Berkeley Springs

As of May 2026, Berkeley Springs, Martinsburg, Winchester have 728 active Airbnb and VRBO listings. This represents a 2% increase from the previous year.

The average Airbnb or VRBO in Berkeley Springs generates $38K per year. High-performing properties earn $76K/year, while low-performing properties earn $18K/year. This wide variance suggests that revenue in this market is heavily dependent on specific asset-level performance rather than broad market trends, as top-tier listings capture significantly more value than the average.

Average home prices in Berkeley Springs vary by property size: 1-bedroom properties cost approximately $206K, 2-bedroom homes average $257K, 3-bedroom properties are around $338K, and 4+ bedroom homes average $431K. These prices reflect median home values across the Berkeley Springs, Martinsburg, Winchester area.

Airbnb and VRBO can be profitable in Berkeley Springs, with an average gross yield of 11% across all properties. High-performing properties achieve yields up to 22%, which is considered top for short-term rental investment. The doubling of yield by top performers indicates that operational efficiency and listing positioning drive substantial financial separation in this market.

The average occupancy rate for Airbnbs and VRBOs in Berkeley Springs is 39%. This occupancy level, combined with an average nightly rate of $222, results in a RevPAR (revenue per available room) of $76 per day.

4+ bedroom properties demonstrate the strongest performance in Berkeley Springs, with an average gross yield of 14% and annual revenue of $57K. These properties balance purchase price ($431K), operating costs, and rental demand most effectively in the Berkeley Springs market.

Short-term rental regulations vary by jurisdiction in the Berkeley Springs area. Berkeley Springs: Lenient. No specific STR regulations. Follows general Morgan County zoning and business license requirements. Minimal enforcement. Martinsburg: Lenient. Basic business license required through city. No specific STR ordinances or caps. Light enforcement, primarily complaint-driven. Winchester: Moderate. Business license and zoning compliance required. No owner-occupancy mandate or density limits. Moderate enforcement through complaints and inspections. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Berkeley Springs Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 2% year-over-year, while RevPAR has decreased 12%. This indicates balanced supply-demand dynamics. The contraction in revenue despite minimal supply growth suggests that demand is currently softening, placing downward pressure on per-unit earnings across the local ecosystem.

Launch around May, 2-3 months before peak fall season (August peaks). This pre-peak timing lets you build reviews when competition is 12% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (March-February) when gaining traction is harder.

The most common amenities in Berkeley Springs listings include: Air Conditioning (100%), Kitchen (97%), Tv (87%), Washing Machine (74%), Balcony (67%). Amenities that boost revenue the most include Ev Charger, Hot Tub, Washing Machine, with Ev Charger properties earning approximately 43% more ($71K/year vs $49K/year).

Monthly estimated revenue per listing in Berkeley Springs over the last 12 months: May: $2K, June: $2K, July: $3K, August: $3K, September: $2K, October: $3K, November: $3K, December: $2K, January: $2K, February: $2K, March: $2K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Berkeley Springs is $222, up 10% year-over-year. By property size: 1-bedroom properties average $151/night, 2-bedroom properties average $173/night, 3-bedroom properties average $219/night, 4+ bedroom properties average $365/night. Rates peak in November and are lowest in September.

Guests in Berkeley Springs book an average of 34 days in advance, down 9% from last year. By property size: 1-bedroom: 35 days, 2-bedroom: 30 days, 3-bedroom: 32 days, 4+ bedroom: 42 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Berkeley Springs Airbnb and VRBO market has seen the following changes: supply grew 2%, revenue per listing decreased 12%, occupancy fell 6%, average nightly rates increased 10%, and lead time decreased 9%. These metrics reflect a market struggling with price elasticity, where higher rates are failing to offset declining occupancy and shorter booking windows.

In Berkeley Springs, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 91% higher occupancy than weekdays.