Is Grand Teton, Wyoming Good for Airbnb Investment?

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Grand Teton, Wyoming market research

Grand Teton, Wyoming Airbnb Investment Overview

$2,800–$8,500,Typical monthly host earnings
8–15%Typical annual ROI
65–70%Average annual occupancy
VariesCombined taxes and local fees
Investment

Is Airbnb a Good Investment in Grand Teton, Wyoming?

Potentially—Grand Teton, Wyoming combines visitor demand with long-term real estate upside.

  • Presents a strong opportunity, primarily driven by its status as a world-renowned national park destination.
  • The current market conditions are characterized by consistently high demand for accommodations due to the millions of tourists who visit annually to experience its breathtaking landscapes and outdoor activities.
  • This robust tourism trend supports high occupancy rates and premium nightly rates, especially during peak seasons.
  • While property values in areas surrounding Grand Teton National Park can be high due to limited inventory and strong demand.
  • The unique appeal of Grand Teton ensures a steady stream of visitors, offering significant investment potential for short-term rentals despite the elevated initial outlay.
Earnings

How Much Does an Average Airbnb Earn in Grand Teton?

$2,800–$8,500, based on location, season, and property quality.

  • Based on available market data and rental performance analytics, Airbnb properties in the Grand Teton area of Wyoming typically generate average monthly revenues ranging from $2,800 to $8,500, with significant seasonal fluctuations driven by the region's tourism patterns.
  • Peak summer months from June through August see the highest earnings, with properties averaging $6,000 to $12,000 monthly.
  • Properties within 10 miles of Grand Teton National Park command premium rates, with luxury cabins and homes sleeping 6-8 guests averaging $350-600 per night during peak season.
  • Key factors affecting earnings include proximity to national park entrances, property size and amenities, seasonal accessibility.
  • Winter sports season provides a secondary peak from December through March, particularly for properties near Jackson Hole Mountain Resort, though earnings remain 30-40% below summer levels.
  • Occupancy rates typically range from 45-65% annually, with summer months achieving 75-85% occupancy while shoulder seasons drop to 25-45%.
ROI Analysis

Airbnb Return on Investment in Grand Teton

Potentially strong—typical annual ROI is 8–15%.

  • Airbnb investments in the Grand Teton, Wyoming market typically generate ROI between 8-15% annually, with premium properties near Jackson Hole achieving up to 18-20% during peak seasons.
  • The payback period for initial investment ranges from 6-10 years depending on property location and purchase price.
  • Seasonal occupancy rates average 65-75% annually, with July and August reaching 85-90% occupancy, while traditional long-term rentals in the area typically yield only 4-7% ROI with more stable but lower monthly income of $2,500-4,500 for comparable properties.
  • The short-term rental market benefits from Grand Teton's 3.5 million annual visitors and Jackson Hole's luxury tourism appeal.
Occupancy Rate

Average Airbnb Occupancy Rate in Grand Teton

Grand Teton, Wyoming averages 65–70% annual occupancy, with seasonal variation.

  • Airbnb occupancy rates in Grand Teton, Wyoming average approximately 65-70% annually, with dramatic seasonal fluctuations that peak at 85-90% during summer months (June through August) when Yellowstone and Grand Teton National Parks experience their highest visitation, while winter months typically see occupancy rates drop to 35-45% except during ski season periods which can reach 60-65%.
  • The shoulder seasons of spring (April-May) and fall (September-October) maintain moderate occupancy rates around 50-60%.
  • These rates significantly exceed Wyoming's statewide Airbnb average of approximately 45-50% and surpass the national average of 48-52%.
  • Peak season demand is driven by summer tourism, wildlife viewing, hiking, and camping activities, while winter occupancy is sustained by Jackson Hole's ski resort proximity and winter sports enthusiasts.
Best Neighborhoods

Best Neighborhoods for Airbnb in Grand Teton

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

  • The most lucrative Airbnb neighborhoods in the Grand Teton area include Jackson Hole proper, which commands premium rates due to its proximity to both Grand Teton National Park and Jackson Hole Mountain Resort.
  • Teton Village offers exceptional investment potential with its ski-in/ski-out properties and year-round resort amenities.
  • Wilson provides a more affordable entry point while maintaining close proximity to Jackson and the national park.
  • The Town of Jackson's downtown core delivers consistent bookings from visitors wanting walkable access to restaurants, shopping, and cultural attractions.
  • Moose and Kelly areas offer unique positioning directly adjacent to Grand Teton National Park entrances.
  • Jackson Lake Lodge vicinity provides seasonal opportunities with stunning mountain and lake views, particularly strong during summer months when visitors pay premium rates for waterfront access and park proximity.
  • Alta, Wyoming presents emerging potential with lower property acquisition costs and growing popularity among visitors seeking quieter alternatives to Jackson while maintaining reasonable access to skiing and park activities.
Regulations

Short-term Rental Regulations in Grand Teton

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

  • Grand Teton area short-term rental regulations vary by jurisdiction, with Teton County requiring a Transient Lodging Permit through their planning department.
  • Properties must comply with occupancy limits of two people per bedroom plus two additional guests, with maximum occupancy rarely exceeding 12 people regardless of property size.
  • Owner-occupancy requirements are generally not mandated for most residential zones, though some areas restrict rentals to properties where owners maintain primary residence.
  • Zoning restrictions prohibit short-term rentals in certain residential districts, particularly R-1 single-family zones.
  • The registration process requires submitting property details, parking plans, waste management arrangements, and neighbor notification documentation.
  • Recent changes have included stricter parking requirements mandating one space per bedroom, enhanced noise ordinances with specific quiet hours, increased penalties for violations.
Fees and Taxes

Short-term Rental Fees and Taxes in Grand Teton

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

  • Short-term rentals in Grand Teton, Wyoming are subject to several fees and taxes including Wyoming's statewide lodging tax of 4% on gross rental receipts.
  • Property owners must obtain a Teton County Conditional Use Permit costing approximately $2,500-$4,000 initially, along with an annual Short-Term Rental License fee of around $350-$500.
  • Additional requirements include a business license from the Town of Jackson (if applicable) at roughly $75 annually, plus compliance inspections that may cost $200-$400.
  • The Wyoming Department of Revenue requires registration for sales tax collection, and operators must also pay standard property taxes which average 0.62% of assessed value in Teton County.
  • Fire safety inspections may cost an additional $150-$300 annually, and some areas require parking permits or impact fees ranging from $500-$1,500 depending on the specific location and rental capacity.
Common questions

Grand Teton, Wyoming Airbnb investment FAQs

How to start an Airbnb in Grand Teton, Wyoming?

To start an Airbnb in Grand Teton, Wyoming, begin by researching Teton County's strict short term rental regulations, which require a Conditional Use Permit (CUP) and limit rentals to properties zoned for commercial or mixed use.

Launch checklist

  • Obtain necessary permits including the CUP ($1,500 to 3,000), Wyoming state sales tax license, and Teton County business license.
  • Find property within permitted zones near Jackson or Teton Village, expecting to pay $800,000 to 2,500,000 for suitable properties given the area's premium real estate market and proximity to Grand Teton National Park and Jackson Hole ski resort.
  • Furnish the property with high end, durable mountain themed décor, outdoor gear storage, hot tub, fireplace, and amenities that cater to skiers, hikers, and luxury travelers, budgeting $50,000 to 100,000 for complete furnishing.
  • List your property on Airbnb, VRBO, and local platforms like Jackson Hole Resort Lodging, emphasizing proximity to Grand Teton National Park (established 1929), Yellowstone access.
  • Manage the property through local companies like Jackson Hole Property Management or Mountain Property Management who understand the area's seasonal demands, wildlife protocols, and can handle the high turnover during peak ski season (December March) and summer tourism months (June September).
What's the best way to identify good STR properties in Grand Teton, Wyoming?

To identify profitable short term rental properties in Grand Teton, Wyoming, focus on locations within 30 to 45 minutes of Grand Teton National Park entrances, particularly in Jackson, Teton Village, Wilson, and areas along Highway 22, as proximity to outdoor recreation drives demand year round.

What to prioritize

  • Target properties with 3 to 4 bedrooms, mountain or valley views, hot tubs, fireplaces, and adequate parking for multiple vehicles, as these features command premium rates averaging $300 to 600 per night during peak summer and winter seasons.
  • Conduct pricing analysis using AirDNA and Mashvisor to identify properties where potential STR revenue exceeds long term rental income by 40 to 60%, typically requiring acquisition costs under $800,000 to 1.2 million for optimal ROI in this market.
  • Research competition within a 5 mile radius using Airbnb and VRBO searches, targeting areas with less than 15% market saturation and average occupancy rates above 65%.
  • Utilize Jackson Hole MLS data, STR Analytics, and local property management companies like Jackson Hole Property Management or Rendezvous Property Management to understand seasonal demand patterns, with peak seasons running June September and December March generating 70% of annual revenue.
How to get an Airbnb permit in Grand Teton, Wyoming?

To obtain an Airbnb/STR permit in Grand Teton, Wyoming, you must apply through Teton County's Planning Department located at 200 South Willow Street in Jackson, as Grand Teton area falls under Teton County jurisdiction.

Documents and approvals

  • Required documents include a completed Short Term Rental Application, proof of property ownership or lease agreement, site plan showing parking and access, septic system inspection certificate, fire safety inspection report.
  • The application fee is approximately $500 with an additional $200 annual renewal fee, and inspections may cost $150 to 300 depending on property size.
  • The timeline typically takes 60 to 90 days for initial approval including review periods and required inspections.
  • Specific Grand Teton area requirements include compliance with the Teton County Land Development Regulations, maximum occupancy limits based on bedrooms and septic capacity (typically 2 guests per bedroom plus 2 additional), designated parking spaces (minimum 2 spaces).
  • Properties must also meet setback requirements from waterways and sensitive wildlife areas, and some zones may have density restrictions limiting the number of STRs per area.
Is it legal to operate a short-term rental in Grand Teton, Wyoming?

Short term rentals (STRs) in Grand Teton, Wyoming are generally legal but subject to specific regulations that vary by location within Teton County.

Core operating requirements

  • In Jackson and unincorporated areas of Teton County, STRs require business licenses and must comply with zoning restrictions, with some residential zones prohibiting or limiting short term rentals to preserve neighborhood character.
  • The town of Jackson implemented stricter regulations around 2019 to 2020, requiring conditional use permits for STRs in certain residential areas and limiting the total number of permits available.
  • Properties within or adjacent to Grand Teton National Park boundaries face additional federal restrictions, and some homeowners associations in developments near the park have their own prohibitions.
  • Recent changes include increased enforcement of existing regulations, higher permit fees, and requirements for local property management representation.
  • STR operators must also comply with Wyoming state lodging taxes and local occupancy taxes, with violations potentially resulting in permit revocation and significant fines.
What are the best places to invest in Airbnb in Grand Teton, Wyoming?

The most lucrative Airbnb investment areas in Grand Teton, Wyoming center around Jackson and Teton Village due to their proximity to both Grand Teton National Park and Jackson Hole Mountain Resort.

Areas to research

  • Jackson's downtown area offers year round appeal with summer tourists visiting the national park and winter skiers, plus it hosts events like the Jackson Hole Fall Arts Festival and serves business travelers attending conferences at luxury resorts.
  • Teton Village provides ski in/ski out access during winter months (December April) and summer tram access for hiking, making it highly desirable for premium short term rentals.
  • The areas near Jenny Lake and Moose offer more secluded options that attract nature enthusiasts and photographers seeking authentic wilderness experiences.
  • Wilson and the Snake River corridor provide slightly more affordable investment opportunities while still maintaining easy park access, appealing to families and outdoor recreation groups.
  • Properties near the National Elk Refuge benefit from unique wildlife viewing opportunities during winter months, creating a niche market for nature tourism that extends the traditional peak seasons.
Airbnb and lodging taxes in Grand Teton, Wyoming

Airbnb properties in Grand Teton, Wyoming are subject to Wyoming's state lodging tax of 4% on gross receipts from short term rentals under 30 days, which is collected by the Wyoming Department of Revenue and must be remitted monthly by the 19th of the following month.

Taxes and filing responsibilities

  • Teton County imposes an additional 3% lodging tax, bringing the total occupancy tax rate to 7% for most Airbnb rentals in the Grand Teton area.
  • The Jackson lodging tax adds another 3% for properties within Jackson city limits, potentially reaching 10% total.
  • These taxes are typically collected directly from guests at the time of booking through Airbnb's automated tax collection system, which remits payments to the appropriate jurisdictions on behalf of hosts.
  • Exemptions generally apply to stays exceeding 30 consecutive days, which are considered long term rentals in preference to transient lodging, and some jurisdictions may exempt stays by government employees or certain nonprofit organizations.
Total cost to purchase, furnish and operate an Airbnb in Grand Teton, Wyoming

Starting an Airbnb in Grand Teton, Wyoming requires significant upfront investment due to the area's premium location near the national park.

Cost breakdown

  • Property purchase costs average $850,000 to $1,200,000 for a suitable vacation rental home, with median prices around $975,000 as of 2023.
  • Furnishing costs typically range $25,000 to $40,000 for a complete setup including beds, linens, kitchen equipment, living room furniture, and outdoor gear storage.
  • Initial setup expenses include professional photography ($500 to $800), listing optimization ($300 to $500), and welcome amenities ($200 to $400).
  • Permits and fees in Teton County include short term rental permits ($500 to $1,200 annually), business licenses ($100 to $300), and potential HOA approval fees ($200 to $500).
  • Insurance costs run $3,000 to $5,000 annually for comprehensive short term rental coverage through companies like Proper Insurance or CBIZ.
  • Utilities including electricity, gas, water, internet, and cable average $300 to $500 monthly ($1,800 to $3,000 for six months).
  • First six months operating costs encompass cleaning services ($150 to $250 per turnover), maintenance reserves ($500 to $1,000 monthly), marketing ($200 to $400 monthly), and management software subscriptions ($50 to $100 monthly).
  • The complete startup investment ranges from $1,010,000 to $1,270,000, making Grand Teton one of the most expensive Airbnb markets in Wyoming due to its proximity to Jackson Hole and national park tourism.
Are Airbnb properties in Grand Teton, Wyoming profitable?

Airbnb properties in Grand Teton, Wyoming demonstrate strong seasonal profitability with average nightly rates ranging from $150 to 400 depending on property size and proximity to the national park, generating annual revenues of $25,000 to 75,000 for typical 2 to 3 bedroom properties.

Profitability indicators

  • Operating expenses typically consume 40 to 60% of gross revenue, including cleaning fees ($75 to 150 per turnover), property management (15 to 25% of revenue), utilities ($200 to 400 monthly), insurance ($2,000 to 4,000 annually).
  • Properties within 10 miles of Grand Teton National Park achieve occupancy rates of 65 to 85% during peak season (June September) and 25 to 45% off season, resulting in net profit margins of 25 to 45% for well managed properties.
  • Success factors include strategic location near park entrances, professional photography showcasing mountain views, amenities like hot tubs and fire pits, and responsive guest communication.
  • A case study of a 3 bedroom cabin near Jackson Lake purchased for $650,000 in 2019 generated $68,000 in gross revenue in 2022 with $28,000 in operating expenses.
What is the expected return on investment for an Airbnb in Grand Teton, Wyoming?

Airbnb investments in Grand Teton, Wyoming typically generate annual ROI of 12 to 18% due to the area's proximity to Grand Teton National Park and Yellowstone, with peak summer occupancy rates reaching 85 to 90% and average daily rates of $250 to 400 for well positioned properties. Cash on cash returns generally range from 8 to 14% annually, with luxury cabins and homes near Jackson Lake or Teton Village commanding premium rates of $400 to 600 per night during peak season (June September) and ski season (December March).

Return planning figures

  • Properties typically reach profitability within 18 to 24 months, with initial investment costs averaging $600,000 to 1.2 million for suitable vacation rental properties, though operational expenses including property management (20 to 30% of gross revenue), maintenance, utilities.
  • The market benefits from year round tourism with summer hiking/camping visitors and winter skiing at Jackson Hole, creating dual season revenue opportunities that support higher occupancy rates of 65 to 75% annually compared to single season destinations.
What company can help me find and buy a profitable Airbnb in Grand Teton, Wyoming?

STRSearch is a leading national platform that specializes in identifying profitable short term rental properties for investors in Grand Teton, Wyoming.

Companies and resources

  • Local real estate agents like Jackson Hole Real Estate Associates and Teton Village Realty have extensive experience helping investors navigate the unique zoning and regulatory requirements for vacation rentals in the Grand Teton area since 2018.
  • National services including Awning, RedAwning, and AirDNA provide market analysis and property identification services specifically for Airbnb investments in Wyoming mountain markets.
  • Teton County based firms such as Mountain Property Management and Grand Teton Property Services offer turnkey solutions for investors looking to purchase and operate short term rentals near the national park.
  • Additional specialized companies like Vacasa, which expanded into the Jackson Hole market in 2019, and local boutique firms including Teton Vacation Rentals and Snake River Property Management provide comprehensive investment advisory services, property sourcing.

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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
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Vetted realtors, lenders, designers included
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Success Rate
Inconsistent ROI, no guarantees
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Generic metrics, inaccurate estimates
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Partial services only
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