Charlottesville

As of May 2026, Charlottesville, Staunton, Waynesboro have 1,549 active Airbnb and VRBO listings. This represents a 11% decrease from the previous year.

The average Airbnb or VRBO in Charlottesville generates $40K per year. High-performing properties earn $85K/year, while low-performing properties earn $18K/year. The significant spread between top and bottom performers suggests that revenue potential is heavily concentrated in specific segments rather than distributed evenly across the market.

Average home prices in Charlottesville vary by property size: 1-bedroom properties cost approximately $259K, 2-bedroom homes average $301K, 3-bedroom properties are around $416K, and 4+ bedroom homes average $564K. These prices reflect median home values across the Charlottesville, Staunton, Waynesboro area.

Airbnb and VRBO can be profitable in Charlottesville, with an average gross yield of 9% across all properties. High-performing properties achieve yields up to 19%, which is considered top for short-term rental investment. This yield disparity highlights a market where asset selection significantly dictates capital efficiency.

The average occupancy rate for Airbnbs and VRBOs in Charlottesville is 33%. This occupancy level, combined with an average nightly rate of $303, results in a RevPAR (revenue per available room) of $78 per day.

4+ bedroom properties demonstrate the strongest performance in Charlottesville, with an average gross yield of 12% and annual revenue of $73K. These properties balance purchase price ($564K), operating costs, and rental demand most effectively in the Charlottesville market.

Short-term rental regulations vary by jurisdiction in the Charlottesville area. Charlottesville: Strict. Zoning permit required, owner-occupancy mandatory for whole-house rentals, 30-day minimum stay in residential zones. Active enforcement with complaints investigated and violations cited. Staunton: Moderate. Business license and zoning approval required, owner-occupancy needed for residential zones. Enforcement complaint-driven, some unlicensed operations exist. Waynesboro: Lenient. Business license required, basic zoning compliance. Minimal enforcement, limited monitoring of operations. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Charlottesville Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 11% year-over-year, while RevPAR has decreased 22%. This indicates balanced supply-demand dynamics. Despite the supply contraction, the sharper decline in revenue per available room suggests that demand has adjusted downward more aggressively than inventory.

Launch around January, 2-3 months before peak fall season (April peaks). This pre-peak timing lets you build reviews when competition is 35% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (December-January) when gaining traction is harder.

The most common amenities in Charlottesville listings include: Air Conditioning (98%), Kitchen (95%), Tv (80%), Heating (70%), Washing Machine (69%). Amenities that boost revenue the most include Washing Machine, Hot Tub, Ev Charger, with Washing Machine properties earning approximately 50% more ($66K/year vs $44K/year).

Monthly estimated revenue per listing in Charlottesville 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: $3K. 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 Charlottesville is $303, up 18% year-over-year. By property size: 1-bedroom properties average $174/night, 2-bedroom properties average $246/night, 3-bedroom properties average $345/night, 4+ bedroom properties average $672/night. Rates peak in April and are lowest in June.

Guests in Charlottesville book an average of 35 days in advance, down 23% from last year. By property size: 1-bedroom: 32 days, 2-bedroom: 34 days, 3-bedroom: 38 days, 4+ bedroom: 43 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Charlottesville Airbnb and VRBO market has seen the following changes: supply declined 11%, revenue per listing decreased 22%, occupancy fell 16%, average nightly rates increased 18%, and lead time decreased 23%. These metrics characterize a tightening market where higher pricing is failing to compensate for reduced booking velocity.

In Charlottesville, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Wednesday. Weekends show 99% higher occupancy than weekdays.