Basye, Virginia Short-Term Rental Market
Basye, VA STRs averaged $244/night at 49.5% occupancy in April 2026, with a market total score of 97.83 out of 100.
Quick Answer: Basye, Virginia is an active short-term rental market. average occupancy is 49%. average monthly revenue is $3,352. average daily rate is $244. the top operator is Evolve with 129 listings. market score is 98/100 (grade A).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Basye is a small mountain resort community of 1,374 residents in Shenandoah County, Virginia, anchored by Bryce Resort and drawing primarily drive-market visitors from the Washington, D.C. metro area roughly 115 miles east. The STR market holds approximately 4,389 active listings, large relative to the permanent population. In April 2026, the average daily rate was $243.80 and occupancy ran at 49.5%, producing a RevPAR of $120.61 and average monthly revenue of $3,352 per listing.
Year-over-year, ADR grew 3.45% and revenue grew 2.87% compared to the same month one year prior, while occupancy dipped 3.22%. That combination, higher rates with modestly lower occupancy, reflects pricing maturation in a supply-rich market rather than demand deterioration.
Entire-place listings dominate at 4,102 units (93.5% of active listings). Private rooms account for 285 listings. One-bedroom properties are the most common at 1,204, followed by three-bedroom (1,121) and two-bedroom (1,049). Four-bedroom (573) and five-bedroom-plus (431) properties represent meaningful supply for groups. Channel distribution shows 2,210 listings on both Airbnb and VRBO, 1,901 exclusively on Airbnb, and 278 exclusively on VRBO.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 39% | $215 | $2,495 |
| Feb | 43% | $216 | $2,399 |
| Mar | 45% | $202 | $2,614 |
| Apr | 52% | $209 | $2,929 |
| May | 52% | $220 | $2,998 |
| Jun | 55% | $223 | $3,315 |
| Jul | 60% | $223 | $3,689 |
| Aug | 58% | $220 | $3,595 |
| Sep | 49% | $215 | $2,838 |
| Oct | 57% | $228 | $3,649 |
| Nov | 50% | $223 | $3,107 |
| Dec | 45% | $223 | $2,913 |
Top Short-Term Rental Operators in Basye
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 129 | 8,089 | ★ 4.69 |
| 2 | TripForth | 123 | 3,943 | ★ 4.62 |
| 3 | Bryce Mountain Escapes | 102 | 1,299 | ★ 4.71 |
| 4 | Be Still Getaways | 51 | 4,957 | ★ 4.92 |
| 5 | Vacay Away Vacation Rentals | 39 | 2,929 | ★ 4.55 |
What Kind of STR Should I Buy in Basye?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,204 |
| 2 bed | 1,049 |
| 3 bed | 1,121 |
| 4 bed | 573 |
| 5 bed | 431 |
ADR by Property Tier
| Entire Home | $251 |
| Luxury | $387 |
| Professionally Managed | $252 |
Revenue by Dwelling Type
| Apartment | $1,776 |
| Entire Place | $3,476 |
| House | $3,706 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 43.3% |
| vrbo | 6.3% |
| both | 50.4% |
Investment Analysis
Basye scores 97.83 out of 100 on the overall market total score, with strong marks across investability (89.84), seasonality (93.15), rental demand (77.19), and revenue growth (77.21). These are among the highest scores in the dataset, reflecting a well-performing, multi-season resort market with clear demand drivers and limited regulatory friction.
At the April 2026 average revenue of $3,352 per listing, the annualized run rate is approximately $40,228. Against a typical home value of $338,135, that implies a gross yield of approximately 11.9% before expenses. With only 14 homes listed for sale in the most recent housing snapshot, inventory is extremely constrained, which supports prices and limits acquisition opportunities.
The ADR tier differential shows meaningful upside: all-listings average is $243.80, entire-home properties average $251.46 (essentially at market), professionally managed properties average $251.51, and the luxury tier commands $387.44. That $143 spread between all-listings and luxury ADR indicates well-positioned large properties can substantially outperform the market average. House-type listings averaged $3,706/month in revenue compared to $3,476 for entire-place listings broadly and $1,776 for apartment-type listings.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Basye guests book an average of 43.83 days in advance (roughly six weeks). This lead time is consistent with weekend getaway planning from the D.C. metro area, where guests secure ski weekends and fall foliage trips well ahead of desired dates. For hosts, the six-week window is the primary revenue management opportunity: rate adjustments in that window capture committed demand before it converts elsewhere.
The average length of stay is 3.17 nights, slightly above a standard weekend. That fraction above two nights suggests a meaningful share of three-night stays (long weekends, Monday holidays) alongside standard Friday-to-Sunday bookings. Turnover strategy should account for approximately 8 to 9 booking cycles per month at full occupancy. Minimum-stay policies of 3 nights on peak weekends align with the data.
Short-Term Rental Regulations
Shenandoah County, Virginia permits short-term rentals with an annual zoning permit of $225 for properties renting four bedrooms or fewer. This applies across residential, agricultural, and commercial zones (C-1, A-1, R-1, R-2, R-3, R-4, B-1, B-2). Properties with more than four bedrooms, or non-dwelling structures used for rental, require a Special Use Permit with a $500 non-refundable fee, plus public noticing costs and a hearing before the Planning Commission and Board of Supervisors.
All operators must collect and remit a 5% Transient Occupancy Tax (effective October 1, 2023, raised from 2%), with monthly returns due by the 20th of each month including zero-revenue months. A mandatory life-and-safety inspection is required before approval, and properties on septic must clear Virginia Department of Health review. There is no owner-occupancy or primary-residence requirement for standard whole-home STRs. Stays are capped at 30 consecutive days per guest.
As of early 2025, the county had identified approximately 508 STR properties, with roughly nine in ten permitted or working through compliance. Enforcement severity is rated moderate. The Planning Commission held work sessions in 2024 and early 2025 on potential new rules covering property manager response time and complaint inspection protocols.
Market Comparison
Nationally, median STR occupancy is approximately 55% and median ADR is approximately $220. Basye’s April 2026 occupancy of 49.5% is modestly below the national median, while its ADR of $243.80 runs above it. The RevPAR of $120.61 is close to what a 55%-occupancy market at $220 ADR would produce ($121), meaning the market is broadly competitive on revenue output despite somewhat soft occupancy.
Basye’s overall market score of 97.83 out of 100 places it among the top-rated markets in the dataset, driven by the seasonality score of 93.15 and investability score of 89.84. The annual revenue growth score of 77.21 is consistent with the 2025 ADR trend (ADR grew from $241 in 2024 to $251 in 2025 on an annual basis).
Among top operators, Evolve leads with 129 listings and a 4.693 rating. TripForth is close behind with 123 listings (rating 4.619). Bryce Mountain Escapes holds 102 listings (4.710) and Be Still Getaways manages 51 listings with the highest rating in the top five at 4.923. The presence of a local specialist, Bryce Mountain Escapes, alongside national platforms indicates this market supports both local expertise and platform-scale management.
Frequently Asked Questions About Basye, Virginia
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