Charlottesville, VA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Charlottesville short-term rental market based on reliable data.

Listings

1747 / 3129

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$33,876

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$525,079

Median Home Sale Price

Top Earners

$78,691

Top-Earners Revenue

Charlottesville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Charlottesville.

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C

Challenging to Investors

Charlottesville Regulations

Charlottesville only allows owner‑occupied homestays (≥185 days residency) with caps, strict annual permits, inspections, and up to 3 complaints triggering revocation; non‑owner‑occupied rentals are largely prohibited in the city, and even in Albemarle only permitted on 5+ acre rural parcels with heavy restrictions (7 days/month, 45 days/year).

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About Charlottesville

Nestled in the rolling foothills of the Blue Ridge Mountains in central Virginia, Charlottesville is an independent city with a population of approximately 47,000 residents. It carries the dual identity of a vibrant college town, anchored by the renowned University of Virginia, and a deeply historic place whose roots stretch back to the founding era of the United States. The city is best known as the home of Thomas Jefferson's architectural masterpiece, Monticello, and serves as a popular gateway to Shenandoah National Park, the Blue Ridge Parkway, and Virginia's celebrated wine country. Charlottesville sits roughly 70 miles west of Richmond, the state capital, and about 120 miles southwest of Washington, D.C., making it an accessible weekend escape for travelers from the Mid-Atlantic corridor.

Just southeast of the city lies Monticello, the mountaintop plantation home of Thomas Jefferson, which offers guided tours of the house, gardens, and grounds, and provides deep insight into the life and complex legacy of the third U.S. president. The site is only a short drive from the city center, making it easy to combine with a morning downtown stroll. Adjacent to the main house, visitors can also explore Mulberry Row, which once bustled with the enslaved families and tradespeople who lived and worked on the estate.

The University of Virginia, founded by Jefferson in 1819, is a UNESCO World Heritage Site and one of the architectural and intellectual heartbeats of the city. The historic Lawn and the iconic Rotunda, both designed by Jefferson himself, are open to the public and remain a defining visual symbol of Charlottesville. Beyond its academic prestige, the university hosts the Virginia Film Festival, the Virginia Festival of the Book, and Division I athletics, all of which draw visitors year-round.

West of the city, about 30 to 40 minutes by car, Shenandoah National Park unfurls along the crest of the Blue Ridge, offering Skyline Drive, cascading waterfalls, and over 500 miles of hiking trails that showcase Appalachian flora and fauna. The park is especially striking in autumn, when the hardwood forests turn brilliant shades of red, orange, and gold. Closer to town, the pedestrian-only Downtown Mall, one of the longest in the eastern United States, brims with independent shops, art galleries, farm-to-table restaurants, and live music venues, giving Charlottesville a small-city cultural energy that visitors consistently praise.

Charlottesville's blend of presidential history, world-class higher education, food and wine culture, and quick access to mountain scenery makes it an unusually well-rounded short-term rental market. Owners benefit from a year-round calendar filled with weddings at nearby vineyards, university events, history-minded tourists, and outdoor enthusiasts exploring the Blue Ridge.

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