Cheyenne, WY
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Cheyenne short-term rental market based on reliable data.
Listings
249 / 690
Reliable / Active
Cap Rate
6%
Middle-Earners Gross Yield
Revenue
$21,527
Middle-Earners Revenue
Occupancy
79%
Middle-Earners Occupancy
Home Value
$374,675
Median Home Sale Price
Top Earners
$36,727
Top-Earners Revenue
Cheyenne
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Cheyenne.
Loading top listings...
Generally Investor friendly
Cheyenne Regulations
Short-term rentals are permitted with clear licensing (Lodging Facility License ~$150/year, Business License, and possible Special Use Permit in some residential zones) but no hard caps; zoning rules and spacing requirements are moderate. Compliance processes are well documented, tax obligations are typical, and enforcement is consistent, making Cheyenne manageable for investors.
Local STR Agent
STR specialist · Cheyenne, WY
About Cheyenne
Cheyenne, Wyoming, the state capital, offers a unique appeal for short-term rentals, combining the charm of the Old West with modern amenities. With a population of approximately 65,000, Cheyenne is a relatively small city that provides a more relaxed and welcoming atmosphere. It's located about 100 miles north of Denver, Colorado, making it a convenient location for visitors seeking a quieter experience away from a major metropolitan area.
Cheyenne boasts several notable landmarks that attract tourists year-round. One of the most popular attractions is the Cheyenne Frontier Days, an annual event that features one of the largest rodeos in the world. For more information, visit their official website. History enthusiasts will enjoy the Wyoming State Museum, which provides exhibits on the state's natural and cultural history. Details can be found on their website.
Additional landmarks include the Cheyenne Botanic Gardens, a beautiful oasis that offers a range of gardens and educational exhibits. More details are available on their website. The Union Pacific Railroad Depot, a national historic landmark, houses the Cheyenne Depot Museum, focusing on the history of the railroad in the region. For more on the museum, visit their website.
Given these attractions and its proximity to Denver, Cheyenne is an ideal spot for short-term rentals. Visitors can enjoy a blend of historical and cultural experiences without the hustle and bustle of a large city.