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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Snoqualmie Pass presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Snoqualmie Pass offers a niche mountain-resort STR market just east of Seattle, where a small inventory of 46 active Airbnb listings commands a notably high average daily rate of $565 — well above the $393 Washington state average. With average annual revenue of $61,178 and home values around $1.3 million, the revenue-to-price ratio sits at an average level, meaning investors need to source deals carefully to hit strong cash-on-cash returns. The market's 74% year-over-year listing growth signals rising investor interest, but the compact supply base and pronounced seasonality reward operators who can optimize pricing across both ski and summer seasons.
According to Rabbu market data, the Snoqualmie Pass short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 46 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $565 |
| Average Occupancy Rate | vs. 36% state avg. | 40% |
| RevPAN | ADR * Occupancy Rate | $227 |
| Average Monthly Revenue | Historical 12-month average | $5,098 |
| Average Annual Revenue | Historical 12-month average | $61,178 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Investors are drawn to Snoqualmie Pass for its proximity to the Seattle metro, dual-season appeal spanning ski and summer recreation, and premium nightly rates that outpace most Washington markets.
Key investment factors
"Snoqualmie Pass presents a competitive but rewarding opportunity for investors willing to navigate higher entry costs and seasonal revenue swings. Peak earnings arrive in summer — July tops the chart at $8,290 in average monthly revenue — while winter months like January and February settle near $2,810–$2,856, creating a nearly 3:1 spread between the best and softest months. The market's above-average growth trend and balanced supply-demand dynamics are encouraging, though below-average occupancy stability (40% overall) means cash-flow planning should account for extended quieter stretches. Larger properties, especially 4-bedroom units, clearly outperform on both rate and occupancy, positioning them as the strongest revenue generators in this compact market."
— Rabbu Market Analysis Team
Revenue peaks sharply in summer, with July ($8,290) and August ($8,217) generating roughly three times the income of the slowest months, January ($2,856) and February ($2,810). This pronounced seasonality means investors should budget for leaner winter and early-spring months while capitalizing on the lucrative June–September stretch.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$2,856 |
| February |
|
$2,810 |
| March |
|
$4,306 |
| April |
|
$3,934 |
| May |
|
$5,453 |
| June |
|
$7,448 |
| July |
|
$8,290 |
| August |
|
$8,217 |
| September |
|
$5,962 |
| October |
|
$4,533 |
| November |
|
$3,657 |
| December |
|
$3,707 |
Four-bedroom properties dominate with 14 listings, followed by 3-bedrooms (10), 2-bedrooms (8), and 1-bedrooms (5). The relatively thin supply of smaller units could signal an opportunity for investors targeting studio or 1-bedroom condos near ski lifts, though larger homes clearly attract the most operator interest in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
5 |
| 2 bedrooms |
|
8 |
| 3 bedrooms |
|
10 |
| 4 bedrooms |
|
14 |
ADR jumps significantly at the 4-bedroom tier, reaching $729 per night — more than double the $284–$346 range seen for 1- to 3-bedroom listings. The steep premium for 4-bedroom properties suggests strong group and family demand, making larger units the most attractive from a rate perspective despite higher acquisition costs.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$284 |
| 2 bedrooms |
|
$296 |
| 3 bedrooms |
|
$346 |
| 4 bedrooms |
|
$729 |
Four-bedroom units lead RevPAN by a wide margin at $313, nearly 2.5 times the $125 figure for 3-bedrooms and over 3 times the $95 for 2-bedrooms. This indicates that larger properties convert their rate premium into actual earned revenue more efficiently, benefiting from both higher ADRs and the best occupancy in the market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$107 |
| 2 bedrooms |
|
$95 |
| 3 bedrooms |
|
$125 |
| 4 bedrooms |
|
$313 |
Occupancy ranges from 32% for 2-bedroom units to 43% for 4-bedroom properties, with 1-bedrooms (38%) and 3-bedrooms (36%) falling in between. The top occupancy for 4-bedroom listings aligns with the group-travel nature of the destination, while the lower 2-bedroom rate suggests those units face more competitive pressure or weaker demand positioning.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
38% |
| 2 bedrooms |
|
32% |
| 3 bedrooms |
|
36% |
| 4 bedrooms |
|
43% |
Monthly revenue follows a clear size gradient, with 4-bedroom listings averaging $5,863 — nearly 2.8 times the $2,119 earned by 2-bedroom units. Three-bedroom properties generate $3,156 per month, offering a middle-ground option for investors seeking lower acquisition costs while still capturing meaningful income.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$2,826 |
| 2 bedrooms |
|
$2,119 |
| 3 bedrooms |
|
$3,156 |
| 4 bedrooms |
|
$5,863 |
At $70,365 per year, 4-bedroom properties stand out as the highest revenue generators, while 3-bedrooms earn $37,879 and 1-bedrooms bring in $33,916. Two-bedroom units trail at $25,438 annually, suggesting that investors seeking the strongest top-line return potential should prioritize larger configurations in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$33,916 |
| 2 bedrooms |
|
$25,438 |
| 3 bedrooms |
|
$37,879 |
| 4 bedrooms |
|
$70,365 |
Washer, self check-in, and parking are universal at 100% prevalence, while kitchen (98%) and dryer (98%) are near-universal — reflecting guest expectations for fully equipped mountain retreats. Notably, 59% of listings offer ski-in/ski-out access, and 39% feature hot tubs, indicating that winter-oriented amenities and premium comfort features are important competitive differentiators in Snoqualmie Pass.
| Amenity | Trend | Value |
|---|---|---|
| Washer |
|
100% |
| Self Check-in |
|
100% |
| Parking |
|
100% |
| Dryer |
|
98% |
| Kitchen |
|
98% |
| Workspace |
|
70% |
| Ski-in/Ski-out |
|
59% |
| BBQ Grill |
|
57% |
| Patio or Balcony |
|
50% |
| Outdoor Furniture |
|
48% |
| Pets |
|
44% |
| Backyard |
|
44% |
| Hot Tub |
|
39% |
| Sauna |
|
15% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Snoqualmie Pass Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
With an ROI score of 41 out of 100, Snoqualmie Pass falls into the Competitive Opportunity band — investor demand and pricing are strong, but the market requires selective deal sourcing to achieve attractive returns. The revenue-to-price ratio is average given home values near $1.3 million, and occupancy stability scores below average due to the market's seasonal nature, though above-average market growth and balanced supply-demand dynamics provide a constructive foundation. Pairing this data with thorough local regulatory research and a realistic seasonal cash-flow model will help investors determine whether a specific property pencils out.
Understanding local STR regulations is essential before investing in Snoqualmie Pass. Here's the current regulatory landscape:
Short-term rental operators in Snoqualmie Pass, Washington, may need to obtain a business license and register their property with local authorities, as Kittitas County and surrounding jurisdictions have been evolving their STR ordinances. Investors should verify current permit and registration requirements directly with the county and the state of Washington before listing.
Common restrictions in mountain-community STR markets include occupancy limits tied to bedroom count, minimum-stay requirements during peak periods, noise and quiet-hour ordinances, designated parking mandates, and potential HOA or condominium association rules that may prohibit or limit short-term rentals. Investors should pay particular attention to any community-specific caps on the number of permitted STR units.
Washington State requires collection of applicable sales tax and local lodging taxes on short-term rental income, and platforms like Airbnb often remit a portion of these taxes automatically. Hosts should confirm their obligations with the Washington Department of Revenue and any local taxing authority to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Snoqualmie Pass can provide current regulatory guidance.
Financing an Airbnb investment in Snoqualmie Pass requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Snoqualmie Pass is likely to see continued listing growth as investor awareness increases, though the total inventory should remain small enough to limit outright oversaturation. Summer months — particularly June through August — are expected to sustain ADRs in the $500–$800+ range, while winter ski-season revenue may see modest 2–4% ADR gains as the resort's popularity continues to build. Occupancy could stabilize around 38–43% given the market's heavy weekend and seasonal bias, so investors should plan cash reserves for softer shoulder months. Overall, above-average market growth trends suggest demand is still catching up with supply, keeping the near-term outlook cautiously favorable."
— 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, HOA rules, and tax obligations can change; always verify current requirements with the appropriate authorities before investing. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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