Last updated on March 17th, 2023
Best Cities to Airbnb in Washington
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.
10 Best Cities to Airbnb in Washington State and Nearby Cities
Airbtics Discovery Tool can help you look for the best cities for Airbnb in Washington State and nearby cities. This powerful tool shows the following areas:
1. Seattle
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $495,372
- Airbnb Annual revenue: $47,170
- Gross rental yield: 9.52%
2. Chelan
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $401,461
- Airbnb Annual revenue: $39,387
- Gross rental yield: 9.81%
- Distance from Seattle: 108 miles
3. Seaside
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $509,489
- Airbnb Annual revenue: $72,625
- Gross rental yield: 14.25%
- Distance from Seattle: 135 miles
4. Portland
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $560,064
- Airbnb Annual revenue: $72,229
- Gross rental yield: 12.9%
- Distance from Seattle: 145 miles
5. Beaverton
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $254,661
- Airbnb Annual revenue: $37,670
- Gross rental yield: 14.79%
- Distance from Seattle: 148 miles
6. Lincoln City
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $550,291
- Airbnb Annual revenue: $62,848
- Gross rental yield: 11.42%
- Distance from Seattle: 199 miles
7. McCall
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $706,931
- Airbnb Annual revenue: $46,703
- Gross rental yield: 6.61%
- Distance from Seattle: 469.9 miles
8. Boise
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $482,507
- Airbnb Annual revenue: $46,201
- Gross rental yield: 9.58%
- Distance from Seattle: 494.2 miles
9. Ketchum
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $742,931
- Airbnb Annual revenue: $69,290
- Gross rental yield: 9.33%
- Distance from Seattle: 643.7 miles
10. Sun Valley
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $701,492
- Airbnb Annual revenue: $70,720
- Gross rental yield: 10.08%
- Distance from Seattle: 645.4 miles
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.
Ramon Meris is a content writer for Airbtics. Guided by data analytics, he produces articles on various US short-term rental markets. Outside work, he is a reader, animal lover, and foreign language learner.
