Suffolk, VA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Suffolk short-term rental market based on reliable data.
Listings
13 / 55
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$28,632
Middle-Earners Revenue
Occupancy
49%
Middle-Earners Occupancy
Home Value
$372,173
Median Home Sale Price
Top Earners
$44,861
Top-Earners Revenue
Suffolk
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Suffolk.
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Very Investor friendly
Suffolk Regulations
Suffolk permits STRs citywide with no city-specific permitting, caps, or lodging taxes, and the city’s tone is permissive. A simple local business license plus standard Virginia sales tax and safety compliance are required, and enforcement is light, keeping investor burden minimal.
Local STR Agent
STR specialist · Suffolk, VA
About Suffolk
Suffolk is an independent city in Virginia, United States. As of 2020, the population was 94,324. It is the 10th-most populous city in Virginia, the largest city in Virginia by boundary land area as well as the 14th-largest in the country. Suffolk is located in the Hampton Roads metropolitan area. This also includes the independent cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, and Virginia Beach, and smaller cities, counties, and towns of Hampton Roads. With miles of waterfront property on the Nansemond and James rivers, present-day Suffolk was formed in 1974 after consolidating with Nansemond County and the towns of Holland and Whaleyville. The current mayor (as of 2021) is Mike Duman.