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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Kingston presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Kingston, WA is a small but distinctive short-term rental market on the Kitsap Peninsula, where waterfront appeal and ferry access to Seattle create a niche leisure-travel draw. With just 25 active Airbnb listings and an average annual revenue of $39,089, the market offers limited scale but meaningful earning potential — especially for larger properties. However, a 25% average occupancy rate (well below Washington's 36% state average) signals that competition for bookings is real, and success here depends heavily on property selection and seasonal strategy.
According to Rabbu market data, the Kingston short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 25 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $321 |
| Average Occupancy Rate | vs. 36% state avg. | 25% |
| RevPAN | ADR * Occupancy Rate | $81 |
| Average Monthly Revenue | Historical 12-month average | $3,257 |
| Average Annual Revenue | Historical 12-month average | $39,089 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Kingston appeals to investors seeking a waterfront-adjacent market with low listing density and pronounced seasonal upside, though below-average occupancy and high home values require disciplined deal sourcing.
Key investment factors
"Kingston presents a competitive but uneven opportunity — the ROI score of 49 out of 100 reflects average revenue-to-price ratios and occupancy stability paired with below-average market growth trends. Seasonality is the defining feature: August revenue ($5,696) is more than three times January's ($1,691), so investors need to plan cash flow around a pronounced summer peak. The small listing count keeps outright competition manageable, yet high average home values near $980K mean the revenue-to-price math demands careful underwriting. For investors who secure the right property at the right price, Kingston's waterfront charm and Seattle-adjacent location provide a credible foundation for returns."
— Rabbu Market Analysis Team
Kingston's revenue cycle is sharply seasonal: August leads at $5,696 per month — more than 3.3× January's low of $1,691 — with the June-through-September window accounting for the lion's share of annual income. Investors should budget for winter months that may barely cover operating costs and plan to maximize returns during the concentrated summer peak.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,691 |
| February |
|
$1,806 |
| March |
|
$2,415 |
| April |
|
$2,548 |
| May |
|
$3,324 |
| June |
|
$4,318 |
| July |
|
$5,258 |
| August |
|
$5,696 |
| September |
|
$3,845 |
| October |
|
$2,887 |
| November |
|
$2,547 |
| December |
|
$2,750 |
Supply is relatively evenly distributed, with 7 three-bedroom listings, 5 two-bedrooms, and 5 one-bedrooms comprising the 25-unit market. The slight tilt toward three-bedroom properties aligns with the market's family and group leisure positioning, while the small total count across all sizes means even one or two well-positioned additions could shift competitive dynamics.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
5 |
| 2 bedrooms |
|
5 |
| 3 bedrooms |
|
7 |
ADR roughly doubles from one-bedroom ($133) to three-bedroom ($287), reflecting strong guest willingness to pay more for space in this waterfront-oriented market. The jump from two-bedroom ($172) to three-bedroom is especially steep — a $115 premium — suggesting that larger homes capture a disproportionate share of higher-value bookings.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$133 |
| 2 bedrooms |
|
$172 |
| 3 bedrooms |
|
$287 |
RevPAN is tightly clustered across sizes: one-bedrooms lead at $56, followed by two-bedrooms at $55 and three-bedrooms at $49, indicating that smaller units' higher occupancy offsets their lower nightly rates. Despite this, three-bedrooms still generate far more total revenue because their ADR advantage compensates for fewer booked nights.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$56 |
| 2 bedrooms |
|
$55 |
| 3 bedrooms |
|
$49 |
Occupancy drops sharply as property size increases — one-bedrooms fill 42% of available nights versus just 17% for three-bedrooms, pointing to a classic trade-off between rate and fill rate. For investors prioritizing cash-flow consistency, smaller units offer more predictable booking patterns, while three-bedroom owners depend on fewer but higher-value reservations.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
42% |
| 2 bedrooms |
|
32% |
| 3 bedrooms |
|
17% |
Three-bedroom properties are the clear monthly revenue leaders at $5,012, outpacing two-bedrooms ($2,155) by more than 2× and one-bedrooms ($1,912) by roughly 2.6×. This gap underscores how the ADR premium on larger homes more than compensates for their lower occupancy, making them the top-line revenue drivers in Kingston.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$1,912 |
| 2 bedrooms |
|
$2,155 |
| 3 bedrooms |
|
$5,012 |
At $60,154 in average annual revenue, three-bedroom properties earn nearly 2.3× what two-bedrooms ($25,867) generate and 2.6× one-bedroom income ($22,945). Given Kingston's high average home values near $980K, three-bedrooms offer the most plausible path to covering carrying costs, though investors should still stress-test returns against actual acquisition prices.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$22,945 |
| 2 bedrooms |
|
$25,867 |
| 3 bedrooms |
|
$60,154 |
Kitchens and parking are near-universal at 96%, reflecting a market geared toward self-sufficient stays, while backyard space (84%), patios (84%), and outdoor furniture (76%) signal strong guest expectations for outdoor living. Waterfront access appears in 60% of listings — a distinctive competitive advantage that investors without it may need to offset through other experiential amenities or aggressive pricing.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
96% |
| Parking |
|
96% |
| Backyard |
|
84% |
| Patio or Balcony |
|
84% |
| Self Check-in |
|
80% |
| Dryer |
|
76% |
| Washer |
|
76% |
| Outdoor Furniture |
|
76% |
| BBQ Grill |
|
68% |
| Waterfront |
|
60% |
| Pets |
|
52% |
| Workspace |
|
48% |
| Beach Access |
|
40% |
| Beachfront |
|
28% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Kingston Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Average | 15% |
Kingston's ROI score of 49 out of 100 places it in the 'Competitive Opportunity' band, where investor interest and demand are present but higher property prices and emerging competition mean not every deal will pencil out. The score reflects average marks for revenue-to-price ratio, occupancy stability, and supply/demand balance, with market growth trend rated below average — a signal that the recent 223% surge in listings may be outpacing demand gains. Pairing this data with on-the-ground regulatory research in Kitsap County and a disciplined acquisition strategy will be essential for identifying properties that can outperform the market average.
Understanding local STR regulations is essential before investing in Kingston. Here's the current regulatory landscape:
Kingston is an unincorporated community in Kitsap County, Washington, and short-term rental operators should check with Kitsap County's Department of Community Development for any permit or registration requirements that may apply. Washington State does not mandate a statewide STR license, so local rules will be the primary regulatory layer investors need to navigate.
Common restrictions in similar Washington communities can include occupancy limits tied to bedroom count, minimum stay requirements, noise ordinances, and parking provisions. HOA covenants may also restrict or prohibit short-term rentals in certain neighborhoods, so investors should review any applicable CC&Rs before purchasing.
Short-term rental hosts in Washington are typically subject to the state's lodging tax, sales tax, and any applicable local tourism or transient accommodation taxes. Platforms like Airbnb often collect and remit state taxes on behalf of hosts, but investors should verify county-level obligations directly with Kitsap County.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Kingston can provide current regulatory guidance.
Financing an Airbnb investment in Kingston requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Kingston's STR market is likely to remain highly seasonal, with summer months continuing to drive the bulk of annual income. Investors should plan for monthly revenues that may dip below $2,000 in winter before rebounding to the $5,000–$5,700 range in July and August. Listing growth has been notable — active listings jumped 223% year over year — which could put additional pressure on occupancy rates unless demand keeps pace. ADR may hold relatively steady or see modest softening as supply expands, so careful pricing and strong guest experience will be key differentiators."
— 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 Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Local regulations, permit requirements, and tax obligations may change; always verify current rules with Kitsap County and Washington State authorities before investing. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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