Lexington, VA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Lexington short-term rental market based on reliable data.
Listings
191 / 393
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$31,252
Middle-Earners Revenue
Occupancy
44%
Middle-Earners Occupancy
Home Value
$344,152
Median Home Sale Price
Top Earners
$59,072
Top-Earners Revenue
Lexington
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Lexington.
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Challenging to Investors
Lexington Regulations
Short‑term rentals are technically allowed but heavily constrained: whole‑home STRs are prohibited in residential districts, limiting most neighborhoods to owner‑present homestays via special exception; viable whole‑home STRs are limited to agricultural and business zones, with special exceptions often required in B‑2. The process adds complexity (zoning verification, public hearings, multiple permits/licenses), increasing compliance risk and reducing investor flexibility.
Local STR Agent
STR specialist · Lexington, VA
About Lexington
Lexington is an independent city in Shenandoah Valley of Virginia, United States. At the 2020 census, the population was 7,320. It is the county seat of Rockbridge County, although the two are separate jurisdictions, and is combined with it for statistical purposes by the Bureau of Economic Analysis. Lexington is about 57 miles (92 km) east of the West Virginia border and is about 50 miles (80 km) north of Roanoke, Virginia. First settled in 1778, Lexington is best known as the home of the Virginia Military Institute and Washington and Lee University.