Port Townsend, WA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Port Townsend short-term rental market based on reliable data.
Listings
81 / 184
Reliable / Active
Cap Rate
6%
Middle-Earners Gross Yield
Revenue
$35,606
Middle-Earners Revenue
Occupancy
65%
Middle-Earners Occupancy
Home Value
$630,702
Median Home Sale Price
Top Earners
$68,110
Top-Earners Revenue
Port Townsend
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Port Townsend.
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Challenging to Investors
Port Townsend Regulations
While explicitly allowed citywide and countywide, Port Townsend STR regulations are challenging for investors due to high permitting costs (city major CUP ~$3,410+), complex multi-step processes requiring inspections, primary residence requirements, on-site owner presence mandates, and Jefferson County's 4% housing stock cap with waitlist when reached. The annual compliance burden including renewals and inspections further increases operational complexity and investment risk.
Local STR Agent
STR specialist · Port Townsend, WA
About Port Townsend
Port Townsend is a city on the Quimper Peninsula in Jefferson County, Washington, United States. The population was 10,148 at the 2020 United States Census. It is the county seat and only incorporated city of Jefferson County.In addition to its natural scenery at the northeast tip of the Olympic Peninsula, the city is known for the many Victorian buildings remaining from its late 19th-century heyday, numerous annual cultural events, and as a maritime center for independent boatbuilders and related industries and crafts. The Port Townsend Historic District is a U.S. National Historic Landmark District. It is also significantly drier than the surrounding region due to being in the rainshadow of the Olympic Mountains, receiving only 19 inches or 480 millimeters of rain per year.