Joseph, OR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

92 / 255

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$23,023

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$500,252

Median Home Sale Price

Top Earners

$53,488

Top-Earners Revenue

Joseph

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Joseph.

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C

Challenging to Investors

Joseph Regulations

Citywide STRs have no specific permit burden inside city limits (low complexity), but the only county permission is in limited CR-2 zones with detailed design/fire requirements, hotel–motel tax, occupancy/parking standards, and enforceable revocation after citations—raising compliance risk and narrowing investment area.

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About Joseph

Joseph sits in the far northeastern corner of Oregon, in Wallowa County, with a population of roughly 1,100. Tucked into a high-mountain valley at the base of the Wallowa Range, the small town has built its identity as a gateway to one of the most scenic corners of the Pacific Northwest. It carries a quiet, outdoorsy character accented by a community of bronze foundries, galleries, and Western-themed art that gives its compact downtown a distinctive cultural flavor. The nearest sizable town is Enterprise, the Wallowa County seat, just a few miles to the west, while larger cities lie much farther: Portland is roughly 300 miles to the west, and Boise sits about 220 miles to the southeast.

The primary draw outside of town is Wallowa Lake, a glacier-carved alpine lake about six miles south of Joseph. Framed by the Wallowa Mountains and home to Wallowa Lake State Park at its south end, the lake offers swimming, fishing, hiking, horseback riding, and boat rentals through the warmer months. Above the lake's east shore, the Wallowa Lake Tramway climbs to the summit of Mount Howard, where visitors are rewarded with sweeping views of the surrounding peaks and the Eagle Cap Wilderness.

Those same mountains form the heart of the Eagle Cap Wilderness, a vast protected area of jagged ridgelines, alpine meadows, and hundreds of glacial lakes that draws hikers, backpackers, and photographers from across the region. Trailheads for popular routes into the wilderness begin within a short drive of Joseph, and the area is widely considered one of the most striking hiking destinations in the Pacific Northwest.

The town also carries strong ties to the Nez Perce heritage of the region. Joseph is named for the Wallowa band leader Chief Joseph, and the surrounding valley was the homeland of his people before their forced removal in 1877. Interpretive markers and cultural sites throughout the valley connect visitors to that history, and the Nez Perce National Historical Park maintains several related locations across the broader area.

For short-term rental investors, Joseph offers a rare combination of small-town character and high-demand natural amenities. Its position as the de facto base camp for Wallowa Lake, the tramway, and the Eagle Cap Wilderness, paired with a limited local hotel supply, supports strong seasonal occupancy, particularly from late spring through early fall when visitors arrive for hiking, sightseeing, and the surrounding arts scene.

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