Explore available listings and evaluate market performance.
Yakima, 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
$1,347
Monthly Cash Flow
-$797
Principal + Equity
$2,534
Annual Total Gain
$20,852
Cash on Cash
-10.75%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$171
Occupancy Rate
54.69%
Monthly Revenue
$2,142
Monthly Cash Flow
-$323
Principal + Equity
$2,534
Annual Total Gain
$26,541
Cash on Cash %
-4.35%
Net ROI %
Market Health & Growth
Median Income
$59,228
Population
96,810
LTR Renter %
46.55%
Forecast (1 yr)
0.85%
Appreciation (1 yr)
2.07%
Appreciation (5 yr)
30.54%
Appreciation (10 yr)
108.64%
Job Growth
2.3%
LTR Rentability
High
STR Demand
63
STR Rentals
191
Top Public Schools
BApple Valley Elementary School
BCottonwood Elementary School
B
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 Places to Live in Washington
#66out of 489 markets
Best Places for Young Professionals in Washington
#389out of 489 markets
C
Public School
D
Crime And Safety
C-
Housing
B-
Nightlife
C-
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 Yakima, WA.
In Yakima, WA, Short Term Rental (STR) regulations are governed by the city's zoning code and business license requirements. Here are some key details that an investor should be aware of before purchasing a property for STR in Yakima:
1. Zoning regulations: Yakima has specific zoning regulations that dictate where STRs are allowed to operate within the city. 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. Business license requirements: In Yakima, property owners who wish to operate a short term rental are required to obtain a business license from the city. This license must be renewed annually and may be subject to additional fees.
3. Occupancy limits: The city of Yakima has established occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that their property complies with them.
4. Safety and health regulations: STRs in Yakima must meet certain safety and health standards, such as having working smoke detectors, proper ventilation, and adequate sanitation facilities. Investors should ensure that their property meets these requirements before listing it as a short term rental.
5. Taxation: Property owners who operate STRs in Yakima are required to collect and remit lodging taxes to the city. Investors should be aware of these tax obligations and factor them into their financial projections.
6. Community impact: Before investing in a property for STR in Yakima, investors should consider the potential impact of short term rentals on the surrounding community. Some neighborhoods may have restrictions or regulations in place to address concerns such as noise, parking, and property maintenance.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a short term rental in Yakima before purchasing a property for this purpose. Compliance with these regulations is essential for a successful and sustainable investment in the STR market in Yakima.
Market Trends Over Time
Explore 25 years of market data for Yakima, 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 Yakima, WA.
The LTR Genie Score of Yakima, WA is 61 and STR Genie Score is 58, indicating a high rentability for both long-term and short-term rental properties in the area. The LTR Net ROI of 23.46% and STR Net ROI of 29.86% suggest strong potential for returns on investment. However, the 1-Year Price Appreciation Forecast of 0.85% may indicate slower growth in property values.
The LTR Genie Score is slightly higher than the STR Genie Score, suggesting that long-term rental properties may be slightly more favorable in Yakima. The higher occupancy rate for short-term rentals (54.69%) compared to the rent growth rate of 0.0% for long-term rentals may be a factor in this difference.
Yakima, WA is known for its agricultural industry, particularly in the production of apples and hops. The city also offers outdoor recreational activities such as hiking, fishing, and wine tasting, which may attract both long-term and short-term renters.
Overall, Yakima, WA appears to be a promising market for real estate investors, with potential for strong returns on both long-term and short-term rental properties. Investors may want to consider a mix of both rental strategies to capitalize on the diverse rental demand in the area.
LTR Genie Score 93
$180,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,632 sqft.🏠 SINGLE FAMILY
306 W Martin Luther King Junior Blvd, Yakima, WA 98902
