Cle Elum, Washington Short-Term Rental Market Overview
Visitor Profile
Cle Elum, Washington, attracts approximately 500,000 visitors annually, drawn by its stunning natural landscapes and outdoor recreational opportunities. The primary demographic includes families and outdoor enthusiasts, with a significant portion of visitors aged 25 to 54. Many come for activities such as hiking, skiing, and fishing, making Cle Elum a year-round destination. The economic impact of tourism in the area is substantial, contributing millions to the local economy and supporting numerous jobs. The influx of visitors not only boosts local businesses but also enhances the community’s vibrancy and cultural offerings.
In-depth visitor analysis reveals that Cle Elum’s tourism market is characterized by a diverse range of visitors. According to the tourism bureau (https://www.cleelum.com), the majority of visitors are from Washington state, particularly from urban areas like Seattle and Spokane. The main reasons for visiting include outdoor activities, family vacations, and events such as the Cle Elum Rodeo, which attracts significant crowds during the summer months. The average length of stay for visitors is around three days, with peak seasons occurring in summer and winter, aligning with hiking and skiing activities. Visitor statistics indicate that holiday weekends see a notable spike in occupancy rates, making it crucial for STR operators to prepare for these busy periods. Overall, Cle Elum tourism statistics highlight a vibrant market that continues to grow, offering ample opportunities for local businesses and service providers. For more detailed insights, refer to the visitor statistics report (https://www.cleelum.com/visitor-statistics).
Top Attractions
Nestled in the heart of Washington State, Cle Elum is a charming town that offers a unique blend of outdoor adventure and cultural experiences. Known for its stunning natural beauty, Cle Elum is surrounded by the majestic Cascade Mountains, making it a perfect destination for nature lovers and outdoor enthusiasts. Visitors can explore the scenic Cle Elum Lake or take a leisurely stroll through the historic downtown area, where quaint shops and local eateries await. Whether you’re looking for thrilling outdoor activities or a peaceful retreat, Cle Elum attractions provide a variety of experiences that cater to all interests.
One of the top attractions in Cle Elum is the Cle Elum Lake, a stunning reservoir that offers opportunities for fishing, boating, and hiking along its picturesque shores. The lake is a favorite spot for families and outdoor enthusiasts alike, providing a serene backdrop for picnics and water sports. For those interested in history, the Cle Elum Historical Museum showcases the town’s rich heritage, featuring exhibits on local mining, logging, and Native American culture. Visit the museum’s official website at www.cleelumhistory.org for more information.
Another must-see is the nearby Snoqualmie Pass, which is not only a winter sports haven but also offers breathtaking hiking trails in the summer months. The area is perfect for year-round outdoor activities, making it one of the premier Cle Elum things to do. Additionally, the local visitor center provides valuable resources and maps to help you navigate the best attractions in the area. For more details, check out the official visitor center website at www.cleelum.com. With its diverse range of permanent attractions, Cle Elum is a hidden gem waiting to be explored.
Regulations
Cle Elum short-term rental regulations are essential for property owners looking to capitalize on the growing demand for vacation rentals in this picturesque Washington town. As a property owner, it’s crucial to understand the local laws governing short-term rentals to ensure compliance and avoid penalties. In Cle Elum, you must obtain a business license and a short-term rental permit before listing your property. Additionally, owners are required to collect and remit a 2% lodging tax on rental income. Zoning regulations dictate that short-term rentals are only permitted in certain areas, and safety requirements, such as smoke detectors and fire extinguishers, must be met. Understanding these regulations can help you navigate the process smoothly and maximize your rental income.
To operate a short-term rental in Cle Elum, you must first obtain a business license and a short-term rental permit from the city. The application process includes providing proof of insurance and compliance with safety standards. The 2% lodging tax on rental income must be collected from guests and submitted to the city on a quarterly basis. Zoning restrictions limit short-term rentals to specific residential zones, ensuring that they do not disrupt the community. Safety requirements include having working smoke detectors, fire extinguishers, and clear emergency exit plans. Violating any of these regulations can result in fines or revocation of your rental permit. For more detailed information, visit the City of Cle Elum’s official website (https://www.cleelum.gov) and review the municipal code (https://library.municode.com/wa/cle_elum/codes/code_of_ordinances).
Vacation Rental Market Overview for Cle Elum
Cle Elum attracts visitors with its urban amenities and entertainment and adventure sports and activities. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Cle Elum, Washington Market Performance Trends
Short-Term Rental Market Performance Analysis for Cle Elum
The short-term rental market in Cle Elum demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: year-round stability with consistent occupancy
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Cle Elum, Washington Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$595,531
- Median Sale Price:$736,250
- Median List Price:$863,314
Current Inventory
- Homes For Sale:196
- New Listings:51
Detailed Market Analysis
Real Estate Market Analysis for Cle Elum, Washington
The residential real estate market in Cle Elum, Washington presents unique opportunities for investors and homebuyers alike. Current market dynamics show steady growth patterns in an established market with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.
Real estate investments in Cle Elum, Washington benefit from consistent market appreciation and strong resale values. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Cle Elum, Washington Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:66.8% Booked
- 4-6 Months:79.3% Booked
- 7-9 Months:42.7% Booked
- 10-12 Months:1% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Cle Elum
Cle Elum vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals structured minimum stays optimizing for weekly rentals. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Cle Elum, Washington Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Cle Elum
The vacation rental market in Cle Elum features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include predominantly entire home rentals catering to families. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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