Is Meeteetse, Wyoming Good for Airbnb Investment?

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Meeteetse, Wyoming market research

Meeteetse, Wyoming Airbnb Investment Overview

$800–2,400Typical 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 Meeteetse, Wyoming?

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

  • Presents a unique opportunity given the town's strategic location and outdoor recreation appeal.
  • Meeteetse's market is characterized by its proximity to Yellowstone National Park, world-class fishing on the Greybull River.
  • This seasonal demand can support strong occupancy rates during peak tourism months.
  • While property values remain relatively affordable compared to major tourist destinations, making initial investments more accessible.
  • Investors should, however, consider the seasonal nature of demand, limited local amenities, and the small market size, which can impact year-round profitability and guest volume.
Earnings

How Much Does an Average Airbnb Earn in Meeteetse?

$800–2,400 monthly based on location, season, and property quality.

  • Based on available vacation rental data for small Wyoming towns, Airbnb properties in Meeteetse typically generate between $800-2,400 monthly.
  • Summer months (June-August) represent peak earning potential at $2,000-3,500 monthly due to tourist influx.
  • Spring and fall shoulder seasons average $1,000-1,800 monthly, with hunting season providing a notable autumn boost.
  • Key factors affecting earnings include property size and amenities, with larger homes accommodating families and groups commanding premium rates, proximity to outdoor recreation areas.
  • The town's small size means market saturation occurs quickly, but its strategic location as a gateway to Yellowstone's east entrance and the Absaroka Mountains provides consistent demand from outdoor enthusiasts, photographers, and tourists seeking authentic Western experiences.
  • Properties offering unique amenities like hot tubs, mountain views, or ranch experiences typically achieve occupancy rates of 60-75% during peak season and 25-40% during off-peak periods.
ROI Analysis

Airbnb Return on Investment in Meeteetse

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 300 residents and limited tourist infrastructure.
  • The remote location near the Absaroka Mountains attracts seasonal hunters and outdoor enthusiasts, creating occupancy rates around 35-45% during peak summer and fall months.
  • Long-term rental investments in Meeteetse generally provide more stable but lower returns of 6-8% annually with 95% occupancy rates.
  • The Airbnb market faces challenges from the town's isolation, limited dining and entertainment options, and seasonal demand fluctuations, making it less predictable than traditional rental properties.
Occupancy Rate

Average Airbnb Occupancy Rate in Meeteetse

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

  • Meeteetse, Wyoming, a small town with approximately 300 residents, experiences Airbnb occupancy rates averaging around 45-55% annually.
  • The town sees its peak occupancy during summer months (June through August) when rates climb to 70-80% due to proximity to Yellowstone National Park and outdoor recreation activities.
  • Spring and fall shoulder seasons maintain moderate occupancy rates of 40-50%, with slight increases during hunting season in October.
  • The limited number of Airbnb properties in Meeteetse, estimated at fewer than 20 active listings, creates less competition but also reflects lower overall tourism demand compared to more established Wyoming destinations like Jackson or Cody, resulting in occupancy rates that lag behind both state and national benchmarks by 10-25 percentage points throughout most of the year.
Best Neighborhoods

Best Neighborhoods for Airbnb in Meeteetse

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

  • Meeteetse, Wyoming offers several promising neighborhoods for Airbnb investment, with the Historic Downtown District being the most attractive due to its proximity to the Meeteetse Museums, walkable Main Street charm.
  • The Greybull River Area provides excellent investment potential with its scenic waterfront properties attracting fishing enthusiasts and nature lovers.
  • The Wood River Valley neighborhood appeals to investors seeking larger properties that can accommodate families and groups visiting nearby Yellowstone National Park.
  • The South Meeteetse residential area offers more affordable entry points for investors while still maintaining proximity to town amenities and outdoor recreation access.
  • The Ranch Road corridor attracts guests seeking authentic ranch experiences and serves as a gateway to backcountry adventures.
  • The East Bench area provides elevated views and privacy while remaining accessible to town services, appealing to guests wanting seclusion with convenience and commanding $110-170 nightly rates.
Regulations

Short-term Rental Regulations in Meeteetse

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

  • Short-term rental regulations in Meeteetse, Wyoming are primarily governed at the county level through Park County.
  • Property owners typically need to obtain a business license from Park County and comply with state lodging tax requirements.
  • Occupancy limits generally follow building and fire codes, typically allowing 2 persons per bedroom plus 2 additional guests.
  • There are currently no owner-occupancy requirements mandating hosts to live on-site during rentals.
  • Zoning restrictions allow short-term rentals in most residential areas, but properties must comply with parking requirements and noise ordinances.
  • The registration process involves obtaining a Wyoming vendor's license, collecting and remitting state and local lodging taxes (approximately 4-6% combined).
Fees and Taxes

Short-term Rental Fees and Taxes in Meeteetse

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

  • Short-term rentals in Meeteetse, Wyoming are subject to Wyoming's statewide lodging tax of 4% on gross receipts.
  • Park County, where Meeteetse is located, may impose an additional local lodging tax of up to 2%, bringing the total potential lodging tax to 6%.
  • The town of Meeteetse itself may require a business license costing approximately $25-50 annually, though specific short-term rental registration fees are estimated at $100-200 per year if required.
  • Property owners must also pay standard Wyoming sales tax of 4% on rental income, plus any applicable local sales taxes which can range from 1-3% depending on the municipality.
  • Tourism promotion taxes may apply at 1-2% in some areas of Park County.
  • Additionally, operators may need to obtain a Wyoming sales tax license (typically $0-60 fee) and potentially a food service permit if meals are provided, costing around $100-300 annually.
Common questions

Meeteetse, Wyoming Airbnb investment FAQs

How to start an Airbnb in Meeteetse, Wyoming?

To start an Airbnb in Meeteetse, Wyoming, begin by researching local regulations through the Park County Planning and Zoning Department, as Meeteetse falls under county jurisdiction and may require special use permits for short term rentals in residential zones.

Launch checklist

  • Contact Park County at (307) 527 to 8570 to understand zoning requirements, occupancy limits, and any conditional use permits needed.
  • Obtain necessary permits including a Wyoming state sales tax license through the Department of Revenue, and register for local lodging taxes if applicable.
  • Find a suitable property by working with local real estate agents familiar with Meeteetse's market, focusing on properties near attractions like the Meeteetse Museum or Charles Belden Museum, with average home prices ranging $200,000 to $400,000 as of 2023.
  • Furnish the property with western/rustic décor appropriate to the area's cowboy heritage, including essential amenities like Wi Fi, heating for harsh winters, and outdoor furniture for summer guests.
  • List your property on Airbnb, Vrbo, and Booking.com with professional photos highlighting the small town charm and proximity to Yellowstone National Park (about 90 minutes away).
  • For management, consider hiring local cleaning services like those in nearby Cody, install keyless entry systems, and partner with local businesses for guest recommendations.
What's the best way to identify good STR properties in Meeteetse, Wyoming?

To identify profitable short term rental properties in Meeteetse, Wyoming, focus on properties within walking distance of the Meeteetse Museums and historic downtown area, or those offering easy access to nearby outdoor recreation like the Absaroka Mountains and Greybull River.

What to prioritize

  • Target 2 to 4 bedroom properties with rustic charm, modern amenities, outdoor spaces, and parking, as these appeal to families and groups visiting for hunting, fishing, and western heritage tourism.
  • Analyze pricing by researching comparable Airbnb and VRBO listings in Meeteetse and nearby Cody (30 miles away), aiming for nightly rates between $120 to 200 depending on size and amenities, with higher rates during peak hunting seasons (fall) and summer tourist months.
  • Competition research should include monitoring the limited existing STR inventory in Meeteetse, studying occupancy rates and guest reviews of properties in Cody and Thermopolis, and identifying gaps in accommodation options for specific traveler segments.
  • Utilize tools like AirDNA for market data, STR Helper for revenue projections, Mashvisor for investment analysis, and local resources including the Meeteetse Chamber of Commerce, Hot Springs County tourism data.
How to get an Airbnb permit in Meeteetse, Wyoming?

To obtain an Airbnb/STR permit in Meeteetse, Wyoming, you must first contact the Meeteetse Town Hall at 1947 State Street or call (307) 868 to 2515 to inquire about short term rental regulations, as this small town may have recently implemented or be considering STR ordinances.

Documents and approvals

  • You'll likely need to submit a completed business license application, proof of property ownership or lease agreement, certificate of insurance with minimum $1 million liability coverage, floor plan showing maximum occupancy, parking plan.
  • Required documents typically include a completed STR permit application, zoning compliance verification, fire safety inspection certificate, and neighbor notification forms.
  • Application fees generally range from $100 to 300 initially with annual renewal fees of $50 to 150, though Meeteetse's specific fees may vary.
  • The approval timeline is typically 30 to 60 days depending on completeness of application and any required inspections.
  • Specific Meeteetse requirements likely include adherence to residential zoning restrictions, maximum occupancy limits based on bedrooms and septic capacity, designated parking spaces, quiet hours enforcement, and maintaining a local contact person available 24/7 for emergencies.
Is it legal to operate a short-term rental in Meeteetse, Wyoming?

Short term rentals (STRs) are generally legal in Meeteetse, Wyoming, as the small town of approximately 300 residents in Park County does not have specific municipal ordinances prohibiting or heavily regulating vacation rentals.

Core operating requirements

  • Wyoming state law allows STRs, and most rural communities like Meeteetse operate under basic zoning regulations that typically permit residential properties to be used for short term rental purposes.
  • Property owners should ensure compliance with state tax requirements, including collecting and remitting lodging taxes to the Wyoming Department of Revenue, and may need to obtain basic business licenses.
  • There are no known prohibited areas within Meeteetse specifically for STRs, though properties must generally comply with residential zoning requirements and any applicable homeowners association rules.
  • Recent legal changes have been minimal at the local level, with most regulatory activity occurring at the state level regarding tax collection and reporting requirements that took effect around 2019 to 2020, requiring STR operators to register with the state and collect appropriate taxes from guests.
What are the best places to invest in Airbnb in Meeteetse, Wyoming?

The best areas for Airbnb investment in Meeteetse, Wyoming are the historic downtown district along Park Avenue and State Street, which attracts tourists interested in the town's authentic Old West heritage and proximity to the Meeteetse Museum and Bank Museum. The residential areas within walking distance of downtown offer charm for visitors attending the annual Meeteetse Days celebration in August and those exploring nearby attractions like the Charles Belden Museum.

Areas to research

  • Properties on the outskirts with ranch views are particularly attractive to guests seeking authentic Wyoming experiences and serving as base camps for Yellowstone National Park visitors (45 minutes away) and those exploring the Absaroka Mountains.
  • The area benefits from consistent tourism from May through September due to its location along scenic Highway 120, attracting photographers, historians, and outdoor enthusiasts interested in fishing, hiking, and wildlife viewing.
Airbnb and lodging taxes in Meeteetse, Wyoming

Airbnb properties in Meeteetse, 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 if monthly gross receipts exceed $750.

Taxes and filing responsibilities

  • Park County, where Meeteetse is located, imposes an additional 2% county lodging tax that applies to all accommodations including short term rentals, bringing the total lodging tax rate to approximately 6%.
  • The town of Meeteetse may impose a local lodging tax of up to 2% under Wyoming statute, though specific rates vary and should be confirmed with local authorities.
  • These taxes are typically collected from guests at the time of booking and remitted by hosts or property managers to the respective tax authorities quarterly or monthly depending on volume.
  • Exemptions generally apply to stays of 30 days or longer, which are considered long term rentals in preference to transient lodging.
Total cost to purchase, furnish and operate an Airbnb in Meeteetse, Wyoming

Starting an Airbnb in Meeteetse, Wyoming requires approximately $285,000 to $350,000 in total initial investment.

Cost breakdown

  • Property purchase costs around $220,000 to $280,000 based on median home prices in rural Wyoming markets, while furnishing a 2 to 3 bedroom property runs $15,000 to $25,000 including furniture, appliances, linens, and décor to create an appealing guest experience.
  • Initial setup costs of $3,000 to $5,000 cover professional photography, listing creation, welcome materials, and basic amenities.
  • Permits and fees total approximately $500 to $1,200 including business licenses, lodging permits from Park County, and potential HOA approvals.
  • Insurance costs $2,000 to $3,500 annually for short term rental coverage through companies like Proper Insurance or CBIZ, while utilities setup and deposits require $800 to $1,500 for electricity, water, sewer, internet, and cable services.
  • First six months of operating costs add $8,000 to $12,000 covering utilities ($200 to 300/month), cleaning services ($75 to 100 per turnover), maintenance reserves, property management software subscriptions, and marketing expenses.
Are Airbnb properties in Meeteetse, Wyoming profitable?

Airbnb properties in Meeteetse, Wyoming show moderate profitability potential with average nightly rates ranging from $85 to 150 for typical 2 to 3 bedroom properties, generating approximately $15,000 to 35,000 in annual revenue depending on occupancy rates of 35 to 55%.

Profitability indicators

  • Operating expenses typically include property management fees (15 to 25%), cleaning costs ($40 to 60 per turnover), utilities ($150 to 250 monthly), insurance ($1,200 to 2,000 annually), and maintenance ($2,000 to 4,000 yearly).
  • Profit margins generally range from 25 to 45%, with successful properties achieving $7,000 to 17,000 in net annual income.
  • Success factors include proximity to Yellowstone National Park (45 minutes away), targeting outdoor enthusiasts and hunters during peak seasons (June September and hunting seasons), offering amenities like hot tubs or game processing facilities.
  • Properties within walking distance of downtown Meeteetse or with scenic views command premium rates, while those offering unique experiences like ranch stays or historic charm perform better than standard rentals.
  • The market benefits from limited hotel inventory in the area, though seasonality significantly impacts year round profitability, with winter months showing occupancy rates below 20% compared to summer peaks of 70 to 80%.
What is the expected return on investment for an Airbnb in Meeteetse, Wyoming?

Airbnb investments in Meeteetse, Wyoming typically generate annual ROI of 8 to 12% with cash on cash returns ranging from 6 to 10% based on the town's proximity to Yellowstone National Park and seasonal tourism patterns. Properties in Meeteetse, particularly those marketed as gateway accommodations to Yellowstone's east entrance, can expect to reach profitability within 18 to 24 months given average daily rates of $120 to 180 during peak summer months (June September) and $80 to 120 during shoulder seasons.

Return planning figures

  • The market benefits from Meeteetse's authentic western charm and outdoor recreation access, with occupancy rates typically reaching 65 to 75% annually.
What company can help me find and buy a profitable Airbnb in Meeteetse, Wyoming?

STRSearch is a national platform that helps investors identify profitable short term rental properties across markets including Meeteetse, Wyoming.

Companies and resources

  • For this remote Wyoming market, national services like Awning, RedAwning, and Vacasa provide market analysis and property management services that can assist with Airbnb investments.
  • Local real estate agents such as those with Century 21 BHJ Realty in nearby Cody (serving the greater Park County area including Meeteetse) and Fremont County Real Estate professionals have knowledge of rural Wyoming vacation rental opportunities.
  • AirDNA and Mashvisor offer market data analytics for small markets like Meeteetse to help evaluate rental potential.
  • Wyoming based property management companies like Jackson Hole Property Management and Teton County vacation rental specialists sometimes extend services to smaller markets.
  • Local Meeteetse real estate agents working with firms like Shoshone River Realty and independent brokers familiar with the area's proximity to Yellowstone National Park can identify properties suitable for short term rentals.

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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
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Limited or no partner access
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