Washington is home to many thriving short-term rental markets, but identifying the top-performing cities can be overwhelming, especially when combing through data from countless locations across the state.
To simplify this process, we analyzed data from markets statewide and compiled a list of the top 20 cities for investors and landlords seeking potentially high-return rental properties in the coming year.
As always, we recommend thorough underwriting and analysis of any prospective property and a review of local short-term rental regulations before making any investment decisions.
How We Created This List
First, we looked at all Airbnb listings in Washington that met the following criteria as of January 2025:
- Average Rating: 4.8 stars and above
- Guest Review Count: Minimum of 10
- Average Daily Rate: $1 (minimum) to $2,000 (maximum)
- Occupancy Rate: 1% (minimum) to 99% (maximum)
- Property Size: 1 to 10 bedrooms
- Property Type: Entire homes
We did this to eliminate Airbnb listings from our analysis that fall outside of what we consider "realistic" situations. This left us with a total of 10,020 Airbnb listings across the state of Washington to work with.
Next, we grouped these listings by city and eliminated markets that didn't have at least 75 Airbnb listings meeting the above criteria. We took this step to avoid outlier cities we felt didn't have enough data to be considered at this current time. This left us with 46 cities in Washington to rank.
Then, we needed to arrive at a gross yield number for each of our remaining cities in order to create our rankings. We did this by taking the average annual Airbnb revenue for each city and combining it with the cities median property value (from Zillow as of December 2024) to calculate our gross yield for each city.
Finally, we ordered the cities by highest gross yield.
The Top 20 STR Markets in Washington
1. Forks, WA
Forks, WA, is an alluring destination for real estate investors eyeing the short-term rental market with its charming vacation homes and stunning natural attractions. Known as the gateway to the Olympic National Park, this quaint town offers lush landscapes and adventures for tourists. The annual Forks Old-Fashioned Fourth of July celebration and the popular Quileute Days bring an influx of visitors, enhancing tourism opportunities for Airbnbs and vacation rentals. With steady rental income potential and good return prospects, Forks is among the best places to consider for real estate investing in 2025.
Key STR Metrics:
- Average Gross Yield: 11.4%
- Average Property Value: $472,624 (as of December 2024)
- Average Annual Revenue: $53,867 (past 12 months)
- Average Occupancy Rate: 45% (past 12 months)
- Qualifying Airbnbs: 168 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 177%
Find Airbnbs For Sale in Forks, WA →
2. Long Beach, WA
Long Beach, WA, is a hidden gem for real estate investors eyeing the short-term rental market. Known for its stunning beachfront, vibrant tourism culture, and attractions like the annual International Kite Festival, it's a prime location for vacation rentals. Boasting a dynamic housing market, the city offers exciting opportunities for those seeking investment properties. With diverse events, easy access to local attractions, and an engaged community, Long Beach promises strong rental income potential for Airbnb hosts looking for good return and cash flow.
Key STR Metrics:
- Average Gross Yield: 9.9%
- Average Property Value: $522,018 (as of December 2024)
- Average Annual Revenue: $51,556 (past 12 months)
- Average Occupancy Rate: 36% (past 12 months)
- Qualifying Airbnbs: 90 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 77%
Find Airbnbs For Sale in Long Beach, WA →
3. Port Angeles, WA
Nestled on the Olympic Peninsula, Port Angeles, WA, is a gem for real estate investors eyeing the short-term rental market. The area offers stunning attractions like Olympic National Park and Hurricane Ridge, ideal for attracting nature-loving tourists. Annual events such as the Dungeness Crab & Seafood Festival draw visitors year-round. With these attractions and a blossoming housing market, real estate investment in vacation homes here promises a good return, making it one of the best places for investors seeking reliable rental income from Airbnb guests.
Key STR Metrics:
- Average Gross Yield: 9.5%
- Average Property Value: $643,228 (as of December 2024)
- Average Annual Revenue: $60,833 (past 12 months)
- Average Occupancy Rate: 48% (past 12 months)
- Qualifying Airbnbs: 438 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 52%
Find Airbnbs For Sale in Port Angeles, WA →
4. Ashford, WA
Ashford, WA, nestled at the gateway to Mount Rainier National Park, offers a thriving short-term rental market perfect for real estate investors seeking strong rental income and good returns. This charming town attracts tourists with its stunning natural attractions and outdoor activities like hiking, skiing, and wildlife viewing. Investors will find Ashford's vacation homes ideal for Airbnb hosting, thanks to nearby attractions like Mount Rainier and the delightful annual Rainier Festival. Ashford is a top choice for the best places to invest in vacation rentals and capitalize on the booming tourist influx.
Key STR Metrics:
- Average Gross Yield: 9.3%
- Average Property Value: $511,340 (as of December 2024)
- Average Annual Revenue: $47,419 (past 12 months)
- Average Occupancy Rate: 50% (past 12 months)
- Qualifying Airbnbs: 206 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 96%
Find Airbnbs For Sale in Ashford, WA →
5. Walla Walla, WA
Walla Walla, WA, is a hidden gem for real estate investors eyeing the flourishing short-term rental market in 2025. Known for its award-winning wineries and vibrant arts scene, it's a top pick for tourists and Airbnb guests. Annual events such as the Balloon Stampede and Walla Walla Fair entice vacationers, driving up rental income potential for short-term rental properties. With attractions like Whitman Mission National Historic Site and local sports events, vacation homes promise good returns and steady cash flow in this thriving real estate market.
Key STR Metrics:
- Average Gross Yield: 8.8%
- Average Property Value: $621,257 (as of December 2024)
- Average Annual Revenue: $54,537 (past 12 months)
- Average Occupancy Rate: 40% (past 12 months)
- Qualifying Airbnbs: 193 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 77%
Find Airbnbs For Sale in Walla Walla, WA →
6. Ocean Shores, WA
Nestled along Washington's stunning coastline, Ocean Shores is a gem for real estate investors seeking a vibrant short-term rental market. With breathtaking beaches, a thriving art scene, and events like the Sand and Sawdust Festival, it attracts tourists year-round. Visitors can enjoy kite flying, horseback riding, and golfing, while sports enthusiasts cheer for the local surfing contests. As a top destination for vacation homes, the area's strong tourism ensures steady rental income for Airbnb hosts, making it one of the best places for investment properties.
Key STR Metrics:
- Average Gross Yield: 8.7%
- Average Property Value: $475,787 (as of December 2024)
- Average Annual Revenue: $41,153 (past 12 months)
- Average Occupancy Rate: 35% (past 12 months)
- Qualifying Airbnbs: 127 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 45%
Find Airbnbs For Sale in Ocean Shores, WA →
7. Pullman, WA
Pullman, WA is a hidden gem for real estate investors seeking lucrative short-term rental properties. Home to Washington State University, the city draws thousands of visitors year-round for collegiate sports events and its vibrant campus culture. Key attractions include the WSU Arboretum and the charming downtown area. Pullman's annual Lentil Festival further boosts tourism, offering rental property owners good return prospects. With a strong housing market, investing in Pullman vacation homes can provide excellent cash flow for Airbnb hosts catering to diverse guests.
Key STR Metrics:
- Average Gross Yield: 8.6%
- Average Property Value: $571,845 (as of December 2024)
- Average Annual Revenue: $49,092 (past 12 months)
- Average Occupancy Rate: 42% (past 12 months)
- Qualifying Airbnbs: 78 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 67%
Find Airbnbs For Sale in Pullman, WA →
8. Quincy, WA
Quincy, WA is a hidden gem for real estate investors seeking lucrative short-term rental markets. This charming town, surrounded by the natural beauty of the Columbia Basin, offers abundant opportunities for vacation rentals. Quincy attracts tourists with attractions like the Gorge Amphitheatre, known for its breathtaking views and world-class concerts, and local wineries offering exquisite tasting experiences. The annual Potato Festival and nearby hiking trails provide diverse entertainment, ensuring a steady flow of visitors and enhancing rental income potential.
Key STR Metrics:
- Average Gross Yield: 8.0%
- Average Property Value: $650,075 (as of December 2024)
- Average Annual Revenue: $51,951 (past 12 months)
- Average Occupancy Rate: 24% (past 12 months)
- Qualifying Airbnbs: 104 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 111%
Find Airbnbs For Sale in Quincy, WA →
9. Bremerton, WA
Bremerton, WA is an appealing destination for short-term rental investors due to its vibrant attractions and robust tourism. This waterfront city offers visitors scenic views, the renowned USS Turner Joy, and the Puget Sound Navy Museum. Sports enthusiasts enjoy Bremerton's local events, while seasonal festivals draw tourists year-round. The city's thriving vacation rentals market, coupled with steady rental income potential, makes it an ideal spot for real estate investors seeking profitable cash flow in the rental property sector.
Key STR Metrics:
- Average Gross Yield: 7.9%
- Average Property Value: $593,662 (as of December 2024)
- Average Annual Revenue: $46,902 (past 12 months)
- Average Occupancy Rate: 49% (past 12 months)
- Qualifying Airbnbs: 119 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 73%
Find Airbnbs For Sale in Bremerton, WA →
10. Westport, WA
Westport, WA, is a vibrant coastal town ideal for real estate investors eyeing the short-term rental market. Known for its stunning beaches, charming lighthouses, and world-class fishing, Westport attracts tourists year-round. Special events like the Annual Washington State International Kite Festival and Westport's Crab Races entice visitors. The local real estate market offers vacation homes that promise good return and cash flow. Whether you're an Airbnb host or looking for investment property, Westport is one of the best places for a lucrative rental property.
Key STR Metrics:
- Average Gross Yield: 7.8%
- Average Property Value: $442,090 (as of December 2024)
- Average Annual Revenue: $34,583 (past 12 months)
- Average Occupancy Rate: 29% (past 12 months)
- Qualifying Airbnbs: 85 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 45%
Find Airbnbs For Sale in Westport, WA →
11. Deming, WA
Nestled in the scenic Pacific Northwest, Deming, WA, offers a thriving short-term rental market that entices real estate investors. Known for its proximity to Mount Baker Ski Area and Nooksack River's outdoor adventures, this quaint town attracts tourists year-round. Visitors enjoy hiking, skiing, and cultural festivals like the Mount Baker Blues Festival. Vacation rentals in Deming promise good returns, making it one of the best places for real estate investing. Becoming an Airbnb host here can yield substantial rental income with strong tourism demand.
Key STR Metrics:
- Average Gross Yield: 7.7%
- Average Property Value: $653,767 (as of December 2024)
- Average Annual Revenue: $50,552 (past 12 months)
- Average Occupancy Rate: 32% (past 12 months)
- Qualifying Airbnbs: 159 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 97%
Find Airbnbs For Sale in Deming, WA →
12. Leavenworth, WA
Leavenworth, WA is a charming Bavarian-themed village nestled in the Cascade Mountains, making it one of the best places for short-term rental market opportunities. With its enchanting Alpine architecture, a vibrant array of attractions including the annual Oktoberfest, Christmas Lighting Festival, and nearby ski resorts, Leavenworth entices visitors year-round. Real estate investors find good returns on vacation homes here, as tourists flock for hiking, wine tasting, and unique cultural experiences, ensuring lucrative rental income for vacation rentals and Airbnb hosts.
Key STR Metrics:
- Average Gross Yield: 7.7%
- Average Property Value: $1,054,327 (as of December 2024)
- Average Annual Revenue: $81,455 (past 12 months)
- Average Occupancy Rate: 44% (past 12 months)
- Qualifying Airbnbs: 424 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 69%
Find Airbnbs For Sale in Leavenworth, WA →
13. Oak Harbor, WA
Oak Harbor, WA, is a charming destination for short-term rental market enthusiasts, offering a robust tourism scene. Attracting visitors year-round, Oak Harbor is home to scenic waterfront parks, Deception Pass State Park's breathtaking views, and Naval Air Station Whidbey Island's historical allure. The housing market is ripe for vacation rentals, providing real estate investors and Airbnb hosts with lucrative rental income opportunities. Travelers enjoy the annual Whidbey Island Marathon and vibrant farmers' markets, ensuring Oak Harbor is one of the best places for cash flow and real estate investing.
Key STR Metrics:
- Average Gross Yield: 7.7%
- Average Property Value: $674,224 (as of December 2024)
- Average Annual Revenue: $51,799 (past 12 months)
- Average Occupancy Rate: 41% (past 12 months)
- Qualifying Airbnbs: 86 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 60%
Find Airbnbs For Sale in Oak Harbor, WA →
14. Cle Elum, WA
Cle Elum, WA, nestled in the scenic Cascade Mountains, offers promising opportunities for real estate investing, particularly in the short-term rental market. Known for its stunning natural attractions such as Suncadia Resort and Cle Elum Lake, this town entices vacationers year-round. Outdoor enthusiasts can explore hiking trails, skiing, golf, and fishing. With events like the Pioneer Days Festival and golf tournaments, Cle Elum provides steady rental income potential for short-term rental properties. Real estate investors can expect a good return, making it one of the best places for STR investments.
Key STR Metrics:
- Average Gross Yield: 7.5%
- Average Property Value: $1,247,607 (as of December 2024)
- Average Annual Revenue: $94,139 (past 12 months)
- Average Occupancy Rate: 32% (past 12 months)
- Qualifying Airbnbs: 233 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 80%
Find Airbnbs For Sale in Cle Elum, WA →
15. Packwood, WA
Packwood, WA, nestled near Mount Rainier, is a top choice for vacation homes and attracts tourists year-round with its stunning landscapes and outdoor activities. The short-term rental market here thrives due to popular attractions like Mount Rainier National Park and White Pass Ski Area, offering real estate investors promising opportunities. Seasonal events such as the Packwood Flea Market lure thousands of visitors, ensuring consistent rental income for Airbnb hosts. Real estate investing in Packwood promises good returns and cash flow in an evolving housing market.
Key STR Metrics:
- Average Gross Yield: 7.5%
- Average Property Value: $638,415 (as of December 2024)
- Average Annual Revenue: $48,027 (past 12 months)
- Average Occupancy Rate: 44% (past 12 months)
- Qualifying Airbnbs: 208 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 66%
Find Airbnbs For Sale in Packwood, WA →
16. Winthrop, WA
Winthrop, WA is a charming town that offers a strong short-term rental market ideal for real estate investors seeking vacation homes with good return potential. Known for its Old West-style downtown, Winthrop attracts tourists year-round with attractions like the Methow Valley cross-country skiing trails. This cozy destination hosts events such as the Winthrop Rhythm & Blues Festival and provides excellent airbnb opportunities for hosting visitors. Its scenic landscapes and vibrant tourism make it one of the best places for short-term rental properties, ensuring solid rental income and positive cash flow.
Key STR Metrics:
- Average Gross Yield: 7.4%
- Average Property Value: $927,219 (as of December 2024)
- Average Annual Revenue: $68,224 (past 12 months)
- Average Occupancy Rate: 45% (past 12 months)
- Qualifying Airbnbs: 80 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 62%
Find Airbnbs For Sale in Winthrop, WA →
17. Shelton, WA
Shelton, WA, a charming city nestled in the picturesque Pacific Northwest, offers a thriving short-term rental market for real estate investors seeking good returns. Known for its lush forests and proximity to Olympic National Park, it's an ideal spot for Airbnb hosts. Visitors are drawn to attractions like the Mason County Historical Museum and outdoor activities at Hood Canal. The city hosts annual events like the Mason County Forest Festival, enticing tourists year-round. With its stable housing market, Shelton provides enticing opportunities for cash flow from vacation rentals.
Key STR Metrics:
- Average Gross Yield: 7.2%
- Average Property Value: $617,024 (as of December 2024)
- Average Annual Revenue: $44,560 (past 12 months)
- Average Occupancy Rate: 37% (past 12 months)
- Qualifying Airbnbs: 104 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 102%
Find Airbnbs For Sale in Shelton, WA →
18. Port Orchard, WA
Port Orchard, WA, is a gem for real estate investors seeking high rental income from vacation rentals. Nestled along the scenic Puget Sound, this charming town attracts tourists with its picturesque waterfront, vibrant local arts scene, and outdoor attractions like the nearby Olympic National Forest. Popular events such as the Cedar Cove Days and local farmers' markets draw visitors year-round, making it one of the best places for short-term rental properties. The thriving tourism and unique charm of Port Orchard offer great cash flow opportunities for real estate investments in the short-term rental market.
Key STR Metrics:
- Average Gross Yield: 6.9%
- Average Property Value: $695,383 (as of December 2024)
- Average Annual Revenue: $47,936 (past 12 months)
- Average Occupancy Rate: 43% (past 12 months)
- Qualifying Airbnbs: 75 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 86%
Find Airbnbs For Sale in Port Orchard, WA →
19. Yakima, WA
Yakima, WA, is a hidden gem for investors eyeing the short-term rental market. Known for its stunning vineyards and orchards, Yakima offers vacation homes with a promising real estate market. Tourists flock to the Yakima Valley for its annual Central Washington State Fair and the Yakima Valley SunDome events. The city's vibrant sports scene includes the Yakima Pippins baseball team. With attractions like the Yakima Greenway and substantial rental income potential, it's one of the best places for real estate investing and hosting Airbnb guests for a good return.
Key STR Metrics:
- Average Gross Yield: 6.6%
- Average Property Value: $494,166 (as of December 2024)
- Average Annual Revenue: $32,606 (past 12 months)
- Average Occupancy Rate: 41% (past 12 months)
- Qualifying Airbnbs: 89 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 113%
Find Airbnbs For Sale in Yakima, WA →
20. Vancouver, WA
Vancouver, WA, is a prime spot for short-term rental properties with its burgeoning real estate market offering promising opportunities for real estate investors and Airbnb hosts. Nestled by the stunning Columbia River, vacation rentals here attract tourists with easy access to Mount St. Helens, Fort Vancouver, and the vibrant Waterfront Renaissance Trail. The city's lively events like the Vancouver Wine & Jazz Festival and its proximity to Portland's sports teams draw a diverse range of guests, making it one of the best places for rental income and good returns.
Key STR Metrics:
- Average Gross Yield: 6.0%
- Average Property Value: $651,122 (as of December 2024)
- Average Annual Revenue: $38,842 (past 12 months)
- Average Occupancy Rate: 47% (past 12 months)
- Qualifying Airbnbs: 267 (as of January 2025)
- Year-Over-Year Growth in Airbnbs: 82%