Black Diamond, WA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

14 / 18

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$41,989

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$773,347

Median Home Sale Price

Top Earners

$80,770

Top-Earners Revenue

Black Diamond

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Black Diamond.

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C

Challenging to Investors

Black Diamond Regulations

No city-specific STR ordinance or permitting details identified in available sources; unclear whether STRs are governed under general zoning/business licenses. Ambiguity on caps, fees, and enforcement raises investor risk.

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About Black Diamond

Tucked into the foothills of the Cascade Mountains, Black Diamond is a small historic city in King County, Washington, with a population of roughly 4,200 residents. The town carries a strong coal-mining heritage from the late 19th and early 20th centuries, when it was one of the largest coal producers in the Pacific Northwest. Today it functions as a quiet rural-feel community and a popular gateway to the surrounding outdoor recreation areas of southeast King County. It sits approximately 35 miles southeast of Seattle, generally accessible in about 45 minutes to an hour by car, though travel times vary with traffic over the surrounding highways.

The Black Diamond Museum is the city's most prominent cultural landmark, preserving the area's mining history through exhibits, artifacts, and photographs housed in restored historic buildings. Visitors can learn about the immigrant communities who settled the town to work the mines and see relics of the once-thriving coal industry. The museum sits within walking distance of the small historic downtown, making it an easy stop for guests exploring the area on foot.

A short drive north of the city center, Lake Sawyer is a freshwater lake of roughly 280 acres that anchors much of the area's everyday recreation. Locals and visitors head to its public parks for swimming, paddling, fishing, and lakeside picnicking, making it a summer focal point for the surrounding communities. Several public access points ring the lake, offering both developed beaches and quieter wooded shorelines.

For hikers and outdoor enthusiasts, Flaming Geyser State Park lies just a few miles away along the Green River. The park is named for a small natural gas vent that has burned for decades, and it offers river access, picnic areas, and miles of multi-use trails through the forested river corridor. Nolte State Park, situated along the north end of Lake Sawyer, adds additional waterfront day-use opportunities with quiet forest trails and a tranquil swimming area.

Black Diamond's appeal as a short-term-rental market stems from this balance of small-town character and outdoor access. Visitors drawn to the Cascades, the Green River Gorge, and Mount Rainier National Park to the south find a quieter, more affordable base than the gateway towns closer to the national park itself, while still being within an easy drive of Seattle and the broader Puget Sound region.

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