Seattle Airbnb Property Management

The median home value in Seattle is around $670k. Seattle home values have increased over 14.5%  since 2016, and Zillow predicts another rise of 7.3% by the middle of 2018. The median price listed for homes as of July 2017 in Seattle is $650k. The most important figure (for us real estate investors) is median long-term rent pricing, which is at $2,550 a month. With short-term rentals, you can expect a much higher rate than that (we can’t say exact numbers).

The foreclose rate in Seattle is very low, only .4 homes are foreclosed per 10k. The first step in that process is mortgage delinquency, but that is extremely low in Seattle, almost 0. The number of homeowners who are underwater on their mortgages is around .1%, which is very low. The local economy is also doing well, with a great deal of technical talent moving to that area. This will only increase pricing as time goes on, and provider higher demand for Airbnb rentals. As more people move to the city, the number of available rental properties decreases, which is great news for short-term rentals.

Why invest in Seattle Real Estate?

Seattle Long-Term Rents!

As you can see in the beautiful graph, the rents are still climbing, which is great for Landlords! With Airbnb’s pricing technology, your listing price will keep up with market rents and trends. The short term market can give much better monthly totals than this so what are you waiting for?

Seattle is full of great neighborhoods:

• Ballard

• Bellevue

• Belltown

• Capitol Hill

• Chinatown

• Columbia City

• Fremont

• Pioneer Square

• Queen Anne

• SoDo & Georgetown

Interested in visiting? Check out the visitor guides from Visit Seattle

We cater to business customers as well, not just vacation seekers. With our downtown properties, the business clientele enjoys easy access to meeting locations and facilities in general.

There are many reasons that you will want to visit or live in Seattle. It is an incredibly easy city to navigate on public transportation. Well paying jobs are plentiful. After work, this city has a very active nightlife and many great places to eat. There are plenty of attractions to visit in the city.

Public Transportation

Over 45.7 million people arrive or leave on 400,000 flights from Seatac Airport each year. While it is incredibly easy to rent a car at numerous locations around the city, limousines and taxi services are also plentiful. King County Metro Transit offers over 200 routes making it easy to get around the Puget Sound area. Amtrak offers service to the city from most of the West Coast and beyond. For over 50 years, visitors have been traveling between downtown Seattle and Westlake Center on the monorail.Ride the ferries allowing you to explore the neighboring islands at a very reasonable price.

Jobs

Seattle continues to have one of the hottest job markets in the United States. In fact, Forbes Magazine has named it the best city for jobs in the world. The hottest sector in Seattle as of 2017 is professional and business service jobs. Therefore, many of the jobs are very well paid. The war for technology talent in the Seattle area continues to be immensely strong. The minimum wage is rising rapidly to $15/hour.

Food

Regardless of what you want to eat, you can easily find that cuisine in Seattle. Many restaurants focus on using locally grown produce and meats in creative ways while others feature incredible seafood. Seattle is blessed with many wonderful neighborhoods to eat in like Capitol Hill with Little Uncle, Altura and Dino’s Tomato Pie offering great food on a reasonable budget. The International District and Columbia City neighborhoods offer a variety of cuisines from around the world while the South Lake Union neighborhood offers restaurants owned by some of the hottest names in the restaurant world.

Nightlife

Fifty years ago, no one heard of growing grapes for wine in the Seattle region, but that is no longer the case. Taste Washington is the largest single-region wine festival in the United States with over 235 wineries, 65 restaurants and 60 culinary exhibitors normally attending.

The Belltown neighborhood is a great place to get a drink with its Navy Strength offering its namesake rum, roasted tropical fruit and cognac. One of the best places to try local wines if you cannot make it to Taste Washington is The Dane in the Ballard neighborhood. If you are looking for a great night out with the kids and the dogs, head to Beer Star where they keep a constantly rotating selection of wines and beers on tap.

Attractions

Everyone is likely to find something to do in Seattle. Since 1907, visitors have been shopping for unique gifts and great food at Pikes Peak Market. Visiting the Space Needle provides a chance to experience Seattle’s culture first hand through its food court, science center, glass art display and theaters. See more than 100 wooden boats at the Center for Wooden Boats before visiting the Museum of History and Industry which is a great place to learn more about the area’s history. Seattle’s Art Museum located in the downtown area is a fascinating place to see a range of art including European masterpieces. A short distance away, Boeing’s factory makes a great place to tour.

There are many reasons to live or visit Seattle. The city is easily accessed by plane, train or ferry. Once you arrive, there are plenty of ways to get around including limousines, buses, the monorail and ferries. If you are looking for a city with large job growth and living wages, then make sure to consider Seattle. There are plenty of fun neighborhoods to explore when you are hungry along with bars featuring great nightlife. There are so many things to do in Seattle that you will want to stay in an Airbnb forever!