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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Camano Island presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Camano Island is a small, scenic island market in Washington's Puget Sound region with just 74 active Airbnb listings, making it a niche opportunity rather than a volume play. Average annual revenue sits at $37,203, though the market's pronounced summer seasonality—August revenue tops $6,061 while January dips to $1,503—means cash-flow planning is essential. With an average home value of $1,059,396 and an ADR of $264 (well below Washington's $393 state average), investors will need to be selective about property size and positioning to make the numbers work.
According to Rabbu market data, the Camano Island short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 74 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $264 |
| Average Occupancy Rate | vs. 36% state avg. | 22% |
| RevPAN | ADR * Occupancy Rate | $57 |
| Average Monthly Revenue | Historical 12-month average | $3,100 |
| Average Annual Revenue | Historical 12-month average | $37,203 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Camano Island appeals to investors seeking a Pacific Northwest vacation-rental foothold with limited competition and strong summer demand, though high property costs require careful deal sourcing.
Key investment factors
"Camano Island presents a competitive but uneven opportunity. The ROI score of 47 out of 100 reflects below-average revenue-to-price ratios and occupancy stability, tempered by above-average market growth trends. Seasonality is the defining characteristic here: the four-month window from June through September accounts for the bulk of annual earnings, while the off-season requires realistic expectations about vacancy. Investors who target larger properties—particularly 3- and 4-bedroom homes—and position them with premium outdoor amenities stand the best chance of generating meaningful returns in this island getaway market."
— Rabbu Market Analysis Team
Camano Island exhibits sharp seasonality, with August ($6,061) generating roughly four times the revenue of January ($1,503). The prime earning window spans June through September, and investors should plan for significantly lower cash flow from November through March.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,503 |
| February |
|
$1,848 |
| March |
|
$2,290 |
| April |
|
$2,611 |
| May |
|
$3,035 |
| June |
|
$3,656 |
| July |
|
$5,275 |
| August |
|
$6,061 |
| September |
|
$3,805 |
| October |
|
$2,689 |
| November |
|
$2,247 |
| December |
|
$2,177 |
Supply is concentrated in 1-bedroom (20 listings) and 2-bedroom (21 listings) properties, which together make up over half the market's 74 active listings. The 4-bedroom segment has only 9 listings, suggesting a potential supply gap that could benefit investors targeting larger family or group accommodations.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
20 |
| 2 bedrooms |
|
21 |
| 3 bedrooms |
|
16 |
| 4 bedrooms |
|
9 |
ADR jumps notably at the 4-bedroom level, reaching $402 per night—more than double the $171 charged by 1-bedroom listings. Interestingly, 3-bedroom properties average just $219 (below the 2-bedroom rate of $284), which may reflect differences in property quality or positioning within that segment.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$171 |
| 2 bedrooms |
|
$284 |
| 3 bedrooms |
|
$219 |
| 4 bedrooms |
|
$402 |
Revenue per available night scales dramatically with size: 4-bedroom properties deliver $115 RevPAN, more than triple the $32 earned by 1-bedroom units. Three-bedroom listings also perform respectably at $64, making larger homes clearly more efficient revenue generators on a per-night basis.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$32 |
| 2 bedrooms |
|
$52 |
| 3 bedrooms |
|
$64 |
| 4 bedrooms |
|
$115 |
Occupancy rates cluster into two tiers: 1- and 2-bedroom properties average 18–19%, while 3- and 4-bedroom homes both hit 29%. The stronger occupancy for larger units—combined with their higher ADR—makes them substantially better positioned for consistent cash flow.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
19% |
| 2 bedrooms |
|
18% |
| 3 bedrooms |
|
29% |
| 4 bedrooms |
|
29% |
Four-bedroom properties lead decisively at $5,860 per month, nearly three times the $2,094 earned by 1-bedroom listings. The jump from 2-bedroom ($2,514) to 3-bedroom ($3,521) represents a meaningful step up, reinforcing that larger properties capture disproportionate revenue in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$2,094 |
| 2 bedrooms |
|
$2,514 |
| 3 bedrooms |
|
$3,521 |
| 4 bedrooms |
|
$5,860 |
Annual revenue ranges from $25,129 for 1-bedroom units to $70,321 for 4-bedroom homes, a nearly 3x spread. Given the high average home values in the area, investors targeting the best return potential should strongly consider 4-bedroom properties, where the annual revenue most effectively offsets acquisition costs.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$25,129 |
| 2 bedrooms |
|
$30,170 |
| 3 bedrooms |
|
$42,261 |
| 4 bedrooms |
|
$70,321 |
Parking (97%), self check-in (95%), and kitchen access (95%) are near-universal among Camano Island listings, reflecting baseline guest expectations for a drive-to island destination. Differentiators like beach access (46%), waterfront location (35%), and hot tubs (24%) are less common and may give properties that offer them a meaningful competitive edge during booking searches.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
97% |
| Self Check-in |
|
95% |
| Kitchen |
|
95% |
| Patio or Balcony |
|
84% |
| BBQ Grill |
|
80% |
| Outdoor Furniture |
|
80% |
| Washer |
|
77% |
| Dryer |
|
77% |
| Backyard |
|
77% |
| Workspace |
|
54% |
| Beach Access |
|
46% |
| Pets |
|
43% |
| Waterfront |
|
35% |
| Hot Tub |
|
24% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Camano Island Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Below average | 15% |
Camano Island's ROI score of 47 out of 100 places it in the 'Competitive Opportunity' band, meaning investor interest is rising but returns require more deliberate property selection. The below-average revenue-to-price ratio and occupancy stability are the primary constraints, driven by high home values and pronounced seasonal swings. The above-average market growth trend is encouraging, though investors should pair this data with thorough local regulatory research and focus on larger, well-amenitized properties to improve their odds of a viable return.
Understanding local STR regulations is essential before investing in Camano Island. Here's the current regulatory landscape:
Short-term rental operators on Camano Island, located in Island County, Washington, may be required to obtain permits or register their property with local authorities. Investors should verify current requirements directly with Island County's planning and development office before listing.
Common STR restrictions in Washington communities can include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. HOA or community covenants may impose additional rules, so reviewing any applicable CC&Rs is strongly recommended before purchasing an investment property.
Washington State does not have an income tax, but STR hosts are generally subject to state and local lodging taxes, sales tax, and any applicable tourism-related assessments. Platforms like Airbnb often collect and remit some of these taxes automatically, though hosts should confirm their full tax obligations with a local tax professional.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Camano Island can provide current regulatory guidance.
Financing an Airbnb investment in Camano Island requires lenders who understand STR income. Rabbu partner lenders offer:
"Listing growth has been remarkable at 93% year-over-year, signaling rising investor interest in Camano Island as a vacation destination. Over the next 12–18 months, this supply influx could put modest downward pressure on occupancy rates—currently at 22%—unless demand keeps pace. Seasonal peaks in July and August should remain strong, with ADR potentially edging up 1–3% as hosts optimize pricing during high-demand summer windows. Investors entering now should anticipate a ramp-up period and plan conservatively around the quieter winter months when monthly revenue may stay in the $1,500–$2,300 range."
— Rabbu Market Analysis Team
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.
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 averages and may not capture very recent market shifts or regulatory changes. Individual property results will vary based on location, quality, pricing strategy, and management approach.
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