Hot Springs, VA
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Hot Springs short-term rental market based on reliable data.
Listings
37 / 68
Reliable / Active
Cap Rate
16%
Middle-Earners Gross Yield
Revenue
$33,271
Middle-Earners Revenue
Occupancy
46%
Middle-Earners Occupancy
Home Value
$204,451
Median Home Sale Price
Top Earners
$66,865
Top-Earners Revenue
Hot Springs
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Hot Springs.
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Very Investor friendly
Hot Springs Regulations
Short-term rentals are clearly permitted citywide under a low regulation environment, with inexpensive licensing (just $20 total per property) and no caps or restrictive zoning. The straightforward permitting process and supportive county tone keep compliance minimal, making Hot Springs attractive for STR investors.
Local STR Agent
STR specialist · Hot Springs, VA
About Hot Springs
Hot Springs, VA, is a charming small town nestled in Bath County, known for its picturesque landscapes and renowned hot springs. With a modest population of around 500 residents, this town offers a tranquil escape from urban life. The closest major city is Roanoke, VA, approximately 84 miles southeast of Hot Springs.
One of the town's key attractions is the luxurious Omni Homestead Resort, a historic destination dating back to 1766, famous for its mineral-rich hot springs and a wide array of amenities. The resort's website provides further details: Omni Homestead Resort.
Hot Springs is also home to the beautiful Jefferson Pools, known for their therapeutic waters. The pools are named after Thomas Jefferson, who visited them in 1818. More information can be found here: Jefferson Pools.
For nature enthusiasts, the George Washington and Jefferson National Forests offer numerous outdoor activities, including hiking, fishing, and wildlife viewing. Learn more about recreational opportunities in the forest: George Washington and Jefferson National Forests.
Due to its scenic beauty, proximity to historical and natural landmarks, and unique hot springs, Hot Springs, VA, is an appealing destination for short-term rentals, giving visitors a chance to unwind in a serene, historically rich environment.