Tacoma, Washington Short-Term Rental Market Overview
Visitor Profile
Tacoma, Washington attracts a diverse range of visitors, from art lovers and outdoor enthusiasts to history buffs and curious explorers. Many come seeking unique cultural experiences, such as the renowned glass art at the Museum of Glass, or vibrant neighborhoods with eclectic restaurants and live music venues. Nature enthusiasts often explore scenic parks like Point Defiance Park, which offers waterfront views, gardens, and a top-rated zoo and aquarium. Short-term rental hosts should target travelers looking for a blend of artistic discovery, outdoor adventure, and authentic local culture. With its lively arts scene and picturesque landscapes, Tacoma provides an inviting base for visitors eager to experience the Pacific Northwest’s natural beauty and creative spirit.
Top Attractions
Tacoma, Washington, is renowned for its vibrant arts scene and stunning natural beauty, making it a captivating destination for travelers. One of the city’s crown jewels is the Museum of Glass, which showcases Dale Chihuly’s magnificent glass art and offers live hot-shop demonstrations, providing a unique and immersive art experience. The Point Defiance Park and Zoo combine natural exploration with the chance to see fascinating marine life and exotic animals, all set within a sprawling 760-acre space that rivals other Pacific Northwest parks. Visitors can enjoy scenic waterfront walks, explore intriguing museums, and marvel at public art installations scattered throughout the city.
Beyond its artistic attractions, Tacoma boasts exciting family-friendly entertainment like the Wild Waves Theme Park, featuring roller coasters and water slides. Visitors are also drawn to the city’s lively theater district, with performances at the Pantages, Rialto, and Theatre on the Square that showcase local talent and cultural vibrancy. The city’s historic sites, including Thornewood Castle, along with its colorful local neighborhoods, provide a glimpse into Tacoma’s unique heritage. With its eclectic mix of art, nature, and entertainment, Tacoma offers a diverse array of reasons to visit, promising memorable experiences for all who explore its streets.
Regulations
Tacoma, Washington has established a regulatory framework for short-term rentals (STRs) that balances the interests of property owners, neighbors, and the broader community. Hosts can expect to navigate requirements related to licensing, zoning, and operational standards designed to ensure safety, compliance, and quality of life for all residents. The city’s approach typically involves a permit or license system, occupancy limits, and adherence to local housing and safety codes, making it essential for prospective hosts to understand and comply with these detailed municipal rules.
Key Regulatory Considerations:
– Licensing and Permits: Tacoma requires STR operators to obtain a permit from the city’s license division. The application process includes providing proof of insurance, a business license, and sometimes a safety inspection. Renewal and ongoing compliance are mandated, ensuring that licenses remain current and STRs meet continual standards.
– Primary Residence Requirements: Hosts must typically rent out their primary residence or a part of it. Tacoma places restrictions on the number of days a property can be rented if it is not the host’s primary residence, emphasizing that STR activity should not convert residential properties into de facto hotels.
– Zoning and Location: Not all zones permit short-term rentals. The city’s zoning code specifies districts where STRs are allowed and imposes conditions to protect residential neighborhoods from excessive transient occupancy.
– Occupancy, Health & Safety: Tacoma’s regulations define maximum occupancy levels based on property size and configuration to maintain safety and neighborhood character. Required safety features often include smoke detectors, carbon monoxide alarms, and fire extinguishers, in line with local fire codes.
– Tax Obligations: Hosts are responsible for collecting and remitting transient occupancy taxes to the city, reflecting revenue mechanisms to fund municipal services impacted by tourism and STR activities.
– Operational Standards & Enforcement: Regulations include noise control, guest management policies, and advertising standards. Non-compliance can lead to fines, permit suspension, or revocation, underscoring the importance of adhering to established rules.
For the most current and legally binding information, property owners should consult the City of Tacoma’s Official Short-Term Rental Regulations Page. This resource provides comprehensive details on permits, application procedures, compliance requirements, and contact information for city representatives to assist hosts through the regulatory process.
Tacoma, Washington Market Performance Trends
Tacoma, Washington Rental Market Insights
10-Year Market Growth
Growth chart data is not available for this location.
Booking Activity
- 1-3 Months:59.8% Booked
- 4-6 Months:52% Booked
- 7-9 Months:50.9% Booked
- 10-12 Months:16.4% Booked
Cancellation Policies
- Flexible:35.6%
- Moderate:37.4%
- Strict:25.5%
- Super Strict:25.5%
- N/A:1%
Minimum Stay
- 1 Day:335
- 2 Days:294
- 3 Days:97
- 4-6 Days:66
- 7-29 Days:90
- 30+ Days:83