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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Lummi Island presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Lummi Island is a small, scenic island market in Washington State with just 23 active Airbnb listings, making it one of the more intimate STR markets in the Pacific Northwest. Average annual revenue sits at $35,912 against an average home value of $994,167, which means cash-flow margins are tight and investors need to be strategic about acquisition pricing. The market's strong summer seasonality — August peaks near $4,891 per month — offers meaningful upside for well-positioned properties, though occupancy at 23% trails the Washington state average of 36%. With a 186% year-over-year growth in active listings, competition is ramping up quickly on this small island.
According to Rabbu market data, the Lummi Island short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 23 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $297 |
| Average Occupancy Rate | vs. 36% state avg. | 23% |
| RevPAN | ADR * Occupancy Rate | $69 |
| Average Monthly Revenue | Historical 12-month average | $2,992 |
| Average Annual Revenue | Historical 12-month average | $35,912 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Lummi Island draws investor interest as a unique, supply-constrained island getaway with premium nightly rates, though high home prices and seasonal demand require careful underwriting.
Key investment factors
"Lummi Island presents a competitive opportunity where selective deal sourcing matters more than in most markets. The combination of nearly $1 million average home values and sub-$36K annual revenues creates a revenue-to-price ratio that's below average, meaning investors need to find properties priced well below the market mean or with clear upside potential. Seasonality is pronounced — revenue more than doubles from its October–November lows to the August peak — so cash reserves for carrying costs during the quieter months are essential. That said, the island's exclusivity and small listing count give well-run properties a real chance to capture outsized share during peak summer demand."
— Rabbu Market Analysis Team
Lummi Island's revenue pattern is sharply seasonal, with August ($4,891) and July ($4,621) generating more than double the revenue of the slowest months like November ($2,200) and October ($2,260). Investors should plan for a roughly $2,600 swing between peak and trough months, with meaningful revenue concentration in the June–September window.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$2,442 |
| February |
|
$2,618 |
| March |
|
$3,075 |
| April |
|
$2,274 |
| May |
|
$2,516 |
| June |
|
$3,072 |
| July |
|
$4,621 |
| August |
|
$4,891 |
| September |
|
$3,087 |
| October |
|
$2,260 |
| November |
|
$2,200 |
| December |
|
$2,850 |
Supply on the island is concentrated in just two property sizes: 2-bedroom units (8 listings) and 3-bedroom units (6 listings). The absence of 1-bedroom or 4+ bedroom listings in the data could signal either limited housing stock in those sizes or a potential niche for differentiated offerings.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
8 |
| 3 bedrooms |
|
6 |
ADR nearly doubles from 2-bedroom properties ($205) to 3-bedroom listings ($372), representing an 81% premium for one additional bedroom. This steep jump suggests strong group and family demand willing to pay significantly more for extra space on the island.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$205 |
| 3 bedrooms |
|
$372 |
Three-bedroom properties deliver a RevPAN of $81 compared to $52 for 2-bedrooms, a 56% advantage that accounts for both rate and occupancy. This makes larger homes the more efficient revenue generators on a per-available-night basis despite their slightly lower occupancy.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$52 |
| 3 bedrooms |
|
$81 |
Two-bedroom listings edge out 3-bedrooms in occupancy, 26% versus 22%, suggesting smaller units are slightly easier to fill consistently. However, both sizes fall well below the state average of 36%, underscoring the seasonal nature of island demand.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
26% |
| 3 bedrooms |
|
22% |
Three-bedroom properties earn $3,758 per month on average — roughly 48% more than 2-bedroom units at $2,531 — thanks to their substantially higher nightly rates. For investors weighing acquisition costs, the monthly revenue gap between these two configurations is a key input for cash-flow modeling.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$2,531 |
| 3 bedrooms |
|
$3,758 |
At $45,102 per year, 3-bedroom properties significantly outperform 2-bedroom units ($30,383), generating nearly $15,000 more annually. Given the island's high home values, the 3-bedroom configuration likely offers the stronger path toward covering carrying costs, though investors should verify the price differential between property sizes.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$30,383 |
| 3 bedrooms |
|
$45,102 |
Parking and kitchens are near-universal at 96%, followed closely by BBQ grills (91%), reflecting guest expectations for self-sufficient, outdoors-oriented stays. Notably, 52% of listings allow pets and 44% offer hot tubs — amenities that can help differentiate a property in this small, competitive market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
96% |
| Kitchen |
|
96% |
| BBQ Grill |
|
91% |
| Washer |
|
87% |
| Dryer |
|
83% |
| Patio or Balcony |
|
78% |
| Outdoor Furniture |
|
74% |
| Backyard |
|
74% |
| Self Check-in |
|
61% |
| Workspace |
|
57% |
| Pets |
|
52% |
| Hot Tub |
|
44% |
| Beach Access |
|
22% |
| Waterfront |
|
22% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Lummi Island Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Average | 15% |
Lummi Island's ROI Score of 46 out of 100 places it in the Competitive Opportunity tier, reflecting below-average marks on revenue-to-price ratio, occupancy stability, and market growth trend, with only supply/demand balance rated as average. The high average home value relative to revenue is the primary drag on the score, meaning investors need to find favorable entry points or add meaningful value to make the numbers work. Pairing this data with thorough local regulatory research and a realistic off-season cash-flow plan will be critical before committing capital.
Understanding local STR regulations is essential before investing in Lummi Island. Here's the current regulatory landscape:
Short-term rental operators on Lummi Island should verify whether Whatcom County or Washington State require STR permits, business licenses, or registration before listing. Investors are encouraged to consult directly with local planning and zoning authorities to confirm current requirements.
Common STR restrictions in island and rural Washington communities can include occupancy limits, minimum night-stay requirements, noise ordinances, and parking regulations. HOA or community covenants may impose additional limitations, so reviewing any applicable deed restrictions before purchasing is essential.
Washington State imposes lodging taxes on short-term rentals, and Whatcom County may levy additional local excise or tourism taxes. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should verify they're meeting all state and local obligations.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Lummi Island can provide current regulatory guidance.
Financing an Airbnb investment in Lummi Island requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Lummi Island's STR landscape will likely be shaped by the rapid supply increase already underway. With listings nearly tripling year-over-year, occupancy rates could face additional pressure unless demand keeps pace, potentially settling in the 20–25% range. Summer months should continue to drive the bulk of annual revenue, with July and August ADRs holding steady or rising modestly by 1–3% as the island's appeal to nature-seeking travelers remains intact. Investors should budget conservatively and plan for meaningful off-season revenue dips, particularly from October through April."
— 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. Data reflects trailing 12-month averages as of April 2026 and may not capture very recent market shifts. Local regulations, permit requirements, and tax obligations can change; always verify with local authorities before investing.
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