Loon Lake, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

27 / 126

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$23,311

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$415,258

Median Home Sale Price

Top Earners

$51,826

Top-Earners Revenue

Loon Lake

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Loon Lake.

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A

Very Investor friendly

Loon Lake Regulations

STRs are allowed citywide (Loon Lake is unincorporated) with no local caps or permits; investors only need a simple Washington State business registration and platform‑handled sales tax, keeping compliance cost and complexity very low.

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About Loon Lake

Loon Lake is a small unincorporated community in Stevens County, in the northeastern corner of Washington state. With a population in the low hundreds, the community is centered on the lake of the same name, a roughly 350-acre body of water that gives the area its identity and its laid-back, recreation-oriented character. The community functions primarily as a quiet lakeside retreat and a base for visitors exploring the broader Inland Northwest, rather than as a destination in its own right. The nearest major city is Spokane, which lies approximately 55 miles to the southeast and supplies most of the region's air service, shopping, and cultural amenities.

The lake itself, Loon Lake, is the principal draw for visitors. In summer the warm waters draw swimmers, kayakers, and anglers pursuing kokanee and rainbow trout, while the surrounding lake homes and a few small resorts give the area a classic Northwoods feel, complete with bald eagles and, true to the name, the occasional common loon calling across the water at dusk. It is the kind of place that anchors a week of swimming, paddling, and slow mornings on the dock.

To the north and west, the community sits within easy reach of the Colville National Forest, a sprawling expanse of pine-covered ridges, rivers, and small mountain lakes that covers much of Stevens and neighboring counties. Visitors can drive roughly 30 to 60 minutes from Loon Lake to reach trailheads for hiking, fall hunting, snowmobiling in winter, and remote camping. The forest is one of the quieter national forests in the lower 48, which is part of its appeal for travelers who want a less-crowded alternative to the Cascades.

For a broader day out, the Spokane metro area offers a noticeably different pace, with Riverfront Park, the Northwest Museum of Arts and Culture, and a growing food and craft brewery scene. The drive from Loon Lake to downtown Spokane typically takes just over an hour via US-2, making it a feasible single-day excursion or arrival point for guests flying into Spokane International Airport.

Loon Lake works as a short-term-rental base for travelers who want a quiet, nature-forward stay with the security of a major city within easy reach. Its lakeside setting draws families and outdoor enthusiasts in summer, while hunters, snowmobilers, and leaf-peepers extend the shoulder seasons. For owners, that combination of small-community character, year-round outdoor appeal, and proximity to Spokane makes it a steady, low-key market rather than a flash-in-the-pan tourism hotspot.

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