Washington, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

7111 / 20097

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$35,384

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$641,152

Median Home Sale Price

Top Earners

$77,677

Top-Earners Revenue

Washington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Washington.

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B

Generally Investor friendly

Washington Regulations

STRs are explicitly permitted with a free, simple annual registry via the Commissioner of Revenue and moderate penalty/fee structure, and state tax requirements are straightforward. However, investors must confirm zoning compliance (lodging use), creating an additional step and compliance risk absent detailed citywide zoning clarity.

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About Washington

The town of Washington, Virginia, is a historic village located in the eastern foothills of the Blue Ridge Mountains near Shenandoah National Park. The entire town is listed on the National Register of Historic Places as a historic district, Washington Historic District. It is the county seat of Rappahannock County, Virginia. The town was established by an act of the Virginia General Assembly in 1796 and as the county seat of Rappahannock County, Virginia, in 1833. The town was incorporated in 1894 and was rechartered by the Virginia General Assembly in 1985. A large portion of the town was designated as the Washington Historic District on the Virginia Landmarks Register and the National Register of Historic Places in 1975 and is considered to be the best preserved of county-seat communities in the Piedmont. The town is led by a 7-member elected Town Council composed of a mayor, a treasurer, and five other members, all of whom serve 4-year terms. The internationally recognized Inn at Little Washington is located in the town. The town combines a mixture of open spaces, residences, village commerce, tourism facilities, historic buildings, cultural offerings, and local government activities. Its population was 135 people in the 2010 census and was estimated to be 127 people in 2019. The area of the town is 182 acres (74 ha).

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