Ellensburg, WA

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

79 / 166

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$32,986

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$457,305

Median Home Sale Price

Top Earners

$75,051

Top-Earners Revenue

Ellensburg

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Ellensburg.

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A

Very Investor friendly

Ellensburg Regulations

STRs are permitted statewide under RCW 64.37 with clear, moderate obligations (insurance, safety, taxes) and no known city caps or zones; the city lacks an STR ordinance, so only standard licensing and state rules apply, making compliance simple and supportive.

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About Ellensburg

Ellensburg sits in the heart of central Washington, in the broad Kittitas Valley of Kittitas County, and is home to a population of roughly 20,000 residents. The town has a distinctly Western, small-city feel, blending the energy of a college town with deep ranching and frontier traditions. It is best known for the annual Ellensburg Rodeo, one of the largest and longest-running rodeos in the Pacific Northwest, and serves as a natural gateway to outdoor recreation in the Cascade Range. Ellensburg lies about 100 miles east of Seattle, roughly a two-hour drive via Interstate 90, and is also within easy reach of Yakima to the south.

The heart of the city is its compact, walkable downtown, where brick storefronts, locally owned restaurants, and a string of small galleries line the main streets. Just a short walk away, Central Washington University brings a steady hum of students, arts programming, and Division II athletics to the community, with the campus hosting public events, theater, and museum exhibits throughout the year. The downtown area also serves as the commercial core of the surrounding agricultural valley, where ranches, hay fields, and orchards shape the wider landscape.

Each Labor Day weekend, the Ellensburg Rodeo takes over the town, drawing thousands of visitors for several days of professional rodeo events, a kickoff parade, and street parties that swell the population well beyond its everyday size. The rodeo has been a regional tradition for more than a century and remains one of the top-rated outdoor rodeos in the country, lending the entire valley an authentic, working-ranch atmosphere.

About 25 miles northwest of Ellensburg, the small town of Roslyn offers a striking change of pace. Once a coal-mining community founded in the 1880s, Roslyn is today a National Historic District with restored worker cottages, a local museum, and a quiet main street of taverns and cafés. Just beyond the town, the surrounding Cascade foothills open up into hiking, mountain biking, and cross-country skiing at resorts and trail systems clustered around Cle Elum Lake and the upper Yakima River.

To the east along I-90, the Ginkgo Petrified Forest State Park near the small community of Vantage preserves an unusual collection of petrified wood and overlooks the Columbia River. The park offers interpretive trails and a small museum, and pairs naturally with the dramatic basalt canyons and large wind farms of the surrounding shrub-steppe.

For short-term-rental owners, Ellensburg offers an appealing mix of small-town character, a marquee annual event, a year-round university population, and ready access to both the Cascade Mountains and the broader Pacific Northwest. Its position along Interstate 90, between Seattle and the inland Northwest, gives the town a steady stream of road-trippers, rodeo fans, and outdoor travelers looking for an authentic, uncrowded base.

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