Olympia, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

1774 / 3823

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$32,554

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$527,202

Median Home Sale Price

Top Earners

$64,656

Top-Earners Revenue

Olympia

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Olympia.

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B

Generally Investor friendly

Olympia Regulations

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.

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About Olympia

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.

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