Radford, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

100 / 171

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$33,633

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$269,676

Median Home Sale Price

Top Earners

$68,877

Top-Earners Revenue

Radford

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Radford.

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C

Challenging to Investors

Radford Regulations

STRs are allowed but require a Special Use Permit, public hearing, registration, and a 7% lodging tax; as of early 2023, regulations were still being developed, creating uncertainty around permit fees, operational caps, and enforcement.

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About Radford

Radford is a small independent city in southwestern Virginia, set in the New River Valley between the Blue Ridge and Allegheny Mountains. With a population of around 18,000, it has the feel of a classic college town thanks to Radford University, whose campus gives the community much of its energy, walkable rhythm, and calendar of events. The city sits along the New River, often cited as one of the oldest rivers in the world, and serves as a natural gateway to the outdoor recreation, scenic byways, and small mountain towns of the surrounding region. The nearest sizable city is Roanoke, roughly 45 miles to the northeast, while Blacksburg and Christiansburg lie just up the road within about ten miles.

Just a few minutes southwest of the city, Claytor Lake State Park wraps a roughly 4,500-acre reservoir in a wooded shoreline of the New River Valley. The park offers boating, swimming, fishing, a marina, and lakeside cabins, and it draws weekenders from across the region during the warmer months. Because it is so close to Radford, it functions almost like the city's backyard, an easy afternoon escape for guests who want time on the water without a long drive.

A short drive north puts visitors in Blacksburg, home of Virginia Tech and a lively main-street scene of coffee shops, breweries, and restaurants that caters to the university community. Game days at Lane Stadium swell the town with visitors, and year-round lectures, concerts, and cultural events add to its appeal. For guests of a Radford rental, Blacksburg offers a complementary urban counterpoint within roughly a fifteen-minute drive.

South of Radford, the small town of Floyd has built a reputation as one of Virginia's most distinctive music and arts destinations, anchored by a long-running Friday night jamboree, local galleries, and farm-to-table dining. The drive from Radford takes around thirty minutes along country roads through the Blue Ridge foothills, making Floyd a popular day trip for travelers who want a slower, more rustic experience to balance their outdoor adventures.

Taken together, Radford offers a balanced base for a short-term rental: a compact, walkable college city with a scenic river setting, surrounded by state parks, mountain drives, and the cultural anchors of Blacksburg and Floyd. Visitors can spend mornings hiking or boating, afternoons exploring a college-town downtown, and evenings sampling live music, all within a half-hour radius of a centrally located home.

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