Rent Your Vacation Home or Condo in Olympia, Washington

Positive vacation rental trends in Olympia, Washington when you considering renting out your Olympia home as a short-term rental include: One of the most positive vacation rental trends in Olympia is the steady increase in people renting out their homes for vacation. Between 2012 and 2016, there was an increase of more than 27% in Airbnb listings alone. This trend is driven in part by the new, affordable options for lodging. However, the rising cost of housing and skyrocketing rent prices are also contributing to this trend. With so many people choosing to stay in hotels or Airbnb over longer periods of time, it’s important to keep your home clean and well-maintained. It’s also important that you check in with your guests if they need anything.

When partnering with RedAwning for your property management needs, we can make sure your Olympia rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Olympia

During the month of October, Olympia is projected to generate over $173/night for a 2 bedroom vacation rental, on average! There were 327 vacation active rental properties in Olympia.  262 are renting the entire place, and 65 are shared rooms.  On average, during the month of October 2022, each vacation rental property in Olympia is booked 94% of the time, and most hosts are projected to generate $3,239 or more during the month of October! See how much you could earn with our free vacation rental income calculator.
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$173.00 Per Night*

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93% Occupied*

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$3,239.00 Per Month*

* Based on the median average of all vacation rentals in the Olympia area.
Get a free estimate for your home or condo.

Vacation Rentals in Olympia are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Olympia, Washington

Positive vacation rental trends in Olympia, WA when you considering renting out your Olympia home as a short-term rental include: There are many positive aspects to short-term vacation rentals in Olympia. Most people are looking for affordable housing and easy access to the outdoors. The city is also a popular tourist destination and many visitors want to be within walking distance of restaurants and shops. As a result, there is a demand for short-term accommodation from both locals and tourists. If you have an extra room or suite to rent out, you can earn some extra money by renting it out on Airbnb or VRBO. You can also earn money by renting out your property if you have a backyard pool or deck available to rent. There are many fantastic vacation rental properties in Olympia that could be perfect for your next vacation rental.

The growing popularity of Airbnb and other short-term vacation rental services has made it easier than ever to rent out your property in Olympia, Washington. With these services, you can earn extra money by renting out your home to travelers who are looking for somewhere to stay while they are on vacation in the area. There are a number of things you need to consider before making the decision to rent out your home through an online service like Airbnb. First, make sure that the home is well maintained and in good condition before you list it for rent. Second, make sure that there is enough space for guests to stay comfortably. Third, make sure that you have all of the necessary permits in place before you begin accepting reservations through Airbnb.

RedAwning takes the guess-work out of Olympia property management, and we work with you to ensure your Olympia short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Olympia vacation rental could earn:

Revenue Projections for Vacation Rentals in Olympia, Washington during November, 2022

Based on a 2 bedroom, which is the most common Olympia vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in November. Higher bars below can command higher prices, if your Olympia vacation rental is available during these days.
 
$19684%1st
 
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$17783%27th
 
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$18179%30th
 

Average Daily Price & Percent Occupied Next Month In Olympia

Note: These averages are based on a 2 bedroom home in Olympia. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Olympia, Washington?

If you are a speculative home buyer or have another home in Washington, check out our other Washington Vacation Rental Management reports in ChelanThe GorgeQuincyCashmereLeavenworthBlaineSeattleSpokaneNorth BendWestportGlacierMaple FallsWhite SalmonLyleDemingRentonSedro WoolleyDes MoinesCarsonBingenGreenbankKentOrtingStevensonEnumclawTacoma,  and Coupeville, Washington or view all of our vacation rental market reports

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