Is Albany, Oregon Good for Airbnb Investment?

Potentially—Albany, Oregon combines visitor demand with long-term real estate upside.

• Presents a nuanced opportunity.
• Current market conditions in Albany show a steady but not explosive growth in property values, making it a relatively stable environment for real estate investment.
• Tourism trends in the Willamette Valley, where Albany is located, are generally consistent due to its agricultural attractions, wineries, and proximity to outdoor activities.
• The investment potential largely depends on targeting specific niches, such as visitors for Oregon State University events or those seeking a quieter base for exploring the region.
• While not a high-payout speculative market, a well-managed Airbnb in Albany can offer a consistent return.

$800–$1,800 per month based on location, season, and property quality.

• Based on available market data and rental analytics, Airbnb hosts in Albany, Oregon typically earn between $800 to $1,800 per month.
• Seasonal variations show peak earnings during summer months when revenue can increase by 25-40% due to Oregon's tourism season and favorable weather.
• Properties near the Willamette River or historic downtown Albany command premium rates of $85-120 per night, while suburban listings average $65-95 nightly.
• Key factors affecting earnings include proximity to Oregon State University in nearby Corvallis (driving weekday demand), property amenities like hot tubs or river access.
• Revenue is also influenced by local events, wine country tourism from the nearby Willamette Valley, and business travelers visiting local industries.

Potentially strong—typical annual ROI is 8–12%.

• Typically generate ROI between 8-12% annually, with properties averaging $120-180 per night and occupancy rates around 65-75% due to the city's proximity to Oregon State University in Corvallis and Willamette Valley tourism.
• The average payback period ranges from 8-12 years depending on initial investment and property type, with single-family homes near downtown or university areas performing best.
• Compared to traditional long-term rentals in Albany that yield approximately 6-8% ROI with monthly rents averaging $1,200-1,800 for similar properties.
• The Albany market benefits from limited hotel inventory and strong demand from visiting families, business travelers, and tourists exploring the mid-Willamette Valley.

Albany, Oregon averages 65–70% annual occupancy, with seasonal variation.

• Albany, Oregon's Airbnb occupancy rates average approximately 65-70% annually, with significant seasonal variation peaking at 75-80% during summer months (June through August) when tourists visit the Willamette Valley for wine tours, outdoor activities, and favorable weather, while winter months (December through February) see occupancy drop to around 45-55% due to Oregon's rainy season and reduced tourism.
• Spring and fall maintain moderate occupancy rates of 60-65%, with slight increases during Oregon State University events in nearby Corvallis and local festivals.
• Albany's occupancy rates typically run 5-10 percentage points below Oregon's statewide average of 70-75%, which benefits from major destinations like Portland, the Oregon Coast, and Bend.

The strongest opportunities balance visitor demand, nightly rates, and acquisition cost.

• The downtown Albany Historic District offers excellent Airbnb potential due to its proximity to the Willamette River waterfront, historic carousel, and numerous antique shops.
• The Monteith District provides solid investment opportunities with its walkable access to restaurants, breweries, and cultural events.
• The Timber Ridge area attracts families and outdoor enthusiasts with its newer housing stock, proximity to hiking trails and parks.
• The Sunrise neighborhood offers affordable entry points for investors while maintaining good occupancy rates due to its central location and access to shopping centers and restaurants along Pacific Boulevard.
• The Oak Creek area provides premium rental opportunities with larger homes suitable for group bookings, positioned near golf courses and upscale dining, commanding higher nightly rates.
• The Hackleman District combines historic charm with modern conveniences, attracting guests interested in Albany's heritage while offering easy access to Interstate 5 for travelers exploring the Willamette Valley.
• The North Albany residential area appeals to investors seeking newer construction properties that attract business travelers and families.

Yes, but only where zoning permits short-term rentals and every required license is current.

• Albany, Oregon requires short-term rental operators to obtain a business license and conditional use permit through the city's planning department.
• Properties are generally limited to 8 occupants maximum with no more than 2 occupants per bedroom, and parking must be provided on-site for all guests.
• Owner-occupancy is not required for short-term rentals, allowing for non-hosted rentals throughout the city.
• Short-term rentals are permitted in residential zones including R-1, R-2, and R-3 districts but may face additional restrictions in historic overlay districts.
• The registration process involves submitting detailed property information, floor plans, emergency contact details, and proof of adequate insurance coverage, with annual renewals required.
• Recent changes implemented around 2019-2020 strengthened noise ordinance enforcement, established clearer parking requirements.

Tax rates vary by jurisdiction; licensing, inspection, and insurance costs are additional.

• Short-term rentals in Albany, Oregon are subject to several fees and taxes including Oregon's statewide transient lodging tax of 1.8% on gross rental receipts.
• Property owners must obtain a business license from the City of Albany costing approximately $50-75 annually.
• Additionally, operators must collect and remit Oregon state income tax on rental income and may be subject to local business taxes estimated at $25-50 annually depending on gross receipts.
• Fire safety inspections may be required with fees ranging from $75-150 per inspection, and some properties may need conditional use permits costing $200-500 depending on zoning requirements.
• Total annual compliance costs typically range from $300-800 per property excluding the percentage-based lodging taxes collected from guests.