Berkeley Springs, WV

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

328 / 496

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$37,450

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$320,827

Median Home Sale Price

Top Earners

$73,828

Top-Earners Revenue

Berkeley Springs

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Berkeley Springs.

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C

Challenging to Investors

Berkeley Springs Regulations

While STRs are explicitly allowed in most areas without caps, the licensing requirements implemented in March 2024 have conflicting information that investors must verify with local authorities, creating regulatory uncertainty. The requirement for state sales tax registration, potential local occupancy taxes, and multiple compliance steps, combined with the need to verify the current licensing process, makes this a challenging environment for investors despite the supportive tone and reasonable enforcement approach.

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About Berkeley Springs

Berkeley Springs is a small historic town in Morgan County, in West Virginia's Eastern Panhandle, with a population of roughly 600 to 700 residents. Long celebrated for its naturally warm mineral springs, the town has served as a spa destination since the colonial era — George Washington reportedly bathed in the springs as a young surveyor — and it still trades on that legacy as a quiet, artsy getaway. Surrounded by the ridgelines of the Appalachian Mountains, Berkeley Springs also functions as a gateway to the broader outdoor recreation of the West Virginia highlands. It sits approximately 90 miles northwest of Washington, D.C., a drive of roughly an hour and a half, and it is also within easy reach of Baltimore and northern Virginia.

A natural starting point for any visit is Berkeley Springs State Park, which encompasses the original springs and the historic bathhouses that have drawn visitors for more than two centuries. The park sits in the heart of town, so guests can walk from most local inns and rentals to soak in the mineral waters. Beyond the baths, the park offers a small museum about the springs' history and a handful of walking paths, making it as much a cultural attraction as a wellness one.

Just a few miles south of town, Cacapon State Park opens up a wider swath of the West Virginia outdoors. The park spans several thousand acres of hardwood forest and is home to a 6-acre lake, a Robert Trent Jones-designed golf course, horseback riding stables, and miles of hiking trails. A scenic drive of roughly fifteen to twenty minutes from Berkeley Springs, Cacapon is where guests tend to head when they want a full day of mountain recreation — fishing, picnicking, or simply enjoying fall foliage from the overlook near the summit of Cacapon Mountain.

For something more unusual, Ice Mountain lies just outside town in northern Morgan County and offers a glimpse of one of the region's most unusual natural features. The site is a series of talus slopes where frigid air trapped among the boulders keeps water and ice frozen through the heat of summer, a phenomenon rare this far south. Short walking paths lead to viewing areas, and the area is managed as a nature preserve, so visitors are asked to stay on marked trails. It is a quick fifteen-minute drive from downtown and tends to appeal to hikers and curious travelers looking for something beyond the typical scenic stop.

Berkeley Springs makes a compelling base for short-term rentals because it pairs a genuine, walkable historic town — antique shops, art galleries, and the spring-fed bathhouses — with easy access to the forests, lakes, and ridgelines of the West Virginia mountains. Its proximity to the Washington, D.C. metro area, combined with its small-town character and the year-round appeal of its springs and nearby state parks, gives it the kind of mixed leisure market that supports a healthy short-term rental economy through every season.

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