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Airbnb Occupancy All About Airbnb

Washington DC Airbnb Occupancy Rate and Best Areas for Real Estate Investments

washington dc airbnb occupancy rate

Key Takeaways

The National Cherry Blossom Festival is the biggest spring event in DC. It is an annual event attracting 700,000 visitors who wish to witness the blossoming of over 3,000 cherry trees. 

●  Short-term rental data analytics informs us that while the event is a magnet of close to a million spectators from outside the DC area, Airbnb revenue is just starting to climb up from there.

Introduction:

Washington DC is not all about politics. Residents also know how to have fun by celebrating numerous festivals. And part of this fun for Airbnb hosts is enjoying high rental earnings during the peak season in Washington DC!

In this article, we will take a look at the Washington DC Airbnb occupancy rates throughout the year. It will also include a heads-up for Airbnb hosts to expect the seasonality where their revenue can potentially spike.

Florida Property Investment Markets

 Is Airbnb profitable in Washington DC?

Airbtics’ Dashboard confirms that Airbnb is indeed profitable in Washington DC. A one-bedroom property can rest assured of a staggering 72% occupancy rate, which can bring in annual revenue of $42,407.

If you wish to test the Washington DC Airbnb market first, check how rental arbitrage can allow you to do so. Why not try it out during the upcoming festivals? You will be surprised to know that lucrative side hustle has been readily available for a long time!

washington dc airbnb occupancy rate

Spring 2023 Events in Washington DC

The National Cherry Blossom Festival is the biggest spring event in DC. It is an annual spectacle attracting 700,000 visitors who wish to witness the blossoming of over 3,000 cherry trees. These trees were gifts of Tokyo Mayor Yukio Ozaki to DC in 1912. Running from March 18 to April 16, this festival is a celebration of friendship between these two nations. 

Coinciding this month-long celebration, here are the other big events happening in the US capitol this Spring 2023:

Japanese Street Festival – Japanese culture takes center stage in this 24-hour, 2-day street festivity. Expect a lot of Japanese cultural performances as authentic food, beverages, and handicrafts from the Land of the Rising Sun overflow 3rd to 7th streets NW on Pennsylvania Avenue. This event will take place on April 15 to 16. 

FilmFest DC – Watching movies at theaters is a communal experience. And this year, Washington’s biggest and long-enduring film festival returns after a hiatus due to the pandemic! See the best of world cinema to come to DC on April 19 to 30. This film festival will feature 65 films from 30 countries over the course of its 12-day run. 

Profitable Airbnb Areas in Washington DC

We have learned the potential earnings of an investment property in Washington DC. The best thing about the National Cherry Blossom Festival is attracting hundreds of thousands of tourists every year and being enjoyed anywhere in the DC Area.

Aibtics Dashboard gives us the top 3 areas for an Airbnb Investment in DC.

1. Georgetown

Georgetown is the top DC neighborhood for an Airbnb investment. In fact, the 79% occupancy rate for a 2-bedroom property in the area is higher than the average occupancy rate of the entire DC. This type of property gives a steady annual income of $72,755. In connection with the DC events happening in April, Airbtics Dashboard confirms that this is its peak month – when hosts can expect more than 10% of the annual revenue in just a single month.

washington dc airbnb occupancy rate
2. Capitol Hill

It’s not surprising to see Arbtics Discovery Tool includes the Capitol Hill area as one of the top places in DC for Airbnb. But the value the tool adds is getting the average occupancy rate of a one-bedroom apartment in the area. Furthermore, an Airbnb host owning this type of real estate can earn around $54,436 yearly. Notice that while March is not the area’s peak season, the monthly revenue is only beginning to rise.

washington dc airbnb occupancy rate
3. Capitol Riverfront

The third best place for an Airbnb investment has 61 Airbnb listings with an average occupancy rate of 54%. While the trend is also projecting upward, monthly revenue can nosedive starting from the month of July. Still, hosts can expect an annual revenue $41,835

washington

Is Airbnb legal in Washington DC?

Yea, Airbnb is certainly legal in Washington DC! Hosts planning to have an investment property in Washington DC should first apply for a Short-Term or Vacation Rental License to kick off their Airbnb. 

In a short-term rental, the host should also be on the same property, which has a spare bedroom for their Airbnb guests. Only the presence of the host differentiates a short-term rental from a vacation rental, as defined by the local government of the District of Columbia.

Conclusion

In this article, we have learned about the best Airbnb neighborhoods in Washington DC. Not only that, we have learned how short-term rental data analytics can guide us in making the best investment decisions that would lead us to the most favorable financial outcomes.

Just like in politics, be strategic in your real estate investment. Start with this free Airbnb profit estimator to see where you’re at in your real estate game!

Explore The Most Profitable Airbnb Locations in Washington DC

Categories
Airbnb Investment All About Airbnb

The Best Area for Airbnb In Washington DC: 2023 Airbnb Investment Guide

The Best Area for Airbnb in Washington DC: Get an insider tip on the best areas for Airbnb in Washington DC and neighboring cities. Read the listicle to find out!

The Best Area for Airbnb In Washington DC: 2023 Airbnb Investment Guide

best areas for Airbnb in washington dc

The Best Area for Airbnb In Washington DC: 2023 Airbnb Investment Guide

Get an insider tip on the best areas for Airbnb in Washington DC and neighboring cities. Read the listicle to find out!

Key Takeaways

  • Washington, DC is the seat of the US legislative, executive, and judicial branches. This makes it a viable location for a short-term rental investment which is certain to earn passive income readily available to Airbnb investors.
  • Be in the know about the best real estate investment in DC area and neighboring cities from this listicle showing each place’s best bedroom size and corresponding gross rental yield.
  • These top 10 profitable Airbnb communities are backed by short-term rental data analytics to help investors better discern their next real estate investment.

Introduction

Frank Underwood says in the first season of House of Cards, “Power is a lot like real estate. It’s all about location, location, location.” And where else is that location other than the center of global politics and home to all branches of the US Government, Washington DC!

If you are looking for the best area for a rental property in Washington DC, then read on to narrow down your prospective market. However, rental arbitrage is also a good move for those budding investors who lack the capital in buying rental property in DC.

Why invest in an Airbnb in DC?

Investors have their own motivations for investing in the Airbnb market. But the following reasons are enough encouragement to pursue short-term rental operations in Washington, DC:

  • Promising Tourism Projections

While all cities saw a sharp decline in tourism at the onset of the COVID-19 Pandemic, DC is now recovering and enjoying an upward trend due to the containment of the virus. Therefore, now is the best time to invest in DC more than ever!

  • Central Location

Washington, DC is not only an important place even on its own. Its nearby cities like New York, Boston, and Philadelphia are just as valuable. In DC, you can enjoy being at the center while other major cities are within reach via land travel.

best area for airbnb in washington dc

The Best Areas for Airbnb In Washington DC and Nearby Cities

The location is the main advantage for investors that buy houses in Washington DC since it is in the middle of other lucrative Airbnb markets. Using Airbtics, you can check the profitability of these locations. The following areas can also be your guide on your next short-term rental venture:

airbtics-logo-300x87
Location Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
Capitol Riverfront, Washington DC 53 Studio unit $325,000 $30,401 9.35%
Capitol Hill, Washington DC 151 Studio unit $589,950 $53,833 9.13%
Georgetown, Washington DC 94 Studio unit $85,113 $39,528 46.44%
Southwest Waterfront, Washington DC 50 Studio unit $192,450 $28,548 14.83%
Dupont Circle, Washington DC 114 Studio unit $270,000 $29,697 11%
Alexandria, VA 214 2 Bedrooms $485,000 $45,652 9.41%
Baltimore, MD 718 3 Bedrooms $199,000 $27,724 13.93%
Richmond, VA 313 1 Bedroom $260,000 $24,881 9.57%
Charlottesville, VA 151 3 Bedrooms $586,000 $87,730 14.97%

Best Area

Airbnb Dataset

Capitol Riverfront, Washington DC

  • Total Number of Airbnb Listings: 53
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $325,000
  • Airbnb Annual Revenue Potential: $30,401
  • Gross Rental Yield: 9.35%

Capitol Hill,
Washington DC

  • Total Number of Airbnb Listings: 151
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $589,950
  • Airbnb Annual Revenue Potential: $53,833
  • Gross Rental Yield: 9.13%

Georgetown, Washington DC

  • Total Number of Airbnb Listings: 94
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $85,113
  • Airbnb Annual Revenue Potential: $39,528
  • Gross Rental Yield: 46.44%

Southwest Waterfront,
Washington DC

  • Total Number of Airbnb Listings: 50
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $192,450
  • Airbnb Annual Revenue Potential: $28,548
  • Gross Rental Yield: 14.83%

Dupont Circle, Washington DC

  • Total Number of Airbnb Listings: 114
  • Most Profitable Number of Bedrooms: Studio unit
  • Median Property Price: $270,000
  • Airbnb Annual Revenue Potential: $29,697
  • Gross Rental Yield: 11%
  • Total Number of Airbnb Listings: 214
  • Most Profitable Number of Bedrooms: 2 Bedrooms
  • Median Property Price: $485,000
  • Airbnb Annual Revenue Potential: $45,652
  • Gross Rental Yield: 9.41%

Baltimore, MD

  • Total Number of Airbnb Listings: 718
  • Most Profitable Number of Bedrooms: 3 Bedrooms
  • Median Property Price: $199,000
  • Airbnb Annual Revenue Potential: $27,724
  • Gross Rental Yield: 13.93%

Richmond, VA

  • Total Number of Airbnb Listings: 313
  • Most Profitable Number of Bedrooms: 1 Bedroom
  • Median Property Price: $260,000
  • Airbnb Annual Revenue Potential: $24,881
  • Gross Rental Yield: 9.57%
  • Total Number of Airbnb Listings: 151
  • Most Profitable Number of Bedrooms: 3 Bedrooms
  • Median Property Price: $586,000
  • Airbnb Annual Revenue Potential: $87,730
  • Gross Rental Yield: 14.97%

Source: Airbtics Dashboard

Airbnb Regulations in Washington DC and Neighboring Cities

It’s crucial to follow the short-term rental regulations in your prospective market. Doing so will ensure that you will not have any legal problems down the line. So here are a few things you need to keep in mind:

1. WASHINGTON DC

Hosts planning to have an investment property in Washington DC should first apply for a Short-Term or Vacation Rental License to kick off their Airbnb. 

In a Short-Term rental, the host should also be on the same property, which has a spare bedroom for their Airbnb guests. Only the presence of the host differentiates a Short-Term Rental from Vacation Rental, as defined by the local government of the District of Columbia.

2. ALEXANDRIA, VIRGINIA

The short-term rental operator must be the property owner and reside on the property for at least 185 days per year. To operate the rental, they must obtain a biennial Short-Term Rental Permit, which costs $300 and covers administration and monitoring expenses. The permit is valid from January 1 of the year it is obtained until December 31 of the following year, regardless of the acquisition date.

3. BALTIMORE, MARYLAND

The local government of Baltimore requires hosts to secure a license from the Housing Commissioner. It also requires the host to be a permanent resident of the investment property. 

This means that they should also reside there for at least 180 days annually. Baltimore is 35 miles from Washington, DC (54 minutes drive).

4. RICHMOND, VIRGINIA

A Short-Term Rental Permit is required to operate an Airbnb property in Richmond. Click here to apply. Richmond is 98 miles from Washington (1 hour and 44 minutes drive).

5. CHARLOTTESVILLE, VIRGINIA

Hosts are required to obtain a Certificate of Registration from the Commissioner of Revenue before engaging in an Airbnb business. Charlottesville is 99 miles southwest of Washington DC (2 hours and 10 minutes drive).

How To Use Data Analytics in Finding Profitable Airbnb Markets?

Airbtics gives 2 options to help you find profitable short-term rental markets:

1. You can use the Discovery Tool to get a general overview of your prospective Airbnb market. Simply type in your chosen city, and you will instantly see the following:

    • Market Name
    • The Best Number of Bedrooms
    • Market Size
    • Market Type
    • Gross Rental Yield

You can also see the neighboring cities of your chosen market. This will widen your horizon and inform you of other best Airbnb locations to invest in. If you’re lucky, you might end up entering a more profitable one than what you originally had in mind!

best area for airbnb in washington dc

2. From the general overview using Discovery Tools, Airbtic also allows you to dive deep using Insights Tool. It’s the same drill. Enter your preferred city to check the following Airbnb metrics:

    • Revenue Potential
    • Occupancy Rate
    • Nightly Rate
    • Revenue Heatmap

The powerful Insights Tool allows you to create a Custom Market. This advanced yet easy-to-use tool allows you to have a more in-depth approach to accessing short-term rental data. Plus, there are no restrictions on geographical boundaries. 

best area for airbnb in washington dc

Conclusion

Frank Underwood continues, “The closer you are to the source, the higher your property value.” That may be true in most cases, but the powerful Airbtics Discovery Tool shows that investors can earn $20,000 more in Newport News! 

Airbtics not only pinpoints the best neighborhoods for Airbnb in Washington DC and neighboring cities. With just a few clicks, it can also show the potential annual revenue and other short-term rental metrics.

If you’d like to check the rental yield of your short-term rental property, feel free to try our Airbnb Calculator. This has helped a lot of investors make a more informed choice as they are guided by the right numbers! 

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Washington

Airbnb Rental Arbitrage in Washington: Discover how to do Airbnb rental arbitrage in Washington. This strategy is for entrepreneurs subletting rented properties to guests.

Airbnb Rental Arbitrage in Washington

Washington airbnb rental arbitrage

Airbnb Rental Arbitrage in Washington

Discover how to do Airbnb rental arbitrage in Washington. This strategy is for entrepreneurs subletting rented properties to guests.

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! 

In this article, we featured the entire process of Airbnb rental arbitrage in Washington, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a perfect way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property.

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Washington, Douglas manages 17 listings and there’s a huge possibility that he doesn’t own all the properties. He has made $1,329,909 in the last 12 months.  

Washington airbnb rental arbitrage

Is Rental Arbitrage Profitable in Washington?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Columbia Heights, which is popular due to its shopping districts and diverse community.

Using Airbtics’ income generator, you can easily discover that rental arbitrage in Washington is profitable.

Washington airbnb rental arbitrage
Profit & Monthly Expense in Washington

Based on Airbtics’ data, you can earn a whopping $7,113 per month for a 3-bedroom apartment in Columbia Heights alone. With the data provided, you can certainly tell that investing in a property in Washington is profitable.

airbtics-logo-300x87
Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
$3,872 $7,113 $1,423 $1,818

Airbnb Dataset

  • Average Rent Price: $3,872
  • Airbnb Monthly Revenue: $7,113
  • Monthly Expense: $1,423
  • Monthly Profit: $1,818

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses ($7,113 – $3,872 – $1,423 = $1,818).

 Startup Cost in Washington

Now that you have an overview of how much your monthly expense & revenue, let’s talk about the start-up cost. How long does it take for an investor to get back the startup cost? Let’s take a look at this calculation:

airbtics-logo-300x87
Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
$9,744 5.4 months

Total Startup Cost (Average startup cost + 2 months rent price):

$9,744

Cash Return Time:

5.4 months

The average estimated startup cost (for furnishing) in Washington is around $2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price ($7,744). Now that we have a total startup cost of $9,744, cash return time can be calculated by dividing this by the monthly profit ($1,818). 

Given your monthly revenue of $1,818, it will take approximately 5.4 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Washington.

Best Areas for Rental Arbitrage in Washington

Before investing in a particular area in Washington, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 suburbs in Washington ranked by their annual revenue, along with their occupancy & daily rates!

1. Capitol Hill

Capitol Hill has interesting landmarks including the Library of Congress, Washington Navy Yard, and Barracks Row. Investors who wish to target historians, tourists, & students should consider this suburb. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Capitol Hill:

airbtics-logo-300x87
Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1 bedroom $2,000 $3,803 88% $170
2-bedroom $2,800 $5,194 87% $267
3-bedroom $4,075 $5,865 91% $413

Type of Bedrooms

Airbnb Dataset

🛏️ 1 bedroom

  • Average Rent Price: $2,000
  • Average Airbnb Revenue: $3,803
  • Occupancy Rate: 88%
  • Average Daily Rate: $170

🛏️ 2-bedrooms

  • Average Rent Price: $2,800
  • Average Airbnb Revenue: $5,194
  • Occupancy Rate: 87%
  • Average Daily Rate: $267

🛏️ 3-bedrooms

  • Average Rent Price: $4,075
  • Average Airbnb Revenue: $5,865
  • Occupancy Rate: 91%
  • Average Daily Rate: $413

According to our Airbtics Dashboard, there are more than 225 Airbnb listings with 31 condo properties and 111 one-bedroom properties in this area. The monthly revenue for most properties in Capitol Hill is more than $3,806 per month with occupancy being more than 77%.

2. Bloomingdale

This neighborhood in Washington consists of Victorian houses and great restaurants and offers an amazing nightlife experience. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Bloomingdale:

airbtics-logo-300x87
Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1 bedroom $1,695 $2,892 91% $130
2-bedroom $2,375 $5,431 90% $208
3-bedroom $3,750 $6,601 79% $328

Type of Bedrooms

Airbnb Dataset

🛏️ 1 bedroom

  • Average Rent Price: $1,695
  • Average Airbnb Revenue: $2,892
  • Occupancy Rate: 91%
  • Average Daily Rate: $130

🛏️ 2-bedrooms

  • Average Rent Price: $2,375
  • Average Airbnb Revenue: $5,431
  • Occupancy Rate: 90%
  • Average Daily Rate: $208

🛏️ 3-bedrooms

  • Average Rent Price: $3,750
  • Average Airbnb Revenue: $6,601
  • Occupancy Rate: 79%
  • Average Daily Rate: $328

This area has a total of 80 Airbnb listings with 19 private room properties and 36 one-bedroom properties. The monthly revenue for most properties in Bloomingdale is more than $2,680 per month with occupancy being more than 73%.

3. Columbia Heights

Columbia Heights is one of the most coveted neighborhoods with diverse communities. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Columbia Heights:

airbtics-logo-300x87
Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1 bedroom $1,922 $2,864 88% $135
2-bedroom $2,300 $3,702 89% $173
3-bedroom $3,872 $7,113 90% $299

Type of Bedrooms

Airbnb Dataset

🛏️ 1 bedroom

  • Average Rent Price: $1,922
  • Average Airbnb Revenue: $2,864
  • Occupancy Rate: 88%
  • Average Daily Rate: $135

🛏️ 2-bedrooms

  • Average Rent Price: $2,300
  • Average Airbnb Revenue: $3,702
  • Occupancy Rate: 89%
  • Average Daily Rate: $173

🛏️ 3-bedrooms

  • Average Rent Price: $3,872
  • Average Airbnb Revenue: $7,113
  • Occupancy Rate: 90%
  • Average Daily Rate: $299

This area has a total of 140 Airbnb listings with 40 private room properties and 54 one-bedroom properties. The monthly revenue for most properties in Columbia Heights is more than $2,182 per month with occupancy being more than 63%.

Short-term rental regulations in Washington

To begin with, it’s certainly important to be familiar with the Airbnb rules in Washington to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

  • In order to operate a short-term or vacation rental in the District, the property must be owned by an individual, and serve as a homeowner’s primary residence – with the owner being eligible to receive the Homestead Tax Deduction.
  • Short-term rentals are allowed to operate in any neighborhood or zone in the District as long as the host has a valid Short-Term or Vacation Rental License.
  • If the rental is a co-op, condo, or if the property is in a community where there is a homeowners’ association, the owner must attest that the bylaws, house rules, or other governing documents of the homeowner/condo/ cooperative governing board or association allow short-term and/or vacation rentals.
  • A Certificate of Clean Hands issued within the last 30 days in the property owner’s name must be obtained from the Office of Tax and Revenue.

Rental Properties in Washington

To run an Airbnb rental arbitrage in Washington, you can look at property websites and get a grasp of the ranging prices:

1. Zillow
sublet in Washington
2. Homes
sublet in Washington

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Categories
Airbnb Rules All About Airbnb

Airbnb Rules in Washington

Are you looking to invest in an Airbnb property in America? If you have chosen Washington in particular, then you’re on the right track. Washington is one of the booming short-term rental areas and it was also recently recognized to be part of the Airbnb cities with the highest occupancy rates.

Moreover, Washington is regarded as an international metropolis that offers plenty of real estate investment opportunities.  The city not only has a scenic setting with a wide array of attractions but also owns one of the strongest economies in the US and a thriving job market.

Continue reading to learn more about Airbnb rules in Washington and check out the profitability in this city.

Is Airbnb legal in Washington? 

Let’s cut the story short: Yes, Airbnb is certainly legal in Washington! With more than 110 million visitors annually, this city is popular for historical attractions including The Lincoln Memorial, The White House, the National Gallery of Art, and more.

Here is a little proof! As of July 2022, there are 48,976 nights available in Washington from Airbnb alone. Team manages 127 listings, while Zeus and Home Sweet City operate 106 and 66 respectively.

How much can I make by running an Airbnb in Washington?

Currently, there are 3,595 Airbnb listings in Washington, with 58% of entire houses earning up to $3,267 a month. The Average Occupancy Rate in Washington is 70% and the average daily rate is $116. According to short-term rental properties data source Airbtics, a 2-bedroom apartment in Washington can make up to $76,646 each year. Check out our Free Airbnb Income Estimator!

Washington airbnb rules
What Are The Short-term Rental Accommodation Policies in Washington?
  • In order to operate a short-term or vacation rental in the District, the property must be owned by an individual, and serve as a homeowner’s primary residence – with the owner being eligible to receive the Homestead Tax Deduction.
  • Short-term rentals are allowed to operate in any neighborhood or zone in the District as long as the host has a valid Short-Term or Vacation Rental License.
  • If the rental is a co-op, condo, or if the property is in a community where there is a homeowners’ association, the owner must attest that the bylaws, house rules, or other governing documents of the homeowner/condo/ cooperative governing board or association allow short-term and/or vacation rentals.
  • A Certificate of Clean Hands issued within the last 30 days in the property owner’s name must be obtained from the Office of Tax and Revenue.
how much can you make on airbnb

Is Washington A Profitable Area to Invest In?

If you’re worried about spending thousands of bucks to purchase a property, the good news is you have an option of not owning one. This is because there are many property investors who enjoy doing rental arbitrage in Washington as a passive income!

Airbnb metrics are important in order to expect potential revenue and avoid losing hard-earned money. Before starting an Airbnb business, getting to know your preferred area’s occupancy rates, average daily rates, and annual revenue is important to achieve success.

By using an accurate short-term rental calculator, you’ll be able to confirm if Washington is a good place for investment! In the digital era, it’s easy to discover your estimated annual revenue and high-return investment opportunities in Washington.

airbtics

Source: Airbtics Dashboard

Washington’s Property Market 2022

Based on a recent report of Washington’s rental market trend in 2022, housing demand continues to rise despite the slow pace of home sales. The majority of properties in Washington remained to be occupied despite the strong housing growth.

Washington airbnb rules

Source: Washington’s Housing Market Trend

Profitable Neighborhoods in Washington 

Here are some of the most recommended neighborhoods that you can look into & consider purchasing based on Airbtics estimator:

Suburbs Average House Price (2bd apartments) Average Rent Price Average Airbnb Revenue
Capitol Hill $350,000 (464 sqft) $2,800 $5,194
Bloomingdale $600,000 (964 sqft) $2,375 $5,431
Columbia Heights $599,000 (1,100 sqft) $2,300 $3,702

Source for Property Price: Properties in Washington

Conclusion 

In general, considering the Airbnb rules & regulations in Washington will help your Airbnb business to run smoothly! Aside from the fact that this is a passive income for various hosts, starting an Airbnb business is also a way to enjoy life and connect with new people from all over the world. Try Airbtics now and make the wisest investment decisions!

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