--- title: "How Much Can Your Wyoming Property Earn? — Wyo Stays" description: "Vacation rental revenue in Sheridan County — seasonal ADR trends, occupancy rates, pricing strategy, and real numbers for Wyoming property owners." lang: en json-ld: | [ { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://wyostays.com/journal/owner-revenue-guide#article", "headline": "How Much Can Your Wyoming Property Earn?", "description": "Vacation rental revenue in Sheridan County — seasonal ADR trends, occupancy rates, pricing strategy, and real numbers for Wyoming property owners.", "datePublished": "2025-10-22", "dateModified": "2026-03-30", "author": { "@type": "Person", "name": "Dalton Goodyear", "url": "https://wyostays.com/about" }, "publisher": { "@id": "https://wyostays.com/#organization" }, "wordCount": 2000, "articleSection": "Owner Resources", "inLanguage": "en-US", "isPartOf": { "@id": "https://wyostays.com/journal#blog" }, "speakable": { "@type": "SpeakableSpecification", "cssSelector": [ ".article-intro", ".faq-answer", "[data-speakable]" ] } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Wyo Stays", "item": "https://wyostays.com" }, { "@type": "ListItem", "position": 2, "name": "Journal", "item": "https://wyostays.com/journal" }, { "@type": "ListItem", "position": 3, "name": "Owner Revenue Guide", "item": "https://wyostays.com/journal/owner-revenue-guide" } ] }, { "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "How much can a vacation rental earn in Sheridan Wyoming?", "acceptedAnswer": { "@type": "Answer", "text": "Revenue varies significantly by property type, location, and management quality. A professionally managed 2-bedroom downtown property typically earns $35,000–$55,000 annually. A 3-4 bedroom mountain cabin earns $45,000–$75,000. WYO Rodeo week alone can generate $2,000–$5,000 in 4–5 days for the right property. Professionally managed properties average 68–72% annual occupancy versus 28–35% for self-managed listings." } }, { "@type": "Question", "name": "What is the best time of year for vacation rental income in Sheridan?", "acceptedAnswer": { "@type": "Answer", "text": "July is the peak revenue month, driven by WYO Rodeo week (July 8–11, 2026) and peak summer demand. June and August are strong secondary months. September maintains good occupancy with fall outdoor visitors. December through February offers the lowest demand — but Antelope Butte ski season is creating new winter demand." } }, { "@type": "Question", "name": "What occupancy rate should I expect for a Sheridan Wyoming vacation rental?", "acceptedAnswer": { "@type": "Answer", "text": "Year 1 (realistic): 45–60% annual occupancy. Year 2 with professional management: 65–80%. Year 3+: Stabilized at 70–85% with a mix of channel and direct bookings. The biggest variable is management quality and pricing responsiveness. 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Seasonal ADR trends, occupancy rates, pricing strategy, and real numbers for Wyoming property owners. Dalton Goodyear · Oct 22, 2025 · 6 min read Sheridan County is not Teton County. That's its advantage. While Jackson Hole competes on prices that require a $1.2M median home purchase to generate a meaningful return, Sheridan's vacation rental market is still early enough that well-managed properties can hit strong occupancy rates without competing against institutional inventory. > Only 5.2% of Sheridan's short-term rentals are professionally managed. The gap in performance between that 5.2% and everyone else is not a small rounding error. > > — Sheridan Press, 2024 Sheridan Wyoming Vacation Rental Revenue by Property Type Property Type Avg Nightly Rate Avg Occupancy Est. Annual Revenue 1BR Downtown $130–$165 72% $34,000–$44,000 2BR Downtown $185–$240 68% $46,000–$60,000 3BR Downtown/Home $250–$320 65% $59,000–$76,000 2BR Mountain Cabin $175–$225 62% $40,000–$51,000 3BR Mountain Cabin $235–$300 60% $51,000–$66,000 4BR+ Large Home $350–$500 58% $74,000–$106,000 Estimates based on Wyo Stays managed portfolio data. Self-managed properties typically achieve 30–40% lower occupancy. ## Average Daily Rate by Season - **WYO Rodeo Week (July 8–13):** ADR spikes to $250–$450/night. This one week represents a disproportionate share of annual revenue. - **Peak Summer (June–August):** $150–$250/night. Occupancy in the 75–85% range for professionally managed units. - **Shoulder (May, September–October):** $110–$175/night. Occupancy drops to 50–65%, but lower overhead. October hunting season creates secondary demand. - **Off-Season (November–April):** $90–$130/night. Monthly rentals become attractive for remote workers and snowbirds. ## Occupancy: Year 1 vs. Year 2 - **Year 1 (realistic):** 45–60% annual occupancy. Revenue will likely undershoot projections. This is calibration, not failure. - **Year 2 (with professional management):** 65–80% annual occupancy. Reviews accumulate, search ranking improves, repeat guests emerge. - **Year 3+:** Stabilized at 70–85% with a mix of channel and direct bookings. The biggest variable is management quality and pricing responsiveness. Properties with dynamic pricing tools and professional photography outperform DIY operations by 20–35% in year one. ## The WYO Rodeo Effect The annual PRCA rodeo in July draws 10,000+ visitors to a county of 30,000 people. For a 3-bedroom downtown property at $180/night normally, WYO Rodeo week can realistically command $300–$400/night. That single week can represent 8–12% of annual gross revenue. ## Property Types That Perform Best - **Downtown Sheridan (2–4 bed):** Highest demand, highest ADR, easiest to fill year-round. Walkability is a genuine premium driver. - **Mountain / foothills (Story, Dayton):** Lower year-round occupancy but high summer demand from outdoor-focused guests. - **Highway corridor (south Sheridan):** Lower ADR but easier to fill with business travelers and rodeo overflow. ## The Channel Fee Problem If your property earns $200/night on Airbnb, your net is $194 after the 3% host fee. Properties that build a direct booking channel over 2–3 years consistently outperform pure-channel operators by 15–25% on net revenue. A property doing $60,000 annually converting even 30% to direct bookings saves $2,300–$3,000/year. ## What a Licensed Property Manager Does for Your Numbers - **Pricing lag:** Manual pricing can't respond fast enough to demand signals. - **Response time:** Airbnb's algorithm rewards sub-1-hour inquiry responses. - **Turnover coordination:** Same-day turnovers require logistics that break down under individual owner management. A licensed property manager with dynamic pricing tools typically offsets their management fee (usually 18–25% of gross) by recovering revenue that would otherwise be left on the table. Free Income Analysis Curious what your specific property could earn under professional management in Sheridan County? Wyo Stays provides a free income projection — no commitment. Call (307) 312-9656 or visit wyostays.com/owners. ### See What Your Property Could Earn Our revenue estimator tool runs the numbers for your specific property type, location, and availability. No commitment, no obligation — just a real projection based on current Sheridan County market data. [Revenue Estimator Tool](/owners)[Talk to the Team](/contact) ## Frequently Asked Questions How much can a vacation rental earn in Sheridan Wyoming? Revenue varies significantly by property type, location, and management quality. A professionally managed 2-bedroom downtown property typically earns $35,000–$55,000 annually. A 3-4 bedroom mountain cabin earns $45,000–$75,000. WYO Rodeo week alone can generate $2,000–$5,000 in 4–5 days for the right property. Professionally managed properties average 68–72% annual occupancy versus 28–35% for self-managed listings. What is the best time of year for vacation rental income in Sheridan? July is the peak revenue month, driven by WYO Rodeo week (July 8–11, 2026) and peak summer demand. June and August are strong secondary months. September maintains good occupancy with fall outdoor visitors. December through February offers the lowest demand — but Antelope Butte ski season is creating new winter demand. What occupancy rate should I expect for a Sheridan Wyoming vacation rental? Year 1 (realistic): 45–60% annual occupancy. Year 2 with professional management: 65–80%. Year 3+: Stabilized at 70–85% with a mix of channel and direct bookings. The biggest variable is management quality and pricing responsiveness. Properties with dynamic pricing and professional photography outperform DIY operations by 20–35% in year one. Contents - [Average Daily Rate by Season](#adr-by-season) - [Occupancy: Year 1 vs. Year 2](#occupancy) - [The WYO Rodeo Effect](#rodeo-effect) - [Property Types That Perform Best](#property-types) - [The Channel Fee Problem](#channel-fees) - [What a Licensed Property Manager Does for Your Numbers](#professional-management) Share [ Planning a trip? Browse 40+ properties across Sheridan County. 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