Cascades

As of June 2026, Leavenworth, Wenatchee, Snoqualmie Pass have 2,439 active Airbnb and VRBO listings. This represents a 0% increase from the previous year.

The average Airbnb or VRBO in Cascades generates $59K per year. High-performing properties earn $113K/year, while low-performing properties earn $26K/year. With nearly flat supply growth and revenue declining 11% YoY despite stable inventory, the market faces headwinds. The near-doubling gap between high and average performers suggests significant operational variance rather than broad market constraints.

Average home prices in Cascades vary by property size: 1-bedroom properties cost approximately $489K, 2-bedroom homes average $531K, 3-bedroom properties are around $760K, and 4+ bedroom homes average $1.3M. These prices reflect median home values across the Leavenworth, Wenatchee, Snoqualmie Pass area.

Airbnb and VRBO can be profitable in Cascades, with an average gross yield of 10% across all properties. High-performing properties achieve yields up to 19%, which is considered top for short-term rental investment. With virtually flat supply and declining revenue despite minimal competition growth, the market appears saturated relative to demand, evidenced by the 32% occupancy rate and significant performance variance between top and average properties.

The average occupancy rate for Airbnbs and VRBOs in Cascades is 32%. This occupancy level, combined with an average nightly rate of $425, results in a RevPAR (revenue per available room) of $123 per day.

2-bedroom properties demonstrate the strongest performance in Cascades, with an average gross yield of 8% and annual revenue of $45K. These properties balance purchase price ($531K), operating costs, and rental demand most effectively in the Cascades market.

Short-term rental regulations vary by jurisdiction in the Cascades area. Leavenworth: Moderate. Business license and lodging tax registration required, annual inspections, parking requirements. City actively monitors and enforces compliance with fines. Wenatchee: Moderate. Business license, lodging tax collection, health/safety inspections required. Zoning restrictions apply in residential areas. Enforcement occurs but less aggressive than Leavenworth. Snoqualmie Pass: Lenient. Kittitas County jurisdiction requires lodging tax registration. Minimal restrictions, light enforcement due to resort area nature and limited staff. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Cascades Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 0% year-over-year, while RevPAR has decreased 11%. This indicates balanced supply-demand dynamics. The significant gap between average revenue ($59,082) and high-performing properties ($112,658) suggests performance variance reflects property-level differentiation rather than market-wide constraints, while 32% occupancy indicates substantial pricing power remains available.

Launch around September, 2-3 months before peak winter season (December peaks). This pre-peak timing lets you build reviews when competition is 17% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (April-March) when gaining traction is harder.

The most common amenities in Cascades listings include: Kitchen (92%), Washing Machine (82%), Tv (81%), Air Conditioning (77%), Heating (61%). Amenities that boost revenue the most include Hot Tub, Air Conditioning, Sauna, with Hot Tub properties earning approximately 53% more ($89K/year vs $58K/year).

Monthly estimated revenue per listing in Cascades over the last 12 months: May: $3K, June: $4K, July: $6K, August: $5K, September: $3K, October: $3K, November: $3K, December: $6K, January: $4K, February: $3K, March: $2K, April: $3K. 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 Cascades is $425, up 10% year-over-year. By property size: 1-bedroom properties average $230/night, 2-bedroom properties average $296/night, 3-bedroom properties average $408/night, 4+ bedroom properties average $782/night. Rates peak in December and are lowest in May.

Guests in Cascades book an average of 39 days in advance, down 19% from last year. By property size: 1-bedroom: 35 days, 2-bedroom: 35 days, 3-bedroom: 38 days, 4+ bedroom: 47 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Cascades Airbnb and VRBO market has seen the following changes: supply grew 0%, revenue per listing decreased 11%, occupancy fell 9%, average nightly rates increased 10%, and lead time decreased 19%. The flat supply combined with declining occupancy and revenue suggests weakening demand relative to available inventory, while the substantial gap between average ($59,082) and high-performing listings ($112,658) indicates significant performance stratification in the market.

In Cascades, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 106% higher occupancy than weekdays.