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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Lost City offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Lost City, WV is a small but compelling short-term rental market nestled in West Virginia's eastern panhandle, where just 33 active Airbnb listings serve guests drawn to the area's rural charm and outdoor appeal. With an average annual revenue of $36,175 and above-average occupancy stability, this micro-market offers investors a low-competition entry point. The average daily rate of $227 sits slightly below the state average of $242, but the intimate supply landscape means well-positioned properties can capture meaningful seasonal demand without battling hundreds of competitors.
According to Rabbu market data, the Lost City short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 33 |
| Average Daily Rate (ADR) | vs. $242 state avg. | $227 |
| Average Occupancy Rate | vs. 38% state avg. | 25% |
| RevPAN | ADR * Occupancy Rate | $57 |
| Average Monthly Revenue | Historical 12-month average | $3,014 |
| Average Annual Revenue | Historical 12-month average | $36,175 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Investors are drawn to Lost City for its low competition, steady seasonal demand, and favorable revenue-to-cost dynamics in a market with only 33 active listings.
Key investment factors
"Lost City represents an attractive opportunity for investors comfortable with a seasonal, leisure-driven market. Revenue swings are pronounced — August peaks at $4,580 per month while January dips to $1,733 — so cash-flow planning around these cycles is essential. The ROI score of 65 out of 100 reflects a healthy balance of demand and revenue relative to property values, buoyed by above-average occupancy stability. Investors who target 3-bedroom properties, which lead in both RevPAN ($67) and annual revenue ($41,655), stand to capture the strongest returns in this intimate West Virginia market."
— Rabbu Market Analysis Team
Lost City shows pronounced seasonality, with August ($4,580) and October ($4,100) delivering peak revenues that are more than double the January low of $1,733. Investors should plan for a strong June-through-November earning window and budget for significantly leaner winter months.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,733 |
| February |
|
$1,820 |
| March |
|
$2,043 |
| April |
|
$2,160 |
| May |
|
$2,445 |
| June |
|
$3,032 |
| July |
|
$3,937 |
| August |
|
$4,580 |
| September |
|
$3,450 |
| October |
|
$4,100 |
| November |
|
$3,794 |
| December |
|
$3,077 |
Two-bedroom properties dominate the supply with 12 listings, closely followed by 11 three-bedroom units, while just 5 one-bedroom listings make up the rest. The relatively thin 1-bedroom supply could signal either lower demand for smaller units or an underserved niche worth exploring.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
5 |
| 2 bedrooms |
|
12 |
| 3 bedrooms |
|
11 |
ADR climbs steadily with size, from $162 for 1-bedroom listings to $238 for 3-bedroom properties — a 47% premium. The jump from 1-bedroom to 2-bedroom ($225) is the steepest, suggesting the move to a second bedroom significantly shifts guest willingness to pay.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$162 |
| 2 bedrooms |
|
$225 |
| 3 bedrooms |
|
$238 |
Three-bedroom properties deliver the highest RevPAN at $67, outpacing both 1-bedroom ($54) and 2-bedroom ($53) units despite not having the highest occupancy rate. This indicates that 3-bedroom listings command enough of a nightly rate premium to more than compensate for slightly lower fill rates.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$54 |
| 2 bedrooms |
|
$53 |
| 3 bedrooms |
|
$67 |
One-bedroom listings lead occupancy at 33%, while 2-bedroom properties trail at 24% and 3-bedrooms sit at 28%. The relatively tight range suggests that no single property size dominates demand, but smaller units stay booked most consistently — useful context for investors prioritizing cash-flow predictability.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
33% |
| 2 bedrooms |
|
24% |
| 3 bedrooms |
|
28% |
Three-bedroom properties are the clear monthly revenue leaders at $3,471, outearning 2-bedrooms ($2,442) by over $1,000 and 1-bedrooms ($2,395) by a similar margin. This sizable gap makes the 3-bedroom configuration the most compelling from a top-line revenue perspective.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$2,395 |
| 2 bedrooms |
|
$2,442 |
| 3 bedrooms |
|
$3,471 |
At $41,655 annually, 3-bedroom listings generate roughly 42% more revenue than 2-bedroom properties ($29,311) and 45% more than 1-bedroom units ($28,748). For investors focused on maximizing return potential, the 3-bedroom segment offers the strongest earning power in Lost City.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$28,748 |
| 2 bedrooms |
|
$29,311 |
| 3 bedrooms |
|
$41,655 |
Parking (100%), kitchens (97%), and a cluster of outdoor amenities — BBQ grills, patios, outdoor furniture (all 91%) — dominate the Lost City listing landscape, signaling that guests expect a self-sufficient, nature-oriented stay. Hot tubs (33%) and pet-friendliness (58%) represent differentiators that aren't yet universal but clearly resonate with a segment of the guest base.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
97% |
| BBQ Grill |
|
91% |
| Self Check-in |
|
91% |
| Patio or Balcony |
|
91% |
| Outdoor Furniture |
|
91% |
| Washer |
|
79% |
| Dryer |
|
79% |
| Workspace |
|
73% |
| Backyard |
|
73% |
| Pets |
|
58% |
| Hot Tub |
|
33% |
| EV Charger |
|
15% |
| Lake Access |
|
6% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Lost City Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Lost City's ROI score of 65 out of 100 places it in the 'Attractive Opportunity' band, reflecting a market where revenue relative to property values is average but occupancy stability runs above average — a meaningful plus for investors seeking predictable demand. Market growth trend and supply/demand balance both register as average, suggesting steady rather than explosive conditions. Pairing this score with thorough local regulatory research and a focus on high-performing 3-bedroom properties can help investors make the most of what this small West Virginia market has to offer.
Understanding local STR regulations is essential before investing in Lost City. Here's the current regulatory landscape:
Short-term rental operators in Lost City, West Virginia may need to obtain permits or register their property with local authorities in Hardy County. Investors should verify current requirements directly with county and state offices before listing, as regulations can change.
Common STR restrictions in West Virginia communities can include occupancy limits, minimum stay requirements, noise ordinances, parking provisions, and HOA-level rules that may further limit rental activity. It's worth checking whether any permit caps or zoning restrictions apply to your specific property location.
West Virginia imposes a state sales tax and a hotel occupancy tax on short-term rentals, and platforms like Airbnb often collect and remit some or all of these taxes on behalf of hosts. Investors should confirm their full tax obligations with a local tax professional to ensure compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Lost City can provide current regulatory guidance.
Financing an Airbnb investment in Lost City requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Lost City's STR market is expected to maintain its seasonal rhythm, with peak revenues concentrated in August through November and softer winter months pulling averages down. Given the market's above-average occupancy stability and average growth trend, ADR may edge up 1–3% as hosts refine pricing strategies during high-demand periods. Investors should anticipate occupancy rates hovering around 24–33% depending on property size, with summer and fall weekends continuing to drive the bulk of bookings. These estimates reflect current trajectory rather than guaranteed outcomes, so pairing data with on-the-ground research remains important."
— Rabbu Market Analysis Team
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.
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 averages and may not capture very recent market shifts. Local regulations and tax requirements can change; investors should verify current rules with local authorities before purchasing.
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