Berkeley Springs, WV
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Berkeley Springs short-term rental market based on reliable data.
Listings
303 / 461
Reliable / Active
Cap Rate
12%
Middle-Earners Gross Yield
Revenue
$35,878
Middle-Earners Revenue
Occupancy
50%
Middle-Earners Occupancy
Home Value
$300,193
Median Home Sale Price
Top Earners
$69,180
Top-Earners Revenue
Berkeley Springs
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Berkeley Springs.
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Challenging to Investors
Berkeley Springs Regulations
While STRs are explicitly allowed in most areas without caps, the licensing requirements implemented in March 2024 have conflicting information that investors must verify with local authorities, creating regulatory uncertainty. The requirement for state sales tax registration, potential local occupancy taxes, and multiple compliance steps, combined with the need to verify the current licensing process, makes this a challenging environment for investors despite the supportive tone and reasonable enforcement approach.
Local STR Agent
STR specialist · Berkeley Springs, WV
About Berkeley Springs
Berkeley Springs, West Virginia, is a small yet charming town known for its historic significance and natural beauty. As of the most recent census, it boasts a population of approximately 624 residents. The town is located about 104 miles northwest of Washington, D.C., making it a convenient escape from the hustle and bustle of the nation's capital.
Berkeley Springs is famously known for its warm mineral springs, which have attracted visitors for centuries. One of its most notable landmarks is Berkeley Springs State Park (https://wvstateparks.com/park/berkeley-springs-state-park/),,) which features historic Roman baths and modern spa services. Another prominent feature of the town is the historic Spa Bathhouse, providing a unique blend of contemporary wellness and historical charm.
Additionally, Cacapon Resort State Park (https://wvstateparks.com/park/cacapon-resort-state-park/),,) located nearby, offers numerous outdoor activities, including hiking, golfing, and fishing, adding to the town’s appeal for nature enthusiasts. The area is also home to the Ice House (http://macicehouse.org),,) a vibrant arts center that hosts various cultural events and exhibitions.
Given its tranquil environment, proximity to major urban areas, and rich historical and recreational offerings, Berkeley Springs serves as an attractive destination for short-term rentals. Its unique blend of wellness, outdoor activities, and cultural experiences makes it a compelling choice for travelers seeking a well-rounded and restorative getaway.