Martinsville, VA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Martinsville short-term rental market based on reliable data.
Listings
54 / 169
Reliable / Active
Cap Rate
15%
Middle-Earners Gross Yield
Revenue
$19,004
Middle-Earners Revenue
Occupancy
49%
Middle-Earners Occupancy
Home Value
$128,020
Median Home Sale Price
Top Earners
$35,560
Top-Earners Revenue
Martinsville
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Martinsville.
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Generally Investor friendly
Martinsville Regulations
STRs are explicitly allowed but require standard business steps: zoning compliance, a general business license, lodging tax registration, monthly remittance, and possible inspections. No caps are mentioned; compliance is a known process handled by the Commissioner of the Revenue, though investors must confirm zoning.
Local STR Agent
STR specialist · Martinsville, VA
About Martinsville
Martinsville is an independent city in the Commonwealth of Virginia in the United States. As of the 2020 census, the population was 13,485. A community of both Southside and Southwest Virginia, it is the county seat of Henry County, although the two are separate jurisdictions. The Bureau of Economic Analysis combines the city of Martinsville with Henry County for statistical purposes. Martinsville is the principal city of the Martinsville Micropolitan Statistical Area, with a population of 63,765 as of the 2020 census.The paper clip-shaped Martinsville Speedway, the shortest track in the NASCAR Cup Series at 0.526 miles (847 m) and one of the first paved "speedways", is located just outside the city near the town of Ridgeway.