Belfair, WA Airbnb Market Data, Statistics, and Occupancy Rates

Belfair Short-Term Rental Market Overview

Belfair, WA is a small but compelling short-term rental market nestled along the southern reach of Hood Canal, where waterfront appeal and outdoor recreation drive seasonal guest demand. With just 38 active Airbnb listings and an average annual revenue of $48,232, the market offers a favorable revenue-to-price ratio relative to the area's $681,368 average home value. Occupancy sits at 22%—well below the Washington state average of 36%—but the pronounced summer peak (August revenue tops $8,329) suggests concentrated demand that rewards investors who price strategically around high season.

Key Market Statistics

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

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Belfair

Investors are drawn to Belfair for its waterfront lifestyle appeal, relatively affordable entry point compared to nearby Puget Sound markets, and outsized summer revenue potential that can anchor annual returns.

Expert Market Assessment

"Belfair presents a moderate-opportunity market with attractive upside for investors who target larger properties and lean into the area's waterfront character. The ROI score of 60 out of 100 reflects solid revenue potential tempered by below-average occupancy stability—meaning cash flow is heavily concentrated in the summer months rather than spread evenly year-round. January and February revenues dip to around $1,854–$1,926, while August peaks near $8,329, creating a roughly 4.5× spread that investors need to budget around. Properties that can capture shoulder-season guests through hot tubs, pet-friendliness, and remote-work amenities have the clearest path to smoothing out that revenue curve."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Belfair

Average revenue by month in Belfair

Belfair's revenue profile is sharply seasonal: August leads at $8,329—more than four times the January low of $1,854. The concentrated summer peak from June through August accounts for a disproportionate share of annual income, so investors should budget conservatively for the November-through-March stretch when monthly revenue hovers between $1,854 and $2,939.

Active Airbnb listings by property size in Belfair

Supply is spread fairly evenly across bedroom counts, with 4-bedroom properties holding the largest share at 11 listings and 1- and 2-bedroom units each contributing 7. The relatively balanced distribution means no single segment is dramatically oversaturated, though the slight lean toward larger homes reflects Belfair's appeal as a group and family vacation destination.

Average daily rate (ADR) by property size in Belfair

ADR rises steeply with size—from $170 for 1-bedroom listings to $481 for 4-bedroom properties, nearly a 3× premium. The jump from 3 bedrooms ($262) to 4 bedrooms ($481) is especially pronounced, suggesting that larger homes with waterfront features and group-friendly layouts capture a significant pricing advantage in this market.

Average RevPAN by property size in Belfair

Four-bedroom listings deliver the strongest RevPAN at $88 per available night, followed by 3-bedroom units at $74. Smaller properties lag meaningfully—1-bedrooms earn just $40 and 2-bedrooms $44—indicating that the revenue efficiency case is strongest for investors targeting larger property configurations.

Average occupancy rates by property size in Belfair

Three-bedroom units lead occupancy at 28%, while 4-bedroom properties come in lowest at 18%, reflecting fewer but higher-value bookings at the premium end. One- and 2-bedroom listings both sit at 24%, which means mid-size properties offer the most balanced combination of booking frequency and per-night revenue.

Average monthly revenue by property size in Belfair

Four-bedroom properties dominate monthly revenue at $7,034, nearly doubling the next closest tier (2-bedrooms at $3,240 and 3-bedrooms at $3,084). One-bedroom units trail significantly at $1,299 per month, underscoring how property size—and the premium nightly rates it commands—is the primary lever for revenue in Belfair.

Average annual revenue by property size in Belfair

At $84,415 in average annual revenue, 4-bedroom listings earn more than twice what 2- or 3-bedroom properties generate ($38,886 and $37,012 respectively) and over five times the $15,589 that 1-bedroom units bring in. For investors seeking the strongest return potential, larger homes clearly stand out—though they also require higher acquisition costs and carry lower occupancy rates.

Most common amenities for Airbnb listings in Belfair

Kitchens and parking are near-universal at 97%, with BBQ grills (90%), self check-in (87%), and laundry facilities (82%) close behind—these are table stakes for any competitive listing. Notably, 79% of listings offer beach access and 66% are waterfront, confirming that proximity to water is a core part of the Belfair guest proposition; hot tubs (47%) and pet-friendliness (47%) represent potential differentiators for hosts looking to stand out.

Understanding Belfair's ROI Score: 60/100

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

Belfair's ROI score of 60 out of 100 places it in the 'Attractive Opportunity' band, meaning the market shows genuine investment potential but comes with caveats worth understanding. The revenue-to-price ratio and supply/demand balance both rate as average, while market growth trends are holding steady—however, occupancy stability scores below average, reflecting the pronounced seasonality that concentrates most income into the summer months. Pairing this data with on-the-ground research into Mason County regulations and careful property selection will help investors determine whether Belfair's summer-driven returns fit their cash-flow expectations.

Short-Term Rental Regulations in Belfair

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

Permit Requirements

Short-term rental operators in Belfair should verify whether Mason County or the state of Washington requires STR registration or a business license before listing a property. Requirements can vary at the county level, so contacting local planning and development offices directly is strongly recommended.

Key Restrictions

Common STR restrictions in Washington communities may include occupancy limits tied to bedroom count, minimum-night stay requirements, noise ordinances, parking mandates, and signage rules. HOA covenants can also impose additional limitations, so investors should review any applicable community agreements before purchasing.

Tax Obligations

Washington State levies lodging taxes on short-term rentals, and Mason County may impose additional local occupancy or tourism taxes. Many booking platforms collect and remit state-level taxes automatically, but hosts should confirm county-level obligations and maintain accurate records for compliance.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Belfair's STR market is likely to see continued supply growth after a 53% year-over-year increase in active listings, which could put modest downward pressure on occupancy unless demand keeps pace. Summer months should remain the primary revenue engine, with peak-month earnings potentially holding steady or rising 1–3% if ADR trends track inflation. Occupancy stability—currently rated below average—is the metric to watch; investors who can capture shoulder-season bookings through competitive pricing and amenity differentiation will be best positioned. We estimate annual revenue for well-managed properties could land in the $45,000–$55,000 range depending on property size and execution."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Belfair, WA

What is the average Airbnb occupancy rate in Belfair?

The average occupancy rate for Airbnb listings in Belfair is currently 22%, which falls below the Washington state average of 36%. Occupancy varies by property size, with 3-bedroom units performing best at 28% and 4-bedroom properties coming in at 18%. The lower overall rate reflects Belfair's heavy seasonal concentration, where summer months drive the bulk of bookings.

How much do Airbnb hosts make in Belfair?

Airbnb hosts in Belfair earn an average of $4,019 per month and approximately $48,232 per year based on trailing 12-month booking data. Revenue varies significantly by property size—4-bedroom listings lead at roughly $7,034 per month ($84,415 annually), while 1-bedroom units average $1,299 per month ($15,589 annually). Summer months are by far the strongest, with August averaging $8,329 in revenue.

Is Belfair a good market for Airbnb investment?

Belfair earns an ROI score of 60 out of 100, placing it in the 'Attractive Opportunity' range. The market benefits from a reasonable revenue-to-price ratio given average home values of $681,368, and its waterfront setting draws consistent summer visitors. The main consideration is below-average occupancy stability, so investors should plan for seasonal cash-flow swings and focus on property types and amenities that can extend bookings into shoulder months.

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

The average daily rate in Belfair is $310, which is below the Washington state average of $393. ADR scales sharply with property size: 1-bedroom listings average $170, 2-bedrooms come in at $186, 3-bedrooms reach $262, and 4-bedroom properties command $481 per night. Larger waterfront homes with premium amenities tend to drive the highest nightly rates.

Are short-term rentals legal in Belfair?

Short-term rentals are generally permitted in the Belfair area, but operators should verify current permit, registration, and licensing requirements with Mason County and the state of Washington. Regulations can change, and local zoning or HOA restrictions may apply to specific properties. It's always wise to consult local authorities and review any community covenants before purchasing an investment property.

When is peak season for Airbnb in Belfair?

Peak season in Belfair runs from June through August, with revenue climbing sharply from $5,453 in June to $7,892 in July and topping out at $8,329 in August. September marks a transition into the shoulder season at $4,200, while the slowest months are January ($1,854) and February ($1,926). This summer-heavy pattern aligns with the area's appeal as a waterfront and outdoor recreation destination.

How many Airbnbs are there in Belfair?

As of April 2026, there are 38 active Airbnb listings in Belfair. The supply is relatively evenly distributed across property sizes, with 11 four-bedroom listings, 9 three-bedroom listings, and 7 each of one- and two-bedroom properties. Notably, active listings have grown 53% year over year, so the competitive landscape is evolving.

How is Airbnb revenue calculated in Belfair?

The annual and monthly revenue figures for Belfair are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and aggregate the results into a market-level historical average. Because each month uses its own historical performance data, the figures naturally reflect seasonal peaks and slower periods like Belfair's strong summer and quieter winter months. 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, occupancy rates, and average daily rates by market
• Revenue per available night (RevPAN) and monthly and annual revenue averages based on trailing 12-month booking data
• Average home values sourced from the Zillow Home Value Index (ZHVI) for investment analysis
• Property size breakdowns covering listings from 1 to 4+ bedrooms with performance metrics for each tier
• Amenity prevalence data showing the most common features across active listings in this market

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 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 recent regulatory changes or market shifts. Individual property results will vary based on location, condition, pricing strategy, and management quality.