Airbnb City Guide: The Best Places To Invest in Huddleston, Virginia

Airbnb Rules and Regulations in Huddleston, Virginia

As of 2024, Airbnb hosts in Huddleston, Virginia, must adhere to several key regulations. Firstly, a new state law requires rental intermediaries like Airbnb to submit monthly reports to localities detailing their listings' addresses and gross receipts. Additionally, hosts have the flexibility to set their own pet policies, but they should clearly communicate the number and types of pets allowed, as well as any associated fees, in their listing descriptions and house rules.

Smoking is strictly prohibited inside Airbnb properties, although hosts may designate outdoor smoking areas away from the main property. Some hosts have also faced criticism for overly strict house rules that appear to discriminate based on age, such as early noise curfews and deep cleaning requirements, highlighting the need for hosts to strike a balance between maintaining their properties and providing a welcoming experience for guests.

Huddleston Airbnb Market Data:

• Average Revenue – $38.4K per year
• Average Daily Rate – $244.5 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $107.5
• Average Home Prices – $479,764

1. Top Place to Invest in Huddleston, Virginia - Smith Mountain Lake

Nestled in the heart of Virginia's Blue Ridge Mountains, Smith Mountain Lake has emerged as a premier destination for Airbnb investors seeking a picturesque and thriving location. This man-made lake, spanning 20,600 acres, offers a perfect blend of natural beauty and recreational opportunities, making it an attractive choice for Airbnb rental startups

Smith Mountain Lake Airbnb Market Data:

• Average Revenue – $38.4K per year
• Average Daily Rate – $244.5 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $107.5

Convenience - 7/10

Smith Mountain Lake's proximity to major cities like Roanoke and Lynchburg provides travelers easy access while maintaining a sense of tranquility. The area boasts well-maintained roads and a range of amenities, including grocery stores, restaurants, and shops, opening the way for local partnerships while also ensuring a convenient and enhanced stay for guests.

Tourist Attractions - 8/10

The lake itself is the primary draw, offering a wide array of water activities such as boating, fishing, and swimming. Visitors can also explore the Smith Mountain Lake State Park, which features hiking trails, beaches, and stunning vistas. The nearby Booker T. Washington National Monument and the National D-Day Memorial add historical depth to the area's appeal.

Things to Do - 9/10

Smith Mountain Lake has no shortage of activities for all ages, from water sports and golfing to wine tasting and outdoor adventures. The region hosts numerous local festivals and events throughout the year, including the popular SML Wine Festival and the Smith Mountain Lake Charity Home Tour, drawing in diverse crowds.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home price in Smith Mountain Lake is $450,000, with waterfront properties commanding higher premiums. While this may seem steep compared to some markets, the potential for strong rental income and steady appreciation makes it a worthwhile investment for those looking to purchase homes to transform into Airbnbs. In the past year, home prices in the area have appreciated by 4.2%, indicating a stable and growing market.

Proximity to Work-Related Travel - 5/10

Although Smith Mountain Lake is primarily a leisure destination, it does offer some access to work-related travel. The Roanoke-Blacksburg Regional Airport is about an hour's drive away, and the area is home to a few smaller medical facilities. However, major convention centers and sports venues are further afield, which may limit its appeal to business travelers.

X-Factor - 8/10

What sets Smith Mountain Lake apart is its unique combination of natural splendor and community spirit. The lake's 500 miles of shoreline are dotted with charming waterfront homes, creating a sense of exclusivity and serenity. The tight-knit local community is known for its friendliness and events that showcase the best of the region, making it a memorable and inviting destination for visitors.

2. Top Place to Invest in Huddleston, Virginia - Lakefront Areas

Huddleston, Virginia's lakefront areas have become increasingly attractive to Airbnb investors looking to capitalize on the growing demand for waterfront properties. With stunning views, easy access to water activities, and a serene atmosphere, these areas offer a unique investment opportunity for those seeking to enter the short-term rental market.

Lakefront Areas Airbnb Market Data:

• Average Revenue – $38.4K per year
• Average Daily Rate – $244.5 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $107.5

Convenience - 6/10

While lakefront properties in Huddleston offer a tranquil escape, they may be slightly less convenient than more centrally located areas. Access to amenities such as grocery stores and restaurants may require a short drive, but the trade-off is a more secluded and peaceful setting that many guests find appealing.

Tourist Attractions - 7/10

The primary draw for lakefront areas in Huddleston is, of course, the lake itself. Smith Mountain Lake provides a wide range of water-based activities, from fishing and boating to swimming and paddleboarding. The surrounding natural beauty, including hiking trails and scenic overlooks, adds to the allure for outdoor enthusiasts.

Things to Do - 7/10

Lakefront areas offer plenty of opportunities for water sports and outdoor recreation. Guests can rent boats, kayaks, or jet skis, or simply relax on the shore. Nearby attractions like wineries, golf courses, and state parks provide additional options for entertainment and exploration.

Average Home Prices - 5/10

Zillow data for 2024 indicates that the median home price for lakefront properties in Huddleston is $550,000, reflecting a premium for waterfront access and views. While this may present a higher barrier to entry for investors, the potential for strong rental income and appreciation can justify the investment. In the past year, lakefront home prices have appreciated by 3.8%, suggesting a stable market.

Proximity to Work-Related Travel - 4/10

Lakefront areas in Huddleston are primarily geared towards leisure travelers and may not be as convenient for work-related trips. The nearest major airport, Roanoke-Blacksburg Regional Airport, is about an hour's drive away, and the area lacks major convention centers or sports venues. However, the growing trend of remote work may make this less of a concern for some guests.

X-Factor - 9/10

The undeniable x-factor for lakefront areas in Huddleston is the stunning natural beauty and tranquility they offer. Waking up to a serene lake view and enjoying a morning coffee on the dock is an experience that many guests are willing to pay a premium for. The laid-back atmosphere and opportunities for outdoor recreation create a unique and memorable stay that keeps visitors coming back.

3. Top Place to Invest in Huddleston, Virginia - Eagle's Roost

Nestled along the shores of Smith Mountain Lake, Eagle's Roost in Huddleston, Virginia, has emerged as a hidden gem for Airbnb investors. This picturesque campground and surrounding area offer a unique blend of natural beauty, recreational opportunities, and investment potential, making it an attractive choice for those looking to launch their own short-term rental business.

Eagle's Roost Airbnb Market Data:

• Average Revenue – $38.4K per year
• Average Daily Rate – $244.5 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $107.5

Convenience - 6/10

While Eagle's Roost itself provides a tranquil escape, the surrounding area offers a fair level of convenience. Graves Mill Shopping Center is nearby, providing access to essential amenities, and the location is convenient to US-221 and the Lynchburg Expressway. However, investors may need to venture further afield for more extensive shopping and dining options.

Tourist Attractions - 8/10

Eagle's Roost's primary draw is its stunning Smith Mountain Lake location. Visitors can enjoy a range of water activities, from fishing and boating to swimming and paddleboarding. The campground offers nature lovers a serene haven, with opportunities for hiking, birdwatching, and simply enjoying the breathtaking sunrises over the lake.

Things to Do - 7/10

In addition to the lake activities, Eagle's Roost and the surrounding area provide a variety of things to do. Guests can explore nearby wineries, golf courses, and state parks. The campground also offers its own entertainment and activities, ensuring a fun-filled stay for visitors. However, for those seeking more urban attractions, options may be limited.

Average Home Prices - 7/10

According to Zillow data for 2024, the typical home value in Huddleston, VA, is $479,764, with a 4.3% increase over the past year. Waterfront homes in the Eagle's Roost area command higher prices, with an average of $375,000 for condos and even higher prices for single-family homes. While these prices may present a higher barrier to entry, the potential for strong rental income and appreciation makes it a worthwhile investment.

Proximity to Work-Related Travel - 4/10

Eagle's Roost is primarily a leisure destination and may not be the most convenient for work-related travel. The nearest major airport is Roanoke-Blacksburg Regional Airport, about an hour's drive away. The area lacks major convention centers and sports venues, which may limit its appeal to business travelers. However, the growing trend of remote work may mitigate this concern for some investors.

X-Factor - 9/10

What sets Eagle's Roost apart is its unparalleled natural beauty and serene atmosphere. The campground's location beneath live oaks and along the shores of Smith Mountain Lake creates a truly enchanting setting. Watching bald eagles soaring overhead and enjoying stunning sunrises over the water adds to the area's unique charm and appeal.