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  4. Luray

Luray, Virginia

Short-Term Rental Market Data & Investment Analysis

Luray, Virginia Short-Term Rental Market

Luray, VA STR listings averaged $244/night at 49.5% occupancy in April 2026, anchored by Luray Caverns and Shenandoah Valley tourism.

Quick Answer: Luray, Virginia is an active short-term rental market. average occupancy in the Shenandoah Valley market area is 53%. average monthly revenue in the Shenandoah Valley market area is $3,923. average daily rate in the Shenandoah Valley market area is $262. the top operator in the Shenandoah Valley market area is Evolve with 130 listings. market score is 98/100 (grade A).

Avg Monthly Revenue
$3,923
↑ 4.8% YoY
53%
Occupancy
↑ 2.4% YoY
$262
Avg Daily Rate
↑ 3.1% YoY
54.9 days avg lead time3.5 avg length of stay

Market data reflects the Shenandoah Valley regional market, which includes Luray. Regulations, taxes, and permit details below are specific to Luray.

Market Score Breakdown

Five dimensions StaySTRA evaluates per market.

Regulation76
Seasonality93
Investability90
Rental Demand77
Revenue Growth77

Market Overview

Luray’s short-term rental market in Page County, Virginia operates across approximately 4,395 active listings in the Shenandoah Valley. In April 2026, listings averaged $243.67 per night with 49.5% occupancy, generating an average of $3,353 per listing per month. RevPAR stood at $120.63.

The market is dominated by entire-place listings, which account for 4,108 of 4,395 listings (93.5%). Private rooms represent 6.5% (285 listings), and shared rooms are minimal at two properties. By bedroom count, supply is relatively balanced across smaller configurations: one-bedroom properties total 1,204 (27.5% of bedroom-tracked listings), two-bedrooms 1,052 (24.0%), three-bedrooms 1,123 (25.6%), four-bedrooms 575 (13.1%), and five-plus-bedroom properties 430 (9.8%).

Airbnb is the dominant distribution channel. Of 4,395 listings, 1,900 are Airbnb-exclusive, 2,216 are listed on both Airbnb and VRBO, and 279 are VRBO-only.

Year-over-year, occupancy declined 3.24 percentage points while ADR rose 3.42% and revenue grew 2.80%, indicating pricing power is partially offsetting softer demand. The market’s overall investment score of 97.86 (investability: 89.81, seasonality: 93.20) reflects strong fundamentals relative to comparable rural destination markets.

Seasonal Patterns

Monthly seasonal data for Luray, Virginia
MonthOccupancy
Jan39%
Feb43%
Mar45%
Apr52%
May51%
Jun54%
Jul60%
Aug58%
Sep49%
Oct57%
Nov50%
Dec45%

Month-by-month nightly rates and revenue figures for Luray are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Top Short-Term Rental Operators in Shenandoah Valley market area

Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Shenandoah Valley market as a whole, which includes Luray, so these counts are not Luray-only figures.

#OperatorListingsReviewsRating
1Evolve1308,129★ 4.69
2TripForth1233,960★ 4.62
3Bryce Mountain Escapes1021,303★ 4.71
4Be Still Getaways514,986★ 4.92
5Vacay Away Vacation Rentals402,965★ 4.53

What Kind of STR Should I Buy in Luray?

Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Luray are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Booking Channel Mix

Distribution of bookings across major STR platforms.

Channel mix
ChannelShare
airbnb43.2%
vrbo6.3%
both50.4%

Investment Analysis

The full investment analysis for Luray — gross-yield math against current home values, plus 5-year monthly revenue, nightly-rate, and occupancy trend charts — is available to StaySTRA Pro members and updates monthly. The figures shown elsewhere on this page are the free market snapshot.

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Home Value Trends (Luray)

Typical home values, median sale prices, and the 10-year price trend for Luray are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Booking Insights

Booking-window and length-of-stay analysis for Luray — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Short-Term Rental Regulations

Short-term rentals are legal in the Town of Luray but require a discretionary Special Use Permit granted by the Planning Commission and Town Council after a public hearing. There is no by-right operating path: each application is reviewed case-by-case with neighbor input and the concentration of existing lodging houses on the same street as key factors.

Approved SUPs typically carry standard conditions: a maximum of six guests, off-street parking for all guest vehicles, and a single identification sign no larger than four square feet. Operators must also obtain a Town of Luray business license and register for state and local taxes. There is no documented owner-occupancy or primary-residence requirement and no town-wide cap on the number of permits.

The Town’s Transient Occupancy Tax is 6%, raised from 5% in April 2022. This rate applies to properties within town limits. Properties in unincorporated Page County fall under the county’s separate 10% TOT rate.

On March 10, 2025, the Town Council adopted a lodging house resolution (passed 4-1) formalizing SUP evaluation criteria covering neighborhood impact, concentration of existing lodging houses, and the applicant’s compliance history. A possible zoning ordinance amendment (Article V, Section 519) was referred to the Planning Commission for public hearing. No numeric cap or blanket ban was imposed. Enforcement severity is rated moderate, with unregistered operators flagged for operating without licenses or remitting TOT.

Market Comparison

The U.S. STR market median occupancy runs near 55% and median ADR near $220. Luray’s April 2026 occupancy of 49.5% sits below the national median, while its $244 ADR exceeds it. RevPAR of $120.63 reflects the occupancy gap. The market’s overall score of 97.86 places it in the top tier of comparable rural destination markets, with investability at 89.81 and seasonality at 93.20. Rental demand (77.24) and regulation scores (75.50) are more moderate, reflecting the permit-by-hearing entry requirement.

Among professional operators, Evolve leads with 130 listings and 8,129 reviews at a 4.69 average rating. TripForth is a close second at 123 listings and 3,960 reviews (4.62 rating). Bryce Mountain Escapes manages 102 listings with a 4.71 average rating. Together these three operators account for approximately 355 listings, or about 8.1% of the market’s estimated 4,395 total listings.

The presence of established regional and national PMs means independently operated listings compete against a well-resourced operator base, setting a high bar on cleanliness, guest communication, and listing quality.

Frequently Asked Questions About Luray, Virginia

What is the average daily rate for STRs in Luray, VA?
Luray short-term rentals average $262 per night across all listing types. Nightly-rate breakdowns by property tier are available with StaySTRA Pro.
What occupancy rate can STR investors expect in Luray?
The April 2026 occupancy rate was 49.5%. Historically, July is the peak month at 59.7% average occupancy, and January is the slowest at 38.5%. The 2025 annual average was 48.8%.
How much revenue do STRs generate in Luray per month?
Across all listing types, Luray short-term rentals average $3,923 per month. Breakdowns by property type, bedroom count, and season are available with StaySTRA Pro, or run a free address-level estimate with the StaySTRA Analyzer.
Do I need a permit to operate a short-term rental in Luray, VA?
Yes. The Town of Luray classifies STRs as lodging houses, which require a Special Use Permit approved by the Planning Commission and Town Council after a public hearing. Operators also need a town business license. The Town’s Transient Occupancy Tax is 6% within town limits. Properties in unincorporated Page County pay the county’s 10% TOT rate instead.
What drives demand for STRs in Luray?
Luray Caverns draws roughly 500,000 visitors annually and is eastern America’s largest cavern system. Shenandoah National Park, Skyline Drive, and the Shenandoah River provide additional outdoor recreation demand. Most visitors are drive-market travelers from the Washington D.C. and Mid-Atlantic corridor.
When is the peak season for STRs in Luray?
Occupancy in Luray peaks in Jul (60%) and is softest in Jan (39%). Month-by-month rate and revenue figures are available with StaySTRA Pro.
Who are the largest property managers in the Luray STR market?
Evolve leads with 130 listings and a 4.69 average rating (8,129 reviews). TripForth operates 123 listings (4.62 rating, 3,960 reviews). Bryce Mountain Escapes manages 102 listings with a 4.71 rating.
Luray, VirginiaRev $3,923ADR $262Occ 53%Score A (98)

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Table of Contents

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Quick Facts: Shenandoah Valley market area

Avg Daily Rate
$262
Occupancy Rate
53%
Avg Revenue/Mo
$3,923
Luray Population
4,827

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