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

Airbnb Rules and Regulations in Seattle, Washington

Short-term rental operators in Seattle must obtain a regulatory license from the City of Seattle and a business license tax certificate to legally list their properties on platforms like Airbnb. Hosts are limited to operating a maximum of two dwelling units as short-term rentals, one of which must be their primary residence. The initial license application fee is $75 per unit, with an annual renewal fee of the same amount.

Operators must also provide proof of liability insurance with a minimum coverage of $1 million and adhere to building safety codes and occupancy limits. While some exceptions exist for legacy units active before September 2017, most hosts are subject to these regulations. Failure to comply can result in fines and penalties. Although navigating Seattle's short-term rental landscape may seem daunting, understanding and following these rules is essential for hosts looking to create a thriving and compliant Airbnb business in the Emerald City.

Seattle Airbnb Market Data:

• Average Revenue – $39.2K per year
• Average Daily Rate – $205 per night
• Average Occupancy Rate – 65%
• Average RevPAR – $134.3
• Average Home Prices – $847, 419

1. Top Place to Invest in Seattle, Washington - Rainier View

Nestled in the heart of South Seattle, Rainier View is a hidden gem that offers a unique blend of natural beauty, diverse culture, and affordable living. With its stunning views of Mount Rainier, proximity to public transportation, and growing community, this neighborhood has become an increasingly attractive option for Airbnb and short-term rental investors.

Rainier View Airbnb Market Data

• Average Revenue – $30K per year
• Average Daily Rate – $137.9 per night
• Average Occupancy Rate – 74%
• Average RevPAR – $105.3

Convenience - 7/10

Rainier View's location provides easy access to major highways, including I-5 and I-90, making it convenient for residents and visitors to navigate the city. The neighborhood is served by several bus lines, and the Rainier Beach Light Rail Station is just a short distance away, offering a quick and efficient way to reach downtown Seattle and other popular destinations.

Tourist Attractions - 5/10

While Rainier View itself is not a major tourist hotspot, its proximity to other Seattle attractions makes it a convenient base for exploring the city. Visitors can easily access destinations such as the Space Needle, Pike Place Market, and the Seattle Center, all of which are within a 20-30 minute drive or public transit ride from the neighborhood.

Things to Do - 6/10

Rainier View offers a variety of local activities and events for residents and visitors to enjoy. The neighborhood is home to several parks and green spaces, including the Rainier Beach Urban Farm and Wetlands, which provide opportunities for outdoor recreation and community engagement. Additionally, the nearby Rainier Beach Community Center hosts a range of programs and classes for all ages.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Rainier View is $495,000, representing a 4.2% appreciation over the past year. While this price point may be lower than some other Seattle neighborhoods, the steady appreciation rate and the area's potential for growth make it an attractive option for Airbnb and short-term rental investors.

Proximity to Work-Related Travel - 6/10

Rainier View's location in South Seattle may not be as ideally situated for those primarily focused on work-related travel to downtown Seattle or the major employment centers in the region. However, the neighborhood's access to public transportation and major highways still makes it a viable option for those who need to commute to other parts of the city.

X-Factor - 7/10

Its unique combination of natural beauty, diversity, and community spirit sets Rainier View apart. The neighborhood's stunning views of Mount Rainier and its proximity to outdoor recreation areas, such as Seward Park and Lake Washington, create a peaceful and inviting atmosphere that appeals to both residents and visitors. Additionally, Rainier View's diverse population and strong sense of community make it a welcoming and vibrant place to live and visit.

2. Top Place to Invest in Seattle, Washington - Bitter Lake

Located in the heart of North Seattle, Bitter Lake is a charming and vibrant neighborhood that offers a perfect blend of urban convenience and natural beauty. Bitter Lake has become an increasingly popular destination for Airbnb and short-term rental investors due to its proximity to major highways, diverse local businesses, and stunning lakeside parks.

Bitter Lake Airbnb Market Data

• Average Revenue – $32.3K per year
• Average Daily Rate – $165 per night
• Average Occupancy Rate – 72%
• Average RevPAR – $121.4

Convenience - 8/10

Bitter Lake's central location in North Seattle provides easy access to major highways, including I-5 and Highway 99, making it convenient for residents and visitors to navigate the city. The neighborhood is also well-served by public transportation, with several bus lines connecting it to downtown Seattle and other popular destinations. Additionally, Bitter Lake boasts a variety of local amenities, such as grocery stores, restaurants, and coffee shops, ensuring that guests have everything they need within reach.

Tourist Attractions - 6/10

While Bitter Lake itself may not be a major tourist hotspot, its proximity to other Seattle attractions makes it an excellent base for exploring the city. Visitors can easily access destinations such as the Space Needle, Pike Place Market, and the Seattle Center, all of which are within a 15-20 minute drive from the neighborhood. The nearby Carkeek Park and Golden Gardens Park also offer stunning views of Puget Sound and the Olympic Mountains, providing a perfect escape from the hustle and bustle of the city.

Things to Do - 7/10

Bitter Lake offers a range of local activities and events for residents and visitors to enjoy. The neighborhood's namesake park, Bitter Lake Park, features a beautiful lakeside trail, playgrounds, and picnic areas, making it a popular outdoor recreation and relaxation spot. The nearby Greenwood and Phinney Ridge neighborhoods also offer a variety of unique shops, restaurants, and entertainment options, such as the Taproot Theatre Company and the Greenwood Car Show.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Bitter Lake is $720,000, representing a 3.8% appreciation over the past year. While this price point may be higher than some other Seattle neighborhoods, the steady appreciation rate and the area's desirable location make it an attractive option for Airbnb and short-term rental investors. The neighborhood's mix of single-family homes, townhouses, and apartments also provides a range of investment opportunities to suit different budgets and preferences.

Proximity to Work-Related Travel - 7/10

Bitter Lake's location in North Seattle provides convenient access to several major employment centers, including the University of Washington, Northgate Mall, and the Ballard-Interbay-Northend Manufacturing and Industrial Center. The neighborhood's proximity to I-5 and Highway 99 also makes it a viable option for those who need to commute to downtown Seattle or other parts of the city for work-related travel.

X-Factor - 8/10

What sets Bitter Lake apart is its unique combination of natural beauty, community spirit, and potential for growth. The neighborhood's stunning lakeside setting and abundant green spaces create a peaceful and inviting atmosphere that appeals to both residents and visitors. Additionally, Bitter Lake's strong sense of community and diverse local businesses contribute to its vibrant and welcoming character. As the area continues to attract new development and investment, Bitter Lake is poised to become an even more desirable destination for Airbnb and short-term rental investors in the years to come.

3. Top Place to Invest in Seattle, Washington - Leschi

Perched on the eastern shores of Lake Washington, Leschi is a picturesque and historic neighborhood that offers a perfect blend of natural beauty, upscale living, and convenient access to downtown Seattle. With its stunning waterfront views, thriving local business scene, and strong sense of community, Leschi has become an increasingly attractive destination for Airbnb and short-term rental investors.

Leschi Airbnb Market Data

• Average Revenue – $45.1K per year
• Average Daily Rate – $248.3 per night
• Average Occupancy Rate – 63%
• Average RevPAR – $158

Convenience - 8/10

Leschi's prime location provides easy access to both the natural wonders of Lake Washington and the urban amenities of downtown Seattle. The neighborhood is well-served by public transportation, with several bus lines and the Leschi Park Light Rail Station connecting it to other parts of the city. Leschi also boasts a variety of local shops, restaurants, and services, ensuring that guests have everything they need within walking distance.

Tourist Attractions - 7/10

While Leschi itself may not be a major tourist destination, its proximity to other Seattle attractions makes it an excellent base for exploring the city. Visitors can easily access popular destinations such as Pike Place Market, the Space Needle, and the Seattle Art Museum, all of which are within a 15-minute drive or public transit ride from the neighborhood. Leschi's waterfront parks and marinas also offer outdoor recreation and sightseeing opportunities, with stunning views of Lake Washington and the Cascade Mountains.

Things to Do - 8/10

Leschi offers a range of local activities and events for residents and visitors to enjoy. The neighborhood's waterfront parks, such as Leschi Park and Madrona Park, provide ample opportunities for picnicking, swimming, and boating. The nearby Leschi and Madrona business districts also offer a variety of unique shops, restaurants, and entertainment options, such as the Leschi Market and the Madrona Wine Merchants. The neighborhood also hosts several annual events, including the Leschi Art Walk and the Madrona Mayfair, which showcase local artists and unite the community. This presents the perfect opportunity for hosts to boost their bookings through local events by targeting the traveling crowd.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Leschi is $1,120,000, representing a 4.2% appreciation over the past year. While this price point may be higher than many other Seattle neighborhoods, the steady appreciation rate and the area's desirable location make it an attractive option for Airbnb and short-term rental investors. The neighborhood's mix of historic homes, luxury condominiums, and modern apartments also provides a range of investment opportunities to suit different budgets and preferences.

Proximity to Work-Related Travel - 7/10

Leschi's location on the eastern side of Seattle provides convenient access to several major employment centers, including downtown Seattle, the University of Washington, and the Eastside tech corridor. The neighborhood's proximity to I-90 and SR-520 also makes it a viable option for those who need to commute to other parts of the city or the region for work-related travel.

X-Factor - 9/10

Its unparalleled combination of natural beauty, upscale living, and strong community spirit sets Leschi apart. The neighborhood's stunning waterfront setting and lush green spaces create a serene and inviting atmosphere that appeals to both residents and visitors. Leschi's historic architecture, diverse local businesses, and thriving arts scene also contribute to its unique character and charm. Additionally, the neighborhood's tight-knit community and active neighborhood association foster a sense of belonging and engagement, making Leschi a truly special place to live and visit.

4. Top Place to Invest in Seattle, Washington - Laurelhurst

Nestled along the western shores of Lake Washington, Laurelhurst is an exclusive and picturesque neighborhood that offers a perfect blend of natural beauty, architectural charm, and convenient access to downtown Seattle. With its stunning waterfront homes, tree-lined streets, and a strong sense of community, Laurelhurst has become an increasingly attractive destination for Airbnb and short-term rental investors seeking a high-end market.

Laurelhurst Airbnb Market Data

• Average Revenue – $42.5K per year
• Average Daily Rate – $235.2 per night
• Average Occupancy Rate – 66%
• Average RevPAR – $155.6

Convenience - 7/10

Laurelhurst's prime location provides easy access to both the natural wonders of Lake Washington and the urban amenities of downtown Seattle. The neighborhood is served by several bus lines, connecting it to other parts of the city, although public transportation options may be more limited compared to some other Seattle neighborhoods. Laurelhurst also boasts a small commercial district with a few local shops and restaurants, but guests may need to venture outside the neighborhood for a wider range of services and amenities.

Tourist Attractions - 6/10

While Laurelhurst itself is not a major tourist destination, its proximity to other Seattle attractions makes it a convenient base for exploring the city. Visitors can easily access popular destinations such as the University of Washington, the Seattle Art Museum, and the Space Needle, all of which are within a 15-20 minute drive from the neighborhood. Laurelhurst's waterfront parks and beaches also offer outdoor recreation and relaxation opportunities, with stunning views of Lake Washington and the Cascade Mountains.

Things to Do - 7/10

Laurelhurst offers a range of local activities and events for residents and visitors to enjoy, although the options may be more limited compared to some other Seattle neighborhoods. The neighborhood's waterfront parks, such as Laurelhurst Park and Magnuson Park, provide ample opportunities for picnicking, swimming, and boating. The nearby University Village shopping center also offers a variety of upscale shops, restaurants, and entertainment options. Additionally, the neighborhood hosts several annual events, including the Laurelhurst Home and Garden Tour, which showcases the area's stunning architecture and landscaping.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Laurelhurst is $2,350,000, representing a 3.8% appreciation over the past year. While this price point is significantly higher than many other Seattle neighborhoods, the steady appreciation rate and the area's exclusive reputation make it an attractive option for short-term rental investors targeting a high-end market, especially those looking to establish an Airbnb Luxe rental. However, the high entry cost and limited inventory may present challenges for some investors.

Proximity to Work-Related Travel - 7/10

Laurelhurst's location in northeast Seattle provides convenient access to several major employment centers, including the University of Washington, the University District, and downtown Seattle. The neighborhood's proximity to SR-520 also makes it a viable option for those who need to commute to the Eastside tech corridor for work-related travel. However, traffic congestion during peak hours may be a concern for some guests.

X-Factor - 8/10

Its unparalleled combination of natural beauty, architectural charm, and exclusivity sets Laurelhurst apart. The neighborhood's stunning waterfront setting, mature trees, and well-maintained homes create a serene and inviting atmosphere that appeals to both residents and visitors seeking a high-end experience. Laurelhurst's historic architecture, which includes a mix of Tudor, Colonial, and Craftsman-style homes, also contributes to its unique character and charm. Additionally, the neighborhood's strong sense of community and active neighborhood association fosters a sense of belonging and engagement, making Laurelhurst a truly special place to live and visit.

5. Top Place to Invest in Seattle, Washington - Madison Park

Situated on the shores of Lake Washington, Madison Park is a charming and affluent neighborhood that offers a perfect blend of natural beauty, upscale amenities, and a strong sense of community. With its stunning waterfront homes, tree-lined streets, and vibrant commercial district, Madison Park has become an increasingly attractive destination for establishing an Airbnb business seeking a high-end market with a village-like atmosphere.

Madison Park Airbnb Market Data

• Average Revenue – $41.4K per year
• Average Daily Rate – $233.1 per night
• Average Occupancy Rate – 63%
• Average RevPAR – $146.6

Convenience - 8/10

Madison Park's prime location provides easy access to both the natural wonders of Lake Washington and the urban amenities of downtown Seattle. The neighborhood is well-served by public transportation, with several bus lines connecting it to other parts of the city. Madison Park also boasts a thriving commercial district along East Madison Street, which offers a variety of local shops, restaurants, cafes, and services, ensuring that guests have everything they need within walking distance.

Tourist Attractions - 7/10

While Madison Park itself is not a major tourist destination, its proximity to other Seattle attractions makes it an excellent base for exploring the city. Visitors can easily access popular destinations such as the Washington Park Arboretum, the Seattle Japanese Garden, and the Museum of History & Industry, all of which are within a 10-15 minute drive from the neighborhood. Madison Park's waterfront parks and beaches also offer outdoor recreation and relaxation opportunities, with stunning views of Lake Washington and the Cascade Mountains.

Things to Do - 8/10

Madison Park offers a range of local activities and events for residents and visitors to enjoy. The neighborhood's waterfront parks, such as Madison Park Beach and Denny Blaine Park, provide ample opportunities for swimming, sunbathing, and picnicking. The nearby Washington Park Arboretum also offers miles of walking trails, gardens, and wildlife viewing opportunities. Madison Park's commercial district also hosts several annual events, including the Madison Park Art Walk and the Madison Park Farmers Market, which showcase local artists and producers.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Madison Park is $1,850,000, representing a 4.1% appreciation over the past year. While this price point is significantly higher than many other Seattle neighborhoods, the steady appreciation rate and the area's exclusive reputation make it an attractive option for Airbnb and short-term rental investors targeting a high-end market. The neighborhood's mix of historic homes, luxury condominiums, and waterfront properties also provides a range of investment opportunities to suit different budgets and preferences.

Proximity to Work-Related Travel - 7/10

Madison Park's location in east-central Seattle provides convenient access to several major employment centers, including downtown Seattle, the University of Washington, and the Eastside tech corridor. The neighborhood's proximity to SR-520 and I-5 also makes it a viable option for those who need to commute to other parts of the city or the region for work-related travel. However, traffic congestion during peak hours may be a concern for some guests.

X-Factor - 9/10

Madison Park's unparalleled combination of natural beauty, upscale amenities, and a strong sense of community sets it apart. The neighborhood's stunning waterfront setting, mature trees, and well-maintained homes create a serene and inviting atmosphere that appeals to both residents and visitors seeking a high-end experience with a village-like feel. Madison Park's thriving commercial district, which includes a mix of local boutiques, restaurants, and cafes, also contributes to its unique character and charm. Additionally, the neighborhood's tight-knit community and active neighborhood association foster a sense of belonging and engagement, making Madison Park a truly special place to live and visit.

6. Top Place to Invest in Seattle, Washington - Meadowbrook

Nestled in the heart of northeast Seattle, Meadowbrook is a quiet and family-friendly neighborhood with a perfect blend of suburban charm, convenient outdoor recreation, and proximity to urban amenities. With its well-maintained homes, tree-lined streets, and strong sense of community, Meadowbrook has become an increasingly attractive destination for Airbnb and short-term rental investors seeking a stable and growing market.

Meadowbrook Airbnb Market Data

• Average Revenue – $30.9K per year
• Average Daily Rate – $160.3 per night
• Average Occupancy Rate – 70%
• Average RevPAR – $113.4

Convenience - 7/10

Meadowbrook's location in northeast Seattle provides easy access to major highways, such as I-5 and SR-522, making it convenient for guests to navigate the city and beyond. The neighborhood is also served by several bus lines, connecting it to other parts of Seattle. While Meadowbrook has a few local shops and restaurants, guests may need to venture into nearby neighborhoods or commercial districts for a wider range of services and amenities.

Tourist Attractions - 5/10

Meadowbrook itself is not a major tourist destination, as it is primarily a residential neighborhood. However, its proximity to other Seattle attractions makes it a convenient base for exploring the city. Visitors can easily access popular destinations such as the University of Washington, the Woodland Park Zoo, and Green Lake Park, all of which are within a 10-15 minute drive from the neighborhood.

Things to Do - 6/10

Meadowbrook offers a range of local activities and events for residents and visitors to enjoy, although the options may be more limited compared to some other Seattle neighborhoods. The nearby Meadowbrook Pond and Meadowbrook Community Center provide opportunities for outdoor recreation, such as walking trails, playgrounds, and sports facilities. The neighborhood also hosts several annual events, including the Meadowbrook Community Garage Sale and the Meadowbrook Neighborhood Night Out, which foster a sense of community and engagement.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Meadowbrook is $850,000, representing a 4.5% appreciation over the past year. This price point is relatively affordable compared to some other Seattle neighborhoods, making it an attractive option for Airbnb and short-term rental investors seeking a stable and growing market. The neighborhood's mix of single-family homes, townhouses, and condominiums also provides a range of investment opportunities to suit different budgets and preferences.

Proximity to Work-Related Travel - 6/10

Meadowbrook's location in northeast Seattle may not be as convenient for work-related travel compared to some other neighborhoods closer to major employment centers. However, the neighborhood's proximity to I-5 and SR-522 makes it a viable option for those who need to commute to downtown Seattle, the University of Washington, or the Eastside tech corridor. Traffic congestion during peak hours may be a concern for some guests.

X-Factor - 7/10

What sets Meadowbrook apart is its strong sense of community, suburban charm, and convenient access to outdoor recreation. The neighborhood's well-maintained homes, mature trees, and quiet streets create a peaceful and inviting atmosphere that appeals to both residents and visitors seeking a more laid-back experience. Meadowbrook's proximity to parks, trails, and green spaces, such as the Meadowbrook Pond and the Burke-Gilman Trail, also makes it an attractive destination for nature enthusiasts and outdoor lovers. Additionally, the neighborhood's active community association and regular events foster a sense of belonging and engagement, making Meadowbrook a welcoming place to live and visit.

7. Top Place to Invest in Seattle, Washington - Ballard

Located in the heart of northwest Seattle, Ballard is a vibrant and trendy neighborhood that perfectly blends historic charm, modern amenities, and a thriving local culture. With its picturesque waterfront, eclectic shops and restaurants, and convenient access to downtown Seattle, Ballard has become an increasingly popular destination for Airbnb and short-term rental investors seeking a dynamic and growing market.

Ballard Airbnb Market Data

• Average Revenue – $40.3K per year
• Average Daily Rate – $201.9 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $141.4

Convenience - 8/10

Ballard's prime location provides easy access to both Puget Sound's natural beauty and downtown Seattle's urban amenities. The neighborhood is well-served by public transportation, with several bus lines and the Rapid Ride D Line connecting it to other parts of the city. Ballard also boasts a thriving commercial district along Ballard Avenue and Market Street, which offers a wide range of local shops, restaurants, cafes, and services, ensuring that guests have everything they need within walking distance.

Tourist Attractions - 8/10

Ballard is a popular tourist destination in its own right, thanks to its unique blend of Scandinavian heritage, maritime history, and modern hipster vibe. Visitors can explore attractions such as the Ballard Locks, the Nordic Museum, and the Golden Gardens Park, which offer a glimpse into the neighborhood's rich cultural and natural heritage. Ballard's bustling farmers market, trendy boutiques, and lively music scene also draw visitors from around the city and beyond.

Things to Do - 9/10

Ballard offers a wealth of activities and events for residents and visitors to enjoy. The neighborhood's waterfront parks, such as Golden Gardens Park and Shilshole Bay Marina, provide ample opportunities for beach combing, kayaking, and sunset watching. Ballard's commercial district also hosts a variety of annual events, including the Ballard SeafoodFest, the Ballard Jazz Festival, and the Ballard Farmers Market, which showcase the neighborhood's vibrant culture and community spirit.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Ballard is $950,000, representing a 4.2% appreciation over the past year. While this price point is higher than some other Seattle neighborhoods, the steady appreciation rate and the area's growing popularity make it an attractive option for Airbnb and short-term rental investors. The neighborhood's mix of historic homes, modern condominiums, and converted industrial spaces also provides a range of investment opportunities to suit different budgets and preferences.

Proximity to Work-Related Travel - 8/10

Ballard's location in northwest Seattle provides convenient access to several major employment centers, including downtown Seattle, the South Lake Union tech hub, and the Fremont and Interbay industrial districts. The neighborhood's proximity to the Ballard Bridge and the Rapid Ride D Line also makes it a viable option for those who need to commute to other parts of the city for work-related travel.

X-Factor - 9/10

What sets Ballard apart is its unique blend of historic charm, modern amenities, and a strong sense of community. The neighborhood's Scandinavian heritage, maritime history, and industrial past are still evident in its architecture, public art, and local festivals, creating a distinctive and authentic atmosphere that appeals to both residents and visitors. Ballard's thriving food and drink scene, which includes a mix of trendy restaurants, craft breweries, and artisanal coffee shops, also contributes to its hip and vibrant character. Additionally, the neighborhood's active community organizations and regular events foster a sense of belonging and engagement, making Ballard a truly special place to live and visit.

8. Top Place to Invest in Seattle, Washington - Downtown

Situated at the heart of the Emerald City, Downtown Seattle is a bustling and dynamic neighborhood that offers an unparalleled blend of urban amenities, cultural attractions, and stunning natural beauty. With its iconic skyline, world-class restaurants and shopping, and convenient access to major employers and transportation hubs, Downtown Seattle has become an increasingly attractive location for upcoming short-term rental businesses seeking a vibrant and lucrative market.

Location Airbnb Market Data

• Average Revenue – $27.2K per year
• Average Daily Rate – $185.4 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $87.8

Convenience - 9/10

Downtown Seattle's prime location and extensive transportation network make it one of the most convenient neighborhoods in the city. The area is served by numerous bus lines, the Link light rail, and the Seattle Streetcar, providing easy access to other parts of the city and beyond. Downtown also boasts an impressive Walk Score of 99, with a wide range of shops, restaurants, services, and amenities all within walking distance.

Tourist Attractions - 10/10

Downtown Seattle is home to many of the city's most iconic tourist attractions, drawing millions of visitors each year. From the Space Needle and Pike Place Market to the Seattle Art Museum and the Seattle Waterfront, there is no shortage of world-class destinations to explore. The neighborhood also hosts a variety of annual events and festivals, such as the Seattle International Film Festival and the Bumbershoot Music & Arts Festival, which showcase the city's vibrant cultural scene.

Things to Do - 10/10

In addition to its tourist attractions, Downtown Seattle offers endless activities and experiences for residents and visitors alike. The neighborhood's thriving arts and culture scene includes numerous theaters, galleries, and performance venues like the Paramount Theatre and the Seattle Symphony. Downtown's diverse culinary landscape features everything from fine dining restaurants to food trucks and farmers markets, catering to every taste and budget. The area also provides easy access to outdoor recreation, with the Olympic Sculpture Park and the Seattle Waterfront offering stunning views and green spaces.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Downtown Seattle is $1,200,000, representing a 3.8% appreciation over the past year. While this price point is significantly higher than many other Seattle neighborhoods, the steady appreciation rate and the area's prime location make it an attractive option for Airbnb and short-term rental investors targeting a high-end market. The neighborhood's mix of luxury condominiums, apartments, and townhouses also provides a range of investment opportunities, although inventory may be limited.

Proximity to Work-Related Travel - 10/10

Downtown Seattle is the city's central business district, making it an ideal location for work-related travel. The neighborhood is home to numerous major employers, including Amazon, Nordstrom, and the Seattle Metropolitan Chamber of Commerce. Downtown also features the Washington State Convention Center, which hosts a variety of conferences and events throughout the year. The area's proximity to major transportation hubs, such as the Westlake Center and the Colman Dock, makes it easy for business travelers to navigate the city and beyond.

X-Factor - 9/10

Downtown Seattle's unparalleled combination of urban energy, cultural richness, and natural beauty sets it apart. The neighborhood's iconic skyline, including the Space Needle and the Columbia Center, creates a stunning visual backdrop that is instantly recognizable worldwide. Downtown's eclectic mix of historic buildings, modern skyscrapers, and public art installations also contributes to its unique character and sense of place. The proximity to the Puget Sound and the Olympic Mountains provides a constant reminder of the natural wonders surrounding the city, making Downtown Seattle a truly special place to live, work, and visit.

9. Top Place to Invest in Seattle, Washington - Fremont

Nestled in the heart of Seattle, Fremont is a vibrant and eclectic neighborhood that offers a perfect blend of quirky charm, convenient location, and diverse amenities. With its thriving arts scene, unique attractions, and proximity to major employers, Fremont has become an increasingly attractive destination for Airbnb and short-term rental investors seeking a dynamic and profitable market.

Fremont Airbnb Market Data

• Average Revenue – $43.8K per year
• Average Daily Rate – $215.3 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $149.6

Convenience - 8/10

Fremont's central location provides easy access to various parts of Seattle. The neighborhood boasts excellent walkability and bikeability, with a walk score of 89 and a bike score of 53. Fremont is well-served by public transportation, including several bus lines connecting it to downtown Seattle and other popular destinations. The area also offers a variety of local shops, restaurants, and grocery stores, such as PCC Community Markets, ensuring that guests have everything they need within walking distance.

Tourist Attractions - 7/10

While Fremont itself may not be a primary tourist destination, it is home to several unique attractions that draw visitors from around the city and beyond. The neighborhood is famous for its quirky public art installations, such as the Fremont Troll, the Statue of Lenin, and the Fremont Rocket. The Fremont Sunday Market, one of Seattle's longest-running year-round markets, is another popular attraction, featuring over 150 vendors offering handmade crafts, antiques, and street food. Additionally, the nearby Theo Chocolate Factory offers tours and tastings, providing a sweet experience for visitors.

Things to Do - 8/10

Fremont offers a wide range of activities and events for residents and visitors alike. The neighborhood is known for its lively arts and culture scene, with numerous galleries, theaters, and live music venues. Annual events like the Fremont Solstice Parade and the Fremont Oktoberfest showcase the area's creative spirit and community engagement. Outdoor enthusiasts can enjoy the Burke-Gilman Trail, a scenic route for walking, jogging, and cycling along the Lake Washington Ship Canal. Foodies will appreciate Fremont's diverse culinary landscape, which includes trendy restaurants, craft breweries, and artisanal coffee shops.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Fremont is $619,500, representing a 0.7% appreciation over the past year. While this price point is higher than the national average, it is relatively affordable compared to some other Seattle neighborhoods. The average Fremont home goes pending in around 21 days, indicating a competitive market. The neighborhood offers a mix of single-family homes, townhouses, and condominiums, providing a range of investment opportunities for Airbnb and short-term rental investors.

Proximity to Work-Related Travel - 8/10

Fremont's location in central Seattle provides convenient access to major employment centers, including downtown Seattle, South Lake Union, and the University of Washington. The neighborhood's proximity to State Route 99 and the Fremont Bridge also makes it easy for business travelers to navigate the city. Additionally, Fremont is home to several notable companies, such as Google, Tableau Software, and Adobe, making it an attractive destination for work-related stays.

X-Factor - 9/10

Its unique blend of quirky charm, creative energy, and strong sense of community sets Fremont apart. The neighborhood's eclectic mix of public art, historic architecture, and indie businesses creates a one-of-a-kind atmosphere that appeals to both residents and visitors. Fremont's vibrant arts and culture scene, diverse culinary offerings, and outdoor recreation opportunities make it a truly special place to live and visit. Additionally, the neighborhood's active community organizations and regular events foster a sense of belonging and engagement, contributing to its desirability as an Airbnb and short-term rental investment location.

10. Top Place to Invest in Seattle, Washington - Belltown

Nestled in the heart of Seattle, Belltown is a vibrant and eclectic neighborhood that offers a perfect blend of urban convenience, cultural attractions, and a thriving local scene. With its prime location, diverse amenities, and unique character, Belltown has become an increasingly attractive destination for starting short-term rentals.

Belltown Airbnb Market Data

• Average Revenue – $51.5K per year
• Average Daily Rate – $219.7 per night
• Average Occupancy Rate – 74%
• Average RevPAR – $161

Convenience - 9/10

Belltown's central location provides unparalleled access to the best of Seattle. The neighborhood boasts excellent walkability, with a walk score of 89, making it easy for residents and visitors to explore the area on foot. Belltown is also well-served by public transportation, with numerous bus lines and the Monorail connecting it to other parts of the city. The neighborhood offers a wide range of local amenities, including grocery stores, pharmacies, and convenience stores, ensuring that guests have everything they need within walking distance.

Tourist Attractions - 8/10

While Belltown itself may not be the primary tourist destination in Seattle, its proximity to major attractions makes it an ideal base for exploring the city. Visitors can easily access iconic landmarks such as the Space Needle, Pike Place Market, and the Seattle Art Museum, all within a short walk or public transit ride from the neighborhood. Belltown also boasts its own unique attractions, such as the Olympic Sculpture Park, which showcases stunning contemporary art against the backdrop of Puget Sound.

Things to Do - 9/10

Belltown offers a wealth of activities and experiences for residents and visitors alike. The neighborhood is known for its thriving arts and culture scene, with numerous galleries, theaters, and live music venues showcasing local and international talent. Foodies will appreciate Belltown's diverse culinary landscape, which includes trendy restaurants, craft breweries, and artisanal coffee shops. The area also provides ample opportunities for outdoor recreation, with nearby parks and waterfront trails offering stunning views of the city and the surrounding natural beauty.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Belltown is $580,000, representing a 7.3% appreciation over the past year. While this price point is higher than the national average, it is relatively competitive compared to some other Seattle neighborhoods. The average home in Belltown sells after 63 days on the market, indicating a somewhat competitive market. The neighborhood offers a mix of historic buildings, modern condominiums, and apartments, providing a range of investment opportunities for Airbnb and short-term rental investors.

Proximity to Work-Related Travel - 8/10

Belltown's location in the heart of Seattle provides convenient access to major employment centers, including downtown Seattle, South Lake Union, and the nearby hospitals and medical facilities. The neighborhood's proximity to the Washington State Convention Center and the Bell Harbor International Conference Center also makes it an attractive destination for business travelers attending conferences and events. Additionally, Belltown's easy access to public transportation and major highways ensures that guests can efficiently navigate the city for work-related travel.

X-Factor - 9/10

Belltown's unique blend of urban energy, cultural diversity, and community spirit sets it apart. The neighborhood's rich history, which spans from its early days as a low-rent artist enclave to its current status as one of Seattle's most sought-after areas, is reflected in its eclectic mix of architecture, public art, and local businesses. Belltown's vibrant nightlife scene, which includes a variety of bars, clubs, and live music venues, adds to its appeal as a destination for both residents and visitors. Additionally, the neighborhood's strong sense of community and engaged local organizations contribute to its distinctive character and desirability as an investment location.