Mountain West5.8% avg cap rate

Jackson Hole, WY

Wyoming ski and wildlife market - no state income tax

Jackson Hole combines world-class skiing at Jackson Hole Mountain Resort with Grand Teton and Yellowstone proximity to create one of the most compelling four-season STR markets in the country. Wyoming has no state income tax, making after-tax STR returns unusually attractive. Teton County enforces a strict STR permit process with a cap on licenses - supply is tightly controlled.

5.8%
Avg Cap Rate
Net operating income / price
62%
Avg Occupancy
Annual average
$895
Avg Nightly Rate
All property types
$2.1M
Avg List Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
62% occ × $895/night
$202,539
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $81,016
Est. net operating income
Before mortgage & depreciation
$121,523
At $2.1M avg price
Implied cap rate
5.8%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Jackson Hole

No Wyoming state income tax on rental income
Grand Teton and Yellowstone drive massive summer demand
Jackson Hole Mountain Resort - top-rated US ski resort
Teton County permit required - license cap limits supply
Peak season: Dec - Mar (ski), June - Sept (national parks)
Top property types: Cabin, Single Family, Condo, Luxury Lodge
Primary zip: 83001, 83002, 83025

Jackson Hole STR investing, answered

Is Jackson Hole, WY a good short-term rental market?

Jackson Hole is a Mountain West STR market averaging a 5.8% cap rate, 62% annual occupancy, and $895/night across STR-viable listings. Jackson Hole combines world-class skiing at Jackson Hole Mountain Resort with Grand Teton and Yellowstone proximity to create one of the most compelling four-season STR markets in the country. Wyoming has no state income tax, making after-tax STR returns unusually attractive. Teton County enforces a strict STR permit process with a cap on licenses - supply is tightly controlled.

What is the average Airbnb occupancy rate in Jackson Hole?

STR-viable properties in Jackson Hole average about 62% occupancy across the year. Peak season is Dec - Mar (ski), June - Sept (national parks). Occupancy here reflects availability-adjusted booking performance, not raw calendar occupancy, so it represents what a full-time operated rental can realistically achieve.

How much do short-term rentals earn in Jackson Hole?

At $895/night and 62% occupancy, a typical Jackson Hole STR grosses roughly $202,539 per year before expenses, leaving an estimated $121,523 in net operating income against a $2.1M average price, an implied 5.8% cap rate. Individual results depend on property, amenities, and management.

What types of properties work best for STR in Jackson Hole?

The strongest-performing STR property types in Jackson Hole are Cabin, Single Family, Condo, Luxury Lodge. No Wyoming state income tax on rental income. Matching the local guest profile and the amenities that drive bookings in this market matters more than raw square footage.

What is the median STR-viable home price in Jackson Hole?

STR-viable listings in Jackson Hole average around $2.1M. Primary STR ZIP codes include 83001, 83002, 83025. Combined with the market's 5.8% average cap rate, that price level sets the return baseline you'd underwrite against.

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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