Roanoke, Virginia Short Term Rental Regulations

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Reviewed by Derick Hargrave

Last updated September 03, 2023

Roanoke Short-Term Rental Regulations

Information is maintained by the community to provide helpful insights and links to local regulations, HostScouts does not provide legal or investment advice.

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  • Short Term City Rating
    6.7
  • Competition

    9.6
  • Real Estate Cost

    6.2
  • STR Regulations

    N/A
  • Seasonality

    4.3
  • Rental Rates

    6.5

Roanoke, Virginia Quick Stats

Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.

Population
100,011
STR License Required
No
Tourist Season
May to October
County
Roanoke
Airports
Roanoke-Blacksburg Regional Airport (ROA)
Lynchburg Regional Airport (LYH)
Review our Roanoke Virginia short-term rental analytics guide, including rates, property types and other metrics

Want to learn more about Roanoke?

Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.

Check out our Roanoke rental analytics guide if you're interested in data on the Roanoke rental market.

City Activities

Review the popular activities that hosts include in their property positing in Roanoke.

City Attractions

The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.

Roanoke Rental Rates & Fees

Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.

Property Types & Sizes

What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Roanoke guests.

Interested in other Virginia cities?

Check out the Virginia short term rental regulations directory 

What makes Roanoke a great place to invest?

Roanoke, Virginia, with its scenic beauty and growing urban amenities, presents a compelling case for investing in short-term rentals.
  1. Strategic Location: Roanoke's strategic location along the Blue Ridge Parkway, one of the most visited units of the National Park Service, makes it a popular stopover for travelers seeking to explore the natural beauty of the region. This consistent influx of visitors creates a steady demand for short-term rentals.
  2. Year-Round Outdoor Activities: The region offers a plethora of outdoor activities, from hiking and biking in the summer to skiing in the winter, attracting tourists throughout the year. The Roanoke Valley is a haven for outdoor enthusiasts, and the demand for comfortable and convenient accommodations is perennial.
  3. Educational Institutions: Home to several colleges and universities, including Virginia Tech and Radford University, Roanoke attracts students, faculty, and visiting families, all of whom require temporary accommodations. This ensures a steady demand for short-term rentals throughout the academic year.
  4. Growing Food and Beverage Scene: Roanoke has been experiencing a surge in its food and beverage scene, with an increasing number of breweries, wineries, and farm-to-table restaurants. This attracts food lovers and connoisseurs from all over, adding to the demand for short-term rentals.
  5. Proximity to Major Cities: Roanoke's proximity to major cities like Washington D.C., Charlotte, and Richmond makes it an attractive weekend getaway destination for city dwellers looking to escape the urban hustle and bustle. This proximity ensures a steady stream of weekend travelers seeking short-term rentals.

Roanoke Nearby Cities

Local Real Estate

How expensive is the real estate in Roanoke?

The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Roanoke has increased 6% over the past year, and the average price per square foot is $200, which is lower than the national average.

Median Sale Price

$472,567

6% YoY

Median per Square Foot

$200

0% YoY

Average Monthly Rent

$2,020

14% YoY

Property Descriptions

The most common terms hosts include in their listings for Roanoke, Virginia

Word Cloud for Roanoke, Virginia Short Term Rentals

Common terms for Roanoke short term rental listings.

When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.

Some of the must-have elements of a property description include:

  • Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
  • Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
  • Informative: The average listing in Roanoke has a description approximately 954 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.

After reviewing more than 272 listings in Roanoke, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Blacksburg, Virginia Tech, Main, Deck, Family, Perfect, Quiet, Downtown, Basement, and Yard.

What are the most popular tourist activities in Roanoke?

Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Roanoke involve going to the City Centre, Rural, Hiking, Cycling, and Winery Tours. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.

City Centre

Rural

Hiking

Cycling

Winery Tours

Wildlife Viewing

Water Tubing

Hunting

Adventure Activities

Swimming

Museums

Mountain Biking

Local Attractions

What attractions do hosts highlight to guests?

There are quite a few popular attractions in Roanoke, including Virginia Tech University, Virginia Tech University, Lane Stadium, Carilion Roanoke Memorial Hospital, and Jefferson National Forest. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.

Well Known Attraction

Virginia Tech University

Included on 56% of listings

Regional Landmark

Lane Stadium

Included on 56% of listings

Regional Landmark

Jefferson National Forest

Included on 56% of listings

Local Landmark

LewisGale Hospital Montgomery

Included on 56% of listings

Well Known Attraction

Virginia Tech University

Included on 44% of listings

Regional Landmark

Radford University

Included on 44% of listings

Local Landmark

Lane Stadium

Included on 42% of listings

Local Landmark

Cassell Coliseum

Included on 42% of listings

Local Landmark

Carilion New River Valley Medical Center

Included on 36% of listings

Local Landmark

Cassell Coliseum

Included on 14% of listings

Regional Landmark

Carilion Roanoke Memorial Hospital

Included on 11% of listings

Regional Landmark

Valley View Mall

Included on 11% of listings

What’s the weather like in Roanoke, Virginia?

The weather is generally milder than the national average, with an average high temperature of around 67°, while the average low is about 49°. The rainfall is a bit heavier, averaging about 34 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 15 inches per year. The humidity levels in Roanoke are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.

Winter

December through February

32° Low 48° High

Precipitation
6.6"
Snowfall
12.9"
Muggy Days
0.0 days
Cloudiness
51%

Spring

March through May

48° Low 68° High

Precipitation
9.7"
Snowfall
1.4"
Muggy Days
2.5 days
Cloudiness
48%

Summer

June through August

66° Low 85° High

Precipitation
9.4"
Snowfall
0.0"
Muggy Days
43.5 days
Cloudiness
43%

Fall

September through November

50° Low 68° High

Precipitation
8.6"
Snowfall
0.5"
Muggy Days
7.5 days
Cloudiness
39%