The short-term rental market in Everett, Washington is thriving, with an average daily rate of $153, a 54% occupancy rate, and a notable 8% increase in active listings over the past year.
Thriving Short-Term Rentals in Everett, Washington
Everett, Washington, is experiencing a robust performance in its short-term rental market. As of the latest data, short-term rentals in Everett are boasting an impressive 54% occupancy rate, indicating a strong demand for these accommodations. The average daily rate for these rentals stands at $153, contributing to a substantial monthly revenue of $9,605. This positive trend is further highlighted by a 3% increase in active listings and a 3% growth in average daily rates over the past year. These metrics underscore the attractiveness and viability of short-term rentals in Everett, making it an appealing destination for both travelers and investors.
Short-Term Rental Regulations in Everett, Washington for 2024
License and Operation Requirements
- City Business License: A city business license is mandatory to operate a short-term rental in Everett.
- Limit on Sites: No more than two short-term rental sites may be operated by any individual, marital group, a group of people, or a corporate entity within the city.
Location and Zoning
- Permitted Zones: Short-term rentals are allowed in any zone where dwelling units are permitted, including single-family, multi-family, commercial, historic business district, business park, and midtown district zones. However, they are not allowed in commercial spaces, although they may be permitted in housing units within commercial zones.
- Dwelling Units: Short-term rentals can be located in a dwelling unit or an accessory dwelling unit, subject to specific requirements.
Occupancy Limits
- Guest Limit: The total number of guests occupying a dwelling unit may not exceed eight on a site, including any site with an accessory dwelling unit.
Signage
- No Signs Allowed: No signs identifying the use as a short-term rental are permitted.
Owner/Operator Requirements
- Owner/Operator Presence: The operators of short-term rentals must live at the property for 12 months of the year. They can be actual owners or property managers and must be available 24/7.
Registration and Insurance
- Registration: Operators must register their short-term rental unit with the city clerk's office.
- Liability Insurance: Operators are required to provide liability insurance documentation.
Taxation
- Lodging Tax: Hosts must collect and pay a 3% lodging tax fee to the City of Everett.
Safety and Compliance
- Safety Standards: Hosts must abide by safety standards, such as maintaining operational smoke and carbon monoxide detectors.
- Enforcement: Non-compliance with these regulations can result in potential fines or penalties.
Top Neighborhoods for Airbnb Revenue in Everett, Washington
1. Downtown Everett
- Appeal: Downtown Everett is a hub of activity, offering easy access to shops, restaurants, and cultural attractions. Guests appreciate the vibrant atmosphere, proximity to the Everett Marina, and the convenience of being close to public transportation.
- Revenue: High demand due to its central location and amenities.
2. Bayside
- Appeal: Bayside is known for its waterfront properties and stunning views of Puget Sound. Guests are drawn to the scenic walks along the marina, the nearby Forest Park, and the tranquil atmosphere.
- Revenue: Waterfront rentals are highly sought after, commanding premium prices.
3. Holly
- Appeal: The Holly neighborhood is popular for its family-friendly environment, parks, and community events. Guests like the mix of residential and commercial areas, providing a balance of quiet living and convenient amenities.
- Revenue: Consistent demand from families and travelers seeking a homey atmosphere.
4. Port Gardner
- Appeal: This neighborhood is appealing due to its historic charm, waterfront access, and proximity to downtown Everett. Guests enjoy the scenic views, local eateries, and the vibrant arts scene.
- Revenue: Historic homes and waterfront properties attract higher-paying guests.
5. Cascade View
- Appeal: Cascade View offers a more suburban feel with easy access to outdoor activities like hiking and biking. Guests appreciate the views of the Cascade Mountains and the quieter, more residential atmosphere.
- Revenue: Families and nature lovers contribute to steady revenue, especially during peak travel seasons.
These neighborhoods are highly rated for their unique blend of amenities, location, and atmosphere, making them attractive to a wide range of guests and generating significant Airbnb revenue in Everett, Washington.
Furnishing and Design Tips for an Inviting Airbnb in Everett, Washington
Tip #1: Choose Timeless and Functional Furniture
- Opt for sturdy, easy-to-clean furniture that can withstand the wear and tear of frequent guests. Consider multi-functional pieces like sofa beds, folding tables, and ottomans with hidden storage to maximize space and functionality.
Tip #2: Reflect Local Aesthetics
- Incorporate elements that reflect the local culture and environment of Everett, such as coastal-inspired themes with natural tones and textures. Use reclaimed wood furniture and bright, airy aesthetics to align with the city's vibe.
Tip #3: Ensure Accessibility and Comfort
- Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms. Choose comfortable mattresses, such as memory foam, and ensure they are at least 8 inches thick.
Tip #4: Utilize Smart Storage Solutions
- Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized. Provide designated spots for guests' personal items, like luggage racks.
Tip #5: Enhance with Local Touches and Decor
- Incorporate local artwork, decorative items, and guidebooks with local recommendations to create a unique and welcoming atmosphere. Use rugs to add warmth and comfort, and consider adding real or artificial plants to liven up the space.
Tip #6: Optimize Lighting and Mirrors
- Combine different lighting types, such as wall sconces and adjustable floor lamps, to enhance the space without crowding surfaces. Use mirrors to make the rooms feel bigger and brighter.
Tip #7: Maintain a Neutral Color Palette
- Use a neutral color palette for walls and large furniture pieces to create a relaxed and uncluttered environment. This allows guests to feel at ease without being overwhelmed by bold colors.
Tip #8: Create Functional Spaces
- Ensure each area of your property has a clear purpose, such as a well-defined reading nook, dining area, or relaxation spot. This enhances the guest’s experience and makes the space feel more inviting.
Tip #9: Incorporate Modern Conveniences
- Consider adding smart home features like keyless entry, smart thermostats, or streaming devices for entertainment. These modern conveniences can be a significant selling point for tech-savvy travelers.
Tip #10: Focus on Cleanliness and Maintenance
- Choose furniture that is easy to clean and maintain. Schedule regular deep cleaning services to ensure high-traffic areas are immaculate, and inspect appliances and fixtures for any wear and tear.
Tip #11: Add Guest Amenities
- Stock up on essential items like toiletries, basic cooking ingredients, and a first aid kit. These little touches can significantly improve guest satisfaction.
Tip #12: Optimize Outdoor Areas
- If your Airbnb has outdoor spaces such as patios, balconies, or gardens, ensure they are well-maintained and inviting. These areas can be a major attraction, especially in a city with natural beauty like Everett.
Local Attractions and Insider Tips for Visitors to Everett, Washington
Top Attractions
Boeing Future of Flight
- Located in Mukilteo, 25 miles north of downtown Seattle.
- Features a 28,000-square-foot aviation and aerospace gallery, a 9,000-square-foot rooftop observation area called the “Sky Deck”, and the flagship Boeing Store.
- Advance ticket purchase highly recommended for the Boeing Factory Tour, which runs Thursdays through Mondays.
Flying Heritage Collection
- A collection of meticulously restored vintage aircraft and classic military machinery.
- Located at Paine Field and includes flying demonstrations.
- Tickets are affordable and the collection is housed in a 50,000+ square foot hangar.
Flying Squirrel Sports
- An urban playground with a huge trampoline court, high-tech mini golf, dodgeball, battle beams, climbing walls, and more.
- Includes a toddler soft play area, arcade, bar, and café.
Historic Flight Museum at Kilo-7
- Home to a collection of restored classic aircraft.
- Located at the southwest corner of Paine Field.
Imagine Children's Museum (ICM)
- Interactive exhibits and activities for children.
- A must-visit for families with kids.
Jetty Island
- A 2-mile long sandy beach and human-made island.
- Accessible by ferry in summer months; otherwise, requires a boat.
- Known for shallow, warm beaches and wildlife.
Schack Art Center
- Free admission 95% of the time.
- Features art exhibits, a store, glassblowing demonstrations, and classes.
Angel of the Winds Arena
- A 10,000-seat arena hosting hockey games, concerts, and other events.
- Home of the Everett Silvertips Hockey Club.
Game On NW
- Offers axe throwing, virtual reality, laser tag, table top golf, and more.
- A fun and safe place for family activities and birthday parties.
Evergreen Arboretum & Gardens
- Open seven days a week and free to visit.
- Features regular classes, demonstrations, docent-led tours, and an annual plant sale.
American Legion Memorial Park
- Includes modern playground equipment, pickleball and tennis courts, and a bluff hiking path.
- Home to the Evergreen Arboretum & Gardens.
Howarth Park
- Offers hiking trails, an off-leash dog park, tennis courts, and a panoramic viewing platform.
- Access to a small beach area via a concrete bridge over railroad tracks.
Insider Tips
Explore the Waterfront
- Use the Grand Avenue Bridge to enjoy waterfront activities and views.
Visit Local Markets
- The Everett Farmers Market on Sundays features local growers, processors, artisans, and live music. Note: Pets are not allowed in the shopping corridor.
Outdoor Adventures
- Everett is a prime location for exploring Mount Baker-Snoqualmie National Forest and Olympic National Forest. Consider day trips along Highway 2 towards Leavenworth and Stevens Pass.
Cultural Experiences
- Visit the Hibulb Cultural Center & Natural History Preserve to learn about the local Native American history and culture.
Festivals and Events
- Check the local event calendar for annual festivals, concerts, and sports events. Everett hosts several events throughout the year that are great for families and all interests.
Dining and Shopping
- Downtown Everett offers a variety of dining options and shopping experiences. Don’t miss the Funko headquarters with its larger-than-life Pop Vinyl collectibles.
By providing these recommendations, you can ensure your guests have a well-rounded and enjoyable experience in Everett, Washington.
Practical Tips to Run a Successful Short Term Rental Business in Everett, Washington
To ensure a smooth and successful short-term rental business in Everett, Washington, several practical tips can be implemented. Here are some key considerations:
Noise Regulations and Guest Communication
Inform your guests about quiet hours and noise regulations to maintain a harmonious environment for both the guests and the neighbors. Include this information in your digital and physical house manual to set clear expectations.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual helps guests navigate the property easily and reduces the likelihood of misunderstandings.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos and videos to guide them through the process.
Parking Instructions
Include detailed parking instructions in your house manual, complete with photos to help guests identify designated parking areas. This ensures that guests park correctly, avoiding potential issues with neighbors or local authorities.
By implementing these strategies, you can enhance the guest experience, reduce potential conflicts, and maintain compliance with local regulations, ultimately contributing to a successful and stress-free short-term rental business in Everett, Washington.
Here is a brief list of house cleaning providers in Everett, Washington:
House Cleaning Services in Everett, WA
Mrs. Clean
- Provides house cleaning and maid services since 1975.
- Offers customized, top-to-bottom cleaning on a one-time, weekly, bi-weekly, or monthly basis.
- No contracts required; cleaners are background-checked employees.
Cascade Maids
- Reliable house cleaning services with fully vetted and background-checked cleaners.
- Offers one-time, deep cleaning, and recurring services with no contracts.
- 200% satisfaction guarantee and convenient online booking.
The Maids of Everett
- Family-owned business providing house cleaning services since 1993.
- Uses a 22-Step Cleaning Process to ensure thorough and healthy cleaning.
- Specialized kitchen and bathroom cleaning services; no subcontractors.
Clean & Simple Cleaning
- Local women-owned business serving Everett and surrounding areas for 30 years.
- Licensed, bonded, and insured with rigorously trained and vetted cleaning technicians.
- Customizable and quality-guaranteed cleaning services.
Everett, Washington: Understanding Short-Term Rental Management Fees
In Everett, Washington, the fees for managing short-term rentals can vary significantly based on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, typically ranges from 20% to 30% of the rental revenue.
For more basic services, the fees can be lower, often around 10% to 15% of the monthly rental income. Additionally, property managers may charge extra for various services like cleaning, repairs, and design, as well as other miscellaneous fees such as advance setup fees, leasing fees, and eviction fees.
Understanding these fee structures is crucial for hosts to ensure they comply with local regulations and maximize their revenue while maintaining a smooth and efficient short-term rental operation.