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Snohomish, 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
$2,636
Monthly Cash Flow
-$2,249
Principal + Equity
$7,425
Annual Total Gain
$62,116
Cash on Cash
-11.6%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$199
Occupancy Rate
63.82%
Monthly Revenue
$2,596
Monthly Cash Flow
-$2,679
Principal + Equity
$7,425
Annual Total Gain
$56,958
Cash on Cash %
-13.82%
Net ROI %
Market Health & Growth
Median Income
$84,688
Population
10,177
LTR Renter %
41.73%
Forecast (1 yr)
0.75%
Appreciation (1 yr)
0.21%
Appreciation (5 yr)
51.25%
Appreciation (10 yr)
129.32%
Job Growth
-1.68%
LTR Rentability
Moderate
STR Demand
69
STR Rentals
177
Top Public Schools
A-North Creek High School
A-Ruby Bridges Elementary School
A-
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in Washington
#109out of 181 markets
Best Places to Retire in Washington
#90out of 284 markets
Suburbs with the Best Public Schools in Washington
#92out of 181 markets
B
Public School
C
Crime And Safety
D
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 Snohomish, WA.
In Snohomish, WA, Short Term Rental (STR) regulations are governed by the city's zoning code and licensing requirements. Here are some key points that an investor should be aware of before investing in purchasing a property for Short Term Rental in Snohomish:
1. Zoning Restrictions: Snohomish has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. Investors should check the city's zoning map to ensure that the property they are considering is located in a zone that permits Short Term Rentals.
2. Licensing Requirements: In Snohomish, Short Term Rental operators are required to obtain a business license and a Short Term Rental permit from the city. These permits may have specific requirements, such as safety inspections, occupancy limits, and noise regulations.
3. Occupancy Limits: Snohomish may have occupancy limits for Short Term Rentals, which restrict the number of guests that can stay in a property at one time. Investors should be aware of these limits and ensure that their property complies with them.
4. Taxation: Short Term Rental operators in Snohomish are required to collect and remit lodging taxes to the city. Investors should familiarize themselves with the city's tax requirements and ensure that they are in compliance.
5. Community Impact: Short Term Rentals can have a significant impact on the surrounding community, including noise, parking, and property maintenance issues. Investors should be mindful of these potential impacts and work to address any concerns from neighbors or local residents.
Overall, investors looking to purchase a property for Short Term Rental in Snohomish should thoroughly research the city's regulations and requirements to ensure compliance and a successful investment.
Market Trends Over Time
Explore 25 years of market data for Snohomish, 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 Snohomish, WA.
The LTR Genie Score of Snohomish, WA is 63 and STR Genie Score is 57, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, with a LTR Net ROI of 26.7% and a LTR Rent Growth Rate of 0.0%. The STR Net ROI is slightly lower at 24.48%, with a STR Occupancy rate of 63.82% and STR Revenue of 2596.
The LTR Genie Score is higher than the STR Genie Score, suggesting that the market may be more favorable for long-term rental investments. This could be due to the stable rental growth rate and higher net ROI for long-term rentals compared to short-term rentals in Snohomish, WA.
Snohomish, WA is a growing market with a 1-year price appreciation forecast of 0.75%. The moderate Genie Scores indicate that there is potential for both long-term and short-term rental investments in this market. However, based on the metrics provided, long-term rental investment may be more attractive due to the higher LTR Genie Score and net ROI.
In conclusion, Snohomish, WA shows promise for real estate investors looking to invest in both long-term and short-term rental properties. However, based on the metrics and Genie Scores, long-term rental investment may be more favorable in this market. Investors should consider the stable rental growth rate and higher net ROI for long-term rentals when making investment decisions in Snohomish, WA.
