Is Powell, Wyoming Good for Airbnb Investment?

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

• Presents a unique opportunity given the city's strategic location and outdoor recreation appeal.
• Powell's market is characterized by its proximity to Yellowstone National Park, strong agricultural heritage.
• This seasonal demand supports solid occupancy rates during peak summer months when tourists flock to the area for national park access, fishing, and outdoor adventures.
• While property values remain relatively affordable compared to major metropolitan areas, making initial investments more accessible.
• Investors should, however, consider the seasonal nature of tourism, limited year-round demand, and the smaller local market size.

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

• Based on available market data and regional analysis, Airbnb hosts in Powell, Wyoming typically earn between $800-$2,200 per month.
• Summer months (June through August) represent peak earning potential with monthly revenues often reaching $2,500-$3,500 for well-positioned properties.
• Spring and fall shoulder seasons generally produce moderate earnings of $1,000-$1,800 per month.
• Key factors influencing earnings include proximity to Yellowstone National Park (approximately 70 miles away), property size and amenities.
• The local market benefits from Powell's position as a gateway community to outdoor recreation, though competition from nearby Cody and limited year-round attractions can impact occupancy rates.

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

• Typically generate ROI between 8-12% annually, with payback periods ranging from 8-12 years depending on property acquisition costs and seasonal demand fluctuations.
• The market benefits from proximity to Yellowstone National Park, driving summer occupancy rates of 65-75% with average daily rates of $120-180, though winter months see significant drops to 25-35% occupancy.
• Compared to traditional long-term rentals in Powell that yield 6-8% annually with more stable cash flow.
• Properties within 10 miles of Yellowstone's east entrance command premium rates and achieve the higher end of ROI ranges.
• The relatively low property acquisition costs in Powell, averaging $250,000-400,000 for suitable rental properties.

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

• Powell, Wyoming experiences average Airbnb occupancy rates of approximately 45-55% annually, with significant seasonal variation driven by its proximity to Yellowstone National Park and outdoor recreation opportunities.
• Peak season occurs from June through August when occupancy rates surge to 75-85%, coinciding with summer tourism, favorable weather for camping and hiking.
• Spring (April-May) and fall (September-October) see moderate occupancy around 50-60% as visitors take advantage of shoulder season pricing and fewer crowds.
• Winter months (November-March) drop to 25-35% occupancy due to harsh weather conditions and limited tourist activities, though some properties benefit from winter sports enthusiasts.
• Powell's occupancy rates typically run 5-10 percentage points higher than Wyoming's statewide average of 40-45% due to its strategic location near major tourist attractions.

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

• The downtown Powell area near the historic district offers excellent Airbnb potential due to its walkability to local restaurants, shops, and cultural attractions.
• The neighborhoods surrounding Northwest College provide strong rental demand from visiting families, prospective students, and academic conference attendees.
• Areas near the Powell Recreation District and aquatic center appeal to families and sports teams, offering reliable occupancy during tournaments and events while maintaining moderate pricing around $70-100 nightly.
• The residential zones along Lane 11 and nearby agricultural areas attract guests seeking authentic ranch experiences and proximity to Yellowstone National Park.
• Neighborhoods close to the Heart Mountain Interpretive Center draw history enthusiasts and educational tourists, providing steady bookings with cultural significance adding pricing power.
• The areas near Powell Valley Healthcare and medical facilities serve medical tourists and visiting families, ensuring consistent demand year-round with less seasonal fluctuation.
• Properties situated between Powell and the Shoshone River corridor offer scenic views and outdoor recreation access.

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

• Short-term rental regulations in Powell, Wyoming are relatively minimal compared to larger municipalities.
• Property owners typically must comply with standard business licensing requirements through the city clerk's office.
• 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 not enforced for short-term rentals in Powell, allowing for non-resident ownership and management.
• Zoning restrictions permit short-term rentals in most residential zones as an accessory use, though commercial zoning may be required for properties operating as full-time rental businesses.
• The registration process involves obtaining a basic business license and ensuring compliance with fire safety codes and health department regulations when applicable.

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

• Short-term rentals in Powell, Wyoming are subject to several fees and taxes including Wyoming's statewide lodging tax of 4% on gross receipts.
• Property owners must obtain a business license from the City of Powell costing around $25-50 annually, register for a Wyoming sales tax permit (free).
• Tourism promotion taxes of 1-2% may apply in certain areas, and operators must collect and remit Wyoming state sales tax of 4% plus local sales tax of approximately 1-2%.
• Annual compliance and inspection fees can range from $50-150, while some properties may require additional permits for fire safety or health department approval costing $75-200.
• Property taxes on short-term rental properties are assessed at commercial rates rather than residential rates, typically resulting in higher tax obligations.