residents, who actively participate in community events and initiatives. The annual Thoroughgood Civic League Picnic and the neighborhood's well-attended block parties foster a tight-knit atmosphere that is increasingly rare in today's fast-paced world. This unique blend of suburban tranquility and community spirit makes Thoroughgood a highly desirable place to live and invest in.