Want to see how Martinsville compares to other top cities in Virginia? Explore all city regulations in Virginia. →
Martinsville, VA
Generally Investor Friendly
Local STR Agent
Local STR Agent

Short-term rentals are explicitly allowed in Martinsville, Virginia, and are subject to standard business regulations. As a property owner, you are permitted to operate an Airbnb, VRBO, or similar short-term rental. However, this privilege comes with clear municipal requirements that must be fulfilled. The most critical obligations are registering your property as a business, obtaining a business license, and complying with the city's lodging tax laws. Furthermore, all short-term rental operations must adhere to local zoning ordinances, which determine the specific areas where such rentals are permitted.
The information provided is a compilation based on the city's official website and industry resources. While every effort has been made to provide the most accurate and current information, regulations can change. It is the operator's responsibility to verify the most up-to-date requirements directly with the city. For definitive zoning and permitting regulations, you should refer to the City of Martinsville's official code of ordinances.
Starting a compliant short-term rental in Martinsville is a straightforward process, but it must be done in the correct order. The following steps provide a logical workflow for new operators:
The following documents and actions are mandatory for operating a short-term rental in Martinsville:
While the city website provides a clear framework for taxes and business registration, the definitive regulations are outlined in the City's Code of Ordinances, specifically in the zoning and taxation chapters. Based on the available information, the core regulations are as follows:
Important Note: For the full text of all applicable zoning and safety regulations, including any occupancy limits, parking requirements, or specific rules for different zoning districts, you must consult the City of Martinsville Code of Ordinances.
For all business licensing, lodging tax registration, and questions regarding compliance, contact the city directly.
Martinsville Commissioner of the Revenue
The following links were provided as the foundation for this guide. Please note that while the Municode link is the primary source for official city regulations, the content could not be retrieved for this summary.
Disclaimer: This guide is for informational purposes only and does not constitute legal advice. It is essential to conduct your own research and consult with the City of Martinsville directly to ensure full compliance with all applicable laws and regulations.
Martinsville hosts earn a median $19,681/year with $131 ADR and 45% occupancy.
Top performers pull in $26,666+ per year.
See the full Martinsville market breakdownNext step
Paste any address and get estimated revenue, cash-on-cash return, and comparable STR performance in under 5 minutes. 3 free analyses per day.
Free brief
Revenue data, top neighborhoods, seasonal trends, and the key regulations for Martinsville, Virginia in one email.




Martinsville is an independent city in southern Virginia, nestled in the foothills of the Blue Ridge Mountains just a few miles north of the North Carolina border. With a population of roughly 13,000, it carries the character of a small, close-knit community shaped by its long heritage in furniture and textile manufacturing. Today the city is best known as the home of the historic Martinsville Speedway, and it serves as a quiet gateway to the lakes, forests, and rolling countryside of the surrounding region. The nearest major city is Roanoke, about 50 miles to the north, while Greensboro, North Carolina, lies approximately 50 miles to the south.
Just outside the city, Fairy Stone State Park is one of the area's most distinctive natural attractions, named for the cross-shaped staurolite crystals, often called "fairy stones," that can be found scattered across its grounds. The park offers hiking trails, a lake for fishing and non-motorized boating, picnic areas, and cabins, making it a year-round draw about a 25- to 30-minute drive from downtown Martinsville.
Philpott Lake, a reservoir on the Smith River, lies a short distance northwest of the city and provides roughly 3,000 acres of water surrounded by thousands of acres of public land managed by the U.S. Army Corps of Engineers. Visitors come for fishing, kayaking, swimming at a designated beach, and lakeside camping, and the forested shoreline offers scenic drives and quiet trails in every season. The lake is about a 25- to 30-minute drive from the city center.
The Martinsville Speedway is the city's marquee attraction, a roughly half-mile oval that has hosted NASCAR races since 1949 and is one of the oldest tracks still on the Cup Series schedule. Twice a year, in the spring and fall, the speedway draws tens of thousands of fans for race weekends that fill nearby hotels and short-term rentals, and the venue also hosts a popular campground and a museum devoted to stock-car history.
Within the city itself, the Virginia Museum of Natural History anchors a small cultural district with permanent exhibits on Virginia's geology, paleontology, and native wildlife, including a well-known collection of Ice Age fossils. The museum sits in uptown Martinsville, a short walk from local restaurants and shops and from the Piedmont Arts association, which presents rotating exhibitions and community programming year-round.
For short-term rental owners, Martinsville offers a compelling mix of seasonal event traffic, particularly around NASCAR race weekends, and steady year-round interest from visitors drawn to the surrounding lakes, state parks, and Blue Ridge scenery. Its compact size keeps operating costs modest, while its location within easy reach of Roanoke, Greensboro, and the outdoor recreation of southwestern Virginia ensures a varied and reliable pool of potential guests.
Enter an address to get instant revenue potential and comps.