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

Bellevue Short-Term Rental Market Overview

Bellevue sits at the intersection of tech-driven corporate demand and Pacific Northwest tourism, creating a distinct short-term rental environment. With 219 active Airbnb listings generating an average annual revenue of $33,250, the market rewards operators who can navigate its premium price point — average home values top $2.3 million. Occupancy sits at 38%, slightly above the Washington state average of 36%, while the ADR of $185 comes in well below the state's $393 average, reflecting Bellevue's smaller-unit tilt and competitive pricing dynamics.

Key Market Statistics

According to Rabbu market data, the Bellevue 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 Bellevue

Bellevue attracts STR investors because of its proximity to major tech employers and a year-round base of corporate travelers, though elevated home prices demand careful deal sourcing to achieve positive returns.

Expert Market Assessment

"Bellevue presents a competitive but selective opportunity for STR investors. The ROI score of 36 out of 100 reflects a market where demand and occupancy stability are genuine strengths, but elevated acquisition costs compress the revenue-to-price ratio significantly. Seasonality is pronounced — July peaks at $4,504 in average monthly revenue while February bottoms out near $1,526 — so operators need a clear strategy for filling slower months. Investors who source properties wisely, target higher-bedroom configurations, and optimize for corporate and extended-stay travelers stand the best chance of generating attractive returns."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Bellevue

Average revenue by month in Bellevue

Bellevue's revenue seasonality is stark: July leads at $4,504 while February trails at $1,526, a nearly 3x spread that underscores how dependent annual performance is on the June–August peak. Investors should plan for four to five months of below-average revenue during the winter and early spring.

Active Airbnb listings by property size in Bellevue

One-bedroom units dominate supply with 114 of 219 total listings (52%), while 4- and 5-bedroom properties account for just 18 listings combined. The scarcity of larger homes may present a competitive advantage for investors willing to acquire higher-bedroom-count properties where demand exists but supply is thin.

Average daily rate (ADR) by property size in Bellevue

ADR scales sharply with property size, rising from $109 for 1-bedroom units to $463 for 5-bedroom properties — a 4.2x premium. The jump from 1 to 2 bedrooms is the steepest ($109 to $243), suggesting the strongest pricing leverage comes from stepping up beyond studio-style units.

Average RevPAN by property size in Bellevue

Four-bedroom properties deliver the highest RevPAN at $153, outperforming even 5-bedroom units ($126) thanks to their superior occupancy. One-bedroom listings lag significantly at $38 RevPAN, indicating that smaller units struggle to convert their lower rates into competitive per-night revenue after accounting for vacant nights.

Average occupancy rates by property size in Bellevue

Four-bedroom properties stand out with 53% occupancy — well above the market average and 17 points higher than the next-best 2-bedroom tier at 42%. Five-bedroom units, despite commanding the highest ADR, post just 27% occupancy, which may indicate pricing resistance or a narrower guest pool for the largest properties.

Average monthly revenue by property size in Bellevue

Monthly revenue rises steadily with bedroom count, from $1,754 for 1-bedroom listings to $7,632 for 5-bedroom properties. The 4-bedroom tier at $5,924 per month offers a compelling balance of high revenue and the market's best occupancy rate, making it a strong candidate for investors targeting consistent monthly income.

Average annual revenue by property size in Bellevue

Annual revenue ranges from $21,054 for 1-bedroom units up to $91,588 for 5-bedroom homes, with each step in property size adding roughly $15K–$20K in annual income. Given Bellevue's high home values, the 4-bedroom configuration at $71,095 annually paired with 53% occupancy may offer the best risk-adjusted return profile.

Most common amenities for Airbnb listings in Bellevue

Parking leads at 94% prevalence — unsurprising in a car-dependent Eastside market — followed closely by washer (90%), kitchen (89%), and dryer (88%). The high penetration of workspace amenities (82%) signals that Bellevue guests expect remote-work readiness, reinforcing the market's corporate traveler profile and making a dedicated workspace essentially table stakes for competitive listings.

Understanding Bellevue's ROI Score: 36/100

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

Bellevue's ROI Score of 36 out of 100 places it in the 'Competitive Opportunity' band, reflecting a market where strong demand meets challenging acquisition economics. Above-average occupancy stability is the standout positive factor, while the revenue-to-price ratio and supply/demand balance both rate below average — a direct consequence of $2.3M+ average home values and a 122% surge in new listings. Investors should pair this data with thorough local regulatory research and focus on deal structures where the numbers work despite premium entry costs.

Short-Term Rental Regulations in Bellevue

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

Permit Requirements

The City of Bellevue and the State of Washington may require short-term rental operators to obtain permits, a business license, or register their property before listing. Investors should verify current requirements directly with the City of Bellevue's planning department and Washington state agencies, as rules can evolve.

Key Restrictions

Common restrictions in markets like Bellevue can include occupancy limits, minimum stay requirements, noise and parking regulations, and caps on the number of permitted rentals in certain zones. HOA rules may impose additional constraints, particularly in Bellevue's many planned communities and condominium developments, so reviewing CC&Rs before purchasing is essential.

Tax Obligations

Short-term rental operators in Washington State are generally subject to state sales tax, local lodging taxes, and potentially a convention and trade center tax depending on the jurisdiction. Many booking platforms collect and remit some of these taxes automatically, but hosts should confirm their full obligation with a local tax advisor.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Bellevue's STR market should benefit from continued corporate relocation and tech sector presence on the Eastside, though the 122% year-over-year growth in active listings signals intensifying competition. Seasonal patterns suggest summer months will remain the revenue engine, with ADRs likely holding steady or rising 1–3% as demand firms up between May and September. Winter softness — where monthly revenue dips below $1,600 — is expected to persist, so investors should budget for meaningful off-peak cash-flow gaps. Occupancy may stabilize in the 36–42% range market-wide, with larger properties outperforming if supply growth moderates."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Bellevue, WA

What is the average Airbnb occupancy rate in Bellevue?

The average Airbnb occupancy rate in Bellevue is currently 38%, which edges above the Washington state average of 36%. Occupancy varies by property size, with 4-bedroom listings leading at 53% and 5-bedroom units trailing at 27%. Investors targeting mid-to-large properties in the 2–4 bedroom range tend to see the most consistent fill rates.

How much do Airbnb hosts make in Bellevue?

Airbnb hosts in Bellevue earn an average of $2,770 per month and roughly $33,250 per year based on trailing 12-month booking data. Revenue scales significantly with property size: 1-bedroom units average about $21,054 annually, while 5-bedroom properties can reach approximately $91,588. Individual results depend heavily on property quality, location within Bellevue, pricing strategy, and guest experience.

Is Bellevue a good market for Airbnb investment?

Bellevue carries a Rabbu ROI Score of 36 out of 100, placing it in the 'Competitive Opportunity' category. Demand is real — above-average occupancy stability and a strong corporate travel base are genuine positives — but average home values exceeding $2.3 million make the revenue-to-price ratio challenging. Investors who can source deals below market or target larger properties with higher revenue ceilings may find compelling opportunities, but this is not a market where every purchase pencils out.

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

The average daily rate for Airbnb listings in Bellevue is $185, which is notably below the Washington state average of $393. This reflects the market's heavy concentration of 1-bedroom units, which carry an ADR of $109. Rates climb with size: 2-bedroom listings average $243, while 5-bedroom properties command $463 per night.

Are short-term rentals legal in Bellevue?

Short-term rentals can operate in Bellevue, but operators should verify current permitting and licensing requirements with the City of Bellevue and Washington state authorities. Regulations can include zoning restrictions, business license requirements, and occupancy or safety standards. HOA rules in many Bellevue communities may add further limitations, so checking CC&Rs before purchasing is strongly recommended.

When is peak season for Airbnb in Bellevue?

Peak season in Bellevue runs from June through August, with July topping out at $4,504 in average monthly revenue and August close behind at $4,466. The shoulder months of May ($2,963) and September ($3,239) also perform well. Winter represents the low point, with January and February averaging around $1,526–$1,552, making summer revenue critical for annual cash-flow targets.

How many Airbnbs are there in Bellevue?

There are currently 219 active Airbnb listings in Bellevue as of April 2026. The market has seen significant growth, with active listings increasing 122% year over year. One-bedroom units make up the majority of supply at 114 listings, followed by 58 two-bedroom properties, while larger homes (4–5 bedrooms) are comparatively scarce with just 18 combined listings.

How is Airbnb revenue calculated in Bellevue?

The annual and monthly revenue figures for Bellevue are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. 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 to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently, while naturally reflecting seasonal peaks and slower months because each month uses its own historical performance data. 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 by market and property size
• Occupancy rates, average daily rates, and RevPAN trends across property configurations
• Historical monthly and annual revenue metrics based on trailing 12-month booking data
• Popular amenity prevalence among active listings to benchmark guest expectations
• Home value data sourced from the Zillow Home Value Index (ZHVI) for investment analysis

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 performance and market conditions may have shifted since the last update. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.