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Seattle, 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
$2,238
Monthly Cash Flow
-$2,371
Principal + Equity
$4,424
Annual Total Gain
$24,647
Cash on Cash
-13.43%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$196
Occupancy Rate
74.19%
Monthly Revenue
$3,135
Monthly Cash Flow
-$1,944
Principal + Equity
$4,424
Annual Total Gain
$29,766
Cash on Cash %
-11.01%
Net ROI %
Market Health & Growth
Median Income
$121,984
Population
741,440
LTR Renter %
55.75%
Forecast (1 yr)
0.5%
Appreciation (1 yr)
-1.95%
Appreciation (5 yr)
15.05%
Appreciation (10 yr)
68.31%
Job Growth
1.35%
LTR Rentability
High
STR Demand
80
STR Rentals
7,317
Top Public Schools
ARaisbeck Aviation High School
ALincoln High School
A
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Healthiest Places to Live in America
#5out of 230 markets
Best Cities for Outdoor Activities in America
#2out of 229 markets
Best Cities for Young Professionals in America
#3out of 229 markets
B
Public School
D
Crime And Safety
D
Housing
A
Nightlife
A-
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 Seattle, WA.
In Seattle, WA, Short Term Rental (STR) regulations are governed by the city's Department of Construction and Inspections (SDCI). Here are some key regulations that an investor should be aware of before purchasing a property for STR in Seattle:
1. Licensing: All short-term rental operators in Seattle are required to obtain a Short-Term Rental Operator's License from the city. This license must be renewed annually and operators must comply with all licensing requirements.
2. Limit on number of units: In Seattle, each operator is limited to a maximum of two dwelling units for short-term rental purposes. This means that an investor cannot operate more than two properties as short-term rentals.
3. Length of stay: Short-term rentals in Seattle are limited to a maximum stay of 30 consecutive nights. This means that operators cannot rent out their properties for longer than 30 days at a time.
4. Taxes: Short-term rental operators in Seattle are required to collect and remit lodging taxes to the city. This includes the city's 7% lodging tax as well as the state's 6.5% lodging tax.
5. Zoning regulations: Investors should be aware of the zoning regulations in the specific neighborhood where they are considering purchasing a property for short-term rental. Some neighborhoods in Seattle have restrictions on short-term rentals or may require a conditional use permit.
6. Safety and health regulations: Short-term rental operators in Seattle must comply with all safety and health regulations, including building and fire codes. Operators are also required to provide guests with information on emergency procedures and contact information.
7. Noise regulations: Seattle has strict noise regulations that operators must comply with. Excessive noise complaints can result in fines or the revocation of a short-term rental license.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Seattle before purchasing a property for this purpose. It is important to ensure compliance with all regulations to avoid potential fines or legal issues.
Market Trends Over Time
Explore 25 years of market data for Seattle, 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 Seattle, WA.
The LTR Genie Score of Seattle, WA is 54 and STR Genie Score is 61, indicating a moderate to high level of attractiveness for both long-term and short-term rental investments. The high LTR Rentability and STR Revenue, along with positive Net ROI for both rental strategies, contribute to the overall high Genie Scores. The LTR Rent Growth Rate and 1-Year Price Appreciation Forecast are relatively low, but the STR Net ROI and Occupancy rate are favorable for short-term rental investments.
Seattle, WA is a vibrant city known for its strong economy driven by technology companies like Amazon and Microsoft. The city offers a diverse range of attractions, from cultural landmarks to outdoor activities, making it a popular destination for tourists and renters alike.
Overall, Seattle, WA presents a promising opportunity for real estate investors looking to capitalize on both long-term and short-term rental markets. With a balanced approach, investors can benefit from the city's strong rental demand and potential for growth in property values. It is recommended to consider a mix of long-term and short-term rental properties to maximize returns in this market.
