Performance indicators for the Olympia short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Olympia.
Loading top listings...
Generally Investor friendly
Olympia allows STRs citywide with explicit legality and a manageable permitting process, but vacation rentals require a biennial permit, business licenses, insurance, and a 24/7 local contact, adding moderate compliance burden. Caps (max two units per owner) and zoning restrictions limit scale but are reasonable. Enforcement is clear and supportive, with penalties for violations, but the tone fosters investment through well-documented processes and legacy protections.
Local STR Agent
STR specialist · Olympia, WA
Olympia, the capital city of Washington State, is an appealing location for short-term rentals owing to its vibrant culture, natural beauty, and proximity to major urban centers. With a population of approximately 55,000 residents, Olympia is situated around 60 miles southwest of Seattle, making it a convenient destination for visitors from larger metropolitan areas.
Notable for its picturesque waterfront locale on the southern tip of Puget Sound, Olympia boasts several key landmarks and attractions. The Washington State Capitol Building (https://des.wa.gov/services/facilities-leasing/capitol-campus/mansion-facilities/legislative-building)) is a prominent feature, offering guided tours and stunning architecture. The Hands On Children's Museum (https://www.hocm.org/)) appeals to families with its interactive exhibits.
Olympia’s natural surroundings are equally compelling, with the Nisqually National Wildlife Refuge (https://www.fws.gov/refuge/nisqually/)) providing extensive walking trails and opportunities for bird watching. The city's proximity to outdoor adventure is highlighted by Capitol State Forest (https://www.dnr.wa.gov/Capitol)) nearby, which offers hiking, mountain biking, and other recreational activities.
Culturally rich, Olympia is known for its arts scene, supported by venues like the Washington Center for the Performing Arts (https://www.washingtoncenter.org/)..) Additionally, the Historic Districts, such as the Bigelow House Museum (https://olyhistory.org/bigelow-house-museum/),,) showcase the city's rich heritage.
In summary, Olympia's blend of governmental significance, cultural vibrancy, and natural beauty makes it an enticing destination for short-term rentals, enriched by its accessible location near Seattle.
