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The highest-performing listings in Newport.
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Generally Investor friendly
Short‑term rentals are explicitly allowed in most zones of Pearisburg (Giles County) with a clear business‑license and registration process, and the city provides a straightforward framework without caps. However, investors must obtain multiple permits (zoning, fire, life‑safety, structural, certificate of occupancy) and comply with ongoing inspections, which adds a moderate compliance burden that keeps the rating in the friendly (B) range.
Local STR Agent
STR specialist · Newport, VA
Newport is a small, unincorporated community in Giles County, in the southwestern corner of Virginia, nestled in the Appalachian Mountains along the New River. With a population of roughly a few hundred residents, the community has a quiet, rural character defined by forested ridges, river bluffs, and the steady flow of the New River that has shaped life in the region for generations. It is best known as a gateway to outdoor recreation in Giles County and to the scenic New River, one of the oldest rivers in the world and a designated National Wild and Scenic River. Newport sits about 65 miles west of Roanoke, the nearest major city, and roughly 25 miles southwest of Blacksburg, home to Virginia Tech.
One of the closest marquee draws to Newport is Mountain Lake, located in nearby Pembroke, about a 15-minute drive south. Famous as the filming location for the 1987 movie "Dirty Dancing," the lake sits at the top of Salt Pond Mountain and is surrounded by the Mountain Lake Wilderness, offering hiking trails, a historic hotel, and sweeping Allegheny Mountain views. It remains one of the most photographed natural sites in the region.
Just a few miles downstream of Newport, the New River itself is a major attraction for visitors. Anglers come for smallmouth bass and muskie fishing, while paddlers and tubers float calmer stretches in summer. Public access points and outfitters are scattered along the corridor between Newport and Pembroke, and the river's gentle pace makes it approachable for families and casual recreationists.
A short drive east of Newport brings visitors to Cascade Falls, a 66-foot cascade tucked in a shaded hemlock gorge on the Cascades Recreation Area. The hike to the falls is roughly a four-mile round trip and rewards visitors with a dramatic curtain of water that has long drawn hikers and photographers. The trailhead is about 20 minutes from Newport, making it an easy half-day outing for guests staying in the area.
To the south, the Jefferson National Forest covers much of the surrounding high country, laced with segments of the Appalachian National Scenic Trail, and offering additional hiking, camping, and backcountry drives for those willing to explore deeper into the ridges and hollows.
Newport appeals to short-term rental owners because it sits at the intersection of several appealing visitor markets: Appalachian Trail through-hikers, fly-fishing and paddling travelers on the New River, foliage-seekers in autumn, and weekend visitors exploring Mountain Lake and the surrounding national forest. Its proximity to Blacksburg, Radford, and Roanoke provides a steady undercurrent of academic, family, and event-driven travel, while the setting itself feels a world apart from Virginia's busier tourist corridors, making it an attractive base for travelers looking for quiet, scenic mountain experiences.