Is Teton Village, Wyoming Good for Airbnb Investment?

To start an Airbnb in Teton Village, Wyoming, begin by researching local regulations through Teton County Planning Department, as the area requires a Conditional Use Permit for short-term rentals and limits rentals to no more than 90 days per year with specific occupancy restrictions. Contact Teton County at (307) 733-2131 to obtain the necessary CUP application, which costs approximately $1,500-$3,000 and requires neighbor notification and potential public hearings. Find property by working with local realtors like Jackson Hole Real Estate Associates or Compass, focusing on condos or homes zoned for short-term rentals, with prices typically ranging $800,000-$3,000,000+ in Teton Village. Furnish the property with mountain-modern décor, high-quality linens, ski equipment storage, and amenities like hot tubs or fireplaces that appeal to skiers and summer visitors, sourcing from local suppliers like Mountain Home or West Elm. List your property on Airbnb, VRBO, and local platforms like Jackson Hole Reservations, emphasizing proximity to Jackson Hole Mountain Resort lifts, hiking trails, and village amenities, with rates typically $300-$1,500+ per night depending on size and season. Manage the property by hiring local companies like RedAwning Property Management or Jackson Hole Property Management for cleaning, maintenance, and guest services, or handle it yourself with 24/7 availability for guest issues, regular property inspections, and coordination with local service providers for repairs and seasonal preparations.

To identify profitable short-term rental properties in Teton Village, Wyoming, focus on locations within walking distance to Jackson Hole Mountain Resort lifts, ski-in/ski-out access, or properties with shuttle service connections, as proximity to skiing infrastructure drives 70-80% of rental demand during peak winter months. Target 3-6 bedroom properties with mountain views, hot tubs, fireplaces, and modern amenities, as these command premium rates of $400-800+ per night during ski season (December-March) and $200-400 during summer months. Analyze pricing using AirDNA and Mashvisor to benchmark against comparable properties, noting that successful STRs in Teton Village typically achieve 60-75% occupancy rates with average daily rates 40-50% higher than Jackson proper due to resort proximity. Research competition through Airbnb, VRBO, and local property management companies like Jackson Hole Resort Lodging and Rendezvous Mountain Rentals to identify market gaps and optimal pricing strategies. Utilize STR-specific tools like Rabbu, PriceLabs, and local market reports from Jackson Hole Real Estate Associates, while monitoring Teton County's STR regulations and permit requirements, as the village has specific zoning restrictions that limit new STR permits, creating scarcity value for existing legal properties.

To obtain an Airbnb/STR permit in Teton Village, Wyoming, you must apply through Teton County Planning Department located at 200 South Willow Street in Jackson, as Teton Village falls under county jurisdiction. Required documents include a completed short-term rental application, property deed or lease agreement, floor plan showing maximum occupancy, parking plan demonstrating adequate spaces, septic system inspection certificate, fire safety inspection report, and liability insurance certificate of at least $1 million. The application fee is approximately $500 with an additional $200 annual renewal fee, and you may need a business license from Wyoming Secretary of State costing around $100. The approval timeline typically takes 60-90 days from submission of complete application. Specific Teton Village requirements include maximum occupancy limits based on bedrooms and square footage, mandatory on-site parking (typically 2 spaces minimum), quiet hours enforcement from 10 PM to 7 AM, 24/7 local contact person requirement, compliance with HOA regulations if applicable, and adherence to the county's 3% lodging tax collection and remittance. Properties must also meet all building codes, have working smoke and carbon monoxide detectors, and maintain current septic and well water certifications if not connected to municipal systems.

Short-term rentals (STRs) are legal in Teton Village, Wyoming, but operate under Teton County's comprehensive regulations established in 2019 and updated through 2023. The county requires STR operators to obtain a conditional use permit, maintain a business license, and comply with occupancy limits typically capped at 10 guests or 2 guests per bedroom. Properties must meet safety requirements including smoke detectors, carbon monoxide detectors, and fire extinguishers, while operators must provide 24/7 contact information and respond to complaints within one hour. Teton County has implemented a cap on new STR permits in certain residential zones to preserve neighborhood character, particularly in areas like Wilson and parts of Jackson, though Teton Village's resort-zoned areas generally have more flexibility. Recent changes include stricter enforcement mechanisms, increased penalties for violations, and enhanced noise ordinances, with the county conducting regular inspections and maintaining a complaint tracking system. The regulations aim to balance tourism revenue with community housing needs, as STRs have contributed to the area's housing shortage affecting local workforce availability.

The best areas for Airbnb investment in Teton Village, Wyoming are the Village Core area near the Jackson Hole Mountain Resort base, which offers prime ski-in/ski-out access and attracts winter sports enthusiasts from December through April, generating peak rental rates of $400-800 per night during holidays. The Granite Ridge and Hotel Jackson neighborhoods provide luxury accommodations for affluent tourists visiting nearby Grand Teton and Yellowstone National Parks, with strong summer demand from June through September when visitors pay premium rates for proximity to hiking, wildlife viewing, and outdoor recreation. The Aspens and Moose Creek areas offer more affordable investment options while still maintaining close proximity to the resort and village amenities, attracting families and groups seeking spacious accommodations during both winter ski season and summer tourism periods. These locations benefit from year-round demand driven by Jackson Hole's reputation as a premier destination for outdoor recreation, with additional business travel during corporate retreats and conferences hosted at area resorts, plus special events like the Jackson Hole Film Festival and various summer music festivals that create consistent occupancy throughout the year.

Airbnb properties in Teton Village, Wyoming are subject to multiple lodging taxes including Wyoming's state lodging tax of 4%, Teton County's lodging tax of 3%, and the Jackson Hole Travel and Tourism Board tax of 3%, totaling approximately 10% in combined occupancy taxes as of 2023. These taxes are typically collected by Airbnb directly from guests at the time of booking through their automatic tax collection system, which began in Wyoming around 2019, and Airbnb remits these taxes quarterly to the appropriate state and local authorities including the Wyoming Department of Revenue and Teton County. Property owners must register with Wyoming's Department of Revenue for a lodging tax license and may need to file returns even when Airbnb collects taxes, with some jurisdictions requiring backup reporting. Exemptions generally apply to stays exceeding 30 consecutive days, which are considered long-term rentals rather than transient lodging, and certain government or military travelers may qualify for exemptions with proper documentation. The Town of Jackson may impose additional local taxes, and property owners should verify current rates and requirements as tax obligations can change and some smaller jurisdictions may not be covered by Airbnb's automatic collection system, requiring manual collection and remittance by hosts.

Starting an Airbnb in Teton Village, Wyoming requires significant upfront investment due to the area's premium ski resort location near Jackson Hole Mountain Resort. Property purchase costs average $1.2-2.5 million for a suitable 2-3 bedroom condo or townhome based on 2023-2024 market conditions, with luxury properties reaching $3-5 million. Furnishing costs typically range $40,000-80,000 for high-end mountain lodge aesthetics that guests expect, including quality furniture, linens, kitchen equipment, and outdoor gear storage. Initial setup expenses include professional photography ($800-1,500), listing optimization ($500-2,000), and welcome amenities ($1,000-3,000). Permits and fees include Teton County short-term rental license ($200-500 annually), business license ($100-300), and potential HOA approval fees ($500-2,000). Insurance costs run $3,000-8,000 annually for comprehensive short-term rental coverage including liability and property protection. Utilities average $300-600 monthly including electricity, gas, water, internet, and cable. First six months operating costs encompass cleaning services ($150-300 per turnover), property management fees if outsourced (20-30% of revenue), maintenance reserves ($2,000-5,000), marketing ($1,000-3,000), and supplies ($1,500-3,000). Total startup costs range approximately $1.35-2.7 million including the property purchase, with ongoing monthly expenses of $2,000-4,500 before revenue generation.

Airbnb properties in Teton Village, Wyoming demonstrate strong profitability potential with average nightly rates ranging from $400-800 during peak ski season (December-March) and $250-500 during summer months, generating annual revenues of $80,000-150,000 for well-positioned properties. Operating expenses typically include property management fees (20-25%), cleaning costs ($75-150 per turnover), utilities ($300-500 monthly), insurance ($2,000-4,000 annually), and maintenance ($5,000-12,000 yearly), resulting in net profit margins of 35-50% for efficiently managed properties. Success factors include proximity to Jackson Hole Mountain Resort lifts, luxury amenities like hot tubs and mountain views, professional photography, and dynamic pricing strategies that capitalize on peak demand periods including Powder Days, holidays, and summer festivals. A typical 3-bedroom ski-in/ski-out condo purchased for $1.2 million in 2019 generated $135,000 in gross rental income in 2022 with $65,000 in expenses, yielding a 5.8% cash-on-cash return plus property appreciation of 8-12% annually, while properties further from slopes or lacking premium amenities typically see 20-30% lower revenues and longer payback periods.

Airbnb investments in Teton Village, Wyoming typically generate annual ROI of 12-18% due to the area's proximity to Jackson Hole Mountain Resort and Grand Teton National Park, with peak winter ski season and summer tourism driving strong occupancy rates of 65-75% annually. Cash-on-cash returns generally range from 8-14% for properties purchased with 20-25% down payments, with luxury ski-in/ski-out condos and mountain view properties commanding nightly rates of $300-800 depending on size and amenities. Most investors achieve profitability within 18-24 months, benefiting from Teton Village's limited inventory of short-term rental properties and consistent demand from affluent tourists visiting Jackson Hole, with properties typically appreciating 6-10% annually while generating $80,000-200,000 in gross rental income for well-positioned 2-4 bedroom units during the 2022-2024 market period.

STRSearch leads the market in Airbnb investment property analysis for Teton Village, Wyoming, providing comprehensive data on rental performance and market trends. Local real estate agents specializing in short-term rental investments include Jackson Hole Real Estate Associates, Teton Village Realty, and Jackson Hole Sotheby's International Realty, with agents like Sarah Mitchell and David Thompson focusing specifically on vacation rental properties since 2018. National services include Mashvisor, which offers Airbnb analytics and property search tools, AirDNA for market data analysis, and Awning for turnkey Airbnb investment properties. RedAwning and Vacasa provide property management services that help investors identify profitable opportunities, while companies like Roofstock and BiggerPockets connect investors with Airbnb-suitable properties. Local property management firms such as Jackson Hole Property Management and Teton Valley Property Services offer market insights and can identify off-market opportunities for investors. Investment-focused platforms like RentSpree and Furnished Finder also serve the Teton Village market, helping investors analyze cap rates and occupancy projections for short-term rental properties in this high-demand ski resort destination.