Airbnb City Guide: The Best Places To Invest in Port Angeles, Washington

Airbnb Rules and Regulations in Port Angeles, Washington

As of 2024, the City of Port Angeles has adopted a comprehensive Short-Term Lodging Ordinance to regulate vacation rentals, including those listed across different booking platforms. Effective July 1, 2024, the new regulations require all short-term rental owners to obtain a business license and pass a fire life-safety inspection. Type I rentals, where the owner lives on-site, face no restrictions on location or quantity.

However, Type II rentals, where the owner does not reside at the property, are capped at 200 citywide or 2% of the city's total single-household dwelling units. Enforcement of these regulations will begin November 1, 2024, with unlicensed or uninspected listings subject to removal from platforms and potential fines for continued operation. The city is developing an online portal for license applications, renewals, and complaint submissions, set to launch on July 1, 2024. These measures aim to balance the benefits of short-term rentals with the need to preserve housing availability for residents in Port Angeles.

Port Angeles Airbnb Market Data:

• Average Revenue – $92.6K per year
• Average Daily Rate – $453.1 per night
• Average Occupancy Rate – 56%
• Average RevPAR – $261.7
• Average Home Prices – $436,326

1. Top Place to Invest in Port Angeles, Washington - Port Angeles East

Nestled along the stunning Olympic Peninsula, Port Angeles East offers a unique blend of natural beauty, convenient amenities, and promising investment opportunities for Airbnb business startups. This charming area has steadily gained popularity among visitors seeking a tranquil escape while remaining close to the city's attractions.

Port Angeles East Airbnb Market Data:

• Average Revenue – $82.2K per year
• Average Daily Rate – $425 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $234.5

Convenience - 7/10

Port Angeles East provides a balanced mix of residential comfort and accessibility. With grocery stores, restaurants, and local shops within a short drive, guests can easily acquire necessities during their stay. However, the area's slightly secluded nature may require a bit more travel time for certain amenities.

Tourist Attractions - 8/10

The proximity to Olympic National Park is a significant draw for visitors to Port Angeles East. Guests can explore the park's lush forests, pristine lakes, and rugged coastline, all within a 30-minute drive. The nearby Hurricane Ridge offers breathtaking views and hiking trails, making it a popular destination for outdoor enthusiasts and those looking for a fitness-focused getaway.

Things to Do - 7/10

While Port Angeles East has limited activities, the surrounding area offers many options. Visitors can enjoy water sports, fishing, and beach combing along the coast. The city center, just a short drive away, features quaint shops, art galleries, and local festivals throughout the year.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home price in Port Angeles East is $425,000, a 3.2% appreciation from the previous year. While this indicates a stable market, the prices are slightly higher than the city's average, which may impact potential returns for investors.

Proximity to Work-Related Travel - 5/10

Port Angeles East is primarily a residential area with limited proximity to major work-related destinations. The Olympic Medical Center is about a 15-minute drive away, while the Port Angeles Convention Center is a 20-minute drive. The location may not be the most convenient for guests attending events at these venues.

X-Factor - 8/10

What sets Port Angeles East apart is its serene, natural setting. The area's peaceful atmosphere and stunning views of the Olympic Mountains create a unique and desirable experience for guests seeking a relaxing getaway. This "hidden gem" quality can attract a specific niche of travelers looking for an authentic, nature-oriented stay.

2. Top Place to Invest in Port Angeles, Washington - Maple Grove

Maple Grove, a hidden treasure within Port Angeles, Washington, has emerged as a promising investment opportunity for Airbnb enthusiasts. This quaint neighborhood offers a perfect blend of small-town charm and modern amenities, making it an attractive destination for travelers seeking an authentic Pacific Northwest experience.

Maple Grove Airbnb Market Data:

• Average Revenue – $112.3K per year
• Average Daily Rate – $496.1 per night
• Average Occupancy Rate – 62%
• Average RevPAR – $308.2

Convenience - 8/10

One of Maple Grove's strongest suits is its convenience. The area boasts a variety of local shops, cafes, and restaurants, all within walking distance. Guests can easily access essential services without the need for extensive travel, enhancing the neighborhood's overall appeal for short-term rentals.

Tourist Attractions - 6/10

While Maple Grove itself may not be home to major tourist attractions, its proximity to popular destinations is a significant advantage. With its stunning landscapes and hiking trails, the Olympic National Park is just a short drive away. However, the neighborhood's distance from the park's main entrances may slightly limit its appeal to some visitors.

Things to Do - 7/10

Maple Grove offers a delightful array of activities for guests to enjoy. The neighborhood features well-maintained parks, perfect for picnics and outdoor recreation. Additionally, the nearby Elwha River provides opportunities for fishing, kayaking, and other water-based adventures, catering to the interests of nature-loving visitors.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in Maple Grove stands at $395,000. This represents a modest 2.5% appreciation from the previous year, indicating a stable and growing market. Compared to other areas in Port Angeles, the relatively affordable prices make Maple Grove an attractive option for investors looking to purchase a property that they can transform into an Airbnb rental.

Proximity to Work-Related Travel - 6/10

Maple Grove's location offers a mixed bag when it comes to work-related travel. The Olympic Medical Center is approximately a 20-minute drive from the neighborhood, which may be slightly inconvenient for guests visiting for medical purposes. However, the Port Angeles Convention Center is just a 10-minute drive away, making Maple Grove a viable option for attendees of events and conferences.

X-Factor - 8/10

Its strong sense of community and small-town charm sets Maple Grove apart. The neighborhood's friendly residents, well-maintained streets, and cozy atmosphere create a welcoming environment for guests. This unique ambiance and the area's natural beauty make Maple Grove a desirable destination for travelers seeking an authentic, laid-back experience.

3. Top Place to Invest in Port Angeles, Washington - Downtown

Downtown Port Angeles, the vibrant heart of this charming coastal city, has emerged as a top contender for Airbnb investors seeking a dynamic and profitable market. With its unique blend of historic architecture, thriving arts scene, and proximity to natural wonders, Downtown Port Angeles offers a compelling investment opportunity.

Downtown East Airbnb Market Data:

• Average Revenue – $82.2K per year
• Average Daily Rate – $425 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $234.5

Convenience - 9/10

One of Downtown Port Angeles' greatest strengths is its unparalleled convenience. The area is a walkable haven, with numerous restaurants, boutiques, and essential services just steps away from possible Airbnb properties, opening the way for potential local partnerships. Guests can easily explore the city's offerings without the need for a car, making it an attractive choice for travelers.

Tourist Attractions - 8/10

Downtown Port Angeles boasts a rich tapestry of tourist attractions. The historic Carnegie Library, now housing the Port Angeles Fine Arts Center, showcases local artists and hosts engaging exhibitions. The nearby Feiro Marine Life Center offers a fascinating glimpse into the region's marine ecosystems, while the waterfront trail provides stunning views of the Strait of Juan de Fuca.

Things to Do - 9/10

From cultural events to outdoor adventures, Downtown Port Angeles offers a wealth of activities for visitors. The area hosts a variety of festivals and events throughout the year, including the captivating Juan de Fuca Festival of the Arts. Guests can also embark on whale-watching excursions, explore the Olympic Discovery Trail, or take a short drive to the iconic Olympic National Park.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in Downtown Port Angeles stands at $450,000, reflecting a modest 2.8% appreciation from the previous year. While prices are slightly higher compared to other areas in the city, the prime location and strong demand for short-term rentals justify the investment.

Proximity to Work-Related Travel - 8/10

Downtown Port Angeles is ideally situated for corporate rentals, catering to those visiting for work-related travel. The Olympic Medical Center is just a 5-minute drive away, making it convenient for guests visiting for medical purposes. The Port Angeles Convention Center is also within walking distance, attracting business travelers and conference attendees.

X-Factor - 9/10

What sets Downtown Port Angeles apart is its unbeatable combination of urban amenities and natural beauty. Guests can immerse themselves in the city's vibrant arts and culture scene, indulge in local cuisine, and then escape to the nearby wilderness for breathtaking hikes and scenic drives. This unique blend of experiences creates a compelling draw for a wide range of travelers.

4. Top Place to Invest in Port Angeles, Washington - Elwha

Nestled in the heart of the Olympic Peninsula, the Elwha area offers a unique blend of natural beauty, rich history, and promising investment opportunities for Airbnb entrepreneurs. With its stunning river valley, proximity to Olympic National Park, and ongoing restoration efforts, Elwha is poised to become a sought-after destination for travelers seeking an authentic and immersive experience.

Elwha Airbnb Market Data:

• Average Revenue – $112.3K per year
• Average Daily Rate – $496.1 per night
• Average Occupancy Rate – 62%
• Average RevPAR – $308.2

Convenience - 6/10

While Elwha's rural setting provides a tranquil escape, it may pose some challenges for guests in terms of convenience. The area is located approximately 11 miles west of Port Angeles, requiring a short drive to access essential amenities such as grocery stores, restaurants, and shops. However, the nearby Elwha River Casino offers dining and entertainment options for guests.

Tourist Attractions - 9/10

Elwha's proximity to Olympic National Park is a significant draw for visitors. The Elwha Valley, located within the park, boasts stunning landscapes, hiking trails, and opportunities for wildlife viewing. Following the removal of two dams, the ongoing Elwha River restoration project has created a unique opportunity for guests to witness a recovering ecosystem firsthand.

Things to Do - 8/10

The Elwha area offers a wide range of outdoor activities, including hiking, fishing, and exploring the Elwha River Valley. Visitors can learn about the region's Native American heritage at the Elwha Klallam Heritage Training Center or try their luck at the Elwha River Casino. The nearby Madison Falls Trail provides a short, accessible hike to a beautiful waterfall.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home price in the Elwha area is approximately $380,000, representing a modest 2.7% appreciation from the previous year. While prices are slightly lower compared to Port Angeles proper, the area's growing popularity and unique features justify the investment for launching short-term rental businesses to capitalize on the region's potential.

Proximity to Work-Related Travel - 5/10

Elwha's rural location may not be the most convenient for guests traveling for work-related purposes. The Olympic Medical Center in Port Angeles is about a 20-minute drive away, while the Port Angeles Convention Center is approximately a 25-minute drive. However, the area's serene setting and natural beauty may appeal to remote workers or those seeking a peaceful retreat between business engagements.

X-Factor - 9/10

What sets Elwha apart is its fascinating history and ongoing transformation. The removal of the Elwha and Glines Canyon dams, the largest dam removal project in U.S. history, has opened up the river to salmon migration and restored the valley's ecosystem. Guests can witness this remarkable recovery firsthand and learn about the region's Native American heritage, making for a truly unique and meaningful travel experience.