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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Oak Harbor offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Oak Harbor, WA sits on Whidbey Island in the Puget Sound, drawing visitors with its waterfront scenery, outdoor recreation, and proximity to Naval Air Station Whidbey Island — a steady source of temporary housing demand. With an average annual revenue of $45,023 across just 73 active listings and an ROI score of 61 out of 100, the market presents an attractive opportunity where above-average occupancy stability offsets a relatively compact supply base. Average home values of $700,169 paired with a $269 ADR position this as a mid-tier investment market that rewards operators who target peak summer months and larger property configurations.
According to Rabbu market data, the Oak Harbor short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 73 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $269 |
| Average Occupancy Rate | vs. 36% state avg. | 27% |
| RevPAN | ADR * Occupancy Rate | $72 |
| Average Monthly Revenue | Historical 12-month average | $3,751 |
| Average Annual Revenue | Historical 12-month average | $45,023 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Investors consider Oak Harbor for its island tourism appeal, military-adjacent demand, and above-average occupancy stability relative to its revenue-to-price fundamentals.
Key investment factors
"Oak Harbor earns an "Attractive Opportunity" designation with its ROI score of 61, reflecting a market where healthy demand and revenue fundamentals align reasonably well with property costs. Seasonality is the defining feature here: August generates roughly four times the revenue of January ($7,333 vs. $1,821), so investors need to budget for soft winter months while capitalizing on a strong June-through-September window. The above-average occupancy stability factor is encouraging for cash-flow predictability, though the below-average supply/demand balance suggests the rapid 132% year-over-year listing growth is something to watch closely. Overall, this is a market that rewards strategic property selection — particularly larger units — and disciplined pricing through the shoulder and off-peak seasons."
— Rabbu Market Analysis Team
Oak Harbor displays sharp seasonality, with August peaking at $7,333 and January bottoming out at $1,821 — a spread of more than 4x. The June-through-September window accounts for the bulk of annual revenue, so investors should plan cash flow around a concentrated earning season and expect leaner returns from November through March.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,821 |
| February |
|
$2,239 |
| March |
|
$2,771 |
| April |
|
$3,162 |
| May |
|
$3,675 |
| June |
|
$4,426 |
| July |
|
$6,381 |
| August |
|
$7,333 |
| September |
|
$4,603 |
| October |
|
$3,253 |
| November |
|
$2,719 |
| December |
|
$2,634 |
Two-bedroom units lead the supply with 21 listings, followed by 1-bedrooms (15) and 3-bedrooms (14), while studios have just 6 listings. The relatively even distribution between 3- and 4-bedroom properties (14 and 13, respectively) suggests investor interest in larger configurations, though the limited studio supply could represent a niche opportunity for budget-conscious travelers.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
6 |
| 1 bedroom |
|
15 |
| 2 bedrooms |
|
21 |
| 3 bedrooms |
|
14 |
| 4 bedrooms |
|
13 |
ADR scales steadily from $124 for studios to $365 for 4-bedroom homes, nearly tripling across the size spectrum. The jump from 3-bedroom ($294) to 4-bedroom ($365) represents a meaningful premium that, combined with significantly higher occupancy, makes larger properties particularly compelling from a rate perspective.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$124 |
| 1 bedroom |
|
$174 |
| 2 bedrooms |
|
$220 |
| 3 bedrooms |
|
$294 |
| 4 bedrooms |
|
$365 |
Four-bedroom properties dominate RevPAN at $162, more than double the next closest tier (3-bedrooms at $66) and over four times the studio figure of $37. This outsized gap reflects both higher nightly rates and substantially better occupancy for larger homes, making them the clear revenue-efficiency leaders in Oak Harbor.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$37 |
| 1 bedroom |
|
$39 |
| 2 bedrooms |
|
$48 |
| 3 bedrooms |
|
$66 |
| 4 bedrooms |
|
$162 |
Four-bedroom properties stand out with a 44% occupancy rate, nearly double the 22% seen for 1- and 2-bedroom units. Studios hold a respectable 31%, while mid-size properties cluster in the low 20s — suggesting that group and family travelers booking larger homes provide more consistent demand than couples or solo visitors.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
31% |
| 1 bedroom |
|
22% |
| 2 bedrooms |
|
22% |
| 3 bedrooms |
|
23% |
| 4 bedrooms |
|
44% |
Monthly revenue rises consistently with property size, from $2,149 for studios to $6,721 for 4-bedroom homes, with a notable jump between 3-bedrooms ($4,493) and 4-bedrooms. Investors looking for the strongest monthly cash flow should prioritize larger configurations, as the gap between a 2-bedroom ($3,855) and a 4-bedroom is roughly $2,866 per month.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$2,149 |
| 1 bedroom |
|
$2,355 |
| 2 bedrooms |
|
$3,855 |
| 3 bedrooms |
|
$4,493 |
| 4 bedrooms |
|
$6,721 |
Annual revenue ranges from $25,788 for studios to $80,662 for 4-bedroom properties, with the largest homes generating more than three times what studios earn. The 4-bedroom tier's $80,662 annual average represents the strongest return potential in the market and should be weighed against higher acquisition and operating costs when evaluating net yield.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$25,788 |
| 1 bedroom |
|
$28,270 |
| 2 bedrooms |
|
$46,262 |
| 3 bedrooms |
|
$53,916 |
| 4 bedrooms |
|
$80,662 |
Parking tops the amenity list at 99%, reflecting Oak Harbor's car-dependent island setting, while self check-in and a full kitchen both appear in 90% of listings — clear baseline expectations from guests. Notably, 44% of listings highlight waterfront access and 41% offer beach access, underscoring the coastal lifestyle that drives visitor interest and differentiates top-performing properties.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
99% |
| Self Check-in |
|
90% |
| Kitchen |
|
90% |
| Outdoor Furniture |
|
77% |
| Backyard |
|
77% |
| Dryer |
|
75% |
| Patio or Balcony |
|
75% |
| Washer |
|
75% |
| Workspace |
|
74% |
| BBQ Grill |
|
69% |
| Pets |
|
44% |
| Waterfront |
|
44% |
| Beach Access |
|
41% |
| Hot Tub |
|
22% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Oak Harbor Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Below average | 15% |
Oak Harbor's ROI score of 61 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where revenue fundamentals and occupancy stability create a reasonable foundation for investment returns. The average revenue-to-price ratio and above-average occupancy stability are the primary strengths, while the below-average supply/demand balance — driven by rapid listing growth — warrants monitoring as the market matures. Investors should pair these data-driven insights with thorough research into local permitting requirements and neighborhood-level demand patterns before committing capital.
Understanding local STR regulations is essential before investing in Oak Harbor. Here's the current regulatory landscape:
Short-term rental operators in Oak Harbor, Washington may need to obtain a local business license or STR permit before listing their property. Investors should verify current registration and permitting requirements directly with the City of Oak Harbor and Island County, as rules can change with limited notice.
Common restrictions in Washington STR markets include occupancy limits based on property size, minimum-stay requirements, noise ordinances, and designated parking standards. HOA rules in specific neighborhoods may impose additional limitations such as rental frequency caps or outright bans, so reviewing CC&Rs before purchasing is essential.
Short-term rental hosts in Washington State are typically responsible for collecting and remitting state lodging tax, local sales tax, and any applicable tourism or convention taxes. Platforms like Airbnb often collect some taxes automatically, but operators should confirm with the Washington Department of Revenue that all obligations are fully met.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Oak Harbor can provide current regulatory guidance.
Financing an Airbnb investment in Oak Harbor requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Oak Harbor's short-term rental market is expected to see continued seasonal strength, with summer months likely sustaining the lion's share of annual revenue. We estimate ADR could drift upward by 1–3% as the listing base matures and hosts optimize pricing, while occupancy may settle in the 25–30% range on an annualized basis given the strong summer-winter spread. The 132% year-over-year growth in active listings signals rising investor interest, which could moderate per-listing revenue if supply outpaces demand growth. Investors entering the market should plan conservatively around off-season cash flow and lean on peak-month performance to drive returns."
— 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 historical averages and market conditions may have shifted since the last update. Local regulations and tax obligations can change; investors should verify current rules with Oak Harbor and Island County authorities before purchasing.
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