Leavenworth, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

1655 / 2735

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$47,999

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$669,214

Median Home Sale Price

Top Earners

$103,399

Top-Earners Revenue

Leavenworth

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Leavenworth.

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C

Challenging to Investors

Leavenworth Regulations

Leavenworth effectively prohibits STRs in residential zones, allowing them only in commercial districts after costly conversions to R‑1 (sprinklers, alarms, accessibility) plus multiple city/state licenses; surrounding Chelan County applies strict tiers and density caps with current reports of no new permits in the Leavenworth subarea, further limiting supply and raising compliance risk.

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About Leavenworth

Leavenworth is a small city of roughly 2,400 residents tucked into the Cascade Mountains of Chelan County, Washington. Modeled after a Bavarian alpine village, its downtown is lined with gingerbread-trimmed facades, flower boxes, and themed shops, giving the town the unmistakable feel of a slice of southern Germany transplanted to the Pacific Northwest. The community is best known as a year-round destination for outdoor recreation and seasonal festivals, and it serves as a gateway to some of Washington's most scenic alpine terrain. It sits about 120 miles east of Seattle and roughly 30 miles west of Wenatchee along the US-2 and Icicle Creek corridors.

The Bavarian-themed Front Street district is the heart of the experience, where restaurants serve schnitzel and bratwurst, bakeries sell German pastries, and shops stock cuckoo clocks and alpine-inspired crafts. The streetscape doubles as a stage for the town's signature events, including the autumn Oktoberfest celebration, the Maifest spring festival, and the famous Christmas Lighting Festival, when the entire village glows with more than half a million lights and draws visitors from across the region.

Just a few minutes west of town, Tumwater Canyon follows the Wenatchee River along Highway 2, offering dramatic granite cliffs, river access, and several short hiking trails and campgrounds. The canyon is one of the most scenic stretches of road in the state and leads travelers toward Stevens Pass, a popular ski area roughly 30 miles to the west that draws winter visitors for downhill skiing, snowboarding, and cross-country trails.

About 15 miles northwest of Leavenworth, Lake Wenatchee State Park anchors a broad, glacier-fed lake ringed by forest and mountains. The park offers swimming beaches, a boat launch, miles of hiking and biking trails, and campgrounds, providing a quieter, lake-based alternative to the busier alpine attractions farther up the road and a favorite summer retreat for families visiting the area.

For serious hikers and backpackers, the Enchantments wilderness area rises above the Icicle Creek drainage just south of town. Known for its turquoise alpine lakes, jagged granite spires, and snowfields that linger into summer, the area is widely considered one of the most beautiful backcountry destinations in the Cascades, though its permit system rewards those who plan well in advance.

For owners and investors, Leavenworth offers a rare combination of small-town charm, strong year-round demand, and a built-in identity that markets itself. The Bavarian theme, festival calendar, and proximity to alpine skiing, river rafting, lake recreation, and high-country adventure give the town broad appeal in every season, supporting healthy occupancy for short-term rentals and consistent interest from visitors seeking an immersive mountain getaway.

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