Luray, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

647 / 913

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$45,090

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$307,504

Median Home Sale Price

Top Earners

$90,511

Top-Earners Revenue

Luray

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Luray.

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B

Generally Investor friendly

Luray Regulations

STRs are explicitly allowed but require a case-by-case Special Use Permit (public hearings), a business license, life/safety review, and monthly tax filings; enforcement exists but no caps, and the town has clarified evaluation criteria and is refining its code rather than imposing bans.

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About Luray

Luray, Virginia is a scenic town known for its picturesque landscapes and small-town charm, making it an appealing destination for short-term rentals. As of the most recent census, Luray has a population of approximately 4,800 residents. The town is conveniently located around 90 miles west of Washington, D.C., making it a manageable drive for visitors looking to escape the hustle and bustle of the nation's capital for a more serene environment.

One of the main attractions in Luray is the Luray Caverns, an awe-inspiring network of underground caves that draws visitors from all over. The caverns feature striking stalactites and stalagmites, and they even have a large formation known as the Great Stalacpipe Organ, the world's largest musical instrument. More information can be found on their official website Luray Caverns.

Another notable landmark in Luray is the Shenandoah National Park, which offers over 200,000 acres of protected lands that are haven for deer, songbirds, and black bear. The park also features the famous Skyline Drive, a 105-mile road that runs along the crest of the Blue Ridge Mountains. Further details are available on the National Park Service website.

For those interested in history, the Luray Valley Museum provides a look into the town's rich historical background, showcasing artifacts and exhibits that date back to the 18th century. Additional information can be accessed here Luray Valley Museum.

Given its proximity to major cities, coupled with its unique landmarks and natural beauty, Luray presents a desirable location for short-term rental opportunities. Its combination of outdoor adventure, historical intrigue, and small-town charm makes it an attractive destination for travelers seeking both relaxation and exploration.

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