Richmond, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

1261 / 2972

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$33,397

Middle-Earners Revenue

Occupancy

72%

Middle-Earners Occupancy

Home Value

$378,605

Median Home Sale Price

Top Earners

$65,200

Top-Earners Revenue

Richmond

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Richmond.

Loading top listings...

C

Challenging to Investors

Richmond Regulations

Richmond allows STRs but with moderate barriers including $300/year fees, extensive documentation, building inspections, and a strict one-STR-per-lot limit in residential areas. The primary residency requirement significantly restricts investment opportunities, while strict enforcement penalties (up to $2,500 fines and potential jail time) create high compliance risk.

View Richmond Regulations →

Local STR Agent

STR specialist · Richmond, VA

Trusted Expert
Get Expert Help In Richmond
Free consultation Response within 24h

About Richmond

Richmond is the capital of Virginia and an independent city, geographically separate from any county but bordered by Henrico County to the west and north and Chesterfield County to the south. The city proper is home to roughly 230,000 residents, while the broader metro area counts around 1.3 million people. Situated on the James River in east-central Virginia, Richmond has a layered character shaped by more than four centuries of history, a thriving craft-beer and culinary scene, and an unexpected outdoor recreation culture centered on the rapids running through the heart of downtown. It is best known as a cornerstone of Civil War and early American history, and it serves as a natural gateway to Virginia's historic triangle to the east and the Blue Ridge Mountains and Shenandoah Valley to the west. The nearest major city is Washington, D.C., approximately 100 miles to the north along Interstate 95.

The Virginia State Capitol, designed by Thomas Jefferson and completed in 1788, anchors downtown and doubles as both a working seat of government and a museum of early American political history. Visitors can stand in the chamber where figures like Patrick Henry, John Marshall, and Robert E. Lee once debated, and the building is just a short walk from the Shockoe Bottom and Shockoe Slip dining districts. The capitol sits roughly in the center of the city, easily reachable from most neighborhoods within a 10- to 15-minute drive.

Just across the James River, Belle Isle offers an unexpectedly wild escape in the middle of the city. The island was once a Civil War-era prison camp and later a site of industrial activity, but today it is a wooded park threaded with trails and surrounded by some of the only Class III and IV urban rapids in the country. Access is free, and the riverfront trails connect Belle Isle to other parks and pedestrian bridges spanning the James.

A few miles west of downtown, the Virginia Museum of Fine Arts is widely regarded as one of the finest general art museums in the southeastern United States. The collection spans ancient to contemporary works, including the largest Fabergé collection outside of Russia, and admission to the permanent galleries is free. The museum anchors the Museum District and is roughly a 10-minute drive from the city center.

About an hour to the east, Colonial Williamsburg extends Richmond's appeal well beyond the city limits. This living-history attraction recreates an 18th-century colonial capital with costumed interpreters, restored buildings, and artisan demonstrations, making it a popular pairing for travelers who use Richmond as a base. Further west, the foothills of the Blue Ridge and the entrance to Shenandoah National Park can be reached in under two hours.

Richmond works especially well as a short-term-rental market because it offers so many distinct experiences in close proximity. Guests can spend mornings exploring the State Capitol or strolling along the James, afternoons sampling the food scene in Carytown or Scott's Addition, and weekends taking day trips to colonial sites, amusement parks, or mountain hikes. That mix of urban energy, deep history, and easy access to nearly every corner of Virginia keeps demand steady across business, leisure, and shoulder seasons.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc