Graham, WA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Graham short-term rental market based on reliable data.

Listings

11 / 47

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$21,870

Middle-Earners Revenue

Occupancy

58%

Middle-Earners Occupancy

Home Value

$605,140

Median Home Sale Price

Top Earners

$35,406

Top-Earners Revenue

Graham

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Graham.

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B

Generally Investor friendly

Graham Regulations

STRs are allowed in Graham with no city‑wide caps, but investors must complete state lodging‑tax registration, verify zoning, and possibly obtain a local business license and safety inspections, resulting in a moderate permitting burden.

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About Graham

Graham is an unincorporated community and census-designated place in Pierce County, Washington, situated in the southern reaches of the Puget Sound region. With a population of roughly 25,000, it carries a distinctive semi-rural character that sets it apart from the more densely developed suburbs to the west, blending open space, residential neighborhoods, and forested surroundings. Graham is widely known as a gateway to outdoor adventure in the Cascades, while remaining within easy commuting distance of the larger Tacoma–Seattle metropolitan corridor. It lies about 15 to 20 miles southeast of Tacoma and roughly 50 miles south of Seattle, giving visitors a quieter base with quick access to urban amenities and wild landscapes alike.

A short drive east from Graham brings visitors to Mount Rainier National Park, one of the most iconic destinations in the Pacific Northwest. The park's Nisqually Entrance, reached in roughly an hour by car, opens onto the park's southwestern corner and offers access to Longmire, Paradise, and some of the most photographed scenes of the snow-capped volcano. Hiking, wildflower meadows, and historic lodges make this a year-round draw for travelers who want a base outside the park itself.

Closer to home, Northwest Trek Wildlife Park is a 725-acre zoological park near Eatonville, about 20 minutes from Graham. The park features free-roaming native animals such as bison, elk, and moose viewed from a tram tour, alongside walking paths through forested exhibits of grizzlies, wolves, and mountain goats. It is a popular family-friendly stop and one of the most visited attractions in the area.

For those seeking a more low-key day on the water, Spanaway Lake and its surrounding park lie about 20 minutes northwest of Graham. The lake offers a sandy swimming beach, picnic areas, a fishing pier, and a historic 1920s pavilion, making it a favorite summer gathering spot for locals and visitors looking for a quick nature break without venturing far from town.

Graham makes a compelling base for short-term rentals because it captures a rare balance: a peaceful, tree-lined residential setting that still puts guests within an hour of major Northwest destinations like Mount Rainier and Joint Base Lewis-McChord, while remaining a manageable drive from the restaurants, museums, and waterfront of Tacoma. Travelers who want the feel of a quieter community with the flexibility to reach mountains, lakes, and city attractions in any direction will find Graham well positioned for both short stays and longer Pacific Northwest itineraries.

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