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

Lacey Short-Term Rental Market Overview

Lacey, WA is a compact short-term rental market with just 22 active Airbnb listings, offering an average annual revenue of $27,518 and an ADR of $171 — well below the Washington state average of $393 but paired with a 41% occupancy rate that exceeds the state's 36% average. The market's small inventory and above-average occupancy suggest limited but real demand, likely driven by proximity to Joint Base Lewis-McChord, state government activity in nearby Olympia, and access to South Puget Sound recreation. For investors comfortable with a smaller market, Lacey presents an opportunity to capture steady demand with relatively low competition.

Key Market Statistics

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

Data sources: Rabbu proprietary analytics as of Apr, 27 2026.

Why Investors Consider Lacey

Investors are drawn to Lacey for its combination of low competition, above-average occupancy, and demand anchored by military and government activity rather than purely seasonal tourism.

Expert Market Assessment

"Lacey represents a modest but stable opportunity for STR investors willing to operate in a small-inventory market. The seasonal pattern is clear — peak revenue in July and August roughly doubles the winter lows — but the year-round demand floor stays meaningful thanks to non-tourism drivers. With occupancy beating the state average by five percentage points and competition limited to roughly two dozen listings, well-positioned properties have room to capture outsized share. Investors should temper expectations around total revenue potential, as the market's ADR of $171 reflects a more affordable destination, but the trade-off is lower acquisition costs and a less crowded playing field."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Lacey

Average revenue by month in Lacey

Lacey exhibits clear seasonality, with August ($3,437) and July ($3,337) delivering peak revenue that's more than double the February low of $1,490. Investors should plan for a roughly 2.3x swing between the best and weakest months, with the June–September window accounting for the bulk of annual earnings.

Active Airbnb listings by property size in Lacey

Supply in Lacey is concentrated in 1-bedroom (9 listings) and 3-bedroom (6 listings) properties, with no 2-bedroom, 4-bedroom, or studio options appearing in the data. This gap in mid-size inventory could signal an opportunity for 2-bedroom listings to capture demand that currently goes unmet.

Average daily rate (ADR) by property size in Lacey

ADR scales significantly with size — 3-bedroom properties command $219 per night compared to just $76 for 1-bedroom units, nearly a 3x premium. For investors, the jump to a 3-bedroom configuration delivers a meaningfully higher nightly rate that can offset lower occupancy.

Average RevPAN by property size in Lacey

Three-bedroom listings generate $74 in RevPAN versus $34 for 1-bedroom units, indicating that despite lower occupancy, the higher ADR of larger properties translates to substantially better revenue per available night. This makes 3-bedroom configurations the stronger revenue generators on a per-night basis in Lacey.

Average occupancy rates by property size in Lacey

One-bedroom properties in Lacey achieve 45% occupancy compared to 34% for 3-bedroom units, reflecting the typical pattern where smaller, more affordable listings book more frequently. However, the occupancy gap doesn't fully offset the ADR advantage of larger properties, making both sizes viable depending on an investor's strategy.

Average monthly revenue by property size in Lacey

Three-bedroom properties lead with $3,075 in average monthly revenue, more than double the $1,451 generated by 1-bedroom listings. The premium earned by larger properties makes them the clear revenue leader on a per-unit basis in this market.

Average annual revenue by property size in Lacey

At $36,900 per year, 3-bedroom properties generate roughly twice the annual revenue of 1-bedroom listings ($17,418), making them the stronger income-producing configuration in Lacey. Investors targeting higher gross revenue should focus on the 3-bedroom segment, though acquisition costs and operating expenses will determine actual ROI.

Most common amenities for Airbnb listings in Lacey

Kitchens and parking are universal in Lacey's listings (100%), with washers, dryers, backyards, self check-in, and patios also appearing in 86–96% of properties — signaling that guests expect a full home experience rather than hotel-style stays. Lake access (32%) and waterfront (27%) listings add a recreation draw, while pet-friendliness (55%) is common enough to be a competitive baseline rather than a differentiator.

Short-Term Rental Regulations in Lacey

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

Permit Requirements

The City of Lacey and Washington State may require short-term rental operators to obtain permits or business licenses before listing a property. Investors should verify current requirements directly with the City of Lacey's planning or licensing departments, as regulations in smaller Washington municipalities can evolve quickly.

Key Restrictions

Common restrictions that may apply in Lacey include occupancy limits, noise ordinances, minimum stay requirements, and parking provisions. HOA rules can also impose additional constraints on short-term rental activity, so any property under a homeowners association should be reviewed carefully before purchase.

Tax Obligations

Washington State levies sales tax and may require collection of local lodging taxes on short-term rentals in Lacey. Major platforms like Airbnb often handle state and local tax collection automatically, but hosts should confirm their obligations with a tax professional to ensure full compliance.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Lacey's summer months should continue to drive the strongest revenue, with July and August historically generating $3,300–$3,400 in average monthly revenue. Given the market's modest listing count and occupancy that already outperforms the state average, ADR could see incremental growth of 2–4% if supply remains constrained. Winter months will likely remain softer — February dips to around $1,490 — so investors should budget for meaningful seasonal swings. Overall, demand tied to the nearby military base and regional government employment provides a degree of stability that pure leisure markets often lack."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Lacey, WA

What is the average Airbnb occupancy rate in Lacey?

The average Airbnb occupancy rate in Lacey is currently 41%, which is notably higher than the Washington state average of 36%. This suggests that demand for short-term rentals in Lacey is relatively strong given the market's small size, with 1-bedroom listings achieving approximately 45% occupancy and 3-bedroom units averaging around 34%.

How much do Airbnb hosts make in Lacey?

Airbnb hosts in Lacey earn an average of $2,293 per month and approximately $27,518 per year based on trailing 12-month performance data. Revenue varies significantly by property size — 1-bedroom listings average about $17,418 annually, while 3-bedroom properties bring in roughly $36,900 per year. Peak summer months (July and August) can generate over $3,300 monthly.

Is Lacey a good market for Airbnb investment?

Lacey offers a niche opportunity for STR investors. The market's strengths include above-average occupancy (41% vs. 36% statewide), very limited competition with only 22 active listings, and demand supported by proximity to Joint Base Lewis-McChord and state government activity in Olympia. The trade-off is a lower ADR of $171 compared to the state average and a pronounced seasonal revenue pattern. Investors who can acquire property at a reasonable price point and manage seasonal fluctuations may find Lacey a worthwhile market.

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

The average daily rate for Airbnb listings in Lacey is $171, which is considerably lower than the Washington state average of $393. ADR varies by property size, with 1-bedroom units averaging $76 per night and 3-bedroom properties commanding $219 per night. The lower ADR reflects Lacey's positioning as a more affordable market, but this is partly offset by stronger-than-average occupancy.

Are short-term rentals legal in Lacey?

Short-term rentals generally operate in Lacey, WA, though operators should verify current permit, licensing, and zoning requirements with the City of Lacey and Thurston County. Washington State may also impose business licensing and tax collection requirements. Regulations can change, so prospective investors should consult local authorities and legal counsel before purchasing a property for STR use.

When is peak season for Airbnb in Lacey?

Peak season in Lacey runs from June through August, with August being the highest-revenue month at an average of $3,437, followed closely by July at $3,337. The shoulder months of May and September also perform well at $2,268 and $2,510 respectively. The slowest period is January through February, when average monthly revenue drops to roughly $1,490–$1,668.

How many Airbnbs are there in Lacey?

As of April 2026, there are 22 active Airbnb listings in Lacey, WA. The supply is concentrated in two size categories: 1-bedroom properties (9 listings) and 3-bedroom properties (6 listings). This small inventory means competition is limited, which can benefit well-managed listings.

How is Airbnb revenue calculated in Lacey?

The annual and monthly revenue figures for Lacey 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. This methodology anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since 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 for Lacey, WA
• Average daily rate, occupancy, and RevPAN metrics across property sizes
• Monthly and annual revenue trends based on trailing 12-month booking data
• Popular amenity data drawn from active listing profiles
• Data sourced from Rabbu proprietary analytics for consistency and accuracy

Sources and disclaimers

Rabbu proprietary analytics 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 with municipal authorities before investing. Individual property performance will vary based on location, quality, pricing strategy, and management.