Cashmere, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

8 / 10

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$29,319

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$548,454

Median Home Sale Price

Top Earners

$64,691

Top-Earners Revenue

Cashmere

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cashmere.

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C

Challenging to Investors

Cashmere Regulations

New STRs are effectively banned in residential zones (0% cap), greatly limiting viable inventory and increasing investor risk; only commercial zoning permits STRs, and operations face moderate costs (up to $2,270 plus $1,520 CUP for Tier 3), mandatory inspections and health approvals, and an annual first-come, first-served permit window.

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About Cashmere

Cashmere is a small city tucked into the Wenatchee Valley of Chelan County, Washington, with a population of roughly 3,100 residents. Set along the Wenatchee River and framed by the foothills of the Cascade Range, the town carries a quiet, orchard-country character rooted in its fruit-growing heritage. It is best known as the home of Liberty Orchards and its Aplets & Cotlets confections, a Pacific Northwest sweet made from fruit and walnuts that has been produced here for generations. Cashmere also serves as a gateway to the surrounding alpine scenery of the central Cascades, and it lies about twelve miles west of Wenatchee, the nearest major city.

Just up U.S. Highway 2 from Cashmere, the village of Leavenworth is one of Washington's most-visited destinations. Modeled after a Bavarian alpine town, Leavenworth is filled with half-timbered storefronts, German restaurants, breweries, and seasonal festivals including the famous Christmas Lighting and Oktoberfest celebrations. The drive from Cashmere takes only about twenty minutes, making it an easy day trip or evening outing for visitors staying in the area.

Outdoor recreation is a major draw, with Lake Wenatchee State Park lying roughly thirty to forty minutes northwest of town. The lake, bordered by old-growth forest and dramatic mountain peaks, offers swimming, kayaking, fishing, and miles of hiking and biking trails. In winter, the surrounding areas open for cross-country skiing and snowshoeing, giving the region year-round appeal.

For more adventurous travelers, the Alpine Lakes Wilderness and the Enchantments are accessible within a roughly one- to two-hour drive from Cashmere. The Enchantments are renowned among hikers for their golden larches, turquoise alpine lakes, and granite spires, drawing backpackers from across the country each fall. Even a visit to nearby trailheads along Icicle Creek offers dramatic scenery without requiring a multi-day commitment.

Cashmere is a compelling base for short-term rentals because it sits in one of Washington's most scenic corridors, pairing small-town charm with immediate access to two of the state's strongest tourism magnets: the Bavarian-themed streets of Leavenworth and the wild landscapes of the central Cascades. Visitors can return each evening to a quieter, more affordable community while still being within a short drive of alpine lakes, riverfront parks, and a full calendar of regional festivals. For travelers seeking the mountain experience without the crowds and prices of Leavenworth itself, Cashmere offers a comfortable and well-located alternative.

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