Monroe, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

27 / 49

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$33,142

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$731,288

Median Home Sale Price

Top Earners

$57,833

Top-Earners Revenue

Monroe

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Monroe.

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C

Challenging to Investors

Monroe Regulations

The inability to extract the municipal regulations leaves key factors (legality, permitting fees, caps, and enforcement) unclear, creating an opaque environment that raises investor risk.

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About Monroe

Monroe sits in the western foothills of the Cascades in Snohomish County, Washington, with a population of roughly 19,000 residents. The city has a small-town feel, anchored by a walkable historic downtown and a strong agricultural and logging heritage, and it functions as a convenient gateway for travelers heading into the mountains east of Seattle. Seattle lies about 30 miles to the southwest, an easy drive of roughly 45 minutes via US-2 or SR-522, which makes Monroe accessible enough to capture urban visitors while still offering a quieter, more rural base.

The Evergreen State Fairgrounds is one of Monroe's signature draws, hosting the annual Evergreen State Fair each August along with year-round events, horse shows, and the adjacent Evergreen Speedway. The complex sits just minutes from downtown, and the late-summer fair weeks reliably fill nearby lodging. Visitors come for the carnival rides, livestock exhibits, demolition derbies, and live entertainment that have made the fair a regional tradition stretching back more than a century.

Just east of Monroe, Wallace Falls State Park is one of the area's most popular outdoor destinations, about a 15- to 20-minute drive from town. The park is known for a chain of three waterfalls along the Wallace River, accessible by a well-maintained trail system that climbs more than 1,300 feet through old-growth and second-growth forest. Hikers can choose from several route options ranging from a short stroll to the lower falls to a longer trek to the upper overlook, making the park attractive to both casual visitors and serious day hikers.

Monroe also works well as a base for exploring the broader Cascades, with Stevens Pass and the Alpine Lakes Wilderness both within roughly an hour's drive east along US-2. In winter, the highway funnels skiers, snowboarders, and snowshoers toward the resort, while in summer the same corridor leads to hiking trails, alpine lakes, and scenic byways such as the Mountain Loop Highway. Closer in, the Skykomish River, which runs along the north edge of town, draws whitewater rafters and floaters during the spring and early summer snowmelt, and the surrounding valley supports farms, fruit stands, and antique stores that round out the rural experience.

The combination of mountain access, a year-round events calendar, and proximity to the Seattle metropolitan area makes Monroe a flexible base for short-term rentals. Travelers can spend mornings hiking to waterfalls or skiing at Stevens Pass, afternoons browsing the small downtown and seasonal markets, and evenings back at a quiet property without the congestion of the larger cities, while still being close enough for an easy day trip into Seattle or Everett.

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