Leavenworth, WA

Close to Seattle and offering year-round rental demand, this four-season destination is an affordable market for buying an investment property you’re sure to fall in love with.

Overview

Nestled in Washington State’s scenic North Central Cascades just two hours from Seattle, Leavenworth features Bavarian architecture and laid-back style. Visitors flock to this destination for events such as Oktoberfest and holiday tree-lighting celebrations, as well as for outdoor activities such as swimming in alpine lakes, paddling whitewater, climbing celebrated granite, and hiking renowned trails (including Backpacker Magazine’s “Best Hike in The World”). Leavenworth real estate ranges from rustic to opulent cabins, with condos and plenty of shopping and grocery options available in town.


Insider tip

High-end Leavenworth homes range from $800,000 to over $1 million. Proximity to town or the Wenatchee River drive up home costs (and rental revenue), but doesn’t necessarily impact demand, which is steady across the region. To maximize ROI, consider buying close to nearby Plain or Lake Wenatchee, where you can get a more affordable home with great rental potential and fewer short-term rental restrictions. In Leavenworth, occupancy and amenities dictate rental revenue. It’s better to have five small bedrooms than three big ones, and adding a hot tub can increase your rental revenue up to 25 percent.

Learn more and compare Leavenworth with other top markets in our insider's guide to the best places to buy a vacation rental.

Market size

500+ rental units

Median annual rental revenue

$34,940

Median home price

$380,400

Cap rate

5.6%

*This document is for information and illustrative purposes only. It is not intended to provide “investment advice” or a “recommendation” regarding a course of action. The discussion is general in nature and has not taken into account your personal financial position or objectives. You should consult a licensed financial advisor or other professional to discuss your specific situation.

Estimated rental income figures and home sale prices are based on historical averages; for any specific property, the actual revenue, purchase price, and cap rate may differ materially from estimated amounts and depend on a wide range of factors outside Vacasa's knowledge or control, such as the property's condition, layout, and furnishings; expenses associated with the acquisition and ownership of the property (such as property taxes, utility fees, HOA fees, insurance fees, and mortgage-related expenses); rental calendar availability; existing and future regulations; current and future economic, social, and political trends and conditions; and weather and environmental factors. These estimates do not take into account the potential impact of state income taxes.

Vacasa makes no representations or warranties, express or implied, about the accuracy of this document. Furthermore, Vacasa has no obligation to update, modify or amend this document or to otherwise notify users in the event that any opinion, assumption, forecast or estimate set forth herein changes or subsequently becomes inaccurate. Therefore, you should not place undue reliance on statements in this document.

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