Suffolk, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

13 / 61

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$27,832

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$388,793

Median Home Sale Price

Top Earners

$44,205

Top-Earners Revenue

Suffolk

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Suffolk.

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A

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.

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About Suffolk

Suffolk, Virginia is an independent city in the Commonwealth of Virginia, situated in the Hampton Roads region of southeastern Virginia. With an approximate population of around 95,000 residents, Suffolk covers an unusually large land area, making it one of the biggest cities by square mileage in the state. The city has a quiet, suburban-to-rural character that blends historic small-town charm with newer residential and commercial development, and it is widely associated with its agricultural heritage, particularly as a longtime center of peanut production in the United States. Suffolk lies roughly 25 miles southwest of Norfolk, the nearest major city, and sits within easy driving distance of Virginia Beach, Hampton, Newport News, and the broader Tidewater region.

One of the defining natural features near Suffolk is the Great Dismal Swamp National Wildlife Refuge, a vast protected expanse of forested wetlands that spills across the Virginia–North Carolina border. The refuge offers boardwalk trails, wildlife observation, and a glimpse into the historic landscape that once sheltered people escaping slavery through the Underground Railroad. The main visitor areas lie within about 20 to 30 minutes' drive of central Suffolk, depending on which part of the city travelers are coming from.

In the heart of downtown, Riddick's Folly House Museum stands as one of Suffolk's most distinctive historic landmarks. The 1837 Greek Revival mansion has been preserved and opened to the public as a museum showcasing period furnishings and local history. It is within walking distance of many downtown accommodations and serves as a quiet cultural anchor for visitors exploring the historic district.

The surrounding Olde Towne area includes Constant's Wharf Park and Marina on the Nansemond River, where visitors can enjoy riverfront walks, small-craft docking, and views of the working waterway. Just steps away, the restored Seaboard Station, a former nineteenth-century railroad depot, hosts the local visitor center and serves as a popular gathering point for events, markets, and seasonal celebrations in the historic core.

For broader day trips, Suffolk's position in the Hampton Roads region puts the Atlantic beaches of Virginia Beach within roughly 45 minutes to an hour by car, while the cultural and maritime attractions of Norfolk, Hampton, and Williamsburg are similarly within easy reach. The combination of small-town character, agricultural identity, and proximity to the larger coastal Virginia draws makes Suffolk a versatile base for short-term rentals, appealing to visitors who want a quieter stay without giving up access to the region's bigger attractions.

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