What Airbnb listings in Downtown Portsmouth & Olde Towne earn, how often they're booked, and how that compares with the rest of Norfolk, VA.
This area is part of the broader Norfolk, VA rental market. The map below defines the area used for these figures; market boundaries may include neighboring cities and towns.
Downtown Portsmouth & Olde Towne is one of 25 areas BNBCalc tracks in the Norfolk, VA market. Over the past 12 months, regularly available listings here earned $23,812 on average, were booked for 51% of the nights they were open, and averaged $213 a night. The median gross yield, before expenses, is 14.6%.
Yearly revenue
$23,812
Occupancy
51%
Nightly rate
$213
Gross yield
14.6%
before expenses
Median of 35 listings
Active listings
37
Regularly available Airbnb listings in Downtown Portsmouth & Olde Towne earned an average of $23,812 over the past 12 months. That is 39% less than the Norfolk, VA average of $39,073. That is booking revenue including cleaning fees, before Airbnb fees, operating costs and taxes.
Listings in Downtown Portsmouth & Olde Towne were booked for an average of 51% of the nights they were open for booking over the past 12 months. That is 2 points lower than the Norfolk, VA average of 53%. Nights a host blocked off don't count.
The average nightly rate in Downtown Portsmouth & Olde Towne was $213 over the past 12 months, including cleaning fees. That is 45% lower than the Norfolk, VA average of $390.
For homes with a matched home value, the median room-revenue potential in Downtown Portsmouth & Olde Towne is $29,495 a year and the median gross yield is 14.6%. Gross yield is 0.8 points higher than the Norfolk, VA median. Gross yield is measured before expenses, financing and taxes, so profit depends on what you pay for a home and what it costs to run. Analyze the exact property before you buy.
Reveal any property's Airbnb profitabilityThe table shows average yearly revenue and median gross yield for each home size, with the Norfolk, VA figure for the same size under each one.
| Bedrooms | Yearly revenue | Gross yield |
|---|---|---|
| 1 bedroom 9 listings | $16,801 Norfolk, VA: $24,768 | 15.0% Norfolk, VA: 14.9% |
| 2 bedrooms 11 listings | $21,564 Norfolk, VA: $32,788 | 16.0% Norfolk, VA: 14.4% |
| 3 bedrooms 15 listings | $27,425 Norfolk, VA: $40,132 | 12.6% Norfolk, VA: 13.6% |
Every row uses the same method and data date. Nearby areas link to their own pages.
| Area | Yearly revenue | Occupancy | Nightly rate | Gross yield |
|---|---|---|---|---|
| Downtown Portsmouth & Olde Towne This area 37 listings | $23,812 | 51% | $213 | 14.6% |
| Norfolk, VA market 1,705 listings | $39,073 | 53% | $390 | 13.8% |
| South Portsmouth & Cradock 36 listings | $35,309 | 52% | $304 | 14.5% |
| West Portsmouth & Churchland 34 listings | $30,231 | 57% | $260 | 17.3% |
| East Beach & Bayview 157 listings | $39,196 | 59% | $322 | 16.4% |
| West Ocean View & Naval Station 178 listings | $33,598 | 54% | $303 | 14.8% |
BNBCalc splits the Norfolk, VA market into 25 areas drawn from local neighborhood and city boundaries, and counts each listing in the area that contains it. This area combines Downtown Portsmouth and Olde Towne, so BNBCalc reports one set of figures for all of it.
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It is the average booking revenue a regularly available listing earned over the past 12 months, including cleaning fees and before Airbnb fees, operating costs and taxes. It is an estimate, not verified host payouts.
For each listing, BNBCalc divides the nights booked by the nights it was open for booking over the past 12 months, then averages the results. Nights a host blocked off are left out.
It is the average price per booked night over the past 12 months, including cleaning fees.
It estimates what a listing would earn in a year from its nightly rates if it were available all year at its expected occupancy, based on its last 12 months of bookings. It excludes cleaning fees. It is an estimate, not income a host received.
For each listing, BNBCalc divides its room-revenue potential by an estimated value for a home with the same ZIP code and bedroom count, then reports the median. It is measured before expenses, financing and taxes, so it is not profit or a full return on investment.
Yearly revenue, occupancy and nightly rate cover listings of every type and size that were open for booking at least 127 nights over the past year (37 in Downtown Portsmouth & Olde Towne). Room-revenue potential and gross yield cover entire homes with one to five bedrooms that were also booked for at least 30% of their open nights and have a matched home value. BNBCalc shows no figure for an area with fewer than 5 qualifying listings.
These figures use BNBCalc's listing data as of October 6, 2026. They update when BNBCalc refreshes its market data each month.
The market page summarizes all of Norfolk, VA from a separate monthly market dataset. This page averages the individual listings in each area, so the two can differ. Use this page to compare areas with each other.
They don't include operating costs, financing, taxes, insurance or the price of a specific home, and they don't show whether short-term rentals are allowed. Check local rules and analyze the exact property before you buy.
With BNBCalc Markets, compare Downtown Portsmouth & Olde Towne by bedroom count and performance level, see home prices, and browse its listings on the map.