Millboro, VA

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

25 / 40

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$29,618

Middle-Earners Revenue

Occupancy

48%

Middle-Earners Occupancy

Home Value

$284,939

Median Home Sale Price

Top Earners

$54,628

Top-Earners Revenue

Millboro

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Millboro.

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A

Very Investor friendly

Millboro Regulations

STRs are permitted with no local permitting, licensing, caps, or occupancy/parking mandates in Millboro/Bath County; the only requirements are state-level taxes and safety/health codes, and while future rules may emerge the current environment is very investor-friendly.

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About Millboro

Millboro is a small unincorporated community nestled in the Allegheny Highlands of western Virginia, within Bath County, one of the least populated and most rural counties in the state. The community sits along the Jackson River and serves as a quiet gateway to the historic resort country of Bath County, which includes the nearby villages of Warm Springs and Hot Springs. With Bath County's total population of roughly 4,200 residents spread across a vast, mountainous landscape, the area has a tranquil, off-the-beaten-path character that draws visitors looking for fresh mountain air, scenic drives, and outdoor recreation. Millboro is located approximately 60 to 70 miles northwest of Roanoke, the nearest major city, with a drive time of about an hour and a half along winding mountain roads.

Just south of Millboro, Douthat State Park is one of Virginia's original state parks, established in 1936, and remains a marquee destination for outdoor enthusiasts. The park features a 50-acre lake suitable for fishing, paddling, and swimming, more than 40 miles of trails for hiking and mountain biking, and a full-service campground. From Millboro, the park entrance is roughly a 20- to 25-minute drive, making it a convenient day trip or a multi-day base for guests who want to spend their time on the trails and water.

A short drive east of Millboro brings visitors to the historic Omni Homestead Resort in Hot Springs, a property with roots going back to the 18th century and a long tradition of hosting presidents, royalty, and travelers escaping to the mountains. The resort features two historic golf courses, a sprawling spa, ski slopes, hiking opportunities, and multiple dining outlets, and the surrounding town retains a quaint, low-key feel anchored by the cascading warm springs that give the area its name. The drive from Millboro to the Homestead is approximately 20 to 25 minutes.

Nearby Warm Springs is home to the Jefferson Pools, historic spring-fed bathhouses reputedly visited by Thomas Jefferson and still in operation today. The simple, time-worn bathhouses sit beside a quiet country lane and offer visitors a chance to soak in naturally heated mineral waters at one of the oldest spa establishments in the country. From Millboro, the pools are roughly a 15- to 20-minute drive and pair easily with a visit to the Homestead or a meal at one of the small inns in Warm Springs.

For owners of short-term rentals, Millboro's appeal lies in its combination of seclusion and proximity to some of Virginia's most distinctive attractions. Guests can return each evening to a quiet rural setting far from chain hotels and traffic, while remaining within easy reach of a celebrated state park, a storied mountain resort, and naturally heated mineral baths. The area's year-round draw, including summer hiking, fall foliage, and winter skiing at the Homestead, gives the region a steady, season-spanning calendar of visitors looking for a genuine escape into the Allegheny Mountains.

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