How is Norfolk performing?
83
Great
76
Investability
63
Rental Demand
100
Revenue Growth
62
Seasonality
68
Regulation
Annual Revenue
$20.5K
+3%
past year
Occupancy Rate
64%
+4%
past year
Average Daily Rate
$163.2
+3%
past year
Revenue per Available Rental (RevPAR)
$92.1
+6%
past year
Norfolk Performance Details
Total available listings
1,613
+3%
past year
Listings by rental channel
Airbnb (55%)
Vrbo (5%)
Both (40%)
Listings by rental size
1 Bedroom (41%)
2 Bedroom (31%)
3 Bedroom (17%)
4 Bedroom (9%)
5+ Bedroom (2%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (8%)
91-180 nights (12%)
181-270 nights (18%)
271-365 nights (62%)
Listings by rental type
Entire Home (83%)
Private Room (17%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (22.5%)
Moderate (33.5%)
Strict (42.3%)
Super Strict (1.8%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (18.2%)
3 Nights (7.6%)
4-6 Nights (4.3%)
7-29 Nights (2.5%)
30+ Nights (67.5%)
What amenities do listings have?
Aircon
99%
Internet
99%
Wireless Internet
98%
Kitchen
94%
Parking
91%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Sojourn | 145 | -0.2% | 1538 | 4.66 |
Ocean Realty | 87 | 0.0% | 747 | 4.63 |
Tesseract Rentals, LLC | 31 | -0.0% | 288 | 4.47 |
Atlantic Rental Homes | 27 | 3.5% | 124 | 4.73 |
Wolf Trap Farm | 26 | 0.1% | 136 | 4.49 |
Excellent
4.8(687 reviews)
“Gave me the visibility to make researched decisions on properties. The amount of data I was able to retrieve allowed me to make more educational decisions. Would recommend to anyone looking into STR.”
Norfolk Occupancy Data
Occupancy Rate
64%
+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
Norfolk STR Revenue Data
Average revenue
$2,052,667
+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)
$64
+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
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