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Richmond, VA
Challenging To Investors
Local STR Agent

Short-term rentals ARE ALLOWED in Richmond, VA under specific regulations that were adopted by City Council on September 25, 2023, through Ordinance No. 2023-235. Richmond permits short-term rentals as both principal and accessory uses to dwelling units or permitted accessory dwelling units, with comprehensive requirements designed to balance economic opportunities with community safety and neighborhood preservation.
Short-Term Rental Owner Affidavit
Dimensioned Floor Plan including:
Proof of Primary Residency
This guide provides comprehensive information for short-term rental investors considering the Richmond market. The city's regulatory framework is well-established with clear requirements, reasonable operational limits, and defined processes for both application and enforcement. The $600 biennial fee and one STR per lot limit in residential areas represent moderate barriers to entry while maintaining neighborhood character. Investors should ensure full compliance with all safety requirements and consider the operational benefits of no parking requirements and unlimited nightly operation capacity.



Richmond, Virginia, the capital city of the Commonwealth of Virginia, boasts a rich historical heritage and a vibrant urban environment. As of the latest estimates, the city has a population of approximately 226,000 people. It is located about 100 miles south of Washington, D.C., making it an accessible location for both residents and visitors looking to explore the broader region.
Richmond is renowned for its historical landmarks, such as the Virginia State Capitol, designed by Thomas Jefferson (www.virginiacapitol.gov/), and the American Civil War Museum (acwm.org/), which offers deep insights into the city’s role in American history. Additionally, the city is home to the famous Hollywood Cemetery (www.hollywoodcemetery.org/), where numerous notable figures, including Presidents James Monroe and John Tyler, are buried.
For those inclined towards arts and culture, the Virginia Museum of Fine Arts (www.vmfa.museum/) stands out with its extensive collection of art spanning various periods and genres. Outdoor enthusiasts can enjoy the scenic beauty of the James River Park System (jamesriverpark.org/), which offers a variety of recreational activities such as hiking, biking, and kayaking.
Richmond’s eclectic neighborhoods, including Shockoe Bottom, Carytown, and the Fan District, offer diverse dining, shopping, and entertainment options that cater to a range of tastes. These areas are particularly favorable for short-term rentals as they provide visitors with a holistic living experience, combining convenience, culture, and community.
Considering its historical significance, diverse attractions, and proximity to major cities, Richmond, VA, presents a compelling appeal for those considering short-term rentals, whether for leisure or work-related travel.
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