Lake Stevens, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

21 / 52

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$29,002

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$707,767

Median Home Sale Price

Top Earners

$67,075

Top-Earners Revenue

Lake Stevens

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lake Stevens.

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C

Challenging to Investors

Lake Stevens Regulations

STRs are permitted in most residential zones with clear online licensing, but the cap of 50 citywide, two‑STR per‑operator limit, and 150‑ft separation combined with low occupancy (max 8) and strict parking/safety rules meaningfully constrain inventory and operations. Moderate fees ($500/$100) and progressive enforcement add compliance risk, making investor‑grade operations challenging.

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About Lake Stevens

Lake Stevens is a suburban city in Snohomish County, Washington, wrapped around the northern and eastern shores of the freshwater lake that gives it its name. With a population of roughly 33,000, it has the feel of a quiet residential community that swells with visitors on warm weekends, when the lake fills with boaters, paddleboarders, and swimmers. It sits about 35 miles north of Seattle, just off Interstate 5 and US 2, making it an easy base for travelers exploring the greater Puget Sound region or heading east into the Cascades.

The lake itself is the city's centerpiece and primary draw. Public launch ramps, a city beach, and a waterfront park give visitors access to swimming, fishing for trout and kokanee, kayaking, and small-craft boating in a setting framed by forested hills and modest lakefront homes. The waterside Lake Stevens Community Park and the surrounding shoreline are popular for picnics and sunset walks during the warmer months.

A short drive east brings visitors into the foothills of the Cascades. Mount Pilchchuck State Park sits within roughly an hour's drive and offers a strenuous but rewarding hike to a historic fire lookout with sweeping views of the surrounding mountains, the Puget Sound, and on clear days, the distant peak of Mount Rainier. The trailhead is accessed through the small town of Granite Falls, a useful stop for coffee or a meal before or after a hike.

West of the city, the historic town of Snohomish lies just a few miles away and is known for its preserved downtown of antique shops, tasting rooms, and small restaurants housed in 19th-century buildings. Further west, Everett's waterfront and the Future of Flight Aviation Center are within about 15 miles, offering Boeing factory tours and a glimpse of the region's deep ties to commercial aviation. For those willing to drive a bit farther, the Stevens Pass ski area in the Cascades is roughly 70 miles to the southeast, providing winter skiing and summer hiking within a couple of hours.

Lake Stevens makes a compelling base for short-term rentals because it offers a peaceful, lake-oriented experience while remaining within easy reach of Seattle, the Snohomish Valley, the Cascades, and the broader Puget Sound. Its combination of small-town character, outdoor recreation, and proximity to both urban amenities and mountain wilderness appeals to families, road-trippers, and remote workers looking to balance nature with convenience.

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