Incline Village, Nevada Short-Term Rental Market
Incline Village, NV STRs averaged $405/night at 24.7% occupancy in April 2026, reflecting deep spring shoulder season.
Quick Answer: Incline Village, Nevada is an active short-term rental market. average occupancy is 25%. average monthly revenue is $3,438. average daily rate is $405. the top operator is Vacasa with 912 listings. market score is 45/100 (grade D).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Incline Village occupies the Nevada north shore of Lake Tahoe at roughly 6,300 feet elevation and draws two distinct travel peaks: winter ski season anchored by Diamond Peak Ski Resort, and summer lake season centered on Sand Harbor State Park and private IVGID beaches. April 2026 represents the spring trough between these peaks, which explains the 24.7% occupancy reading for that month. Historically, April averages 33.4% occupancy across all years in the dataset, and July reaches 69.8%.
The market recorded a $405 average daily rate in April 2026, with RevPAR of $100. Year-over-year, ADR rose 4.8% but occupancy fell 17.7% and revenue declined 10.4%, consistent with a weak spring transition month.
Entire-place listings dominate at 10,974 of 11,243 total active listings. Private rooms account for 269 listings, and no shared-room inventory is tracked. On the bedroom side, 3-bedroom units lead at 3,717 listings, followed by 4-bedroom (2,305), 2-bedroom (2,238), 1-bedroom (1,993), and 5-bedroom (957). Channel mix shows unusual strength on the dual-platform segment: 7,057 listings appear on both Airbnb and VRBO, 3,140 are Airbnb-only, and 1,046 are VRBO-only. The market’s total score is 45.3 out of 100, pulled down by moderate seasonality (53.3) and rental demand (53.2) scores despite a solid revenue growth score of 70.5.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 48% | $457 | $5,857 |
| Feb | 56% | $468 | $6,506 |
| Mar | 44% | $423 | $5,459 |
| Apr | 33% | $356 | $3,547 |
| May | 41% | $359 | $3,274 |
| Jun | 61% | $428 | $5,703 |
| Jul | 70% | $455 | $7,922 |
| Aug | 58% | $442 | $6,837 |
| Sep | 40% | $386 | $4,163 |
| Oct | 31% | $348 | $3,242 |
| Nov | 38% | $377 | $3,114 |
| Dec | 55% | $502 | $6,061 |
Top Short-Term Rental Operators in Incline Village
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Vacasa | 912 | 34,138 | ★ 4.41 |
| 2 | Tahoe Getaways | 353 | 10,145 | ★ 4.72 |
| 3 | Evolve | 216 | 11,511 | ★ 4.66 |
| 4 | Grand Welcome | 179 | 8,657 | ★ 4.54 |
| 5 | Tahoe Vacation Rentals | 177 | 4,621 | ★ 4.61 |
What Kind of STR Should I Buy in Incline Village?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,993 |
| 2 bed | 2,238 |
| 3 bed | 3,717 |
| 4 bed | 2,305 |
| 5 bed | 957 |
ADR by Property Tier
| Entire Home | $416 |
| Luxury | $995 |
| Professionally Managed | $485 |
Revenue by Dwelling Type
| Apartment | $2,460 |
| Entire Place | $3,495 |
| House | $3,948 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 27.9% |
| vrbo | 9.3% |
| both | 62.8% |
Investment Analysis
Incline Village carries one of the highest entry costs among US STR markets. The typical home value is $1,490,000 as of April 2026, with a median list price of $1,390,000 and 63 median days to pending, indicating a slower buyer’s market than most Sun Belt alternatives.
Annualized revenue at the April 2026 run rate is approximately $41,251 per listing ($3,438 per month times 12). Against a typical home value of $1,490,000, that implies a gross yield of roughly 2.8% before expenses and the 13% Washoe County transient occupancy tax. This is well below the US STR gross yield median, and investors should model the full year seasonal curve carefully: July historically averages $7,922 per month while October averages $3,242, producing substantial cash flow variability.
ADR tiers illustrate the premium at the top of this market. All-listing average is $405; entire-home listings average $416; professionally managed properties average $485 (a 20% premium over the all-listing rate); and the luxury tier reaches $995 per night. Houses average $3,948 per month in revenue versus $3,495 for all entire-place listings, reflecting the higher per-night rates commanded by larger lakeside properties.
The 2025 full-year annual average was 47.3% occupancy, $474 ADR, and $5,993 per month average revenue ($71,916 annualized), a more representative picture of the market’s annual potential than the April snapshot alone.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Incline Village STR bookings average a lead time of 44 days, the longest in this batch of markets. The extended booking window reflects the planning behavior of guests traveling to a destination resort with limited accommodation options and high nightly rates. Ski week and peak summer week bookings are typically secured two to three months in advance, while the shoulder season sees shorter lead times.
Average length of stay is 3.7 nights, consistent with long-weekend leisure stays. At 3.7 nights average, a property operating near July’s 69.8% historical occupancy hosts approximately 55 to 58 stays over a peak summer month, well within the permissible occupancy limits under the county permit framework. Operators should implement dynamic minimum-stay rules requiring at least five to seven nights during peak weeks to reduce turnover costs and maximize revenue per booking.
Short-Term Rental Regulations
Incline Village STRs operate under Washoe County Code Chapter 110, Article 319. Any rental of 28 days or fewer requires an active Washoe County STR permit before advertising or accepting bookings. Permits are tiered by maximum guest occupancy: Tier 1 (up to 10 guests) costs $500 per year, Tier 2 (11 to 20 guests) costs $1,000, and Tier 3 (over 20 guests) costs $1,500 plus $65 per occupant above 20.
Applications are accepted on the 8th of each month, with the county taking up to 28 days to process. Each owner is limited to one permit unless a legal accessory dwelling unit exists on the property. Occupancy caps at two guests per bedroom plus two additional guests. One paved on-property parking space is required per four occupants. All applicants must pass a building inspection and a North Lake Tahoe Fire Protection District defensible space inspection. A 24/7 local contact must respond to neighbor complaints within 30 minutes.
Nevada AB363 requires a minimum of $500,000 in liability insurance and a designated local representative. Washoe County transient occupancy tax is 13%, of which 3.3125% funds the Incline Village Crystal Bay Visitors Bureau. There is no county cap on total permits or annual rental nights. Operating without a permit is treated as a public nuisance, with fines exceeding $1,000 per day.
Many condominium communities in Incline Village prohibit STRs entirely through HOA CC&Rs, independent of county rules. Buyers should verify both county compliance and HOA restrictions before purchase. A new fee schedule took effect December 1, 2024.
Market Comparison
Incline Village’s $405 ADR is nearly double the US STR median of approximately $220, placing it among the highest-ADR markets nationally. The market’s 24.7% April occupancy is significantly below the US median of approximately 55%, but this is a seasonal data point; the July historical average of 69.8% exceeds the national median.
The total market score of 45.3 reflects the challenge of high entry cost, sharp seasonality, and moderate regulatory burden relative to peer resort markets. Revenue growth scores 70.5, indicating the market has shown above-average revenue trajectory over the past several years despite occupancy normalization since the 2020 and 2021 peaks.
Vacasa leads the Incline Village operator landscape with 912 listings and 34,138 reviews at a 4.41 average rating. Tahoe Getaways holds 353 listings with 10,145 reviews at a 4.72 rating. Evolve manages 216 listings with 11,511 reviews at 4.66. Grand Welcome has 179 listings at 4.54, and Tahoe Vacation Rentals rounds out the top five with 177 listings and a 4.61 rating. The top five collectively manage 1,837 listings, representing substantial consolidation among professional operators in this high-value market.
Frequently Asked Questions About Incline Village, Nevada
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