Norfolk Virginia Vacation Rental Report

Rent Your Vacation Home or Condo in Norfolk, Virginia

There are a number of positive trends for vacation rentals in Norfolk as the city continues to attract more visitors each year. Some of the biggest reasons people choose to rent out their homes are because they want to make extra money and they want to spend quality time with their family and friends. Both of these reasons are very important and there are many ways you can do both. One way is by renting out your home on Airbnb or another short-term rental site. The other is by hosting a getaway vacation somewhere that includes a fun activity such as wine tasting, kayaking, surfing, etc. This can be a great way to enjoy some quality time with your loved ones while also making some extra money at the same time.

When partnering with RedAwning for your property management needs, we can make sure your Norfolk rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Norfolk

During the month of December, Norfolk is projected to generate over $151/night for a 2 bedroom vacation rental, on average! There were 1,310 vacation active rental properties in Norfolk. 1,161 are renting the entire place, and 149 are shared rooms. On average, during the month of December 2023, each vacation rental property in Norfolk is booked 49% of the time, and most hosts are projected to generate $1,627 or more during the month of December! See how much you could earn with our free vacation rental income calculator.

Water Front Delight on the Bay Starting at $129 to $149 per night!

Fantastic Waterfront 3 Bedroom/4 Bath home - Pet Friendly, WiFi

Relax on the water and enjoy your own private beach. Enjoy our modernized 1920 era home as you feel the gentle breeze from the Chesapeake Bay.

For those who no longer wish to negotiate stairs, we have a master bedroom on the first floor. Enjoy your vacation without climbing stairs!

We offer 3 Master Bedrooms each with their own attached bathroom. This waterfront home offers 3... Read More

This Norfolk vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Norfolk.

Successful short-term vacation rentals in Norfolk, Virginia

If you're looking for your first vacation rental, no matter if it's for a weekend or longer, consider renting out your Norfolk home to visitors. There are several benefits to renting out your personal home as a vacation rental: It can be a great way to earn some extra money and it can help you l earn a better understanding of what's involved in the short-term rental world. When you rent out your Norfolk home, you won't have to worry about keeping up with the maintenance. You'll also be able to stay close to home while staying in an unfamiliar area. Another benefit of renting out your Norfolk home as a vacation rental is that you’ll be able to meet new people and make new friends. You’ll also get the chance to try new restaurants and neighborhoods that you might not have otherwise explored.

It’s clear that more people are renting their homes to tourists these days, but many are still confused about how to go about it. In order to attract the most amount of tourists, you need to make sure your home is in an area that is desirable. In Norfolk, there are a number of things that make it popular among travelers. First, it is one of the largest cities in Virginia, so there are plenty of things to do for tourists. Second, it has several historic landmarks, so visitors can learn about the city’s history while they are visiting. Finally, it is located close to the beach, so visitors can spend some time relaxing on the sand while they are here.

RedAwning takes the guess-work out of Norfolk property management, and we work with you to ensure your Norfolk short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

Revenue Projections for Vacation Rentals in Norfolk, Virginia during January, 2024

Based on a 2 bedroom, which is the most common Norfolk vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in January. Higher bars below can command higher prices, if your Norfolk vacation rental is available during these days.

$11860%1st

$11760%2nd

$11660%3rd

$11660%4th

$12160%5th

$12259%6th

$11659%7th

$11558%8th

$11458%9th

$11458%10th

$11559%11th

$12059%12th

$12159%13th

$11658%14th

$11558%15th

$11558%16th

$11457%17th

$11458%18th

$11957%19th

$11958%20th

$11557%21st

$11457%22nd

$11457%23rd

$11457%24th

$11457%25th

$11957%26th

$12057%27th

$11556%28th

$11456%29th

$11456%30th

$11456%31st

Average Daily Price & Percent Occupied Next Month In Norfolk

Note: These averages are based on a 2 bedroom home in Norfolk. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.