Is Richmond, VA a Good STR Investment in 2026?
569 active listings
Top Market
Median Price
$368,322
STR Revenue/mo
$2,578
Cap Rate
2.8%
1Y Appreciation
1.4%
Avg Nightly Rate
$149
Market Score
98.9/100
Market Overview
Richmond, VA presents a strong opportunity for real estate investors in 2026, with a market score of 98.9 out of 100. The median home price sits at $368,322 with average short-term rental revenue of $2,578 per month, yielding a 2.8% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Richmond average $2,578 in monthly revenue with a 65.6% occupancy rate. This translates to approximately $30,936 in annual gross revenue for a typical listing. The average nightly rate is $149.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $368,322 property, your monthly mortgage would be approximately $1,960. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is -$1,098.
The long-term rental market shows potential with median rents at $1,695 per month. Year-over-year home value appreciation of 1.4% adds equity growth to your total return.
Our Verdict
Richmond ranks among the top investment markets with a score of 98.9/100. High occupancy rates signal strong rental demand.