Seattle, Washington Short-Term Rental Market Overview

Population: 747,300
Annual Visitors: 40,000,000
Total STRs: Still gathering data
ADR: $177.00

Visitor Profile

Seattle attracts a diverse range of visitors, with many coming for its vibrant urban culture, iconic landmarks, and outdoor adventures. First-time travelers often seek experiences centered around famed attractions like the Space Needle, Pike Place Market, and the Chihuly Glass Garden, which embody the city’s unique blend of innovation and artistry. Nature enthusiasts are drawn to the nearby scenic landscapes, including hiking scenic trails in the surrounding mountains and exploring outdoor spaces like Discovery Park. For those interested in arts and history, Seattle’s museums and cultural districts offer interactive exhibits and rich local history.

Hosts aiming to attract these visitors should highlight the city’s flagship attractions and its reputation for combining metropolitan charm with outdoor exploration. An excellent resource for guests is the Visit Seattle official tourism website, providing comprehensive guides to the city’s top sights, cultural venues, and outdoor activities.

Top Attractions

Seattle is a vibrant city packed with iconic attractions that draw visitors from around the world. At the top of the list is the Space Needle, an architectural marvel offering breathtaking panoramic views of the city, Puget Sound, and the surrounding mountains. Nearby, Pike Place Market is a must-visit for its lively ambiance, fresh seafood, and unique shops, providing both a cultural and culinary experience. Beyond these landmarks, Seattle boasts a diverse array of museums, including the Museum of Flight and the Museum of Pop Culture, which celebrate the city’s rich history in aviation, music, and arts. Outdoor lovers can explore stunning parks like Discovery Park or take a ferry ride across the scenic waters to Bainbridge Island, offering a perfect blend of city excitement and natural beauty.

Regulations

Seattle, Washington has implemented a comprehensive regulatory framework for short-term rentals (STRs) aimed at balancing the interests of hosts, guests, and the local community. As a host in Seattle, you will encounter specific licensing requirements, operational rules, and tax obligations designed to ensure safe, responsible, and equitable use of residential properties for short-term stays. Understanding these regulations is crucial to legally operating a short-term rental and avoiding potential penalties, with the city emphasizing registration, primary residence rules, safety standards, and compliance with zoning laws.

Key Regulatory Considerations:

– Licensing and Permits: All short-term rental operators in Seattle must register their property with the city’s Office of Tax and Licensing Services. This involves submitting an application that confirms compliance with safety and operational requirements. The license authority oversees administration, renewal schedules, and associated fees.

– Primary Residence Requirements: Seattle’s STR regulations require that the property offered for short-term rental be the host’s primary residence. This means hosts must live in the property for a substantial portion of the year, limiting STR activity in non-owner-occupied properties. There are also rules on the maximum number of days per year a host can rent out the space if they are not present.

– Zoning and Location: STRs are subject to the city’s zoning code, which may restrict or prohibit rentals in certain residential zones to preserve neighborhood character. Specific zones might have additional criteria or limits on the number and type of rentals.

– Occupancy, Health & Safety: Compliance with health and safety standards is mandatory. Hosts must ensure functioning smoke detectors, carbon monoxide alarms, fire extinguishers, and exit routes are present. Occupancy limits correspond to the size and type of dwelling to avoid overcrowding.

– Tax Obligations: Hosts are responsible for collecting and remitting transient occupancy taxes (TOT), commonly known as lodging or hotel taxes, to the city. Compliance with local sales tax requirements is also necessary.

– Operational Standards & Enforcement: Advertising must accurately reflect the licensed property and comply with city rules. Noise ordinances and guest management policies are enforced to minimize disruptions. Violations can lead to fines, suspension, or revocation of the short-term rental license.

For the most current and legally binding information, property owners should consult the City of Seattle’s Official STR Regulations Page. This resource provides up-to-date rules, application details, and contact information for city staff who can assist with compliance questions.

Seattle, Washington Market Performance Trends

LTM Avg. Daily Rate$191.00
LTM Occupancy Rate71.4%
LTM Avg. Revenue$2,876

Seattle, Washington Rental Market Insights

10-Year Market Growth

Growth chart data is not available for this location.

Booking Activity

  • 1-3 Months:58.3% Booked
  • 4-6 Months:55.4% Booked
  • 7-9 Months:54% Booked
  • 10-12 Months:19.2% Booked

Cancellation Policies

  • Flexible:25.2%
  • Moderate:43.6%
  • Strict:28.6%
  • Super Strict:28.6%
  • N/A:1.2%

Minimum Stay

  • 1 Day:1,911
  • 2 Days:1,768
  • 3 Days:838
  • 4-6 Days:457
  • 7-29 Days:239
  • 30+ Days:1,366

Seattle, Washington Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.77 / 5
  • Cleanliness:4.82 / 5
  • Location:4.85 / 5
  • Value:4.74 / 5
  • Accuracy:4.85 / 5
  • Check-in:4.89 / 5
  • Communication:4.89 / 5

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