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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Vashon presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Vashon, a quiet island community in Washington's Puget Sound, offers a niche short-term rental market with 88 active Airbnb listings and an average annual revenue of $37,376. The market's average daily rate of $286 sits below Washington's $393 state average, but high home values averaging $1,264,949 create a challenging revenue-to-price ratio. With 124% year-over-year growth in active listings, investor interest is clearly rising — though the increased competition means deal selection matters more than ever.
According to Rabbu market data, the Vashon short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 88 |
| Average Daily Rate (ADR) | vs. $393 state avg. | $286 |
| Average Occupancy Rate | vs. 36% state avg. | 33% |
| RevPAN | ADR * Occupancy Rate | $94 |
| Average Monthly Revenue | Historical 12-month average | $3,114 |
| Average Annual Revenue | Historical 12-month average | $37,376 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Vashon attracts investor attention due to its unique island setting near Seattle, strong summer tourism appeal, and the premium pricing that larger properties can command.
Key investment factors
"Vashon presents a competitive opportunity that rewards careful property selection over broad market entry. Revenue is concentrated in the summer months — July peaks at $5,062 on average while February dips to just $1,716 — creating a pronounced seasonal pattern that investors need to budget around. The ROI score of 48 out of 100 reflects a below-average revenue-to-price ratio and growing supply pressure, though occupancy stability and market growth hold at average levels. Larger properties represent the strongest revenue potential, but the island's high home values mean investors should model returns conservatively and account for several lean winter months."
— Rabbu Market Analysis Team
Vashon's revenue cycle is sharply seasonal: July leads at $5,062 per month while February bottoms out at $1,716, a spread of nearly 3x. The summer window from June through August accounts for the heaviest earning period, and investors should plan for materially lower income from November through March.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,745 |
| February |
|
$1,716 |
| March |
|
$2,632 |
| April |
|
$2,404 |
| May |
|
$3,332 |
| June |
|
$4,551 |
| July |
|
$5,062 |
| August |
|
$5,019 |
| September |
|
$3,642 |
| October |
|
$2,770 |
| November |
|
$2,234 |
| December |
|
$2,263 |
One-bedroom units dominate Vashon's supply with 39 of the 88 active listings, followed by 2-bedrooms at 18 and 3-bedrooms at 12. Larger properties (4 bedrooms) represent only 8 listings, which could signal a less crowded competitive landscape for investors targeting higher-revenue, larger homes.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
6 |
| 1 bedroom |
|
39 |
| 2 bedrooms |
|
18 |
| 3 bedrooms |
|
12 |
| 4 bedrooms |
|
8 |
ADR scales steeply with bedroom count in Vashon — from $137 for studios up to $458 for 4-bedroom properties. The jump from 2 bedrooms ($261) to 3 bedrooms ($420) is particularly notable, suggesting guests are willing to pay a significant premium for added space on the island.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$137 |
| 1 bedroom |
|
$151 |
| 2 bedrooms |
|
$261 |
| 3 bedrooms |
|
$420 |
| 4 bedrooms |
|
$458 |
RevPAN rises with property size, from $53 for studios to $121 for 4-bedroom homes, though the gap between 3-bedrooms ($120) and 4-bedrooms ($121) is minimal. This suggests that 3-bedroom properties may offer a strong balance of revenue efficiency and lower acquisition cost compared to the largest homes.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$53 |
| 1 bedroom |
|
$56 |
| 2 bedrooms |
|
$77 |
| 3 bedrooms |
|
$120 |
| 4 bedrooms |
|
$121 |
Smaller properties fill more consistently — studios at 39% and 1-bedrooms at 37% — while 4-bedroom listings average just 27% occupancy. Investors in larger properties should expect fewer bookings but higher revenue per stay, making pricing strategy and seasonal flexibility critical for cash-flow management.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
39% |
| 1 bedroom |
|
37% |
| 2 bedrooms |
|
30% |
| 3 bedrooms |
|
29% |
| 4 bedrooms |
|
27% |
Four-bedroom properties are the clear top earners at $7,800 per month on average, nearly double the $4,278 for 3-bedrooms and more than triple the $2,098 for 1-bedrooms. Studios slightly outperform 1-bedroom units at $2,245 monthly, possibly due to competitive pricing and higher occupancy.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$2,245 |
| 1 bedroom |
|
$2,098 |
| 2 bedrooms |
|
$3,814 |
| 3 bedrooms |
|
$4,278 |
| 4 bedrooms |
|
$7,800 |
Annual revenue ranges from $25,187 for 1-bedroom listings to $93,608 for 4-bedroom properties, highlighting the outsized income potential of larger homes on Vashon. However, given the island's high property values, investors should carefully model acquisition costs against these revenue figures to ensure viable returns.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$26,947 |
| 1 bedroom |
|
$25,187 |
| 2 bedrooms |
|
$45,776 |
| 3 bedrooms |
|
$51,342 |
| 4 bedrooms |
|
$93,608 |
Parking (98%) and kitchen access (97%) are near-universal, reflecting guest expectations for self-sufficient island stays. Outdoor amenities — backyards, patios, outdoor furniture, and BBQ grills — feature in 56–73% of listings, underscoring that guests come to Vashon for the outdoor experience, and listings without these features may struggle to compete.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
98% |
| Kitchen |
|
97% |
| Backyard |
|
73% |
| Patio or Balcony |
|
73% |
| Outdoor Furniture |
|
73% |
| Self Check-in |
|
68% |
| Washer |
|
63% |
| Dryer |
|
59% |
| Workspace |
|
56% |
| BBQ Grill |
|
56% |
| Beach Access |
|
46% |
| Pets |
|
36% |
| Waterfront |
|
36% |
| Beachfront |
|
21% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Vashon Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Below average | 15% |
Vashon's ROI score of 48 out of 100 places it in the Competitive Opportunity band, indicating that while demand exists, investors face headwinds from a below-average revenue-to-price ratio and a supply-demand balance that has tilted with the 124% surge in new listings. Occupancy stability and market growth trend both score at average levels, providing a baseline of reliability without strong upward momentum. Pairing this data with thorough local regulatory research and conservative financial modeling will help investors identify whether a specific Vashon property can clear the higher bar this market sets.
Understanding local STR regulations is essential before investing in Vashon. Here's the current regulatory landscape:
Short-term rental operators in Vashon, WA, which falls under unincorporated King County, may need to obtain relevant permits or register their rental with the county. Investors should verify current requirements directly with King County planning and permitting offices before listing a property.
Common restrictions that may apply to STRs in Washington include occupancy limits, noise ordinances, parking requirements, and minimum-stay mandates. Additionally, homeowners association rules on Vashon Island could impose further limitations, so reviewing any applicable HOA covenants is essential before purchasing.
Short-term rental hosts in Washington State are generally subject to state sales tax, lodging tax, and any applicable local tourism taxes. Many booking platforms collect and remit some of these taxes automatically, but hosts should confirm their full obligations with the Washington Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Vashon can provide current regulatory guidance.
Financing an Airbnb investment in Vashon requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Vashon's STR market is expected to remain heavily seasonal, with summer months driving the bulk of revenue and winter months staying soft. ADR may see modest increases of 1–3% as the island's appeal as a Pacific Northwest getaway continues to draw weekend and vacation travelers. However, the 124% surge in listing growth could put downward pressure on occupancy, which currently sits at 33% — slightly below the state average of 36%. Investors should anticipate occupancy stabilizing in the 30–35% range unless demand growth catches up with new supply."
— 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. Local regulations, permitting requirements, and tax obligations may change; always verify with relevant authorities before investing. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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