In Cashmere, Washington, short-term rentals are performing well, with an average occupancy rate of 45%, a daily rate of $229, and a monthly revenue of $22,740, indicating a robust and lucrative market for vacation rentals.
Strong Recovery in Cashmere, Washington's Short-Term Rental Market
Despite earlier challenges, the short-term rental market in Cashmere, Washington is showing promising signs of recovery. As of the latest data, short-term rentals in the area are averaging a respectable 45% occupancy rate, indicating a steady demand for these properties. The average daily rate has been stable at $229, contributing to a healthy monthly revenue of $22,740. This uptick in performance, especially heading into the late fall season, suggests that the gap between supply and demand is narrowing, and property managers can look forward to increased revenues and stabilized occupancy rates.
Short-Term Rental Regulations in Cashmere, Washington for 2024
General Regulations
- Permit Requirement: Short-term rentals (STRs) in Chelan County, which includes Cashmere, must be permitted. However, new permits are not being issued in the Leavenworth, Lake Wenatchee, and Plain areas due to cap limits.
Specific to Cashmere and Chelan County
- Application Window: Permit applications for new STRs in areas like Cashmere can be submitted between June 1 and July 31 each year.
- Permit Cap: The total number of STRs is capped at 6% of the current housing stock in most zones. As of 2023, areas like Leavenworth are at capacity, but permits are available in other parts of the county, including Cashmere.
- Permit Cost and Renewal: The permit costs $500 and must be renewed annually.
Operational Requirements
- Tiered System:
- Tier 1: Owner-occupied STRs with specific conditions (e.g., owner present, rented for no more than 15 days per year). Maximum occupancy is 8 persons.
- Tier 2: Non-owner-occupied STRs with a maximum occupancy of 12 people.
- Tier 3: STRs with a maximum occupancy of 16 people, subject to additional provisions.
- Occupancy Limits: Specific limits on daytime and overnight occupancy, with requirements for events exceeding these limits (Conditional Use Permit required).
Compliance and Enforcement
- Health and Safety Inspections: Regular inspections to ensure compliance with health and safety standards.
- Excise Tax Reporting: Requirement to report excise taxes (State UBI # required).
- Parking and Occupancy Limits: Adherence to specified parking and occupancy limits.
- Good Neighbor Guidelines: Compliance with guidelines for garbage collection, noise control, and pet management.
Transfer and Non-Conforming Status
- Permit Transfer: Permits can only be transferred once, and subsequent owners must obtain all required permits and meet applicable requirements.
- Non-Conforming Status: Non-conforming STR properties may only be changed or altered with permitted authorization from Community Development.
Additional Requirements
- State Insurance: Requirement for a $1,000,000 insurance policy.
- Enforcement Fees and Fines: Penalties for non-compliance, including potential revocation of the STR permit.
Top Airbnb Revenue-Generating Areas in Cashmere, Washington
While specific neighborhood data for Cashmere, Washington, is not extensively detailed in the sources, we can infer the appeal and revenue potential of the broader area based on the available information.
Cashmere and Surrounding Areas
Reasons for Appeal
- Natural Beauty: Cashmere is nestled in the scenic Wenatchee Valley, offering stunning natural views, proximity to outdoor recreational activities, and easy access to attractions like the Columbia River and nearby mountains.
- Proximity to Leavenworth: The area's close proximity to Leavenworth, a popular tourist destination known for its Bavarian-themed town and various outdoor activities, makes it an attractive option for guests looking for a mix of culture and nature.
- Variety of Accommodations: The region offers a diverse range of vacation rentals, from cozy cabins and farm stays to modern homes and apartments, catering to different guest preferences and budgets.
Revenue Potential
- Average Daily Rate: The average daily rate in the Cashmere area is around $229, with some properties commanding higher rates, especially those with unique amenities like hot tubs, private beaches, and scenic views.
- Occupancy Rate: The occupancy rate in the area is approximately 45%, indicating a steady demand for short-term rentals throughout the year.
- Annual Revenue: With an average monthly revenue of $22,740, the annual revenue potential for Airbnb hosts in this area is significant, especially for properties that maintain high occupancy rates and offer premium amenities.
Key Features and Amenities
- Outdoor Activities: Guests are drawn to the area for hiking, biking, cross-country skiing, and other outdoor activities, making properties with easy access to these amenities highly appealing.
- Luxury and Comfort: Properties with features like hot tubs, fully equipped kitchens, private gardens, and scenic views are highly rated and attract higher revenue.
- Proximity to Local Attractions: Being close to local attractions such as Rusty's Drive In, Country Boys BBQ, and Aplets & Cotlets Candy Kitchen & Country Store adds to the appeal of the area.
In summary, while specific neighborhoods within Cashmere are not detailed, the broader area's natural beauty, variety of accommodations, and proximity to popular tourist spots make it an attractive and revenue-generating location for Airbnb hosts.
Creating an Inviting Airbnb in Cashmere, Washington: Design and Furnishing Tips
Entryway
- First Impressions Matter: Ensure the entryway is welcoming and thoughtfully designed. Add elements like a stylish rug, a console table, and some greenery to make guests feel special.
- Lighting: Use warm and inviting lighting to set the tone for the rest of the space.
Living Room
- Comfortable Seating: Invest in comfortable, clean, and stylish furniture. Consider adding plush blankets, pillows with different fill options, and a pouf for extra seating.
- Lighting Control: Incorporate lamps and dimmer switches to provide flexible lighting options.
- Occasional Tables: Ensure there are enough surfaces for guests to place their drinks and other items.
- Cozy Nooks: Create cozy reading nooks with lamps and comfortable seating arrangements.
Kitchen
- Textured Elements: Add texture to the space with handmade or textured tiles for the backsplash, contrasting with smooth cabinets.
- Unique Hardware: Use unique brass hardware on cabinets to add dimension.
- Essential Amenities: Ensure the kitchen is fully equipped with necessities like coffee, teas, and basic kitchen items.
Bedroom
- Luxurious Bedding: Use high-quality, white bedding to give a clean and luxurious feel. Add extra bedding layers in the closet for guest convenience.
- Multiple Pillows: Provide two sleeping pillows per guest with different fill options.
- Temperature and Lighting Control: Install ceiling fans and offer bedside tables with lamps, including options with USB ports or wireless charging features.
- Blackout Shades: Use blackout shades to cater to different sleep preferences.
General Design Tips
- Balance of Textures: Mix different textures such as smooth, rough, and soft to create a more inviting space. Examples include pairing a linen pillow with a wool pillow or a handmade vase on a smooth metal tray.
- Soft Surfaces: Add rugs, soft chairs, and framed tapestries to warm up the space.
- Local Touches: Incorporate elements that reflect the natural beauty and unique style of Cashmere, such as rustic wood accents or nature-inspired decor.
Cleanliness and Maintenance
- Easy-to-Clean Surfaces: Choose surfaces that are easy to clean but avoid making the space feel cold or cheap. Balance mid-range and budget-friendly pieces to maintain quality and comfort.
- Organized Linens: Keep linens organized and easily accessible for cleaning teams to ensure efficient turnovers.
By following these tips, you can create an Airbnb in Cashmere, Washington, that is both inviting and reflective of the city's unique charm.
Discovering Cashmere, Washington: Local Attractions and Insider Tips
Local Attractions
Cashmere Museum & Pioneer Village
- Explore a world-class collection of local Native American artifacts, including pottery, artifacts, and primitive weapons.
- Visit the Pioneer Village, which features 20 original structures from the early settlement period.
Aplets & Cotlets Candy Kitchen Tours
- Take a tour of the famous candy kitchen and enjoy the extensive gift shop.
- Operating hours vary by season, but tours are available from April to December.
9/11 Spirit of America Memorial
- Pay respects at this memorial dedicated to the victims of the 9/11 attacks and learn about the events of that day.
Cottage Avenue Historic District Walking Tour
- Walk through the historic district and admire the restored craftsman-style bungalows.
- Self-guided tour brochures are available at the Chamber lobby and the Cashmere Museum.
Gnomes of Cashmere Self-Guided Tour
- Search for small doors built by The Gnomes of Cashmere using a free trail map available at the Chamber office.
Orchard Tours
- Experience the beauty and productivity of Cashmere's orchards, with options for cherry, peach, and apple picking.
- Grab a free culinary tourism driving map from the Cascade Foothills Farmland Association.
Cashmere Cider Mill and Local Wineries
- Enjoy cider and wine tastings at the Cashmere Cider Mill, Barns Etc. Hard Cider Shed, and Horan Estates Winery.
Outdoor Activities
- Whitewater Rafting and Kayaking: Enjoy challenging rapids on the Wenatchee River.
- Hiking and Climbing: Explore the Alpine Lakes Wilderness Area, Peshastin Pinnacles, and Devil's Gulch mountain bike trail.
- Fishing and Swimming: Take advantage of the Wenatchee River for various water activities.
Insider Tips
Best Time to Visit
- Cashmere is beautiful year-round, but each season offers unique experiences:
- Spring: Don’t miss the St. Patrick’s Day Parade.
- Summer: Enjoy the Wenatchee River Bluegrass Festival, Founders’ Day, and the Wenatchee River Festival.
- Fall: Participate in Apple Days, the Scare-Crazy Tour, and the Chelan County Fair.
- Winter: Check out the annual Christmas in Cashmere event.
Getting Around
- While public transport is available via Link Transit, having your own vehicle is highly recommended for flexibility.
- For private aircraft, use the Cashmere-Dryden Airport.
Dining and Shopping
- Downtown Cashmere offers delicious lunch options and fresh pastries.
- Explore antique shopping and browse the local shops along Cottage Avenue.
Special Events
- Apple Days: Celebrate the first full weekend of October with festivities at the Cashmere Museum & Pioneer Village.
By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Cashmere, Washington.
Practical Tips to Run a Successful Short-Term Rental Business in Cashmere, Washington
To ensure the success of a short-term rental business in Cashmere, Washington, several practical tips can be implemented. First, it is crucial to adhere to and inform guests about local noise regulations, including quiet hours, to maintain a harmonious relationship with neighbors. Creating both digital and physical house manuals with detailed instructions, Wi-Fi passwords, and other essential information can significantly enhance the guest experience and reduce inquiries.
A simplified check-in process can be achieved by utilizing smart locks, which eliminate the need for physical key exchanges and provide guests with immediate access upon arrival. Additionally, providing clear parking instructions accompanied by photos can help avoid confusion and ensure a smooth start to the guest's stay.
By focusing on these aspects, hosts can not only comply with local regulations but also offer a seamless, comfortable, and well-organized experience for their guests, leading to positive reviews and repeat bookings in the competitive Cashmere market.
Here is a brief list of house cleaning, repair, and maintenance providers in Cashmere, Washington:
House Cleaning Services
- All Seasons House Cleaning
- P&J's House Cleaning
- Merry Maids
- First Choice Housekeeping
- Sparkle
- Sparkling and Beyond
- Homeaglow
Specialty Cleaning and Maintenance
- A1 Xterior Maintenance: Offers specialty cleaning services for residential and commercial clients, and is licensed and insured
Note that the list may not be exhaustive, but it includes several prominent providers in the area.
Short-Term Rental Management Fees in Cashmere, Washington
In Cashmere, Washington, the fees for managing short-term rentals can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often around 20% to 25% of the rental income.
Basic service packages, which may only include essential management functions, can be less expensive. Additionally, hosts may incur extra fees for services like cleaning, repairs, and design enhancements. For instance, some management companies charge a separate cleaning fee, which they pass on to the guests, while also charging a consumables fee to cover items like linens, toiletries, and other essentials. Understanding these fee structures is crucial for property owners to manage their expenses and optimize their rental income.