Is Kelly, Wyoming Good for Airbnb Investment?

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

• Presents a potentially attractive opportunity, especially given its proximity to Grand Teton National Park and Jackson Hole, which consistently draw a significant number of tourists.
• The market conditions in Kelly are characterized by a limited supply of properties and high demand, driven by both seasonal tourism and a desire for secluded, nature-focused retreats.
• Property values in this area are generally high due to the desirable location and exclusivity, but the potential for strong rental income and capital appreciation can offer a favorable return on investment.
• Tourism trends indicate a steady increase in visitors seeking outdoor adventures and tranquil getaways, making short-term rentals a viable and often preferred accommodation option.
• Therefore, for investors looking at long-term appreciation and consistent demand from a specific niche of travelers, Kelly can be a good investment.

$2,800–$6,500, based on location, season, and property quality.

• Based on available market data and regional analysis, Airbnb properties in Kelly, Wyoming typically generate average monthly revenues ranging from $2,800 to $6,500, with significant seasonal fluctuations driven by the area's proximity to Grand Teton National Park and Jackson Hole.
• Peak summer months (June through August) can yield $8,000 to $12,000 monthly for well-positioned properties.
• Shoulder seasons in spring and fall typically produce moderate earnings of $3,000 to $5,000 monthly.
• Key factors affecting earnings include property size and quality, proximity to outdoor recreation areas, availability of amenities like hot tubs or mountain views.
• The limited housing stock in Kelly creates both opportunities for higher nightly rates ($250-$450 per night during peak season) and challenges with seasonal demand fluctuations.
• Properties with three or more bedrooms and outdoor amenities tend to outperform smaller units, with annual gross revenues potentially reaching $45,000 to $75,000 for premium listings.

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

• Typically generate ROI between 8-12% annually, with higher-end properties near Jackson Hole achieving up to 15% during peak seasons due to the area's proximity to Grand Teton National Park and world-class skiing.
• The average payback period ranges from 8-12 years, though properties with unique amenities or prime locations can see payback in 6-8 years.
• Seasonal demand drives occupancy rates of 60-75% during summer and winter peak periods, with average daily rates ranging from $200-400 depending on property size and amenities.
• Compared to long-term rentals in the Kelly market, which typically yield 4-6% annually, short-term rentals significantly outperform traditional rental investments.
• The limited housing inventory in Teton County and strict zoning regulations create supply constraints that support strong rental demand, while operating expenses including cleaning, maintenance.

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

• Kelly, Wyoming experiences average Airbnb occupancy rates of approximately 45-55% annually, with significant seasonal variation driven by its proximity to Grand Teton National Park and Jackson Hole.
• Peak season occupancy reaches 75-85% during summer months (June through August) when outdoor recreation and tourism are at their highest.
• Spring and fall shoulder seasons typically maintain moderate occupancy around 40-50%.
• These rates generally exceed Wyoming's statewide average of approximately 40% due to Kelly's strategic location near major tourist attractions.
• The area's occupancy patterns closely mirror other mountain resort destinations, with the extreme seasonal swings being more pronounced than typical vacation rental markets due to the region's heavy dependence on outdoor recreation and seasonal accessibility.

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

• Kelly, Wyoming offers several prime neighborhoods for Airbnb investment, with the most lucrative being the areas closest to Grand Teton National Park entrance where properties command premium rates due to unparalleled mountain views and immediate park access, attracting high-spending outdoor enthusiasts year-round.
• The historic Kelly townsite area provides excellent investment potential with its authentic Western charm and proximity to the Gros Ventre River.
• Properties along the Gros Ventre Road corridor offer strong rental potential due to their scenic river access and wildlife viewing opportunities.
• The Spring Gulch Road area presents solid investment opportunities with larger lot sizes and mountain vistas, attracting families and groups seeking spacious accommodations with privacy.
• The Antelope Flats region offers exceptional investment potential due to its iconic Mormon Row views and proximity to popular photography locations.
• Properties near the Kelly Warm Springs area provide unique selling points with natural hot springs access, creating year-round appeal and justifying higher pricing.
• The Shadow Mountain area, while requiring higher initial investment, offers luxury market positioning with exclusive mountain access and attracts affluent guests seeking premium wilderness experiences.

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

• Short-term rental regulations in Kelly, Wyoming are primarily governed by Teton County ordinances, which require property owners to obtain a Conditional Use Permit (CUP) for short-term rental operations.
• Occupancy limits are typically restricted to 2 guests per bedroom plus 2 additional guests, with a maximum of 10-12 occupants depending on septic system capacity and square footage.
• Owner-occupancy requirements mandate that the property must be the owner's primary residence for at least 6 months per year.
• Zoning restrictions limit short-term rentals to specific residential zones, with stricter limitations in rural and agricultural areas, while some zones prohibit them entirely.
• The registration process involves submitting detailed applications including site plans, septic system evaluations, parking assessments, and neighbor notification procedures.
• Recent regulatory changes implemented between 2019-2023 have included stricter enforcement mechanisms, increased penalties for violations, enhanced noise and nuisance provisions.

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

• Short-term rentals in Kelly, Wyoming are subject to Wyoming's statewide lodging tax of 4% on gross receipts, plus Teton County's local lodging tax of 3%.
• Property owners must obtain a Wyoming sales tax license (free) and register with the Wyoming Department of Revenue.
• Annual business license fees in Teton County range from $50-$150, and properties may be subject to additional inspection fees of $100-$200.
• The Wyoming Workers' Compensation premium may apply if hiring cleaning or maintenance staff, typically costing $200-$500 annually for small operations.
• Property taxes in Teton County average 0.62% of assessed value annually, though short-term rental properties may face higher assessment rates due to commercial use classification.