Independence, VA
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Independence short-term rental market based on reliable data.
Listings
19 / 44
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$21,159
Middle-Earners Revenue
Occupancy
37%
Middle-Earners Occupancy
Home Value
$213,435
Median Home Sale Price
Top Earners
$34,435
Top-Earners Revenue
Independence
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Independence.
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Generally Investor friendly
Independence Regulations
STRs are allowed without caps or ban, and the only real barriers are routine building‑code compliance and monthly TOT remittance; some accessory‑structure uses may need a conditional use permit, but processes and contacts are clear and the tone is supportive.
Local STR Agent
STR specialist · Independence, VA
About Independence
Independence is a town located in and the county seat of Grayson County, Virginia. At the 2020 U.S. census, it had a population of 1,001. It is situated on Virginia's Crooked Road, a heritage trail celebrating the musical heritage of Southwest Virginia. The town and county are noted for the original red brick 1908 Courthouse at the corner of Main Street (Virginia Route 58) and Independence Avenue (US 21), site of the annual July 4th Celebration and autumn Mountain Foliage Festival.In 2021, the town created its first public park in its 115 year history, Town Park, on vacant property opposite the original Courthouse.Town park is home to the Independence Farmers Market, which opens weekly from May–October and online year round. The market uses a timber-frame, white oak, pavilion completed in 2021 in collalboration with the Timber Framers Guild. Remaining work includes bathrooms, utilities and sitework — as well as a stage. The stage hosts Farmers Market as well as Crooked Road events and is named the Uncle Wade Old Time Stage, after noted musician and Independence native, Wade Ward.