Onancock, Virginia, is experiencing robust short-term rental performance, with an average occupancy rate of 44%, a daily rate of $259, and a monthly revenue of $22,506, making it an attractive investment opportunity.
Thriving Short-Term Rental Market in Onancock, Virginia
Onancock, Virginia, is experiencing a robust short-term rental market, making it an attractive destination for investors and travelers alike. The area boasts an impressive 44% occupancy rate for short-term rentals, indicating a strong demand for these properties. Additionally, the average daily rate for these rentals stands at $259, contributing to a substantial monthly revenue of $22,506. These statistics highlight the lucrative potential of investing in short-term rentals in Onancock, with its favorable occupancy and revenue figures making it a promising venture for those in the vacation rental industry.
Short-Term Rental Regulations in Onancock, Virginia for 2024
State and Local Regulations
Registration Requirements
- A statewide short-term rental registry has been established, requiring accommodations providers and intermediaries to register with the Department. Providers must provide their name and the address of each property offered for short-term rental.
Taxation
- Hosts must collect a 5.3% sales tax on all bookings, which is remitted to the Virginia Department of Taxation. Additional county or city taxes may apply, and hosts should consult with a local tax professional to ensure compliance.
General Rental Property Regulations
- Hosts must comply with general rental property regulations, including maintaining the safety and cleanliness of the property and adhering to noise and nuisance ordinances.
Zoning and Land Use
- Localities are prohibited from requiring a special exception, special use, or conditional use permit for the use of a residential dwelling as a short-term rental if the dwelling unit is also legally occupied by the property owner as their primary residence.
- Localities can establish a short-term rental registry and require operators to register annually, but this registration is ministerial and does not apply to certain licensed professionals or properties already registered under other laws.
Compliance and Penalties
- Accommodations intermediaries must list the unique numerical identifier for each short-term rental on their platform and remove noncompliant listings within seven days of notification. Failure to comply can result in a civil penalty of $1,000.
- Operators who fail to register their properties may face a penalty not to exceed $500 per violation, and repeated violations can lead to prohibition from offering the property for short-term rental.
Local Ordinances
- Onancock does not have specific laws governing short-term rentals, but any future ordinances must comply with state regulations. The town council has discussed revisions to the town law governing homestays, but no major changes have been implemented as of the last update.
Reporting Requirements
- Accommodations intermediaries must provide quarterly reports to the Department, including the unique numerical identifier for each short-term rental, the address of each property, and other specified information.
Top Airbnb Revenue-Generating Neighborhoods in Onancock, Virginia
While specific neighborhood data for Onancock, Virginia, is not extensively detailed in the provided sources, we can infer some insights based on the general appeal and market data of Onancock and similar areas.
Onancock Town Center
- Appeal: Onancock's town center is likely a high-revenue area due to its proximity to local amenities, restaurants, and shops. Guests are often attracted to central locations that offer easy access to town services and cultural experiences.
- Why Appealing: The charm of Onancock's historic town center, with its boutique shops and local eateries, provides a unique and authentic experience for visitors.
Waterfront Areas
- Appeal: Properties located along the waterfront in Onancock are likely to generate significant revenue. Waterfront locations offer scenic views, access to boating and fishing activities, and a tranquil atmosphere.
- Why Appealing: Guests are drawn to waterfront properties for their scenic beauty, recreational opportunities, and the relaxing ambiance they provide.
Historic Districts
- Appeal: Onancock's historic districts, with their well-preserved architecture and historic sites, are attractive to guests looking for a blend of history and comfort.
- Why Appealing: The historic charm and the opportunity to stay in a piece of local history make these areas highly appealing to tourists seeking a unique experience.
Areas Near Outdoor Attractions
- Appeal: Neighborhoods close to outdoor attractions such as parks, trails, and waterways are also likely to be high-revenue areas. Onancock's proximity to natural beauty spots makes it an attractive destination for nature lovers.
- Why Appealing: Guests are drawn to these areas for the easy access to outdoor activities, such as kayaking, hiking, and birdwatching, which are popular in the region.
While specific neighborhood names are not available, these general areas are likely to be the most appealing and revenue-generating for Airbnb investors in Onancock, Virginia.
Creating an Inviting Airbnb in Onancock, Virginia: Design and Furnishing Tips
To craft an Airbnb in Onancock, Virginia, that is both inviting and reflective of the city's unique style, consider the following tips:
Entryway
- First Impressions Matter: Ensure the entryway is welcoming and thoughtfully designed. Add elements like a small console table, a decorative mirror, and some greenery to make guests feel special and valued.
Living Room
- Lighting Control: Incorporate lamps and dimmer switches to provide flexible lighting options. This enhances the ambiance and allows guests to adjust the lighting to their preferences.
- Comfortable Seating: Include soft, clean blankets and pillows with various fill options. A pouf or ottoman can also add a cozy touch.
- Functional Layout: Design the room to facilitate conversation and comfort. Use swivel chairs, occasional tables, and consider a reading nook with a lamp.
- Textural Variety: Mix different textures such as smooth surfaces, linen pillows, and wool blankets to create a more inviting and dimensional space.
Bedroom
- Luxurious Bedding: Use white bedding for a clean and fresh appearance. Add extra bedding layers in the closet for guests to use as needed. Ensure each bed has two bedside tables with lamps, preferably with USB ports or wireless charging features.
- Temperature and Light Control: Install blackout shades and consider adding a ceiling fan for temperature control. This caters to different sleep preferences and enhances comfort.
- Focal Points: If the bedroom has a stunning view, use it as a focal point. Add curtain panels to draw the eyes to the window and use wide nightstands to fill out large walls.
Kitchen
- Contrasting Textures: For the kitchen backsplash, use a handmade textured tile to contrast with smooth cabinets. Add unique hardware like brass fixtures to create dimension.
- Clean and Functional: Ensure the kitchen is well-equipped with necessary appliances and cooking utensils. Opt for easy-to-clean surfaces to maintain a clean and inviting environment.
General Tips
- Balance Budget and Quality: Mix mid-range and budget-friendly pieces to avoid a cheap, one-dimensional look. Invest in key items that enhance comfort and aesthetics.
- Soft Surfaces: Add rugs, chairs, and framed tapestries to introduce soft surfaces that warm up the space and make it more inviting.
- Local Touches: Incorporate local elements such as artwork, decorative items, or even local products (like jams and honey) to reflect the unique style and charm of Onancock, Virginia.
Discover Onancock, Virginia: Local Attractions and Insider Tips
Local Attractions
Historic Sites and Museums
- Ker Place House Museum: A Federal-period Georgian-style mansion with antique furnishings, offering a glimpse into early 19th-century life.
- Hopkins & Bro. Store: A historic commercial building from 1842, now housing an exhibit on Onancock’s mercantile history.
- Watermen’s Museum: Located in the Historic Onancock School Community & Cultural Center, preserving the history of the watermen of Virginia's Eastern Shore.
- Samuel D. Outlaw Blacksmith Shop Memorial Museum: A rare intact blacksmith shop with original tools on display.
Arts and Culture
- North Street Playhouse: The only year-round live theater on Virginia’s Eastern Shore, offering a variety of performances.
- Roseland Theatre: A historic movie theater showing first-run films with 7.1 stereo surround sound and hosting international film events.
- Eastern Shore Art League: Features events, workshops, and exhibits, including the annual Studio Tour and plein-air events.
- Historic Onancock School Community & Cultural Center: Serves as a community events space and gallery for local artists.
Outdoor Activities
- Onancock Creek and Chesapeake Bay: Enjoy kayaking, SUP, or take a ferry to Tangier Island. Spot wildlife like cranes, herons, bald eagles, and osprey.
- Onancock Market: Held every Saturday from May to October, featuring local produce, seafood, and arts and crafts.
Dining and Shopping
- North Street Market: A gourmet food market and kitchen shop with a wide range of culinary delights.
- The Blarney Stone Pub: An Irish pub with live music and traditional dishes along with Chesapeake-inspired seafood.
- Bizzotto’s Gallery-Caffe: Offers freshly prepared food and a gallery of hand-tooled leather items.
- DaVinci’s Italian Kitchen: A restaurant with a cozy atmosphere and Italian cuisine.
Insider Tips
Getting Around
- Parking: Use the large town-owned parking lot in the downtown area, accessible via Market Street and Ames Street.
- Walking: Onancock is highly pedestrian-friendly; park your car and explore the town on foot.
Events and Festivals
- Second Friday Events: Galleries and shops stay open late, featuring special exhibits, activities, and entertainment on the second Friday of each month.
- Annual July 3rd Ice Cream Social: Enjoy patriotic tunes by the Accomack Community Band and other festivities.
Nearby Attractions
- Chincoteague Island: Home of the Assateague National Seashore and the famous Chincoteague ponies, less than an hour’s drive northeast.
- Cape Charles: A bayside town about an hour’s drive to the south, offering additional shopping and dining options.
- Wallops Flight Facility: Visible from downtown Onancock, catch a rocket launch if your visit coincides with one.
Local Favorites
- Corner Bakery: Known for its fresh donuts and other baked goods, a local favorite for breakfast.
- Onancock Wharf: Catch crabs directly from the wharf or enjoy dining at one of the waterside restaurants.
By sharing these attractions and tips, you can help your guests make the most of their visit to Onancock, Virginia, and experience the unique charm of this historic town.
Practical Tips to Run a Successful Short Term Rental Business in Onancock, Virginia
To ensure the success of a short-term rental business in Onancock, Virginia, several practical tips can be implemented to enhance guest satisfaction and comply with local regulations.
Noise Regulations and Guest Communication
Inform guests about quiet hours through clear communication in the listing and a digital house manual. Onancock has noise and nuisance ordinances that must be adhered to, so it is crucial to set expectations for quiet hours to avoid any issues with neighbors.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the town's regulations and any specific rules for the property.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide detailed check-in instructions, including photos of the property and its surroundings, to help guests navigate the area easily.
Parking Instructions
Include parking instructions with photos in the house manual to ensure guests know where to park and how to access the property. This can help prevent confusion and potential parking violations.
By following these tips, you can maintain a high level of service, comply with local regulations, and enhance the overall guest experience in Onancock, Virginia. Regular maintenance, leveraging technology, and providing personalized local tips are also key to standing out in this competitive market.
Here is a brief list of house cleaning services in Onancock, Virginia, based on the available information:
House Cleaning Services in Onancock, VA
Angi
- Lists the top 10 best house cleaners in Onancock, VA, with real reviews and ratings.
HomeAdvisor
- Provides a list of top-rated cleaning services experts in Onancock, VA, along with reviews and ratings.
Care.com
- Offers a list of affordable house cleaning services and individual cleaning ladies in Onancock, VA, starting at $10.00/hr, with details on rates, reviews, and experience.
Homeaglow
- Features top-rated house cleaners near you in Onancock, VA, with professional, affordable, and background-checked services. Initial 3-hour clean starts at $19.
These resources can help you find and evaluate house cleaning services in Onancock, VA.
Short-Term Rental Management Fees in Onancock, Virginia: A Comprehensive Guide
In Onancock, Virginia, managing short-term rentals involves a range of fees that can vary significantly based on the level of service provided. Typically, property management fees for short-term rentals range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 25% of the revenue.
Basic or partial services, which may only include select aspects of management, can be less expensive. Additionally, hosts may incur extra fees for specific services like cleaning, repairs, or interior design and furnishing. For instance, some management companies charge a consumables fee to cover items like linens, toiletries, and other essentials, and there may also be state and local taxes to comply with, such as Virginia's 5.3% sales tax on all bookings. Understanding these fee structures is crucial for property owners to ensure they are getting the best value for their investment.