Richland, WA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

91 / 201

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$27,739

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$468,866

Median Home Sale Price

Top Earners

$49,476

Top-Earners Revenue

Richland

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Richland.

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B

Generally Investor friendly

Richland Regulations

STRs are explicitly permitted statewide and in Richland with a clear, predictable framework (RCW 64.37) and no obvious caps; however, investors face moderate local hurdles—business licensing, potential special-use/home-occupation permits, insurance and tax compliance—creating manageable but non-trivial permitting and operational costs.

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About Richland

Richland is a mid-sized city in southeastern Washington, located in Benton County and forming part of the Tri-Cities metropolitan area alongside Kennewick and Pasco. With a population of approximately 60,000, it has a clean, modern feel shaped largely by its origin as a planned community for workers at the Hanford Site during World War II. Today it serves as a quiet, family-friendly base on the Columbia River and a gateway to the Hanford Site, the surrounding wine country, and the broader outdoor recreation of the Mid-Columbia region. The nearest major city is Seattle, roughly 225 miles to the west, a drive of about three and a half to four hours, while Spokane sits about 150 miles to the northeast.

A short drive northwest of the city brings visitors to the Manhattan Project National Historical Park, which includes the B Reactor on the Hanford Site. As the world's first full-scale plutonium production reactor, B Reactor is a National Historic Landmark, and guided tours offer a tangible look at a pivotal chapter in twentieth-century history. The visitor center and reactor are roughly 30 to 45 minutes from downtown Richland, and reservations are typically required well in advance.

Just downriver in Pasco, about 20 minutes east of Richland, Sacajawea State Park sits at the confluence of the Snake and Columbia Rivers. The park is named for the Shoshone guide of the Lewis and Clark expedition and offers riverside camping, an interpretive center, a swimming area, and easy walking trails. It is a popular spot for picnicking, fishing, and learning about the Corps of Discovery's passage through the region.

Within Richland itself, the REACH Museum is an interpretive center devoted to the natural and cultural history of the Mid-Columbia, with exhibits on the Columbia River, the Hanford Site, and the area's Indigenous heritage. Its location along the riverfront in the city's Columbia Park district makes it an easy complement to a walk or bike ride along the water.

To the west of Richland, the broader Tri-Cities area has grown into a recognized wine destination, with the Red Mountain American Viticultural Area a short drive south and dozens of tasting rooms clustered around the neighboring towns. Combined with riverfront parks, the B Reactor tours, and the region's high desert skies, the area offers a mix of educational, culinary, and outdoor draws.

For short-term rental owners, Richland appeals to a varied visitor base: history-minded travelers booked for the Hanford tour, wine tourists exploring the Yakima and Red Mountain AVAs, families visiting the river parks, and contractors and academics connected to the Pacific Northwest National Laboratory. Its central position within the Tri-Cities, the regional airport nearby, and the relatively quiet year-round lodging market make it a practical and well-rounded base for exploring southeastern Washington.

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