Lake Stevens, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

23 / 50

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$31,107

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$700,644

Median Home Sale Price

Top Earners

$72,163

Top-Earners Revenue

Lake Stevens

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lake Stevens.

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Challenging to Investors

Lake Stevens Regulations

STRs are permitted in most residential zones with clear online licensing, but the cap of 50 citywide, two‑STR per‑operator limit, and 150‑ft separation combined with low occupancy (max 8) and strict parking/safety rules meaningfully constrain inventory and operations. Moderate fees ($500/$100) and progressive enforcement add compliance risk, making investor‑grade operations challenging.

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About Lake Stevens

Lake Stevens is a city in Snohomish County, Washington, United States, that is named for the lake it surrounds. It is located 6 miles (9.7 km) east of Everett and borders the cities of Marysville to the northwest and Snohomish to the south. The city's population was 28,069 at the 2010 census, but has since grown to an estimated 33,911. The lake was named in 1859 for territorial governor Isaac Stevens and was originally home to the Skykomish in the Pilchuck River basin. The first modern settlement on Lake Stevens was founded at the northeastern corner of the lake in 1889. It was later sold to the Rucker Brothers, who opened a sawmill in 1907 that spurred early growth in the area, but closed in 1925 after the second of two major fires. The Lake Stevens area then became a resort community before developing into a commuter town in the 1960s and 1970s. Lake Stevens was incorporated as a city in 1960, following an exodus of businesses from the downtown area to a new shopping center. The city has since grown through annexations to encompass most of the lake, including the original shopping center, and quadrupled in population from 2000 to 2010. A revitalized downtown area is planned alongside new civic buildings in the 2020s.

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