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AirDNA Data: US Virginia New Market

How is New Market performing?

92

Great
Market Score

72

Investability

40

Rental Demand

36

Revenue Growth

82

Seasonality

63

Regulation

Annual Revenue

$25.2K

+3%

past year

Occupancy Rate

46%

+4%

past year

Average Daily Rate

$187.9

+3%

past year

Revenue per Available Rental (RevPAR)

$96.8

+6%

past year

New Market Performance Details

Total available listings

68

+3%

past year

Listings by rental channel

Channel

Airbnb (57%)

Vrbo (6%)

Both (37%)

Listings by rental size

Bedrooms

1 Bedroom (35%)

2 Bedroom (35%)

3 Bedroom (24%)

4 Bedroom (4%)

5+ Bedroom (1%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (18%)

91-180 nights (18%)

181-270 nights (13%)

271-365 nights (51%)

Listings by rental type

Type

Entire Home (99%)

Private Room (1%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (25.0%)

Moderate (48.5%)

Strict (23.5%)

Super Strict (2.9%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (60.3%)

3 Nights (10.3%)

4-6 Nights (0.0%)

7-29 Nights (0.0%)

30+ Nights (29.4%)

What amenities do listings have?

Aircon

99%

Parking

96%

Heating

94%

Kitchen

91%

Wireless Internet

79%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Evolve
50.7%194
4.90
Allstar Lodging Vacation Rentals
20.0%65
4.68
Vacation Properties Made Simple
11.0%1
5.00

Occupancy

Occupancy Rate

46%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$2,518,491

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$46

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$46

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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