Chelan, WA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Chelan short-term rental market based on reliable data.
Listings
272 / 590
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$46,905
Middle-Earners Revenue
Occupancy
45%
Middle-Earners Occupancy
Home Value
$480,002
Median Home Sale Price
Top Earners
$108,931
Top-Earners Revenue
Chelan
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Chelan.
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Challenging to Investors
Chelan Regulations
STRs are explicitly allowed citywide and countywide, but investors face moderate hurdles: high annual licensing fees ($500–$900), mandatory liability insurance ($1M), inspections and biennial fire checks, strict occupancy caps (8/12/16) by tier, zoning limits, late renewal penalties (2–3x), and detailed documentation. The overall framework is clear and actively enforced with modest constraints, making it workable but not truly investor-friendly.
Local STR Agent
STR specialist · Chelan, WA
About Chelan
City Overview: Chelan, WA
Chelan is a picturesque city located in North-Central Washington state, nestled at the southeastern tip of Lake Chelan. As of the latest census, the city's population is approximately 4,000 residents. Chelan is about 180 miles (approximately 3 hours by car) northeast of Seattle, the nearest major city. Known for its natural beauty and recreational opportunities, Chelan is a popular destination for both residents and tourists.
Landmarks and Attractions
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Lake Chelan: One of the main attractions in Chelan is Lake Chelan itself, a 50-mile-long glacial lake known for its crystal-clear waters. It's a prime spot for boating, fishing, and swimming. More information can be found on the official Lake Chelan website.
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Slidewaters Waterpark: This family-friendly waterpark offers a range of water slides and pools, providing fun for all ages. Details can be found on their official site.
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Downtown Chelan: This charming downtown area features a variety of shops, restaurants, and cafes. It's a great place to explore local culture and cuisine. Visit the Historic Downtown Chelan Association's website for more information.
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Tsillan Cellars: Chelan is part of Washington's wine country, and Tsillan Cellars is one of the notable vineyards offering wine tastings and events. More details are available on their official website.
Appeal for Short-Term Rentals
Chelan's scenic beauty, combined with a wide range of recreational activities, makes it an ideal location for short-term rentals. Its proximity to Lake Chelan provides opportunities for water sports, while the surrounding hills offer hiking and biking trails. The city's wineries and downtown area further enhance its appeal, attracting tourists throughout the year.
The relatively small population ensures a tranquil environment, while still offering essential amenities and a sense of community. Its distance from Seattle makes it an accessible getaway for residents of the metropolitan area, further increasing its attractiveness for short-term rentals. Visitors looking for a mix of relaxation and adventure will find Chelan an excellent choice.