Last updated on August 8th, 2023
Best Cities to Airbnb in Washington State: Get leads on the best cities to Airbnb in Washington State from this article backed by short-term rental analytics!
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Get leads on the best cities to Airbnb in Washington State from this article backed by short-term rental analytics!
- Last updated on
- August 8, 2023
Key Takeaways
- The economy of Washington State is driven by a very high employment rate which makes it a viable rental property market. In fact, rental leasing is among its top industries.
- Short-term rental data analytics can guide prospective investors in their next Airbnb business venture.
Introduction
We bet you’re probably sipping a cup of coffee while searching on your PC for a profitable investment property in Washington State, known as the birthplace of Starbucks and Microsoft. While these brands have expanded globally, you can enter the short-term rental industry in The Evergreen State with data analytics as your guide!
Read this blog to know about the tools for making data-backed decisions without setting aside your cup of joe. And no worries, rental arbitrage can jumpstart your Airbnb business if you can’t own a rental property for now.
Is Airbnb legal in Washington State?
Yes! Airbnb is legal in Washington State as long as operators have secured a business license from the local Department of Revenue. Investors must pay all applicable fees and taxes, including occupancy, sales, and lodgings, among others.
Is Washington a good state to invest in real estate?
Real estate investing in Washington State can be a very great idea due to the following reasons:
- Booming economy – The employment rate in Washington State has continued to rise over the past five years. Also, real estate and rental leasing are among the top sectors in the State along with the information and retail trade sectors.
- No income tax – The state does not impose personal and corporate taxes. However, this exception does not cover businesses in Washington State– all of which are subject to Business and Occupation and/or Public Utility Tax. Even so, locals get to take home more disposable income that can be spent to further boost the economy.
Is Airbnb profitable in Washington State?
Generally, yes! A host in Seattle can earn $56,195 annually for operating a 3-bedroom Airbnb. They can charge a nightly rate of $265, and their average occupancy rate is 58%. Continue reading this blog to find out the revenue of Airbnb hosts in different cities in Washington State.
8 Best Cities to Airbnb in Washington State
Airbtics’ Dashboard allows you to search the hottest real estate markets in Washington state. It will then give you key Airbnb data of your searched city. We already did the work for you! And according to our research, here are the best Airbnb cities in Washington State:
|
|||||
|---|---|---|---|---|---|
| Location | Number of Airbnb Listings | Best Number of Bedrooms | Airbnb Annual Revenue | Median Property Price | GRY |
| Bellingham | 65 | 3 Bedrooms | $86,723 | $679,000 | 12.77% |
| Kirkland | 82 | 2 Bedrooms | $48,728 | $660,000 | 7.38% |
| Bellevue | 176 | Studio unit | $42,247 | $589,000 | 7.17% |
| Vancouver | 149 | 2 Bedrooms | $38,177 | $375,000 | 10.18% |
| Spokane | 280 | 2 Bedrooms | $32,617 | $295,000 | 11.06% |
| Seattle | 1,854 | Studio Unit | $30,799 | $315,000 | 9.78% |
| Redmond | 92 | 1 Bedroom | $25,465 | $439,000 | 5.80% |
| Tacoma | 239 | Studio Unit | $21,341 | $149,999 | 14.23% |
Airbnb Location
Airbnb Dataset
- Total Number of Airbnb Listings: 65
- Most Profitable Number of Bedrooms: 3 Bedrooms
- Airbnb Annual Revenue Potential: $86,723
- Median Property Price: $679,000
- Gross Rental Yield: 12.77%
- Total Number of Airbnb Listings: 82
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Airbnb Annual Revenue Potential: $48,728
- Median Property Price: $660,000
- Gross Rental Yield: 7.38%
- Total Number of Airbnb Listings: 176
- Most Profitable Number of Bedrooms: Studio unit
- Airbnb Annual Revenue Potential: $42,247
- Median Property Price: $589,000
- Gross Rental Yield: 7.17%
- Total Number of Airbnb Listings: 149
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Airbnb Annual Revenue Potential: $38,177
- Median Property Price: $375,000
- Gross Rental Yield: 10.18%
- Total Number of Airbnb Listings: 280
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Airbnb Annual Revenue Potential: $32,617
- Median Property Price: $295,000
- Gross Rental Yield: 11.06%
- Total Number of Airbnb Listings: 1,854
- Most Profitable Number of Bedrooms: Studio unit
- Airbnb Annual Revenue Potential: $30,799
- Median Property Price: $315,000
- Gross Rental Yield: 9.78%
- Total Number of Airbnb Listings: 92
- Most Profitable Number of Bedrooms: 1 Bedroom
- Airbnb Annual Revenue Potential: $25,465
- Median Property Price: $439,000
- Gross Rental Yield: 5.80%
- Total Number of Airbnb Listings: 239
- Most Profitable Number of Bedrooms: Studio unit
- Airbnb Annual Revenue Potential: $21,341
- Median Property Price: $149,999
- Gross Rental Yield: 14.23%
Source: Airbtics Dashboard
Looking for a profitable Airbnb is so easy by using the Airbtics Dashboard. Typing in your target city is the first step toward your data-backed Airbnb property search.
While you can already see the aggregate data of an Airbnb city, the figures will also update when you use the advanced filters! The lead will not only be about location. You will know that you can maximize your revenue if you get the right property type and the best number of bedrooms in each of your target cities!
Conclusion
Now that you know how stress-free it can be to look for a profitable rental property, we bet that you will start being on the lookout for more profitable Airbnb markets. That’s understandable because short-term rental analytics from Airbtics can help investors be more cautious or aggressive in their prospective Airbnb venture.
See for yourself if you’re maximizing profit from this free Airbnb Calculator used by beginners and pros.
Short-Term Rental Data
Short-Term Rental Data
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