Performance indicators for the Galax short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Galax.
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Generally Investor friendly
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.
Local STR Agent
STR specialist · Galax, VA
Galax is an independent city in the southwestern part of the Commonwealth of Virginia. As of the 2020 census, the population was 6,720.The Bureau of Economic Analysis combines the city of Galax with neighboring Carroll County for statistical purposes. Galax is bounded to the northeast by Carroll County and to the southwest by Grayson County.