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Lake Stevens, WA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,971
Monthly Cash Flow
-$943
Principal + Equity
$5,386
Annual Total Gain
$53,322
Cash on Cash
-6.45%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$243
Occupancy Rate
70%
Monthly Revenue
$3,222
Monthly Cash Flow
-$1,175
Principal + Equity
$5,386
Annual Total Gain
$50,529
Cash on Cash %
-8.05%
Net ROI %
Market Health & Growth
Median Income
$118,290
Population
39,500
LTR Renter %
24.74%
Forecast (1 yr)
0.7%
Appreciation (1 yr)
-1.01%
Appreciation (5 yr)
46.27%
Appreciation (10 yr)
121.95%
Job Growth
0.31%
LTR Rentability
High
STR Demand
77
STR Rentals
37
Top Public Schools
BStevens Creek Elementary School
BGlenwood Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Places with the Best Public Schools in Washington
#53out of 286 markets
Best Suburbs for Young Professionals in Washington
#61out of 181 markets
Suburbs with the Best Public Schools in Washington
#42out of 181 markets
B
Public School
C
Crime And Safety
C
Housing
C
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lake Stevens, WA.
Lake Stevens, WA has regulations in place for Short Term Rentals (STR) that investors should be aware of before purchasing a property for this purpose.
1. Zoning Restrictions: Lake Stevens has specific zoning regulations that dictate where STRs are allowed to operate. Investors should check with the city's zoning department to ensure that the property they are considering purchasing is in a zone that permits short term rentals.
2. Licensing and Permits: In Lake Stevens, property owners must obtain a business license and a short term rental permit in order to legally operate a STR. These permits may come with specific requirements, such as safety inspections or occupancy limits, that investors must comply with.
3. Occupancy Taxes: Lake Stevens imposes a lodging tax on short term rentals, which must be collected and remitted by the property owner. Investors should factor in these taxes when calculating the potential profitability of their investment.
4. Noise and Nuisance Regulations: Lake Stevens has noise ordinances and other regulations in place to address potential disturbances caused by short term rentals. Investors should be aware of these regulations and ensure that their property management practices comply with them.
5. Homeowner Association Rules: If the property is located in a neighborhood with a homeowners association (HOA), investors should review the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
6. Insurance Requirements: Investors should also consider the insurance implications of operating a short term rental property in Lake Stevens. They may need to obtain additional insurance coverage, such as liability insurance, to protect themselves and their investment.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a short term rental in Lake Stevens before purchasing a property for this purpose. Failure to comply with these regulations could result in fines, penalties, or even the shutdown of the rental operation.
Market Trends Over Time
Explore 25 years of market data for Lake Stevens, WA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lake Stevens, WA.
The LTR Genie Score of Lake Stevens, WA is 69 and STR Genie Score is 70, indicating that both long-term and short-term rental opportunities in this market are rated as high. The high scores are likely due to the strong LTR and STR Net ROI percentages, as well as the positive 1-Year Price Appreciation Forecast. The LTR Rentability is also high, suggesting a stable demand for long-term rentals in the area. The STR Revenue and Occupancy rate further support the attractiveness of short-term rental investments in Lake Stevens.
Lake Stevens, WA is a growing city located in Snohomish County, known for its beautiful lake and outdoor recreational opportunities. The city offers a mix of suburban and rural living, making it an attractive destination for both residents and tourists. With a strong rental market and positive investment metrics, Lake Stevens presents a promising opportunity for real estate investors looking to capitalize on both long-term and short-term rental properties.
In conclusion, Lake Stevens, WA appears to be an attractive market for both long-term and short-term rental investments. With high LTR and STR Genie Scores, as well as favorable ROI percentages and occupancy rates, investors may find success in either rental strategy in this growing city. It is recommended for real estate investors to further research the market dynamics and consider diversifying their portfolio with properties in Lake Stevens, WA.
