Bellevue

As of May 2026, Bellevue, Seattle, Redmond, Snoqualmie have 2,112 active Airbnb and VRBO listings. This represents a 13% decrease from the previous year.

The average Airbnb or VRBO in Bellevue generates $38K per year. High-performing properties earn $80K/year, while low-performing properties earn $13K/year. The wide revenue spread suggests that market success is heavily bifurcated, where top-tier assets capture significantly more demand than the average listing in a shrinking revenue environment.

Average home prices in Bellevue vary by property size: 1-bedroom properties cost approximately $339K, 2-bedroom homes average $560K, 3-bedroom properties are around $961K, and 4+ bedroom homes average $1.2M. These prices reflect median home values across the Bellevue, Seattle, Redmond, Snoqualmie area.

Airbnb and VRBO can be profitable in Bellevue, with an average gross yield of 3% across all properties. High-performing properties achieve yields up to 7%, which is considered poor for short-term rental investment. These low yield ceilings indicate that even high-performing units struggle to outpace standard asset class returns under current market conditions.

The average occupancy rate for Airbnbs and VRBOs in Bellevue is 41%. This occupancy level, combined with an average nightly rate of $254, results in a RevPAR (revenue per available room) of $69 per day.

2-bedroom properties demonstrate the strongest performance in Bellevue, with an average gross yield of 6% and annual revenue of $39K. These properties balance purchase price ($560K), operating costs, and rental demand most effectively in the Bellevue market.

Short-term rental regulations vary by jurisdiction in the Bellevue area. Bellevue: Moderate. Business license required, zoning restrictions apply. Code enforcement responds to complaints but not proactive. Seattle: Strict. Operator license mandatory, primary residence only, 2-per-block limit in single-family zones. Active enforcement with significant fines and platform data sharing. Redmond: Moderate. Business license needed, owner-occupancy required for whole-home rentals. Complaint-driven enforcement. Snoqualmie: Lenient. Basic business license, minimal restrictions. Light enforcement, few active cases. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Bellevue Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 13% year-over-year, while RevPAR has decreased 28%. This indicates balanced supply-demand dynamics. The simultaneous contraction in supply and revenue highlights a market where reduced inventory has not yet stabilized pricing power for individual operators.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 9% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-January) when gaining traction is harder.

The most common amenities in Bellevue listings include: Kitchen (96%), Tv (90%), Washing Machine (85%), Heating (76%), Air Conditioning (68%). Amenities that boost revenue the most include Washing Machine, Hot Tub, Pool, with Washing Machine properties earning approximately 40% more ($58K/year vs $42K/year).

Monthly estimated revenue per listing in Bellevue over the last 12 months: May: $2K, June: $3K, July: $3K, August: $3K, September: $2K, October: $2K, November: $2K, December: $2K, January: $1K, February: $1K, March: $2K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Bellevue is $254, up 21% year-over-year. By property size: 1-bedroom properties average $147/night, 2-bedroom properties average $228/night, 3-bedroom properties average $289/night, 4+ bedroom properties average $477/night. Rates peak in July and are lowest in January.

Guests in Bellevue book an average of 31 days in advance, down 18% from last year. By property size: 1-bedroom: 26 days, 2-bedroom: 31 days, 3-bedroom: 35 days, 4+ bedroom: 39 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Bellevue Airbnb and VRBO market has seen the following changes: supply declined 13%, revenue per listing decreased 28%, occupancy fell 14%, average nightly rates increased 21%, and lead time decreased 18%. These metrics reveal a shift toward shorter booking windows and lower utilization, as aggressive rate increases potentially hamper overall occupancy.

In Bellevue, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 23% higher occupancy than weekdays.