How is Norfolk performing?
18
Bad
40
Investability
63
Rental Demand
20
Revenue Growth
20
Seasonality
33
Regulation
Annual Revenue
$12.8K
+3%
past year
Occupancy Rate
52%
+4%
past year
Average Daily Rate
$176.2
+3%
past year
Revenue per Available Rental (RevPAR)
$89.5
+6%
past year
Norfolk Performance Details
Total available listings
2,561
+3%
past year
Listings by rental channel
Airbnb (53%)
Vrbo (16%)
Both (31%)
Listings by rental size
1 Bedroom (32%)
2 Bedroom (42%)
3 Bedroom (16%)
4 Bedroom (7%)
5+ Bedroom (3%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (54%)
91-180 nights (23%)
181-270 nights (13%)
271-365 nights (11%)
Listings by rental type
Entire Home (91%)
Private Room (9%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (10.0%)
Moderate (75.0%)
Strict (14.9%)
Super Strict (0.1%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (29.9%)
3 Nights (5.8%)
4-6 Nights (3.0%)
7-29 Nights (3.2%)
30+ Nights (57.9%)
What amenities do listings have?
Aircon
99%
Internet
99%
Wireless Internet
99%
Kitchen
95%
Heating
93%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Sojourn | 163 | 2.3% | 764 | 4.67 |
Ocean Realty | 84 | 0.1% | 682 | 4.60 |
Tesseract Rentals, LLC | 72 | -0.3% | 653 | 4.59 |
RedAwning | 34 | 0.4% | 211 | 3.70 |
Wolf Trap Farm | 20 | 0.1% | 85 | 4.48 |
Occupancy
Occupancy Rate
52%
+5%
past year
Booking lead time
Register to see moreLength of stay
Register to see moreWhat 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
$1,277,702
+5%
past year
Entire place
Register to see moreHouse
Register to see moreApartment
Register to see moreHow 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)
$52
+5%
past year
Revenue per available rental
Register to see moreRevenue per available rental (RevPAR) over the last 5 years
Register to see moreWhat 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
$52
-7%
past year
Weekend revenue per available rental (RevPAR)
Register to see moreBest Month
Register to see moreWhat percentage of the month was occupied?
Average monthly occupancy over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
Smart Investments Happen Here
AirDNA’s powerful yet easy-to-use tools make hosting and investing a breeze.
This means having every insight you need, all in one place, always up-to-date.
Start exploring for free