Airbnb & VRBO Performance in Lacey Washington.

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Lacey, Washington: Airbnb & VRBO Vacation Rental Market Overview

In Lacey, Washington, the short-term rental market is thriving, offering a wide range of flexible and convenient options with furnished units, competitive pricing between $1,487 and $2,238 per month, and various lease durations to cater to different needs.

Market overview

Thriving Short-Term Rental Market in Lacey, Washington

Lacey, Washington, is experiencing a robust short-term rental market, offering a range of flexible and convenient housing options. As of November 2024, the city boasts a diverse array of short-term rentals, including furnished apartments and houses, many of which come with amenities such as in-unit laundry, kitchens, and outdoor spaces. The average daily rates for these rentals vary, with prices starting from around $70 per night for a cozy studio to $498 per night for a luxurious lakeside home.

Despite the variability in lease lengths, from nightly to six-month rentals, the market remains vibrant, catering to both short-term travelers and those with longer-term needs. The availability of 190 short-term rentals, as reported, indicates a healthy supply to meet demand, making Lacey an attractive destination for those seeking temporary housing solutions. This dynamic market ensures that visitors and temporary residents can find comfortable and well-equipped accommodations to suit their needs.

Short Term Regulations

Short-Term Rental Regulations in Lacey, Washington for 2024

While the specific regulations for Lacey, Washington, may not be as detailed as those in other jurisdictions, here are some key points and general guidelines that can be inferred from the available information:

State-Level Regulations

Since Lacey, Washington, would be subject to state laws, here are some relevant regulations from the state level:

  • Definition of Short-Term Rental: A short-term rental is defined as a lodging use for fewer than thirty consecutive nights, excluding hotels, motels, and bed and breakfasts.
  • Tax Compliance: Short-term rental operators must remit all applicable local, state, and federal taxes unless the platform does this on their behalf.
  • Consumer Safety:
  • Provide contact information to guests during their stay.
  • Ensure compliance with state building code council rules regarding carbon monoxide alarms.
  • Post essential information such as the rental address, emergency contact details, floor plan indicating fire exits, maximum occupancy limits, and operator contact information.

Local Regulations in Lacey

While specific local regulations for Lacey are not extensively detailed in the sources, here are some points that can be considered:

  • Regulatory Environment: The short-term rental regulation in Lacey is described as "lenient" with few listings displaying license numbers, suggesting a lack of strict enforcement.
  • No Specific Local Ordinances: There are no detailed local ordinances mentioned specifically for Lacey, but operators should be aware of general state regulations and any potential future changes.

General Compliance

  • Registration and Licensing: Although not explicitly stated for Lacey, it is common for short-term rental operators to need some form of registration or licensing. Operators should check if any local requirements exist.
  • Insurance and Liability: Operators should be aware that their personal insurance might not cover short-term rental activities, and they may need additional liability insurance.

Future Developments

  • Middle Housing Plans: While not directly related to short-term rentals, the city's plans for middle housing and updates to zoning regulations could potentially impact the broader housing market and, by extension, short-term rental opportunities.

Given the lack of specific local ordinances for Lacey, operators should primarily adhere to state-level regulations and stay informed about any future local changes.

Neighborhood Performance

Top Airbnb Revenue-Generating Neighborhoods in Lacey, Washington

While specific neighborhood-level data for Lacey, Washington, is not readily available in the provided sources, we can infer some insights based on the broader context of the area and nearby locations. Here are some areas around Lacey that could be attractive for Airbnb investments and why they might appeal to guests:

Lacey City Center

  • Appeal: Proximity to local amenities, restaurants, and shops. Lacey is strategically located near Olympia, the state capital, making it a convenient base for both business and leisure travelers.
  • Revenue Potential: Given its central location, properties here could command higher rates due to the convenience and accessibility to local attractions and services.

Neighborhoods Near Pattison Lake

  • Appeal: Natural beauty and recreational opportunities. Pattison Lake is a popular spot for outdoor activities such as fishing and boating, making it attractive for guests seeking a nature-filled getaway.
  • Revenue Potential: Properties with lake views or easy access to the lake could generate higher revenue due to their scenic appeal and recreational opportunities.

Areas Close to Tumwater Falls

  • Appeal: Scenic beauty and historical significance. Tumwater Falls is a local landmark and a popular tourist spot, offering a mix of natural beauty and historical interest.
  • Revenue Potential: Properties near this attraction could benefit from the steady stream of visitors, especially those looking for unique and scenic stays.

Suburban Areas with Easy Access to Olympia and Tacoma

  • Appeal: Balance of suburban tranquility and urban accessibility. Guests can enjoy the peace of a suburban setting while still being within a reasonable drive to larger cities like Olympia and Tacoma.
  • Revenue Potential: These areas can attract families and travelers seeking a more relaxed atmosphere without being too far from urban amenities, potentially leading to consistent and lucrative bookings.

Unique and Luxury Stays

  • Appeal: Unique amenities and luxurious settings. Properties like the "Cedar Suite" or "The Black Door" in nearby Tumwater, which offer luxury features and unique experiences, can attract high-paying guests looking for something special.
  • Revenue Potential: These unique and luxury stays can command higher nightly rates, contributing significantly to the overall revenue.

While Lacey itself may not have detailed neighborhood-specific data, these areas around and within Lacey offer a mix of natural beauty, convenience, and unique experiences that can make them appealing for Airbnb guests and potentially lucrative for hosts.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Lacey, Washington

1. Define Your Property's Aesthetic

Align your furniture and decor with the local style and market of Lacey, Washington. Consider the natural beauty and outdoor activities the area is known for, and reflect this in your choice of materials, colors, and themes.

2. Choose Functional and Comfortable Furniture

Opt for furniture that is both comfortable and functional. For example, consider sofa beds to increase guest capacity, and choose beds with storage for extra space. Ensure mattresses are at least 8 inches thick and consider memory foam for durability.

3. Select Easy-to-Clean Furniture

Prioritize furniture that is easy to clean and maintain. Use materials like leather for upholstered items, and apply ScotchGuard to fabrics. Wooden furniture, especially for items like chairs and headboards, can be more practical and easier to clean.

4. Optimize Space with Smart Storage

Use furniture with built-in storage, such as beds with drawers, wall hooks, and stackable containers. This helps keep the space tidy and provides guests with designated areas for their belongings.

5. Ensure Safety and Accessibility

Mount TVs and large mirrors securely to the wall to prevent accidents. Consider making your Airbnb accessible to guests with disabilities by incorporating features like ramps, wide doorways, and grab bars in bathrooms.

6. Use Mirrors to Enhance Space

Mirrors can make rooms feel bigger and brighter. Use mirrored doors or panels to visually expand the space and combine different lighting types to enhance the ambiance without cluttering surfaces.

7. Maintain a Minimalist Approach

Keep the space clutter-free by choosing multi-use furniture and decluttering regularly. Focus on essential items and add storage as needed to keep the space open and inviting.

8. Add Local Personality with Decor

Incorporate local elements into your decor, such as wall art that reflects the location or theme of your Airbnb. Use rugs to add warmth and comfort, and consider adding real or artificial plants to liven up the space.

9. Measure and Plan Your Layout

Measure your rooms carefully and plan the layout to ensure there is plenty of space to move around. Avoid blocking natural light sources and arrange furniture to create a spacious and functional feel.

10. Consider the Outdoor Areas

Optimize your outdoor spaces to reflect the natural beauty of Lacey. Ensure these areas are well-maintained and inviting, as they can be a significant selling point for guests.

By following these tips, you can create an inviting and functional Airbnb space that reflects the unique style and charm of Lacey, Washington.

Insider Tips

Discover Lacey, Washington: Local Attractions and Insider Tips

Outdoor Attractions

  • Billy Frank Jr. Nisqually National Wildlife Refuge:
  • A must-visit for nature lovers and bird watchers. Explore the vast wetlands and observe a variety of wildlife.

  • Rainier Vista Community Park:

  • Offers stunning views of Mt. Rainier and features walking trails, picnic areas, and a playground.

  • Lacey Parks and Trails:

  • With over 1,200 acres of parkland, Lacey boasts numerous parks, walking and biking trails, and waterfront areas. Highlights include Woodland Creek Community Park, Wonderwood Park, and Long Lake Park.

  • Thurston Bountiful Byway:

  • A 60-mile journey through Thurston County, featuring local eats, sips, and scenic stops. Perfect for a day trip or food and wine tour.

Local Culture and History

  • Lacey Depot Park:
  • Visit the replica of the original train station, which includes a train-themed play structure, historic markers, and indoor picnic tables. Part of the Lacey Depot District, which is set to expand with a larger museum and cultural center.

  • Lacey Museum:

  • Currently located in a historic home, this museum is known for its Bigfoot exhibit and local genealogical research resources. Plans are underway to move to a larger space at the Depot.

  • Producer’s District:

  • Explore local breweries, wineries, and distilleries. This district is a testament to Lacey’s rich history in the beer industry, dating back to the first brewery in Washington state.

Family-Friendly Activities

  • Laser Fun Zone:
  • An entertainment center offering laser tag and an arcade, perfect for a fun night out with family or friends.

  • Regional Athletic Complex (RAC):

  • Catch local sports events or participate in athletic activities at this premier regional athletic complex.

Dining and Nightlife

  • Depot District Food Truck Space:
  • A popular spot with a variety of food trucks, offering a diverse range of cuisines.

  • Top Rung Brewing:

  • One of the local favorites for craft beer and a lively atmosphere.

Insider Tips

  • Visit the Lacey Visitors Center:
  • Located at 3925 8th Ave SE Ste C, the center is open Monday through Friday from 9 a.m. to 5 p.m. and provides valuable information on local events, trails, lodging, dining, and attractions.

  • Explore Local Lakes:

  • Enjoy fishing, boating, or simply taking in the views at Hicks Lake, Long Lake, or Pattison Lake.

  • Use Active Transportation:

  • Lacey offers walking trails, bike paths, and public transportation options. Use the Thurston County Bicycle and Active Transportation Map to plan your routes.

  • Attend Local Events:

  • Check out community events at the Food Truck Depot, sports at the RAC, or cultural events at the Lacey Depot District.

By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Lacey, Washington.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Lacey, Washington

To ensure a smooth and satisfying experience for both you and your guests, several key strategies can be implemented when running a short-term rental business in Lacey, Washington.

Noise Regulations and Quiet Hours

Inform your guests about noise regulations and quiet hours to maintain a peaceful environment for both the guests and the neighbors. Include this information in your digital and physical house manual to avoid any misunderstandings.

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 should be easily accessible and cover all aspects of the property to reduce the number of guest inquiries.

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 use the smart locks and ensure that all necessary access codes are communicated in advance.

Parking Instructions

Include detailed parking instructions in your house manual, accompanied by photos to help guests identify the designated parking areas. This can prevent confusion and potential parking issues, ensuring a hassle-free stay for your guests.

By implementing these practical tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Lacey, Washington.

Local Vendors

Here is a brief list of house cleaning providers in Lacey, Washington:

House Cleaning Services in Lacey, WA

American Maid Service of Olympia

  • Offers premium, pet-friendly house cleaning services
  • Three comprehensive cleaning packages (3-star, 4-star, 5-star)
  • Fully vetted and trained professionals
  • Use pet-friendly, non-toxic products
  • Customizable plans and flexible cleaning frequencies
  • Contact Information

You've Got Maids of Olympia

  • Serves Olympia, Lacey, Tumwater, and Dupont
  • 52-Point Deep Clean™ and regular cleaning services
  • Uniformed maids, company maid-mobiles, and 100% satisfaction guarantee
  • Customizable cleaning plans and no contracts
  • Contact Information

Miracle Workers Cleaning Services

  • Locally owned, serving Thurston County and surrounding areas
  • Offers deep cleaning, carpet extraction, upholstery cleaning, and move-in/out services
  • Flexible scheduling (weekly, bi-weekly, monthly)
  • Supplies all cleaning products and equipment
  • Contact Information

Merry Maids of Olympia

  • Provides comprehensive cleaning services with 40 years of experience
  • Customizable plans to fit individual needs
  • Committed to delivering exceptional results
  • Contact Information

Various Independent Cleaners

  • Listed on Care.com, offering affordable house cleaning services starting at $19.07/hr
  • Multiple cleaners available, each with their own experience and rates
  • Contact Information
Management fees

Short-Term Rental Management Fees in Lacey, Washington: A Range of 10%-30% of Rental Revenue

In Lacey, Washington, the fees for short-term rental management 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 costing between 20% to 30% of the rental income.

For more basic services, the fees can be lower, around 10% of the monthly rental cost. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design, which can add to the overall cost. Understanding these fee structures is crucial for property owners to make informed decisions about the management of their short-term rentals.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Lacey should generate as a short term rental and look at the performance of properties around yours.

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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Lacey.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for Washington