Locust Grove, VA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

25 / 50

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$45,806

Middle-Earners Revenue

Occupancy

50%

Middle-Earners Occupancy

Home Value

$436,735

Median Home Sale Price

Top Earners

$76,775

Top-Earners Revenue

Locust Grove

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Locust Grove.

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D

Unfriendly to Investors

Locust Grove Regulations

STRs currently permitted but banned by Sep 1, 2025; heavy anti-STR covenants with penalties; only narrow Board-created exceptions remain; high investor risk.

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About Locust Grove

Locust Grove is a small unincorporated community in Orange County, Virginia, nestled in the rolling Piedmont region of the state. With a population of roughly six thousand residents in the surrounding area, it has a quiet, rural character defined by farmland, forest, and two-lane country roads. The community is best known as a gateway to the Lake Anna region, a popular destination for boating, fishing, and family lake vacations. Locust Grove sits about 25 miles southwest of Fredericksburg and roughly 70 miles southwest of Washington, D.C., making it an accessible rural escape from the busy urban corridor.

A short drive south brings visitors to Lake Anna State Park, one of the most popular outdoor destinations in central Virginia. The park offers a sandy beach for swimming, boat launches onto the lake, fishing, miles of hiking and horseback riding trails, and a small visitor area highlighting the history of the land before it was flooded. The park is roughly ten to fifteen miles from Locust Grove, making it an easy day trip or the centerpiece of a weeklong stay. Visitors can find current conditions and reservation details at the Lake Anna State Park website.

History-minded travelers can head roughly twenty minutes west to Montpelier, the lifelong home of James Madison, the fourth President of the United States and principal architect of the Constitution and Bill of Rights. The restored mansion, the formal Madison gardens, the surrounding woodlands, and the archaeological remains of the enslaved community known as the Mere Distinction of Person give the site a depth that rewards a full-day visit. Hours, ticketing, and event listings are available at the Montpelier website.

Just to the northeast of Locust Grove lies the Wilderness Battlefield, part of the larger Fredericksburg and Spotsylvania National Military Park, where two of the bloodiest engagements of the 1864 Overland Campaign unfolded in dense, second-growth forest. The site offers walking trails, interpretive markers, and a small visitor center that together convey the scale and confusion of the fighting. The same national park connects Locust Grove visitors to several other Civil War battlefields in the region, and additional information is available at the Fredericksburg and Spotsylvania National Military Park website.

Locust Grove's appeal as a short-term rental base comes from its quiet, rural setting balanced against an unusual variety of destinations within a short drive. Guests can spend mornings swimming or boating on Lake Anna, afternoons walking Civil War-era trails, and evenings touring a presidential estate, all while staying in a small community that feels distinctly Virginia. Its position between Fredericksburg, Culpeper, and Charlottesville, and within easy reach of both Washington, D.C., and Richmond, gives short-term rental owners a steady flow of family vacationers, history enthusiasts, and weekenders looking for a slower pace.

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