How is Norfolk performing?
24
Bad
42
Investability
58
Rental Demand
34
Revenue Growth
27
Seasonality
30
Regulation
Annual Revenue
$13.6K
+3%
past year
Occupancy Rate
52%
+4%
past year
Average Daily Rate
$192.3
+3%
past year
Revenue per Available Rental (RevPAR)
$96
+6%
past year
Norfolk Performance Details
Total available listings
2,536
+3%
past year
Listings by rental channel
Airbnb (54%)
Vrbo (17%)
Both (29%)
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 (51%)
91-180 nights (26%)
181-270 nights (12%)
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 (14.6%)
Super Strict (0.4%)
Listings by Minimum Stay
1 Night (1.8%)
2 Nights (25.5%)
3 Nights (6.5%)
4-6 Nights (3.5%)
7-29 Nights (3.2%)
30+ Nights (59.5%)
What amenities do listings have?
Aircon
99%
Internet
99%
Wireless Internet
99%
Kitchen
96%
Heating
93%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Sojourn | 163 | 1.5% | 898 | 4.66 |
Ocean Realty | 89 | 0.3% | 685 | 4.59 |
Tesseract Rentals, LLC | 32 | -0.7% | 294 | 4.49 |
Wolf Trap Farm | 23 | 0.3% | 102 | 4.44 |
Evolve | 12 | -0.4% | 197 | 4.89 |
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
$1,356,257
+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
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