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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Pendleton offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Pendleton, OR is a small but growing short-term rental market with just 33 active Airbnb listings and an average annual revenue of $28,081 per property. With an average daily rate of $180 — well below Oregon's $383 state average — and home values around $429,404, the market offers a relatively affordable entry point for investors seeking exposure to eastern Oregon's tourism and event-driven demand. Listing growth of 264% year-over-year signals rising investor interest, though occupancy at 32% suggests the market is still maturing.
According to Rabbu market data, the Pendleton short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 33 |
| Average Daily Rate (ADR) | vs. $383 state avg. | $180 |
| Average Occupancy Rate | vs. 33% state avg. | 32% |
| RevPAN | ADR * Occupancy Rate | $56 |
| Average Monthly Revenue | Historical 12-month average | $2,340 |
| Average Annual Revenue | Historical 12-month average | $28,081 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Pendleton appeals to investors who want an affordable Oregon market with rising demand, favorable revenue-to-price ratios, and event-driven booking spikes.
Key investment factors
"With an ROI score of 57 out of 100, Pendleton represents an attractive but nuanced opportunity. The market's strength lies in its favorable revenue-to-price ratio and above-average growth trajectory, making it appealing for investors who can tolerate below-average occupancy stability. Seasonality is significant — September leads at $3,642 in average monthly revenue while January dips to just $1,017 — so cash-flow planning around these swings is essential. Investors targeting larger properties (3–4 bedrooms) will find the strongest revenue potential, though the small overall supply of 33 listings means individual property performance can vary widely."
— Rabbu Market Analysis Team
Revenue in Pendleton follows a sharply seasonal pattern, peaking at $3,642 in September and bottoming out at $1,017 in January — a 3.6x spread that investors need to plan around. The summer-to-early-fall corridor (June through September) consistently delivers $3,000+ months, while November through March stays below $2,000.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,017 |
| February |
|
$1,327 |
| March |
|
$1,948 |
| April |
|
$2,102 |
| May |
|
$2,961 |
| June |
|
$3,200 |
| July |
|
$3,455 |
| August |
|
$2,933 |
| September |
|
$3,642 |
| October |
|
$2,156 |
| November |
|
$1,873 |
| December |
|
$1,462 |
Three-bedroom properties lead the supply count with 10 listings, followed closely by 1-bedrooms at 9, while 2-bedroom (6) and 4-bedroom (5) units are less represented. The relatively thin supply across all sizes — just 33 total listings — means well-positioned properties in any category could capture meaningful market share.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
9 |
| 2 bedrooms |
|
6 |
| 3 bedrooms |
|
10 |
| 4 bedrooms |
|
5 |
ADR jumps dramatically at the larger end of the spectrum, with 4-bedroom properties commanding $310 per night versus $127 for 1-bedrooms and $124 for 2-bedrooms. The $167 rate for 3-bedrooms represents a solid middle ground, though the leap to 4-bedroom pricing suggests a premium guest segment willing to pay nearly double for larger accommodations.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$127 |
| 2 bedrooms |
|
$124 |
| 3 bedrooms |
|
$167 |
| 4 bedrooms |
|
$310 |
RevPAN scales steadily with property size, from $39–$40 for 1- and 2-bedroom listings up to $86 for 4-bedroom properties. This more than 2x gap indicates that larger homes generate significantly more revenue per available night even after accounting for their lower occupancy rates.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$39 |
| 2 bedrooms |
|
$40 |
| 3 bedrooms |
|
$51 |
| 4 bedrooms |
|
$86 |
Occupancy rates are remarkably uniform across property sizes, ranging from 28% for 4-bedroom homes to 32% for 2-bedroom listings. This consistency suggests that demand limitations are market-wide rather than size-specific, and investors should prioritize rate optimization over occupancy-boosting strategies.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
31% |
| 2 bedrooms |
|
32% |
| 3 bedrooms |
|
31% |
| 4 bedrooms |
|
28% |
Monthly revenue nearly quadruples from 1-bedroom listings ($1,001) to 4-bedroom properties ($3,778), with 3-bedrooms earning a respectable $2,443. For investors weighing acquisition costs against cash flow, the jump from 2-bedroom ($1,836) to 3-bedroom revenue provides a strong incremental return.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$1,001 |
| 2 bedrooms |
|
$1,836 |
| 3 bedrooms |
|
$2,443 |
| 4 bedrooms |
|
$3,778 |
Four-bedroom properties lead the market with $45,347 in average annual revenue, nearly four times the $12,023 generated by 1-bedroom units. Three-bedroom homes at $29,321 per year offer a compelling balance of revenue potential and likely lower acquisition costs compared to larger properties.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$12,023 |
| 2 bedrooms |
|
$22,043 |
| 3 bedrooms |
|
$29,321 |
| 4 bedrooms |
|
$45,347 |
Every active listing in Pendleton offers parking (100%), signaling it's a non-negotiable amenity in this car-dependent market, while kitchen (91%), backyard (88%), and self check-in (88%) round out the essentials. Pet-friendliness at 61% and workspace availability at 52% suggest a guest base that includes both families and remote workers, while hot tubs and gyms (3% each) represent clear differentiation opportunities.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
91% |
| Backyard |
|
88% |
| Self Check-in |
|
88% |
| Patio or Balcony |
|
76% |
| Dryer |
|
73% |
| Outdoor Furniture |
|
73% |
| Washer |
|
70% |
| Pets |
|
61% |
| Workspace |
|
52% |
| BBQ Grill |
|
36% |
| Gym |
|
3% |
| Hot Tub |
|
3% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Pendleton Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
Pendleton's ROI score of 57 out of 100 places it in the "Attractive Opportunity" band, reflecting a market with solid fundamentals tempered by some risk factors. The average revenue-to-price ratio and balanced supply/demand dynamics are encouraging, and the above-average market growth trend suggests momentum is building — but below-average occupancy stability means income can swing considerably between peak and slow months. Investors should pair this data with thorough local regulatory research and conservative cash-flow modeling to account for Pendleton's seasonal demand patterns.
Understanding local STR regulations is essential before investing in Pendleton. Here's the current regulatory landscape:
Short-term rental operators in Pendleton, Oregon may need to obtain a business license or STR permit from the city before listing their property. Investors should verify current registration requirements with the City of Pendleton and Umatilla County, as local regulations can change.
Common restrictions in Oregon STR markets can include occupancy limits, noise ordinances, parking requirements, and minimum-stay rules. Some properties may also be subject to HOA covenants that limit or prohibit short-term rentals, so it's important to review all applicable deed restrictions before purchasing.
STR hosts in Oregon are generally subject to state transient lodging tax, and Pendleton or Umatilla County may impose additional local lodging taxes. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should confirm their full obligations with a local tax advisor.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Pendleton can provide current regulatory guidance.
Financing an Airbnb investment in Pendleton requires lenders who understand STR income. Rabbu partner lenders offer:
"Looking ahead 12–18 months, Pendleton's above-average market growth trend is encouraging and could support modest ADR increases in the 3–5% range as the market gains visibility. Occupancy rates may settle in the 30–35% range as new supply absorbs, though strong seasonal spikes — particularly around September — hint at event-driven demand that could push peak-month performance even higher. Investors should plan for pronounced seasonality, with winter months generating roughly a third of peak-season revenue, and budget accordingly for slower periods."
— 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 may not capture very recent market shifts. Local regulations, permit requirements, and tax obligations can change; investors should verify current rules with local authorities before purchasing.
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