Gig Harbor, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

123 / 219

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$38,592

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$810,288

Median Home Sale Price

Top Earners

$86,348

Top-Earners Revenue

Gig Harbor

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Gig Harbor.

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B

Generally Investor friendly

Gig Harbor Regulations

Gig Harbor explicitly allows STRs citywide (all zones where dwelling units are permitted) with a clear, defined process (Type II permit) and supportive city tone via guidance and resources. However, compliance requires a structured application, public notice, fire/safety inspection, annual renewal, and operational limits (one permit per operator, non-transferable), representing moderate permitting complexity but no explicit caps.

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About Gig Harbor

Gig Harbor, Washington, is a picturesque maritime city known for its charming downtown and scenic waterfront. With a population of approximately 12,000, it's situated just over 12 miles from Tacoma, making it a convenient and attractive destination for visitors seeking a blend of tranquility and accessibility.

Situated on the southern shores of the Puget Sound, Gig Harbor is renowned for its stunning views of Mount Rainier and its historic, vibrant waterfront area, which features a variety of boutiques, restaurants, and marinas. One notable landmark is the Harbor History Museum (https://www.harborhistorymuseum.org/),,) which offers insight into the area's rich cultural and maritime heritage.

Outdoor enthusiasts can explore the nearby Kopachuck State Park (https://www.parks.wa.gov/527/Kopachuck)) for hiking, picnicking, and beach activities, or take a stroll along the city's scenic waterfront trail. Additionally, the charming Skansie Brothers Park and Netshed (https://www.gigharborguide.com/parks/skansie-brothers-park/)) is a local favorite, offering stunning waterfront views and seasonal events that draw both locals and tourists.

The appeal of short-term rentals in Gig Harbor lies in its serene yet vibrant setting, bolstered by its proximity to major urban centers and natural attractions. The unique blend of historical charm and modern amenities makes it an ideal spot for visitors looking to experience the best of Pacific Northwest living.

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