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Blacksburg, VA
Challenging To Investors
Local STR Agent
Local STR Agent

Yes, short-term rentals are explicitly allowed in Blacksburg, Virginia. As of January 1, 2017, the Town of Blacksburg permits "homestay" operations—defined as short-term rentals of residential property—subject to specific regulatory standards adopted by Town Council. However, these regulations are highly restrictive and specifically designed for owner-occupied primary residences rather than investment properties.
Blacksburg hosts earn a median $25,212/year with $264 ADR and 42% occupancy.
Top performers pull in $39,832+ per year.
See the full Blacksburg market breakdownBlacksburg Homestay Information: www.blacksburg.gov/departments/departments-a-k/financial-services/homestay
Homestay License Application: blacksburgva.portal.opengov.com/categories/1076/record-types/6497
Blacksburg Municipal Code - Homestay Regulations: library.municode.com/va/blacksburg/codes/code_of_ordinances?nodeId=CO_CH6BURE_ARTVIHORE
Homestay Monthly Tax Form: www.blacksburg.gov/home/showpublisheddocument/6078/636651020614900000
Lodging Tax Registration Form: www.blacksburg.gov/home/showpublisheddocument/13805/638960279375870000
Transient Lodging Tax Information Sheet: www.blacksburg.gov/home/showpublisheddocument/6082/636650996708170000
Signed Ordinance 1807: www.blacksburg.gov/home/showpublisheddocument/6076/636650997023830000
Montgomery County Planning Department: montva.com/docs/default-source/planning-gis/requests-applications/2023/sup-2023-00685_application-packet.pdf
Virginia STR Regulations Overview: www.yorkcounty.gov/DocumentCenter/View/23393/STR-Regulations-in-Virginia-Localities
Given the restrictions, successful STR operations in Blacksburg typically focus on:
Note: This guide is for informational purposes only and does not constitute legal advice. Always consult with local authorities and qualified professionals before starting a short-term rental operation.
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Blacksburg, Virginia is a small but vibrant college town set in the rolling hills of southwestern Virginia's New River Valley, within Montgomery County. Home to Virginia Tech, one of the state's largest public universities, the town has a population of approximately 44,000, swelling during the academic year with students from across the country and around the world. The atmosphere is decidedly youthful, walkable, and outdoors-oriented, framed by the Blue Ridge and Alleghany Mountains. It serves as a natural gateway to some of the Mid-Atlantic's most celebrated hiking, paddling, and scenic driving, and lies about 40 miles southwest of Roanoke, the nearest major city, typically reached in around 45 minutes via Interstate 81.
The Virginia Tech campus is the cultural and architectural heart of Blacksburg, a sprawling blend of neo-Gothic limestone buildings, open green spaces known as the Drillfield, and the dramatic lanes of Lane Stadium, which fill with thousands of fans on football Saturdays each fall. Visitors come year-round to tour the campus, browse the museums and galleries associated with the university, and soak in the energy of a classic American college town.
Just a short drive from town, McAfee Knob is one of the most photographed overlooks on the entire Appalachian Trail, drawing hikers to its sweeping vista of the Catawba Valley roughly 30 minutes east of Blacksburg. The out-and-back hike is a rite of passage for locals and a bucket-list outing for visitors, especially in autumn when the foliage turns brilliant shades of red and gold.
A gentler outdoor outing awaits at Cascade Falls, a roughly 70-foot cascade tucked into a wooded gorge about 30 minutes northwest near Pembroke. The short, family-friendly trail to the falls is popular with students and families looking for a quick escape, and it pairs naturally with continued exploration of the surrounding Jefferson National Forest, where countless miles of additional trails wind through the ridges.
About 40 minutes to the west, the small community of Pembroke and the Mountain Lake Wilderness offer another layer of appeal, anchored by Mountain Lake itself, widely known as the filming location for the 1987 film "Dirty Dancing." Hikers, anglers, and anyone chasing a quieter, more cinematic stretch of Appalachian scenery tend to find this corner of the region especially rewarding.
Blacksburg's blend of university energy, walkable downtown dining, and immediate access to the Appalachian highlands makes it a compelling base for short-term rentals. Travelers can spend a morning on a celebrated overlook, an afternoon wandering campus or browsing the shops and restaurants along Main Street, and an evening at a game, a concert, or a quiet trailhead, all without ever straying far from the comforts of town.
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