Is Fort Laramie, Wyoming Good for Airbnb Investment?

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Fort Laramie, Wyoming market research

Fort Laramie, Wyoming Airbnb Investment Overview

$800–$2,200Typical monthly host earnings
8–12%Typical annual ROI
45–55%Average annual occupancy
VariesCombined taxes and local fees
Investment

Is Airbnb a Good Investment in Fort Laramie, Wyoming?

Potentially—Fort Laramie, Wyoming combines visitor demand with long-term real estate upside.

  • Presents a unique opportunity, primarily driven by its historical significance and natural attractions.
  • The town's primary draw, Fort Laramie National Historic Site, ensures a consistent, albeit seasonal, stream of heritage tourists and history enthusiasts.
  • Current market conditions in Fort Laramie are characterized by relatively stable property values compared to larger urban centers, making initial investment costs more accessible.
  • Tourism trends heavily lean towards cultural and historical exploration, with peak seasons aligning with warmer months when the fort and surrounding natural areas are most accessible.
  • Investment potential is moderate but steady, largely dependent on effectively marketing properties to history buffs, outdoor adventurers, and those seeking a quiet escape.
  • While the overall volume of tourists might be lower than in major destinations, the niche appeal of Fort Laramie allows for focused marketing and potentially consistent bookings during key periods.
Earnings

How Much Does an Average Airbnb Earn in Fort Laramie?

$800–$2,200 per month based on location, season, and property quality.

  • Based on available market data and regional analysis, average Airbnb earnings in Fort Laramie, Wyoming typically range from $800 to $2,200 per month.
  • Peak earnings occur during summer months (June through August) when monthly revenues can reach $2,500 to $3,200 for well-positioned properties.
  • Properties within walking distance of historical attractions or offering unique Western-themed experiences command premium rates of $85 to $150 per night during peak season.
  • Key factors affecting earnings include property size and amenities, with larger homes accommodating families and groups generating higher revenues, proximity to Interstate 25 and major attractions.
  • The limited supply of short-term rentals in this small community of approximately 230 residents creates opportunities for higher occupancy rates.
ROI Analysis

Airbnb Return on Investment in Fort Laramie

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

  • Typically generate ROI between 8-12% annually, with payback periods ranging from 8-12 years due to the town's small population of approximately 230 residents and limited tourist infrastructure.
  • The market is heavily seasonal, with peak performance during summer months when visitors explore nearby Fort Laramie National Historic Site and outdoor recreation areas.
  • Long-term rental investments in Fort Laramie generally outperform Airbnb properties with more stable 10-14% ROI and 7-10 year payback periods.
  • Property acquisition costs are relatively low at $80,000-150,000 for suitable investment properties, but the small market size, limited amenities.
Occupancy Rate

Average Airbnb Occupancy Rate in Fort Laramie

Fort Laramie, Wyoming averages 45–55% annual occupancy, with seasonal variation.

  • Fort Laramie, Wyoming experiences average Airbnb occupancy rates of approximately 45-55% annually, with significant seasonal variation driven by tourism patterns around Fort Laramie National Historic Site and regional outdoor activities.
  • Peak season occurs from June through August when occupancy rates climb to 70-80%, coinciding with summer tourism, historical reenactments.
  • Spring and fall months see moderate occupancy around 40-50%, while winter months drop to 25-35% due to harsh weather conditions and reduced tourist activity.
  • These rates are slightly below Wyoming's statewide average of 50-60% annually, as larger destinations like Jackson Hole and Yellowstone gateway communities drive higher state averages.
  • Fort Laramie's occupancy is primarily supported by history enthusiasts, road trippers following historic trails, and visitors to nearby attractions.
Best Neighborhoods

Best Neighborhoods for Airbnb in Fort Laramie

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

  • Fort Laramie, Wyoming offers limited but strategic Airbnb investment opportunities primarily centered around the historic Fort Laramie National Historic Site area.
  • The downtown historic district provides excellent investment potential with Victorian-era homes that appeal to history enthusiasts and offer walkability to local restaurants and shops.
  • Properties near the North Platte River corridor attract outdoor enthusiasts for fishing, kayaking, and wildlife viewing.
  • The residential area along Highway 160 offers affordable investment entry points with good access to both the fort and outdoor recreation areas.
  • The Goshen County fairgrounds vicinity provides seasonal opportunities during events and agricultural shows.
  • Properties in the rural outskirts toward Guernsey appeal to guests seeking authentic ranch experiences and stargazing opportunities.
  • The area near Register Cliff and Oregon Trail ruts attracts history buffs following pioneer trails, supporting niche market demand at $95-145 per night with strong summer and fall booking patterns.
Regulations

Short-term Rental Regulations in Fort Laramie

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

  • Short-term rental regulations in Fort Laramie, Wyoming are primarily governed by Goshen County ordinances and state regulations.
  • Property owners typically need to obtain a business license through Goshen County and comply with Wyoming's lodging tax requirements.
  • Occupancy limits generally follow International Building Code standards based on square footage and bedroom count, typically allowing 2 persons per bedroom plus 2 additional occupants.
  • Owner-occupancy requirements are minimal at the local level, though properties must meet basic safety and habitability standards including smoke detectors, carbon monoxide detectors.
  • Zoning restrictions vary by property location, with most residential areas allowing STRs as accessory uses, though agricultural and some residential zones may have limitations.
  • The registration process involves submitting applications to Goshen County Planning and Zoning, providing proof of insurance.
Fees and Taxes

Short-term Rental Fees and Taxes in Fort Laramie

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

  • Short-term rentals in Fort Laramie, Wyoming are subject to Wyoming's statewide lodging tax of 4% on gross receipts, with Goshen County potentially imposing an additional local lodging tax of up to 2%.
  • Property owners must register their short-term rental business with the Wyoming Department of Revenue and obtain a sales tax license.
  • The Town of Fort Laramie may require a business license costing between $25-100 annually, and properties may need to comply with local zoning permits ranging from $50-200.
  • Fire safety inspections, if required, typically cost $75-150 annually, while health department permits for rentals accommodating more than a certain number of guests may cost $100-300 per year.
  • Property owners must also remit standard Wyoming sales tax of 4% plus local sales taxes of approximately 1-2% on rental income.
Common questions

Fort Laramie, Wyoming Airbnb investment FAQs

How to start an Airbnb in Fort Laramie, Wyoming?

To start an Airbnb in Fort Laramie, Wyoming, begin by researching local regulations through Goshen County and the Town of Fort Laramie, as Wyoming generally has minimal statewide short term rental restrictions, though local municipalities may require business licenses or occupancy permits.

Launch checklist

  • Contact the Fort Laramie Town Clerk's office to determine if you need a business license, lodging permit, or special use permit, and check with Goshen County for any zoning restrictions or health department requirements.
  • Find a suitable property by searching local real estate listings through companies like Century 21 or local agents, focusing on properties near Fort Laramie National Historic Site which attracts tourists.
  • Furnish the property with essential amenities including comfortable beds, linens, towels, kitchen supplies, Wi Fi, and western/historical themed decor to appeal to tourists visiting the historic fort, budgeting approximately $5,000 to $15,000 for initial furnishing.
  • Create your Airbnb listing with high quality photos highlighting the property's proximity to the historic site and outdoor activities, set competitive rates around $75 to $125 per night based on local market research.
  • Manage the property by establishing cleaning protocols between guests, responding promptly to inquiries, coordinating key exchanges or installing smart locks, maintaining the property regularly.
What's the best way to identify good STR properties in Fort Laramie, Wyoming?

For identifying profitable STR properties in Fort Laramie, Wyoming, focus on locations within 2 to 3 miles of Fort Laramie National Historic Site and along Highway 26/160 corridors where tourists frequently travel between Scottsbluff and Casper.

What to prioritize

  • Target 2 to 4 bedroom properties built after 1980 with modern amenities, full kitchens, outdoor spaces, and reliable internet since many visitors are history enthusiasts and families on road trips who value comfort and connectivity.
  • Analyze pricing using AirDNA and Mashvisor to benchmark against similar properties in Torrington and Guernsey (typically $80 to 150/night).
  • Leverage tools like STR Helper for market analysis, connect with High Plains Realty Group and other local agents familiar with investment properties.
  • Consider properties near the North Platte River for fishing enthusiasts and ensure compliance with Goshen County short term rental regulations while targeting cap rates of 8 to 12% given the rural market dynamics.
How to get an Airbnb permit in Fort Laramie, Wyoming?

To obtain an Airbnb/STR permit in Fort Laramie, Wyoming, contact the Goshen County Planning and Zoning Department at 307 to 532 4051 or visit their office at 2125 East A Street in Torrington, as Fort Laramie falls under county jurisdiction in preference to having its own municipal permitting system.

Documents and approvals

  • Required documents typically include a completed short term rental application form, proof of property ownership or lease agreement, certificate of insurance with minimum $1 million liability coverage, floor plan showing maximum occupancy, septic system inspection if applicable.
  • The application fee is estimated at $150 to 250 with an annual renewal fee of approximately $100 to 150.
  • Submit your complete application package to the county planning office, schedule required inspections for septic, fire safety, and zoning compliance which typically take 2 to 3 weeks to complete, attend a public hearing if required (usually for new applications).
  • Specific Fort Laramie area requirements include adherence to rural zoning restrictions, adequate parking for guests, proper waste management systems due to the rural location.
Is it legal to operate a short-term rental in Fort Laramie, Wyoming?

Short term rentals (STRs) are generally legal in Fort Laramie, Wyoming, as the state maintains a relatively permissive approach to vacation rentals with minimal statewide restrictions.

Core operating requirements

  • Fort Laramie, being a small unincorporated community in Goshen County with a population under 300, likely operates under county level regulations in preference to specific municipal ordinances governing STRs.
  • Goshen County does not appear to have enacted comprehensive STR restrictions as of 2023, though operators must comply with basic business licensing requirements and collect applicable lodging taxes.
  • The area's proximity to Fort Laramie National Historic Site makes it attractive for short term rental investments, and no significant prohibited zones or recent legal changes specifically targeting STRs have been implemented in this rural Wyoming location.
  • Property owners should verify current county business license requirements and ensure compliance with state tax collection obligations, but face minimal regulatory barriers compared to more urbanized areas in Wyoming like Jackson or Cheyenne.
What are the best places to invest in Airbnb in Fort Laramie, Wyoming?

Fort Laramie, Wyoming offers limited but focused Airbnb investment opportunities primarily centered around the historic Fort Laramie National Historic Site area and downtown Fort Laramie village.

Areas to research

  • The most attractive area is within a 1 to 2 mile radius of the National Historic Site, which draws approximately 50,000 to 75,000 visitors annually interested in Oregon Trail history, frontier military history, and educational tourism.
  • Properties near the Platte River corridor also present opportunities due to fishing and outdoor recreation activities.
  • The small downtown area around Highway 160 benefits from travelers on scenic byways and those visiting nearby Guernsey State Park (about 15 miles away).
  • Business travel is minimal but occasionally includes government contractors, researchers, and park service personnel.
  • The peak season runs May through September, with steady weekend traffic from regional visitors within a 200 mile radius including Denver, Cheyenne, and Rapid City markets.
  • Investment focus should be on 2 to 3 bedroom properties that can accommodate families and small groups exploring the historic trail sites, with properties featuring period charm or rustic Western aesthetics performing best in this heritage tourism market.
Airbnb and lodging taxes in Fort Laramie, Wyoming

Fort Laramie, Wyoming imposes a 4% local lodging tax on short term rental accommodations including Airbnbs, which is collected in addition to Wyoming's 4% state sales tax for a combined rate of approximately 8% on lodging. The local lodging tax is typically collected by the host at the time of booking or check in and must be remitted monthly to Goshen County by the 15th of the following month, with quarterly remittance allowed for smaller operators collecting less than $200 per month in taxes.

Taxes and filing responsibilities

  • Airbnb may collect and remit these taxes automatically in some cases through their platform, but hosts remain ultimately responsible for ensuring compliance and should verify collection with local authorities.
  • The tax applies to rentals of less than 30 consecutive days, with exemptions generally available for stays exceeding 30 days, certain government employees on official business, and some nonprofit organization activities.
Total cost to purchase, furnish and operate an Airbnb in Fort Laramie, Wyoming

The total cost to start an Airbnb in Fort Laramie, Wyoming would be approximately $285,000 to $320,000.

Cost breakdown

  • Property purchase represents the largest expense at $180,000 to $200,000 for a median 3 bedroom home suitable for short term rental in this small historic town.
  • Furnishing costs would range $15,000 to $25,000 to fully outfit the property with quality furniture, bedding, kitchen essentials, and décor that appeals to tourists visiting the historic fort area.
  • Initial setup costs including professional photography, listing creation, welcome materials, and basic renovations would total $3,000 to $5,000.
  • Permits and fees including business license, short term rental permit, and potential HOA approvals would cost $500 to $1,500.
  • Insurance for short term rental coverage would run $2,000 to $3,000 annually.
  • Utilities including electricity, water, sewer, internet, and cable would average $200 to $300 monthly or $1,200 to $1,800 for six months.
  • First six months operating costs including cleaning services, maintenance, supplies, platform fees, marketing, and property management would total $8,000 to $12,000.
  • Additional considerations include potential property improvements and a cash reserve for unexpected expenses, making the realistic startup investment closer to the higher end of this range for a successful launch.
Are Airbnb properties in Fort Laramie, Wyoming profitable?

Airbnb properties in Fort Laramie, Wyoming face challenging profitability conditions due to the town's small population of approximately 230 residents and limited tourist infrastructure, with average nightly rates estimated at $75 to 95 compared to Wyoming's statewide average of $120. Properties typically generate annual revenues of $8,000 to 15,000 with occupancy rates around 25 to 35%, while expenses including mortgage payments, utilities, cleaning, and maintenance average $12,000 to 18,000 annually, resulting in negative profit margins of 15% to 25% for most operators.

Profitability indicators

  • Success factors in this market include proximity to Fort Laramie National Historic Site, offering unique historical experiences, targeting hunters during fall seasons, and maintaining extremely low operating costs through owner management.
  • The few profitable properties are typically debt free cabins or converted ranch buildings that capitalize on the area's historical significance and outdoor recreation opportunities.
What is the expected return on investment for an Airbnb in Fort Laramie, Wyoming?

Airbnb investments in Fort Laramie, Wyoming typically generate annual ROI of 8 to 12% with cash on cash returns ranging from 6 to 10%, primarily due to the area's proximity to Fort Laramie National Historic Site and seasonal tourism from travelers exploring the Oregon Trail heritage sites. Properties in this small community of approximately 230 residents can expect to reach profitability within 18 to 24 months, with average daily rates of $85 to 120 during peak summer months (May September) when historical tourism peaks.

Return planning figures

  • Initial investment costs are relatively low at $150,000 to 250,000 for suitable properties, but investors should factor in higher per unit marketing costs and potential seasonal cash flow gaps during winter months when tourism drops significantly.
What company can help me find and buy a profitable Airbnb in Fort Laramie, Wyoming?

STRSearch is a leading national platform that specializes in identifying profitable short term rental investment opportunities in Fort Laramie, Wyoming, using data analytics to evaluate potential Airbnb returns.

Companies and resources

  • Local real estate agents like Century 21 BHJ Realty and RE/MAX Capitol Properties in nearby Torrington and Cheyenne have experience with investment properties in the Fort Laramie area and understand the regional vacation rental market dynamics.
  • National services including Awning, RedAwning, and AirDNA provide comprehensive market analysis and property management solutions for Airbnb investors targeting the Fort Laramie region.
  • Mashvisor offers investment property analysis tools that can evaluate Fort Laramie's short term rental potential, while BiggerPockets connects investors with local professionals familiar with Wyoming's vacation rental regulations.
  • Local property management companies such as Wyoming Property Management Group and High Plains Property Services can assist with day to day Airbnb operations in the Fort Laramie area.
  • Investment focused real estate platforms like Roofstock and Fundrise occasionally feature Wyoming properties suitable for short term rental conversion.

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Success Rate
100% profitable track record
Data Accuracy
Proprietary filters, precise forecasts
Service Scope
End-to-end STR investment support
Risk Mitigation
Only cash-flow-positive matches
Expert Network
Vetted realtors, lenders, designers included
Other Services
Success Rate
Inconsistent ROI, no guarantees
Data Accuracy
Generic metrics, inaccurate estimates
Service Scope
Partial services only
Risk Mitigation
No profitability screening
Expert Network
Limited or no partner access
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