Galax, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Galax short-term rental market based on reliable data.

Listings

158 / 281

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$20,061

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$187,300

Median Home Sale Price

Top Earners

$41,034

Top-Earners Revenue

Galax

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Galax.

Loading top listings...

B

Generally Investor friendly

Galax Regulations

STRs are explicitly permitted with clear registration and permit steps, but investors must obtain a special use permit in residential zones, meet ongoing filing/tax obligations across city, county and state (total lodging taxes ~17.3% plus personal property tax), and comply with inspections and penalties—manageable but nontrivial.

View Galax Regulations →

Local STR Agent

STR specialist · Galax, VA

Trusted Expert
Get Expert Help In Galax
Free consultation Response within 24h

About Galax

Galax is a small independent city nestled in the Blue Ridge Mountains of southwestern Virginia, near the North Carolina border and surrounded by Carroll and Grayson counties. With a population of roughly 6,000 residents, it carries a relaxed, music-loving mountain-town character that draws visitors interested in Appalachian heritage, scenic drives, and outdoor recreation. The city is widely recognized as a hub for old-time and bluegrass music and serves as a natural gateway to some of the region's most celebrated natural landscapes, including the Blue Ridge Parkway and the New River. It sits approximately 80 miles southwest of Roanoke, Virginia, and roughly 70 miles northwest of Winston-Salem, North Carolina, making it a convenient stopover for travelers looping through the southern Appalachians.

A short drive north of Galax, the Blue Ridge Music Center celebrates the musical traditions of the southern mountains. Located on the Blue Ridge Parkway, about a 20-minute drive from the city, the center features an interpretive museum with historical instruments and recordings, an outdoor amphitheater that hosts regular concert series, and scenic mountain overlooks. It has become one of the defining cultural stops along the parkway corridor.

Roughly 30 minutes north of Galax, Grayson Highlands State Park offers a high-elevation Appalachian experience unlike most of the eastern United States. The park is known for its open, balds-style meadows, boulder-strewn ridgelines, and a resident herd of wild ponies that roam the grassy highlands. Hiking here connects visitors to the larger Mount Rogers National Recreation Area, which contains Virginia's highest peak and the state's only true alpine tundra.

A few miles east of town, the New River flows northward through the New River Valley, and sections near Galax offer tubing, fishing, and quiet stretches of shoreline suitable for picnicking and casual riverside walks. The river is widely cited as one of the oldest in the world, and its slow, gentle flow through the surrounding mountains makes it an inviting complement to the higher-elevation outdoor activities nearby.

For short-term rental investors, Galax offers an appealing combination of small-town affordability and proximity to several strong, well-established draws, including a national parkway, a state park famous for its wild ponies, and a major music-heritage venue. The city functions as a comfortable, walkable base for visitors exploring the Blue Ridge, while still providing the quieter pace and lower operating costs typical of rural Virginia mountain communities.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc