Performance indicators for the Laramie short-term rental market based on reliable data.
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The highest-performing listings in Laramie.
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Generally Investor friendly
STRs are explicitly permitted and exempt from the rental housing code, requiring only a low‑cost business license ($20/year) and standard habitability checklist with basic safety expectations, with no occupancy or parking caps and only routine nuisance rules. Taxes and local management add modest cost, and enforcement is routine while the city studies future rules, leaving the overall burden manageable for investors.
Local STR Agent
STR specialist · Laramie, WY
Laramie, Wyoming, a city nestled in the southeastern part of the state, offers a unique appeal for short-term rentals. With a population of approximately 32,000, Laramie provides a small-town atmosphere while being only about 50 miles west of Cheyenne, the state capital.
Laramie is home to the University of Wyoming, a key landmark in the city. The university not only influences the town's vibrant educational and cultural environment but also creates a consistent demand for short-term rentals from visiting academics, parents, and potential students. More information about the University of Wyoming can be found on their official website.
Another significant draw for visitors is the city's rich historical background, showcased at the Wyoming Territorial Prison State Historic Site. This well-preserved penitentiary once held the infamous outlaw Butch Cassidy and is now a museum offering a glimpse into the Old West. For more details, visit the Wyoming Territorial Prison's website.
Outdoor enthusiasts are also attracted to Laramie due to its proximity to the Medicine Bow-Routt National Forests, offering activities such as hiking, fishing, and skiing. The Snowy Range, part of these forests, is a notable spot for skiing in the winter and hiking in the summer. Information about these recreational areas can be accessed through the U.S. Forest Service website.
Additionally, the city hosts various seasonal events, such as the Jubilee Days, which celebrate Wyoming's statehood with a week-long rodeo, carnival, and parades. These events increase the influx of tourists looking for short-term accommodations.
In conclusion, Laramie, WY, provides an attractive environment for short-term rentals due to its educational institutions, historical sites, outdoor recreational opportunities, and vibrant local events. With its charming community feel and strategic location near Cheyenne, Laramie stands out as a dynamic destination for renters.
