Belfair, Washington Short-Term Rental Market
Belfair, WA short-term rentals averaged $221/night at 45.7% occupancy in April 2026, with July peaking at 67.5%.
Quick Answer: Belfair, Washington is an active short-term rental market. average occupancy is 46%. average monthly revenue is $2,629. average daily rate is $221. the top operator is Vacasa with 300 listings. market score is 54/100 (grade D).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Belfair is an unincorporated community in Mason County, Washington, serving as the commercial gateway to the Hood Canal recreation corridor. The short-term rental market here is outdoor-recreation driven and heavily seasonal, drawing visitors from the greater Seattle-Tacoma and Kitsap Peninsula areas.
As of April 2026, the market posted an average daily rate of $221 and average occupancy of 45.7%, generating average monthly revenue of $2,629 per active listing. RevPAR stood at $101. Year-over-year, occupancy declined 1.7% and revenue slipped 2.6%, while ADR edged up 2.5%, suggesting modest rate resilience against softening demand.
The listing mix is overwhelmingly entire-place properties: of 8,933 categorized listings, 8,375 (93.7%) are entire-place rentals, 554 are private rooms, and only 4 are shared rooms. By bedroom count, one-bedroom properties are most numerous (3,020), followed by two-bedroom (2,186) and three-bedroom (2,165) listings, with 971 four-bedroom and 580 five-bedroom properties rounding out the inventory. Airbnb is the dominant booking channel with 4,239 listings, VRBO has 580, and 4,114 properties appear on both platforms. The market’s overall investment score of 53.5 out of 100 reflects moderate total opportunity, while the investability subscore of 76.6 and rental demand score of 68.2 are meaningfully stronger.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 38% | $228 | $2,478 |
| Feb | 45% | $217 | $2,372 |
| Mar | 45% | $194 | $2,340 |
| Apr | 49% | $199 | $2,518 |
| May | 52% | $218 | $2,803 |
| Jun | 60% | $251 | $3,774 |
| Jul | 67% | $261 | $4,744 |
| Aug | 67% | $260 | $4,709 |
| Sep | 52% | $234 | $3,314 |
| Oct | 45% | $209 | $2,674 |
| Nov | 42% | $210 | $2,334 |
| Dec | 45% | $249 | $3,015 |
Top Short-Term Rental Operators in Belfair
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Vacasa | 300 | 12,673 | ★ 4.50 |
| 2 | Evolve | 289 | 14,471 | ★ 4.75 |
| 3 | Suncadia Resort | 147 | 348 | ★ 4.26 |
| 4 | Bloomer Estates Vacation Rentals | 97 | 6,733 | ★ 4.83 |
| 5 | All Seasons Vacation Rentals | 81 | 8,823 | ★ 4.91 |
What Kind of STR Should I Buy in Belfair?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 3,020 |
| 2 bed | 2,186 |
| 3 bed | 2,165 |
| 4 bed | 971 |
| 5 bed | 580 |
ADR by Property Tier
| Entire Home | $230 |
| Luxury | $404 |
| Professionally Managed | $315 |
Revenue by Dwelling Type
| Apartment | $1,956 |
| Entire Place | $2,720 |
| House | $2,839 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 47.5% |
| vrbo | 6.5% |
| both | 46.1% |
Investment Analysis
Belfair’s investment case centers on its low regulatory risk, outdoor recreation demand, and meaningful ADR premiums across property tiers. With no permit requirement, no owner-occupancy rule, and a 2% lodging tax automatically collected by major platforms, the operational barrier to entry is among the lowest in Washington State.
ADR varies significantly by tier. The market-wide April 2026 ADR of $221 compares to $230 for entire-home listings, $315 for professionally managed properties, and $404 for luxury-tier units. Operators in the professional-management tier command a 42% premium over the market average, while luxury properties reach 83% above average.
Annualized revenue at the April 2026 pace works out to approximately $31,548 per listing. Revenue by property type shows houses at $2,839/month, entire-place units at $2,720/month, and apartments at $1,956/month. Year-over-year revenue is down 2.6% from the prior period, consistent with a broader post-peak correction in Pacific Northwest recreational markets following the 2021 high of $3,905/month average. No housing price data was available for this area at time of publication, so gross yield calculations are not possible.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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As of April 2026, Belfair STR guests book an average of 41.7 days in advance and stay an average of 3.26 nights per booking. The 42-day lead time is moderate and suggests a mix of planners (particularly for summer peak weekends when Hood Canal properties book out early) and shorter-notice bookings during the shoulder and winter periods.
The 3.26-night average stay reflects the weekend-getaway character of this market. Operators should expect frequent two-to-three night turnovers rather than extended weekly stays. For pricing strategy, the 42-day lead time suggests that dynamic pricing tools should begin applying peak-season premiums roughly six weeks before key summer weekends. Owners with cleaning cost sensitivity may benefit from minimum-stay requirements of two to three nights, particularly during the July-August peak when demand is strong enough to support that floor.
Short-Term Rental Regulations
Belfair falls under Mason County jurisdiction as an unincorporated community. As of mid-2026, Mason County does not regulate short-term rentals. There is no county STR permit, no license fee, no owner-occupancy requirement, no primary-residence requirement, and no cap on rental nights.
Operators must comply with Washington State law (RCW 64.37, effective July 28, 2019), which requires STR hosts to carry minimum liability insurance or rent through a platform that provides equivalent coverage, post safety and contact information, and meet basic health and safety standards.
Lodging taxes apply: Mason County levies approximately 2% as a special hotel/motel tax on top of state and local sales tax. Major platforms including Airbnb and VRBO typically collect and remit this tax automatically. Enforcement is currently classified as minimal.
A draft STR ordinance was developed in 2024 that would have required an annually renewed permit, on-site parking, occupancy limits of two persons per bedroom plus two, and separate treatment of owner-occupied versus non-owner-occupied rentals. The Mason County Board of County Commissioners placed this ordinance review on hold with no stated resumption date. Investors should treat the current permissive regulatory environment as potentially subject to future change.
Market Comparison
Belfair’s April 2026 occupancy of 45.7% sits below the US STR median of approximately 55%, consistent with its small-market, seasonal outdoor-recreation character. Its ADR of $221 is slightly above the US median of roughly $220, reflecting the premium that Hood Canal waterfront and near-water properties can command.
The market scores investability at 76.6 out of 100 and rental demand at 68.2, both above average, while the total score of 53.5 reflects the drag from a revenue growth subscore of 48.6 (below average) and seasonality score of 65.3 (moderate concentration in summer months).
Among professional operators, Vacasa leads the market with 300 listings and a 4.50 average rating across 12,673 reviews. Evolve is a close second with 289 listings and a 4.75 rating across 14,471 reviews. Suncadia Resort manages 147 listings (4.26 rating). Bloomer Estates Vacation Rentals holds 97 listings with a 4.83 rating, and All Seasons Vacation Rentals rounds out the top five with 81 listings and the highest rating in the group at 4.91. The presence of five established operators signals a competitive professional management environment, which sets a quality baseline for independent hosts.
Frequently Asked Questions About Belfair, Washington
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