Fancy Gap, VA Airbnb Market Data, Statistics, and Occupancy Rates

Fancy Gap Short-Term Rental Market Overview

Fancy Gap, VA is a small but intriguing short-term rental market nestled along the Blue Ridge Highlands, with just 39 active Airbnb listings and average annual revenue of $23,782 per property. The market's ADR of $144 sits well below Virginia's $339 state average, but considerably lower property values — averaging $350,436 — create a compelling revenue-to-price ratio for investors seeking affordable mountain getaway properties. Seasonal demand peaks strongly in the fall foliage months, and the compact supply environment means less direct competition for well-positioned listings.

Key Market Statistics

According to Rabbu market data, the Fancy Gap short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Fancy Gap

Investors are drawn to Fancy Gap for its affordable property prices relative to revenue potential and its positioning as a Blue Ridge mountain escape with manageable competition.

Expert Market Assessment

"Fancy Gap presents a moderate opportunity for short-term rental investors who are comfortable with pronounced seasonality and lower overall occupancy. The market's 23% average occupancy rate trails Virginia's 34% state average, and the below-average market growth trend warrants caution — particularly given the 213% surge in new listings. That said, the October peak at $2,763 in average monthly revenue demonstrates meaningful demand during the warmer months, and the gap between winter lows (under $1,000 in January) and summer-fall highs signals that operationally savvy hosts who optimize pricing seasonally can outperform the averages. This is a market best suited for investors with patience and realistic cash-flow expectations."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Fancy Gap

Average revenue by month in Fancy Gap

Fancy Gap exhibits sharp seasonality, with October leading at $2,763 and January bottoming out at just $934 — a nearly 3x spread. Revenue ramps up quickly from March through the summer and stays elevated through November, making the May-to-November window the primary earning season for investors.

Active Airbnb listings by property size in Fancy Gap

Supply is nearly evenly split between 1-bedroom (16) and 2-bedroom (15) listings, with only 6 three-bedroom properties active. The limited 3-bedroom supply could represent an opportunity for investors willing to offer larger accommodations for families or groups visiting the Blue Ridge area.

Average daily rate (ADR) by property size in Fancy Gap

ADR scales modestly with property size, from $121 for 1-bedrooms to $168 for 3-bedrooms — a $47 premium for the extra space. The relatively gentle rate increase suggests that larger properties compete more on capacity and experience than on per-night pricing power alone.

Average RevPAN by property size in Fancy Gap

RevPAN is fairly consistent across property sizes, ranging from $29 for 1-bedrooms to $34 for 3-bedrooms. The narrow spread indicates that while larger properties command higher nightly rates, they don't dramatically outperform on a per-available-night basis after accounting for occupancy.

Average occupancy rates by property size in Fancy Gap

Occupancy rates decline slightly as properties get larger: 1-bedrooms lead at 24%, 2-bedrooms hold at 23%, and 3-bedrooms trail at 20%. All sizes sit below the Virginia state average of 34%, reinforcing that cash-flow planning needs to account for significant vacancy throughout the year.

Average monthly revenue by property size in Fancy Gap

Two-bedroom listings are the top monthly earners at $2,253, outpacing both 1-bedrooms ($1,818) and 3-bedrooms ($1,837). This suggests that the 2-bedroom configuration hits a sweet spot between rate, occupancy, and guest appeal in this market.

Average annual revenue by property size in Fancy Gap

On an annual basis, 2-bedroom properties lead with $27,042 in revenue, roughly $5,000 more than 1-bedrooms ($21,818) and $5,000 ahead of 3-bedrooms ($22,044). For investors focused on maximizing return potential relative to acquisition and operating costs, the 2-bedroom segment appears to offer the best balance.

Most common amenities for Airbnb listings in Fancy Gap

Parking is universal at 100% of listings, reflecting Fancy Gap's rural mountain setting where car access is essential. Outdoor-focused amenities dominate — 92% offer outdoor furniture, 90% provide a patio or balcony, and 72% include a BBQ grill — signaling that guests come for nature-oriented experiences and expect properties equipped for outdoor enjoyment.

Understanding Fancy Gap's ROI Score: 57/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Fancy Gap's ROI score of 57 out of 100 places it in the 'Attractive Opportunity' band, reflecting a workable balance between revenue potential and property costs. The score is supported by average marks in revenue-to-price ratio, occupancy stability, and supply/demand balance, though a below-average market growth trend tempers the outlook — largely because of the rapid influx of new listings. Pairing this score with thorough local regulatory research and realistic seasonal cash-flow modeling will give investors the clearest picture of whether Fancy Gap fits their portfolio.

Short-Term Rental Regulations in Fancy Gap

Understanding local STR regulations is essential before investing in Fancy Gap. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Fancy Gap, Virginia may need to obtain a business license or STR permit from Carroll County, and Virginia state law may impose additional registration requirements. Investors should verify current permit and registration requirements directly with local Carroll County authorities before listing a property.

Key Restrictions

Common restrictions that may apply to short-term rentals in the area include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. HOA covenants in certain communities could further limit or prohibit STR activity, so reviewing any applicable deed restrictions is strongly recommended.

Tax Obligations

Virginia imposes state and local transient occupancy taxes on short-term rentals, and Carroll County may levy additional lodging or tourism taxes. Major booking platforms typically collect and remit state-level taxes on behalf of hosts, but operators should confirm local tax obligations with county officials.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Fancy Gap can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Fancy Gap's short-term rental performance is expected to remain closely tied to its seasonal tourism cycle, with the strongest returns concentrated between May and November. The 213% year-over-year growth in active listings signals rapidly increasing investor interest, which could put downward pressure on occupancy rates — currently at 23% — if demand doesn't keep pace. ADR may see modest increases of 1–3% as the market matures, but investors should plan conservatively around the quieter winter months when revenue can dip below $1,000. Monitoring how supply growth affects per-listing performance over the coming year will be critical before committing."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Fancy Gap, VA

What is the average Airbnb occupancy rate in Fancy Gap?

The average Airbnb occupancy rate in Fancy Gap is currently 23%, which is below Virginia's statewide average of 34%. Occupancy varies by property size, with 1-bedroom listings averaging 24%, 2-bedrooms at 23%, and 3-bedrooms at 20%. The market's seasonal nature — with much stronger demand from late spring through fall — contributes to the lower annual average.

How much do Airbnb hosts make in Fancy Gap?

Airbnb hosts in Fancy Gap earn an average of $1,981 per month and approximately $23,782 per year based on trailing 12-month historical performance. Revenue varies by property size: 2-bedroom listings lead at $27,042 annually, followed by 3-bedrooms at $22,044 and 1-bedrooms at $21,818. Monthly income ranges significantly by season, from around $934 in January to $2,763 in October.

Is Fancy Gap a good market for Airbnb investment?

Fancy Gap earns an ROI score of 57 out of 100, classified as an 'Attractive Opportunity.' The market benefits from an average revenue-to-price ratio and relatively low property values ($350,436 on average), which help offset its modest occupancy rate. Investors should be prepared for strong seasonality and plan their cash flow around quieter winter months. With only 39 active listings, there's still room for well-managed properties to capture share, though rapid supply growth is a factor to monitor.

What is the average daily rate (ADR) for Airbnb in Fancy Gap?

The average daily rate for Airbnb listings in Fancy Gap is $144, which is significantly lower than Virginia's statewide average of $339. ADR scales with property size: 1-bedroom listings average $121, 2-bedrooms average $143, and 3-bedrooms average $168 per night. These rates reflect the market's positioning as an affordable mountain getaway rather than a luxury destination.

Are short-term rentals legal in Fancy Gap?

Short-term rentals are generally permitted in the Fancy Gap area of Carroll County, Virginia, though operators may need to obtain relevant permits or business licenses. Local zoning regulations, HOA restrictions, and county-level rules can all affect whether a specific property is eligible for STR use. Investors should consult Carroll County authorities and review any applicable HOA covenants to confirm compliance before purchasing or listing a property.

When is peak season for Airbnb in Fancy Gap?

Peak season for Airbnb in Fancy Gap runs from roughly May through November, with October being the single highest-revenue month at $2,763 in average monthly revenue — likely driven by fall foliage tourism along the Blue Ridge. August ($2,662) and July ($2,605) also perform strongly. The off-season spans December through February, with January being the slowest month at just $934 in average revenue.

How many Airbnbs are there in Fancy Gap?

As of April 2026, there are 39 active Airbnb listings in Fancy Gap. The supply is concentrated among smaller properties: 16 are 1-bedroom listings, 15 are 2-bedrooms, and 6 are 3-bedrooms. The market has experienced significant growth, with a 213% year-over-year increase in active listings.

How is Airbnb revenue calculated in Fancy Gap?

The annual and monthly revenue figures for Fancy Gap are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Average daily rate, occupancy, and RevPAN metrics across property configurations
• Trailing 12-month revenue data reflecting actual historical booking performance
• Home value estimates sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings in the market

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and may not capture very recent market shifts. Local regulations, zoning laws, and HOA rules can materially affect STR eligibility — always verify with local authorities before investing.