Casper, WY Airbnb Market Data, Statistics, and Occupancy Rates

Casper Short-Term Rental Market Overview

Casper, WY is a small but active short-term rental market with 111 active Airbnb listings and an average annual revenue of $21,577 per property. The market's $146 average daily rate sits well below the Wyoming state average of $569, while 35% occupancy trails the 48% state benchmark — signaling that returns here depend heavily on property selection and pricing strategy. With an average home value of $464,119 and a competitive ROI score of 50 out of 100, Casper rewards investors who source deals carefully rather than those expecting effortless cash flow.

Key Market Statistics

According to Rabbu market data, the Casper short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Casper

Investors look at Casper for its relatively affordable home prices paired with year-round demand driven by energy-sector workers, outdoor recreation, and regional events.

Expert Market Assessment

"Casper presents a moderate opportunity for STR investors willing to be selective. The ROI score of 50 reflects a below-average revenue-to-price ratio and a supply-demand balance that leans competitive, meaning not every property will pencil out. That said, the market's pronounced seasonality — with monthly revenue climbing from $699 in February to $2,539 in October — rewards operators who optimize pricing during the long peak season. Investors targeting 2-bedroom or 4-bedroom configurations will find the strongest occupancy and RevPAN metrics, making those the most defensible bets in this market."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Casper

Average revenue by month in Casper

Casper's STR revenue follows a clear seasonal arc, bottoming out at $699 in February and peaking at $2,539 in October — a spread of over 3.6x. The June-through-December stretch consistently delivers $2,000+ months, giving investors a long high-revenue window to offset the slower winter period.

Active Airbnb listings by property size in Casper

Two-bedroom listings dominate supply with 43 of 111 active properties, followed by 1-bedrooms at 26 and 3-bedrooms at 23. Four-bedroom homes are the scarcest at just 13 listings, which may represent an undersupplied niche given their strong revenue and RevPAN performance.

Average daily rate (ADR) by property size in Casper

ADR climbs steadily from $91 for 1-bedroom units to $194 for 3-bedrooms, though 4-bedroom properties actually slip slightly to $184 — suggesting the market has a pricing ceiling for larger homes. The sharpest rate jump occurs between 2-bedrooms ($117) and 3-bedrooms, where the $77 premium could appeal to investors with properties that accommodate families or groups.

Average RevPAN by property size in Casper

Four-bedroom properties lead RevPAN at $58 per available night, followed by 2-bedrooms at $49, while 1-bedrooms and 3-bedrooms earn $36 and $41 respectively. The relatively weak RevPAN for 3-bedroom listings — despite their high ADR — reflects their notably low 21% occupancy rate, making them the riskiest size category from a revenue-efficiency standpoint.

Average occupancy rates by property size in Casper

One- and 2-bedroom listings maintain the healthiest occupancy rates at 40% and 42%, respectively, while 3-bedroom properties lag significantly at just 21%. Four-bedroom units sit at a moderate 32%, but their higher nightly rate compensates enough to make them the top RevPAN earners — an important nuance for investors weighing occupancy against total revenue.

Average monthly revenue by property size in Casper

Monthly revenue scales predictably with size, from $1,127 for 1-bedroom units up to $2,539 for 4-bedroom properties. The jump from 3-bedroom ($1,868) to 4-bedroom is the largest at $671 per month, reinforcing the case for larger homes if acquisition costs remain manageable.

Average annual revenue by property size in Casper

Four-bedroom properties lead with $30,469 in average annual revenue — more than double the $13,532 generated by 1-bedroom listings. Two-bedroom units at $18,829 and 3-bedrooms at $22,424 fill the middle tier, making 4-bedrooms the clear top performers for investors focused on maximizing gross revenue.

Most common amenities for Airbnb listings in Casper

Kitchens (97%), parking (96%), and self check-in (91%) are near-universal across Casper's listings, reflecting a market dominated by drive-to guests who value convenience and self-sufficiency. Differentiators like hot tubs (3%) and EV chargers (2%) are extremely rare, presenting potential competitive advantages for hosts willing to invest in premium amenities.

Understanding Casper's ROI Score: 50/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Casper's ROI score of 50 out of 100 places it in the 'Competitive Opportunity' band, reflecting a below-average revenue-to-price ratio and a supply-demand balance that leans tight. Occupancy stability and market growth both register as average, meaning the fundamentals are present but not exceptional — investors need to be thoughtful about acquisition price and property type to achieve solid returns. Pairing this data with thorough local regulatory research and a clear understanding of Casper's seasonal revenue patterns will help separate viable deals from marginal ones.

Short-Term Rental Regulations in Casper

Understanding local STR regulations is essential before investing in Casper. Here's the current regulatory landscape:

Permit Requirements

The City of Casper and the State of Wyoming may require short-term rental operators to obtain permits or register their properties before listing them on platforms like Airbnb. Investors should verify current requirements directly with the Casper city clerk's office and the Wyoming Secretary of State.

Key Restrictions

Common short-term rental restrictions in markets like Casper can include occupancy limits, noise ordinances, parking requirements, and minimum-stay mandates. HOA covenants may also prohibit or restrict STR activity in certain neighborhoods, so it's important to review any applicable deed restrictions before purchasing.

Tax Obligations

Wyoming does not impose a state income tax, but STR operators in Casper should expect to collect and remit local lodging taxes and any applicable state sales tax on rental income. Many booking platforms handle tax collection automatically, though hosts are responsible for confirming compliance with Natrona County and city requirements.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Casper can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Casper's STR market is likely to remain stable but competitive. Seasonal patterns show revenue roughly tripling from winter lows to fall highs, so investors should plan for lean months in January and February while capitalizing on the June-through-December peak window. Listing growth has been modest at 102% year-over-year, suggesting supply and demand are tracking close together. ADR increases of 1–3% are plausible if occupancy holds steady, though individual results will hinge on property quality and positioning within the market."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Casper, WY

What is the average Airbnb occupancy rate in Casper?

The average Airbnb occupancy rate in Casper is currently 35%, which falls below the Wyoming state average of 48%. Occupancy varies significantly by property size, with 2-bedroom units leading at 42% and 3-bedroom properties trailing at 21%. Investors can often improve on market averages through competitive pricing, strong amenities, and flexible booking policies.

How much do Airbnb hosts make in Casper?

On average, Airbnb hosts in Casper earn approximately $1,798 per month or $21,577 per year based on the trailing 12 months of booking data. Revenue scales with property size — 1-bedroom listings average $13,532 annually while 4-bedroom properties earn roughly $30,469. Actual earnings depend on factors like location within Casper, listing quality, pricing strategy, and guest reviews.

Is Casper a good market for Airbnb investment?

Casper scores a 50 out of 100 on Rabbu's ROI Score, placing it in the 'Competitive Opportunity' category. This means investor interest and demand exist, but higher home prices relative to rental income and tighter competition require more careful deal selection. Investors who target the right property size — particularly 4-bedroom homes with a $58 RevPAN — and manage costs effectively can find workable returns in this market.

What is the average daily rate (ADR) for Airbnb in Casper?

The average daily rate for Airbnb listings in Casper is $146, significantly lower than the Wyoming state average of $569. ADR varies by property size: 1-bedroom units average $91, 2-bedrooms come in at $117, and 3-bedroom properties command the highest rate at $194. Four-bedroom listings average $184, suggesting a slight pricing ceiling at the larger end.

Are short-term rentals legal in Casper?

Short-term rentals are generally permitted in Casper, WY, though operators may need to obtain local permits or register with the city. Regulations can evolve, so prospective investors should check with the City of Casper and Natrona County for the most current rules on STR permits, zoning restrictions, and tax collection requirements before listing a property.

When is peak season for Airbnb in Casper?

Peak season for Airbnb in Casper runs from approximately June through December, with October delivering the highest average monthly revenue at $2,539. The summer months of June ($2,305) and July ($2,402) are also strong, likely driven by outdoor recreation and events. The slowest months are January ($818) and February ($699), creating a notable seasonal dip that investors should factor into cash-flow planning.

How many Airbnbs are there in Casper?

As of April 2026, there are 111 active Airbnb listings in Casper. The supply is concentrated in smaller properties, with 43 two-bedroom listings making up the largest segment, followed by 26 one-bedroom and 23 three-bedroom units. Year-over-year listing growth is at 102%, indicating that supply is holding relatively steady.

How is Airbnb revenue calculated in Casper?

The annual and monthly revenue figures for Casper are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the results up to a market-level historical average. Because each month uses its own historical performance, the figures naturally reflect seasonal peaks and slower periods like Casper's February dip and October high. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for the Casper, WY market
• Average daily rate, occupancy, and RevPAN trends by property size
• Monthly and annual revenue estimates based on trailing 12-month booking data
• Popular amenity prevalence across active listings
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.