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Laramie

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Laramie, WY

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Laramie, Wyoming skyline

STR Regulations for Laramie, Wyoming

Overview: Are Short-Term Rentals Allowed in Laramie, WY?

YES - Short-term rentals are currently allowed in Laramie, Wyoming with no specific city zoning regulations governing short-term rentals as of 2025. However, this regulatory landscape is evolving, and investors should be prepared for potential future regulations.

Key Points:

  • STRs are classified as "transient lodging" and specifically exempt from Laramie's Rental Housing Code (LMC 8.80.020)
  • No dedicated zoning regulations for STRs have been codified
  • All STR units must comply with existing zoning regulations for residential units
  • The city council is actively investigating potential regulations, with discussions ongoing

How to Start a Short-Term Rental Business in Laramie

Step 1: Verify Zoning Compliance

  • Confirm that your property is in a zone that permits residential rental activities
  • Check with the Planning Division at (307) 721-5271 to verify zoning compliance
  • Properties must conform to all standard zoning requirements for residential uses

Step 2: Obtain Business License

Step 3: Ensure Safety Compliance

While no specific STR safety inspections are mandated, ensure compliance with:

  • Working smoke detectors in every bedroom and common area
  • Carbon monoxide detectors on levels with fuel-burning appliances
  • Fire extinguishers easily accessible to guests
  • Emergency evacuation plans posted in visible locations

Step 4: Register for Tax Collection

  • Register with Wyoming Department of Revenue for lodging tax collection
  • Collect and remit applicable taxes (see tax section below)

Step 5: Establish Local Management

  • Designate a local contact person available 24/7
  • Provide contact information to adjacent property owners
  • Implement systems to respond to complaints within reasonable timeframes

Required Documents, Permits, Licenses, and Guidelines

Business License

  • Required: Yes
  • Issuing Authority: City of Laramie, City Clerk's Office
  • Fee: $20/year or $40/two years per dwelling unit
  • Application Process: Online application with habitability checklist
  • Renewal: Annual or biennial

Habitability Checklist

  • Required: Yes (for rental housing registration)
  • Content: Basic habitability standards verification
  • Submission: With business license application

Certificate of Occupancy

  • Required: Yes (demonstrating compliance with building codes)
  • Issuing Authority: Building Safety Division
  • Process: Standard building code compliance verification

Tax Registration

  • Required: Yes
  • Authority: Wyoming Department of Revenue
  • Process: Register for lodging tax collection

Insurance Requirements

  • Recommended: Comprehensive liability coverage ($1 million minimum)
  • Required: Proof of adequate insurance for business license application

Specific Regulations for STRs

City of Laramie Regulations

Current Status: No specific STR zoning regulations exist

Exempt Status:

  • STRs classified as "transient lodging" under LMC 8.80.020
  • Specifically exempt from Laramie Rental Housing Code
  • "Transient lodging" defined as occupancy for less than 30 consecutive days

Compliance Requirements:

  • Must comply with all other zoning regulations
  • Units must meet household requirements
  • Accessory buildings must comply with zoning standards
  • Must comply with nuisance ordinances (parking, noise, safety)

Operational Limitations:

  • No specific occupancy limits mandated by city
  • No specific parking requirements mandated by city
  • Noise ordinances apply (10 PM - 7 AM quiet hours)
  • Safety standards apply through building codes

Albany County Regulations

Current Status: County has not adopted specific STR regulations

County Position:

  • County has not adopted building codes
  • Zoning authority exists but no specific STR regulations enacted
  • Active discussion and research ongoing regarding potential regulations

Key Considerations:

  • County recognizes impacts of STRs on housing supply
  • Enforcement of STRs considered difficult and time-consuming
  • Planning department studying regulatory options

Wyoming State Regulations

Statewide Framework:

  • Minimal statewide regulation of STRs
  • State grants authority to municipalities and counties for local regulation
  • State sales tax applies (4% on lodging)
  • Local lodging taxes may apply

Tax Obligations:

  • Wyoming State Sales Tax: 4% on all rental income
  • Albany County Lodging Tax: 4% additional
  • City of Laramie Accommodation Tax: 2% municipal tax
  • Taxes must be collected from guests and remitted quarterly

Contact Information

City of Laramie

Primary Contact: City Clerk's Office

Planning Division

Code Administration

  • Phone: (307) 721-5271
  • For: Safety inspections and compliance issues

Online Applications:

Albany County

Planning Department

Wyoming State

Department of Revenue

Sources

  1. Laramie City Council STR Discussion - www.cityoflaramie.org/AgendaCenter/ViewFile/Item/18900?fileID=26811
  2. Laramie Rental Housing Code - www.cityoflaramie.org/1207/Rental-Housing-Code
  3. Laramie Municipal Code 8.80 - library.municode.com/wy/laramie/codes/code_of_ordinances?nodeId=TIT8HESA_CH8.80LAREHOCO
  4. Albany County STR Memorandum - www.albanycountywy.gov/DocumentCenter/View/5987
  5. Wyoming STR Regulations Overview - www.checkmaterentals.com/blog/wyoming-short-term-rental-regulations

Investment Outlook

Current Market Conditions:

  • Estimated 150 STR properties within city limits
  • 89% are entire-unit rentals
  • Average daily rate of $136.03 for Albany County
  • Year-round occupancy rate between 30-40%

Regulatory Risk:

  • City actively considering implementing STR regulations
  • Nearby Wyoming cities (Cody, Pinedale) have implemented comprehensive regulations
  • Monitoring of state and local developments recommended

Recommendation: While current regulations are permissive, investors should prepare for potential future regulations by:

  • Implementing professional management standards
  • Maintaining comprehensive insurance
  • Establishing strong community relationships
  • Staying informed through city council meetings and planning department communications

The regulatory environment remains fluid, but current conditions provide opportunity for compliant operators who anticipate future regulatory developments.

Laramie

Market Saturation Score

036912
High Saturation
9/ 12
months with declining YoY revenue
8–10 declining months: high saturation - supply likely outpacing demand.
View Full Laramie Market Analysis →

Photos of Laramie

Overview of Laramie

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.

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