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

Airbnb Rules and Regulations in Vancouver, Washington

As of 2024, the City of Vancouver has implemented new regulations for short-term rentals, including those listed on different booking platforms. Operators must now obtain a $50 business license and a one-time $250 permit to legally rent out their properties for stays shorter than 30 days. The city aims to limit the total number of short-term rentals to 870 units, equivalent to 1% of Vancouver's housing stock, during the initial 24-month pilot period.

Hosts are required to notify neighbors of their permit application and ensure their rentals comply with all health, safety, and noise regulations. The city reserves the right to inspect any authorized short-term rental. These new rules seek to strike a balance between individual property rights and community housing needs while enabling the city to track and respond to complaints related to short-term rentals. Failure to comply with these regulations may result in fines or other penalties.

Vancouver Airbnb Market Data:

• Average Revenue – $60.8K per year
• Average Daily Rate – $268.5 per night
• Average Occupancy Rate – 62%
• Average RevPAR – $167.2
• Average Home Prices – $503,330

1. Top Place to Invest in Vancouver, Washington - Downtown

Nestled along the Columbia River, Downtown Vancouver offers a vibrant urban core with a small-town charm. This historic district has undergone significant revitalization, making it an attractive destination for both residents and visitors alike. Its unique blend of amenities, attractions, and proximity to key locations makes it a top contender for launching Airbnb investments in Vancouver, Washington.

Downtown Airbnb Market Data:

• Average Revenue – $67.2K per year
• Average Daily Rate – $287.7 per night
• Average Occupancy Rate – 64%
• Average RevPAR – $183.5

Convenience - 8/10

Downtown Vancouver boasts a highly walkable environment, with numerous shops, restaurants, and services within easy reach. The compact layout of the area allows for convenient access to daily necessities, making it an ideal location for short-term rental guests who value accessibility and convenience.

Tourist Attractions - 7/10

The downtown area is home to several notable attractions, including the Vancouver Farmers Market, which draws visitors from across the region. The historic Officers Row and Fort Vancouver National Historic Site offer a glimpse into the city's rich past, while the Vancouver Waterfront Park provides a scenic spot for relaxation and recreation.

Things to Do - 7/10

From exploring the local art scene at galleries like the Vancouver Downtown Association's Art Space to enjoying live performances at the Magenta Theater, there's no shortage of activities in Downtown Vancouver. Visitors can also indulge in diverse dining options, from casual eateries to upscale restaurants or local community events like the annual Vancouver Wine and Jazz Festival.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Downtown Vancouver stands at $450,000, reflecting a modest 2.5% appreciation rate over the past year. While prices are relatively high compared to some other areas of the city, the central location and desirability of the neighborhood justify the investment for those looking to capitalize on the short-term rental market.

Proximity to Work-Related Travel - 8/10

Downtown Vancouver's strategic location makes it an ideal base for work-related travel. The area is just a short drive from major employers like PeaceHealth Southwest Medical Center and the Vancouver Convention Center. Additionally, the nearby Portland International Airport and the Portland Expo Center are easily accessible via I-5, making it convenient for business travelers attending conferences and events.

X-Factor - 8/10

Its unique blend of history, culture, and modern amenities sets Downtown Vancouver apart. The area's ongoing revitalization efforts and its picturesque waterfront setting create an inviting atmosphere that appeals to a wide range of visitors. The downtown district's charm and character are unmatched, making it a standout choice for Airbnb investors seeking a location with a strong sense of place.

2. Top Place to Invest in Vancouver, Washington - Felida

Felida, a peaceful suburban neighborhood in Vancouver, Washington, offers a tranquil retreat for those seeking a quieter pace of life. With its well-maintained homes, excellent schools, and proximity to nature, Felida has become an increasingly attractive option for families and professionals looking to escape the hustle and bustle of the city.

Felida Airbnb Market Data:

• Average Revenue – $55.2K per year
• Average Daily Rate – $265.3 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $153.8

Convenience - 6/10

While Felida may not have the same level of walkability as downtown areas, it still offers a decent range of amenities within a short drive. Residents can access grocery stores, restaurants, and other services in nearby shopping centers, ensuring that most daily needs are met without venturing too far from home.

Tourist Attractions - 4/10

Felida itself is primarily a residential area and does not boast many tourist attractions of its own. However, its proximity to natural beauty spots like Salmon Creek Park and Whipple Creek Regional Park makes it an appealing base for outdoor enthusiasts looking to explore the region's scenic trails and green spaces.

Things to Do - 5/10

While Felida may not have a bustling nightlife or an extensive array of cultural attractions, it does offer a selection of low-key activities for residents and visitors. The neighborhood is home to several parks, including Felida Park and Sgt. Brad Crawford Park provides opportunities for picnicking, playing sports, and enjoying the outdoors.

Average Home Prices - 7/10

As of 2024, Zillow data indicates that the median home value in Felida stands at $550,000, reflecting a steady 3.5% appreciation rate over the past year. Although prices are higher than in some other areas of Vancouver, the neighborhood's desirability, coupled with its larger lot sizes and newer construction, makes it an attractive option for those willing to invest in a new home to transform into an Airbnb.

Proximity to Work-Related Travel - 5/10

Felida's location on Vancouver's northern outskirts means it is not as centrally located for work-related travel as some other neighborhoods. However, it is still within a reasonable commuting distance of major employers like Legacy Salmon Creek Medical Center and the Vancouver Mall. For those attending events in Portland, the drive may be slightly longer but still manageable.

X-Factor - 7/10

Felida's main draw is its reputation as a safe, family-friendly neighborhood with a strong sense of community. The area's well-regarded schools, spacious homes, and access to outdoor recreation make it an appealing choice for families looking for a suburban lifestyle. While it may not have the same level of excitement as more urban areas, Felida's charm lies in its tranquility and small-town feel.

3. Top Place to Invest in Vancouver, Washington - Cascade Park

Cascade Park, a thriving neighborhood in the heart of Vancouver, Washington, has emerged as a sought-after destination for both residents and visitors. With its mix of urban amenities, green spaces, and convenient location, Cascade Park offers a compelling proposition for those considering investing in the short-term rental market.

Cascade Park Airbnb Market Data:

• Average Revenue – $79.1K per year
• Average Daily Rate – $314.1 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $218.6

Convenience - 8/10

One of Cascade Park's greatest strengths is its convenience. The neighborhood boasts a wide array of shopping, dining, and entertainment options, with the Vancouver Mall and several other retail centers located within its boundaries. This abundance of amenities means that visitors can easily access everything they need without straying far from their rental property. It also means that there are plenty of opportunities to establish local business partnerships for investors looking to provide a bit of extra value to their guests.

Tourist Attractions - 6/10

While Cascade Park may not be a primary tourist destination, it does offer a few notable attractions. The Cascade Park Community Library is a popular spot for locals and visitors alike, offering a variety of programs and resources. The nearby Evergreen Aviation & Space Museum, home to the famous Spruce Goose, is just a short drive away and draws aviation enthusiasts from around the world.

Things to Do - 7/10

Cascade Park offers a range of activities to suit various interests. Outdoor enthusiasts can enjoy the walking trails and sports fields at Cascade Park, while those looking for indoor entertainment can visit the Vancouver Mall or catch a movie at the AMC Vancouver Mall 23. The neighborhood also hosts several community events throughout the year, such as the Cruise the Couve classic car show.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Cascade Park stands at $480,000, reflecting a modest 2.8% appreciation rate over the past year. While prices are slightly higher than the Vancouver average, the neighborhood's desirable location and amenities justify the investment for those looking to capitalize on the short-term rental market.

Proximity to Work-Related Travel - 8/10

Cascade Park's central location makes it an ideal base for work-related travel. The neighborhood is just minutes away from major employers like PeaceHealth Southwest Medical Center and the Vancouver Campus of Washington State University. The nearby I-205 and I-5 freeways also provide easy access to Portland International Airport and the Oregon Convention Center, making it convenient for business travelers.

X-Factor - 7/10

What sets Cascade Park apart is its balanced blend of urban convenience and natural beauty. The neighborhood's well-maintained parks and green spaces provide a welcome respite from the bustling commercial areas, creating a pleasant environment for both residents and visitors. This unique combination of features makes Cascade Park an attractive option for Airbnb investors seeking a location that offers the best of both worlds.

4. Top Place to Invest in Vancouver, Washington - Minnehaha

Minnehaha, a charming neighborhood in eastern Vancouver, Washington, has been gaining attention as a potential hotspot for Airbnb investments. With its unique blend of suburban tranquility and proximity to natural attractions, Minnehaha offers a compelling proposition for those looking to tap into the short-term rental market.

Minnehaha Airbnb Market Data:

• Average Revenue – $52.3K per year
• Average Daily Rate – $242.8 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $150.5

Convenience - 6/10

While Minnehaha may not have the same level of urban convenience as some other Vancouver neighborhoods, it still offers a decent range of amenities. Residents can access grocery stores, restaurants, and other services within a short drive, ensuring that most daily needs are met without venturing too far from home.

Tourist Attractions - 7/10

Minnehaha's main draw is its proximity to outdoor attractions. The nearby Lacamas Lake Regional Park offers a variety of recreational activities, including hiking, fishing, and boating. The scenic Lacamas Creek Trail winds through the neighborhood and is a popular spot for walking, jogging, and cycling. These natural features make Minnehaha an appealing destination for visitors seeking a peaceful retreat.

Things to Do - 6/10

In addition to the outdoor activities mentioned above, Minnehaha offers a few other entertainment options. The neighborhood is home to several parks, such as Minnehaha Park and Blandford Canyon Park, which provide opportunities for picnicking and enjoying nature. The nearby Camas Meadows Golf Club is a popular spot for golf enthusiasts.

Average Home Prices - 7/10

As of 2024, Zillow data indicates that the median home value in Minnehaha stands at $450,000, reflecting a steady 3.2% appreciation rate over the past year. While prices are slightly higher than in some other areas of Vancouver, the neighborhood's desirable location and access to natural amenities make it an attractive option for those willing to invest in a growing market.

Proximity to Work-Related Travel - 5/10

Minnehaha's location on the eastern edge of Vancouver means that it is not as centrally located for work-related travel as some other neighborhoods. However, it is still within a reasonable commuting distance of major employers like PeaceHealth Southwest Medical Center and the Vancouver Mall. For those attending events in Portland, the drive may be slightly longer but still manageable.

X-Factor - 7/10

Minnehaha's unique selling point is its suburban charm and natural beauty balance. The neighborhood's tree-lined streets, well-maintained homes, and access to outdoor recreation create a peaceful and inviting atmosphere that appeals to visitors seeking a break from the hustle and bustle of city life. This combination of factors makes Minnehaha an intriguing option for Airbnb investors looking to capitalize on the growing demand for nature-oriented getaways.

5. Top Place to Invest in Vancouver, Washington - Vancouver Heights

Perched on a hill overlooking the city, Vancouver Heights is a historic neighborhood that has been attracting attention from investors and homebuyers alike. With its mix of old-world charm, stunning views, and convenient location, Vancouver Heights presents a unique opportunity for those looking to invest in the short-term rental market.

Vancouver Heights Airbnb Market Data:

• Average Revenue – $68.6K per year
• Average Daily Rate – $329.5 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $184.6

Convenience - 7/10

Vancouver Heights offers a good balance of residential tranquility and urban convenience. The neighborhood is just a short drive from downtown Vancouver, where residents and visitors can access a wide range of shopping, dining, and entertainment options. Several grocery stores, restaurants, and other services are also located within the neighborhood itself, ensuring that most daily needs can be met without traveling far.

Tourist Attractions - 6/10

While Vancouver Heights may not be a primary tourist destination, it does offer a few notable attractions. The historic Fort Vancouver National Historic Site is just a short drive away, providing visitors with a glimpse into the region's rich history. The nearby Vancouver Lake Park is a popular spot for water sports, picnicking, and enjoying the outdoors.

Things to Do - 6/10

Vancouver Heights offers a range of activities for residents and visitors. The neighborhood is home to several parks, including David Douglas Park and Arnold Park, which provide opportunities for hiking, playing sports, and enjoying nature. The nearby Pearson Air Museum is a must-visit for aviation enthusiasts, while the Vancouver Farmers Market is a popular spot for fresh produce and local crafts.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Vancouver Heights stands at $475,000, reflecting a steady 3% appreciation rate over the past year. While prices are slightly higher than some other areas of Vancouver, the neighborhood's desirable location, historic charm, and stunning views justify the investment for those looking to capitalize on the short-term rental market.

Proximity to Work-Related Travel - 7/10

Vancouver Heights' location near the heart of Vancouver makes it a convenient base for work-related travel. The neighborhood is just a short drive from major employers like PeaceHealth Southwest Medical Center and the Vancouver Campus of Washington State University. The nearby I-5 freeway provides easy access to Portland International Airport and the Oregon Convention Center, making it convenient for business travelers.

X-Factor - 8/10

Vancouver Heights's unique blend of history, natural beauty, and urban convenience sets it apart. The neighborhood's historic homes, tree-lined streets, and stunning views of the city and the Columbia River create a charming and inviting atmosphere that appeals to visitors seeking an authentic Vancouver experience. This combination of factors makes Vancouver Heights a compelling option for Airbnb investors looking to tap into the growing demand for distinctive, character-rich accommodations.

6. Top Place to Invest in Vancouver, Washington - Orchards

Nestled in the heart of Clark County, Orchards is a thriving suburban neighborhood that offers a perfect blend of residential charm and urban convenience. With its well-maintained homes, excellent schools, and proximity to natural attractions, Orchards has become an increasingly popular destination for families, professionals, and investors alike.

Orchards Airbnb Market Data:

• Average Revenue – $55.1K per year
• Average Daily Rate – $247.3 per night
• Average Occupancy Rate – 61%
• Average RevPAR – $148.8

Convenience - 7/10

Orchards boasts a variety of amenities that cater to the daily needs of its residents. The neighborhood is home to several shopping centers, grocery stores, and restaurants, ensuring that most essentials are just a short drive away. While it may not have the same level of walkability as some urban areas, Orchards still offer decent convenience for those who prefer a suburban lifestyle.

Tourist Attractions - 5/10

As a primarily residential area, Orchards itself does not have many tourist attractions. However, its location provides easy access to nearby destinations such as the Columbia River Gorge, Mount St. Helens, and the vibrant city of Portland, Oregon. These nearby attractions offer a wealth of outdoor recreation, cultural experiences, and entertainment options for visitors and residents alike.

Things to Do - 6/10

Orchards offers a range of activities for its residents, particularly those who enjoy the outdoors. The neighborhood is home to several parks, including Orchards Community Park and Sifton Neighborhood Park, which provide opportunities for picnicking, sports, and leisurely walks. The nearby Lacamas Lake Regional Park and Lacamas Heritage Trail offer scenic hiking and biking trails as well as fishing and boating opportunities, making it a fairly exceptional destination for those seeking fitness-focused getaways.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Orchards stands at $529,000, reflecting a steady 5.8% appreciation rate over the past year. This price point is slightly higher than the overall median for Vancouver, which sits at $485,000. However, the neighborhood's desirable location, well-maintained homes, and a strong sense of community justify the investment for those looking to capitalize on the short-term rental market.

Proximity to Work-Related Travel - 6/10

Orchards' location on the eastern side of Vancouver means that it is not as centrally located for work-related travel as some other neighborhoods. However, it is still within a reasonable commuting distance of major employers such as PeaceHealth Southwest Medical Center and the Vancouver Mall. For those attending events in Portland, the drive is slightly longer but still manageable, with easy access to I-205 and I-5.

X-Factor - 7/10

What sets Orchards apart is its strong sense of community and suburban charm. The neighborhood's well-maintained homes, tree-lined streets, and active neighborhood associations create a welcoming atmosphere that appeals to families and individuals seeking a tight-knit community. Additionally, Orchards' proximity to outdoor recreation and nearby urban amenities offers a unique balance that attracts both short-term renters and long-term residents.