Sequim, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

289 / 480

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$34,653

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$555,387

Median Home Sale Price

Top Earners

$63,123

Top-Earners Revenue

Sequim

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Sequim.

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C

Challenging to Investors

Sequim Regulations

STRs are legally allowed in most zones with no city permit or cap as of 2022, but ADUs are prohibited and enforcement is inconsistent (letters issued even in allowed zones), creating volatility and potential future regulation—compliance risk is moderate-to-high.

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About Sequim

Sequim, Washington, is a small city located on the Olympic Peninsula in Clallam County. Known for its temperate climate and scenic beauty, Sequim boasts a population of approximately 7,700 residents as of the most recent estimates. The city is situated roughly 65 miles west of Seattle, a major urban center, making it an appealing destination for those looking for a serene getaway without straying too far from metropolitan amenities.

Notable landmarks and attractions in Sequim enhance its appeal for short-term rentals. The Dungeness Spit, one of the world's longest natural sand spits, offers unique hiking opportunities and panoramic views of the Strait of Juan de Fuca (https://www.nps.gov/olym/planyourvisit/dungeness.htm)..) Additionally, the Olympic Discovery Trail provides extensive pathways for both cyclists and pedestrians, weaving through some of the region's most picturesque landscapes (https://www.olympicdiscoverytrail.org/)..)

For nature enthusiasts, the nearby Sequim Bay State Park and the Olympic National Park open up a plethora of outdoor activities, from kayaking to mountain trekking (https://www.parks.wa.gov/585/Sequim-Bay)..) Sequim's mild weather, often referred to as a "rain shadow" climate due to the shelter provided by the Olympic Mountains, makes it an attractive year-round destination.

In terms of culture and local flavor, the Sequim Lavender Festival draws visitors annually, celebrating the city's extensive lavender farms (https://www.lavenderlavenderfestival.com/)..) The area is also rich in Native American history and heritage, adding depth and cultural diversity to the visitor experience.

Overall, the combination of natural beauty, climate, and local attractions makes Sequim, WA, a compelling locale for short-term rental visitors looking to immerse themselves in both relaxation and adventure.

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