Aditya Kasturi | Realogics Sotheby's International Realty

Belfair STR market overview

Most buyers start with the peak month. The better question is whether Belfair still works after reserves, rules, and setup friction. Hood Canal leisure traffic supports shoulder-season demand.

Belfair short-term rental market reference stay

$50.4K

Peak month in Aug 2024

4 bedroom

Top bedroom bucket in the file

5.7x

Peak-to-trough swing

Hood Canal

What this market is really saying

The market is easier than resort towns, but permit assumptions still need a local check. Well, septic, and cleaner ops underwriting matter more than glossy lodging comps.

Sample stays shaping this market

Start with these facts

Peak demand window

The strongest month in the file was Aug 2024 at $50,371 across the tracked bedroom buckets.

Low-season reality

The weakest month fell to $8,849. Buyers need reserves that respect the quiet stretch, not only the summer spike.

Risk moat

Rural utility diligence. Seasonality still matters. Permit file should be checked early.

The market thesis

Belfair can fit a lower-entry buyer who wants water access demand without resort pricing.

The risk screen

The market is easier than resort towns, but permit assumptions still need a local check. Well, septic, and cleaner ops underwriting matter more than glossy lodging comps.

The next page to read

Move to the revenue page if you want the bedroom mix. Move to the diligence page if you want the rule and permit questions before an offer.

Educational only. Revenue files show historical Airbnb revenue patterns, not future performance. Tax outcomes, permit status, occupancy, and depreciation treatment must be confirmed with your CPA and local counsel before you buy.

Questions about Belfair

Is Belfair a steady market?

It can work, but the revenue file still swings by season. That is why we underwrite reserves, response coverage, and permit risk before a buyer leans on the peak month.

Can this offset W-Two income?

Sometimes. The asset, your participation, setup timing, and CPA position all matter. This page is educational. Your CPA confirms the filing result.

What breaks these deals most often?

Rural utility diligence

Want the market math lined up with your tax year?

We compare market, cash, timing, and CPA questions before you buy.

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Last updated: July 28, 2026

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