How is Norfolk performing?
16
Bad
38
Investability
54
Rental Demand
30
Revenue Growth
19
Seasonality
34
Regulation
Annual Revenue
$13.1K
+3%
past year
Occupancy Rate
52%
+4%
past year
Average Daily Rate
$185.4
+3%
past year
Revenue per Available Rental (RevPAR)
$91.8
+6%
past year
Norfolk Performance Details
Total available listings
2,621
+3%
past year
Listings by rental channel
Airbnb (53%)
Vrbo (17%)
Both (29%)
Listings by rental size
1 Bedroom (32%)
2 Bedroom (43%)
3 Bedroom (16%)
4 Bedroom (6%)
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 (27%)
181-270 nights (12%)
271-365 nights (10%)
Listings by rental type
Entire Home (91%)
Private Room (9%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (9.5%)
Moderate (76.8%)
Strict (13.4%)
Super Strict (0.3%)
Listings by Minimum Stay
1 Night (1.9%)
2 Nights (26.4%)
3 Nights (6.3%)
4-6 Nights (2.9%)
7-29 Nights (3.4%)
30+ Nights (59.0%)
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 | 185 | 2.0% | 886 | 4.67 |
Ocean Realty | 88 | 0.3% | 687 | 4.58 |
Tesseract Rentals, LLC | 32 | -0.6% | 294 | 4.49 |
RedAwning | 25 | -0.1% | 150 | 3.75 |
Wolf Trap Farm | 23 | 0.3% | 95 | 4.44 |
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
$1,313,319
+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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