Snoqualmie, WA

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  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

22 / 45

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$32,334

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$1,109,737

Median Home Sale Price

Top Earners

$60,014

Top-Earners Revenue

Snoqualmie

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Snoqualmie.

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C

Challenging to Investors

Snoqualmie Regulations

STRs are allowed in Snoqualmie but with notable constraints—most critically, a ban on residential STRs in the Snoqualmie Mill development area (Planning Area 1) that materially limits viable inventory. State rules impose a $1M minimum liability policy and extensive safety/registration requirements, while local permits and code compliance add moderate cost and process. Enforcement follows a warnings-to-infractions pattern, but the area-wide prohibition creates meaningful investor risk.

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About Snoqualmie

Snoqualmie is a small city in King County, Washington, set in the foothills of the Cascade Mountains roughly 30 miles east of Seattle. With a population of around 13,000, it has the feel of a foothill town that has grown into a popular day-trip and weekend destination. The city is best known for the towering Snoqualmie Falls and as a gateway to the Cascades and Snoqualmie Pass. Its local economy has expanded around tourism, gaming, and a steady commuter flow into the Seattle metropolitan area.

Snoqualmie Falls is the city's marquee attraction, a 268-foot waterfall that ranks among the most visited natural sites in the Pacific Northwest. The falls and the surrounding park are within city limits, only minutes from the historic downtown. The Salish Lodge & Spa sits at the top of the falls, and the property became internationally famous as the exterior of the "Great Northern Hotel" in the television series Twin Peaks. Observation decks, walking paths, and a lower falls viewpoint draw year-round visitors, and the lights illuminating the falls at night have become a signature sight.

Just below the falls, the historic downtown core of Snoqualmie has retained much of its late-19th-century character, when the town was a busy rail stop on the Northern Pacific line. The Northwest Railway Museum operates here, preserving and operating heritage trains along a stretch of the original rail line. The downtown area also features antique shops, cafes, and a small but growing restaurant scene that has made it a casual stop for visitors traveling between Seattle and the mountains.

A short drive east on Interstate 90 brings travelers to Snoqualmie Pass, the year-round mountain crossing at roughly 3,000 feet that serves as the main route into Eastern Washington and a hub for outdoor recreation. The pass is about 15 miles from the city and is home to Summit at Snoqualmie and the more adventurous Alpental, both of which offer downhill and Nordic skiing in winter. In summer, the surrounding Alpine Lakes Wilderness provides extensive hiking and mountain biking, and the pass remains busy with travelers crossing the Cascades year-round.

Back in the valley, the Snoqualmie Casino, operated by the Snoqualmie Tribe, has grown into one of the largest gaming and entertainment venues in the Seattle region, drawing visitors with restaurants, live events, and an on-site hotel. Together with the falls, the historic downtown, and easy access to mountain recreation, it adds a second anchor of activity that complements the natural attractions just uphill.

For short-term rental owners, Snoqualmie offers a distinctive combination of small-town character, a globally recognized natural landmark, regional gaming, and quick access to one of the busiest mountain passes in the Northwest. Its position between Seattle's urban market and the four-season recreation of the Cascades gives it a broad guest profile, from weekenders seeking a quiet escape to skiers, hikers, and Twin Peaks fans tracing the show's filming locations.

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