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

Cody Short-Term Rental Market Overview

Cody, WY sits at the eastern gateway to Yellowstone National Park, making it a magnet for seasonal tourism that drives substantial short-term rental demand during summer months. With 98 active Airbnb listings and an average annual revenue of $38,548 per property, the market offers a compelling revenue-to-price relationship despite its pronounced seasonality. The ROI score of 57 out of 100 reflects above-average occupancy stability and balanced supply-demand dynamics, positioning Cody as an attractive opportunity for investors comfortable with a tourism-driven cycle.

Key Market Statistics

According to Rabbu market data, the Cody 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 Cody

Cody's proximity to Yellowstone National Park creates a concentrated but powerful demand driver that, when paired with reasonable property values and above-average occupancy stability, makes it a market worth serious consideration for seasonal STR strategies.

Expert Market Assessment

"Cody presents an attractive but distinctly seasonal investment opportunity. The revenue curve is dramatic — July listings average $8,236 while January drops to just $756, creating a roughly 11:1 peak-to-trough ratio that investors must plan around. That said, above-average occupancy stability and a balanced supply-demand environment suggest the market isn't overbuilt, and the concentration of revenue into a five-month window from May through September still delivers meaningful annual income. Investors who can carry costs through the quiet winter months and optimize pricing during summer stand to benefit from this Yellowstone-adjacent market."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Cody

Average revenue by month in Cody

Cody's revenue cycle is one of the most seasonal you'll find — July peaks at $8,236 per listing while February bottoms out at just $724, a spread of more than 11x. The five-month window from May through September accounts for the vast majority of annual income, making summer pricing optimization critical for maximizing returns.

Active Airbnb listings by property size in Cody

Two-bedroom listings dominate Cody's supply at 39 units (40% of the market), followed by 27 one-bedroom properties. Larger homes are notably scarce, with only 9 four-bedroom listings — a potential opportunity gap given that 4-bedroom properties generate the highest revenue and RevPAN in the market.

Average daily rate (ADR) by property size in Cody

ADR scales sharply with size in Cody: 1-bedroom listings average $150 per night while 4-bedroom properties command $369, nearly 2.5x as much. The jump from 3-bedroom ($205) to 4-bedroom ($369) is especially steep, suggesting strong guest willingness to pay a premium for larger group-friendly accommodations near Yellowstone.

Average RevPAN by property size in Cody

Four-bedroom properties lead RevPAN decisively at $98 per available night — more than double the next closest size category (3-bedroom at $43). One- and 2-bedroom units cluster tightly at $40 and $37 respectively, indicating that larger properties deliver meaningfully better revenue efficiency despite similar occupancy rates.

Average occupancy rates by property size in Cody

Occupancy rates are relatively flat across property sizes, ranging from 21% for 3-bedroom units to 27% for both 1-bedroom and 4-bedroom listings. This consistency suggests that the seasonal demand pattern affects all property types similarly, and the revenue advantage of larger properties comes primarily from higher nightly rates rather than more booked nights.

Average monthly revenue by property size in Cody

Monthly revenue climbs steadily with property size, from $2,658 for 1-bedroom units to $5,217 for 4-bedroom homes. The 4-bedroom category earns nearly double what a 1-bedroom generates, making it the clear top performer — though investors should weigh the higher acquisition and maintenance costs of larger properties.

Average annual revenue by property size in Cody

Four-bedroom properties in Cody generate the strongest annual revenue at $62,607, nearly double the $31,906 earned by 1-bedroom units. Three-bedroom homes at $41,698 annually represent a solid middle ground, offering above-market-average returns without the higher carrying costs of the largest properties.

Most common amenities for Airbnb listings in Cody

Parking is universal at 100% of Cody listings — unsurprising for a drive-to Yellowstone gateway town — while kitchens (95%), washers (87%), and self check-in (87%) round out the near-essential amenities. Outdoor features like patios (54%), backyards (53%), and BBQ grills (50%) appear in roughly half of listings, signaling that guests value outdoor living space, and adding these features could help a property stand out in a competitive summer market.

Understanding Cody's ROI Score: 57/100

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

Cody's ROI score of 57 out of 100 places it in the 'Attractive Opportunity' band, driven by above-average occupancy stability and an average revenue-to-price ratio that keeps the investment calculus reasonable. The below-average market growth trend warrants attention — rapid listing growth (170% YoY) without proportional demand increases could soften per-listing performance over time. Investors should pair this data with thorough local regulatory research and conservative seasonal cash-flow modeling before committing capital.

Short-Term Rental Regulations in Cody

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

Permit Requirements

Short-term rental operators in Cody, Wyoming may be required to obtain permits or register their property with local authorities. Investors should verify current STR licensing requirements directly with the City of Cody and Park County before listing a property.

Key Restrictions

Common restrictions that may apply to STR properties in Cody include occupancy limits, noise ordinances, parking requirements, and potential HOA restrictions for properties in managed communities. Some jurisdictions in Wyoming also impose minimum stay requirements or cap the number of active STR permits, so it's important to confirm these details with local planning and zoning offices.

Tax Obligations

Short-term rental hosts in Wyoming are generally subject to state sales tax and local lodging taxes, which may be collected and remitted by platforms like Airbnb on the host's behalf. Investors should confirm their specific obligations with the Wyoming Department of Revenue and Park County to ensure full compliance.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Cody's short-term rental market is expected to remain tightly tied to Yellowstone visitation patterns, with peak revenues concentrated from May through September. ADR may see modest increases in the range of 2–5% during summer months as national park tourism continues its post-pandemic strength, though winter occupancy is likely to stay in the low single digits as a percentage of peak performance. The 170% year-over-year growth in active listings signals rising investor interest, which could put downward pressure on occupancy if supply continues to outpace demand growth. Investors entering now should plan conservatively around the off-season and budget for several months of minimal income between November and March."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Cody, WY

What is the average Airbnb occupancy rate in Cody?

The average occupancy rate for Airbnb listings in Cody is currently 24%, which is below the Wyoming state average of 48%. This reflects the market's heavy seasonal concentration — occupancy surges during the summer tourism season tied to Yellowstone National Park and drops significantly in winter. Occupancy rates vary by property size, with 1-bedroom and 4-bedroom properties both averaging 27%, while 2-bedroom and 3-bedroom units come in slightly lower at 23% and 21% respectively.

How much do Airbnb hosts make in Cody?

Airbnb hosts in Cody earn an average of $3,212 per month and approximately $38,548 per year based on trailing 12-month booking data. Revenue varies significantly by property size: 1-bedroom units average about $31,906 annually, while 4-bedroom properties generate roughly $62,607 per year. The bulk of this income is earned during the peak summer months, with July alone averaging $8,236 per listing.

Is Cody a good market for Airbnb investment?

Cody scores a 57 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' category. The market benefits from above-average occupancy stability and a balanced supply-demand environment, though its market growth trend is below average. With average home values around $702,031 and annual STR revenue averaging $38,548, the revenue-to-price ratio is considered average. Investors who can manage the pronounced seasonality — with revenues peaking dramatically from June through August — may find Cody a rewarding market, particularly with larger properties that command premium nightly rates.

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

The average daily rate for Airbnb listings in Cody is $193, which is considerably lower than the Wyoming state average of $569. ADR scales with property size: 1-bedroom units average $150 per night, 2-bedrooms average $165, 3-bedrooms reach $205, and 4-bedroom properties command $369 per night. These rates reflect Cody's positioning as an accessible gateway town rather than a luxury resort destination.

Are short-term rentals legal in Cody?

Short-term rentals generally operate in Cody, WY, but specific permit requirements, zoning restrictions, and registration obligations may apply. Investors should check directly with the City of Cody and Park County for the latest regulations before purchasing or listing an STR property. Local ordinances can change, so staying current with municipal guidance is essential.

When is peak season for Airbnb in Cody?

Peak season in Cody runs from June through August, driven by summer tourism to nearby Yellowstone National Park. July is the strongest month by far, with average per-listing revenue reaching $8,236. June ($6,053) and August ($6,607) are also robust. The shoulder months of May ($3,617) and September ($4,699) still produce meaningful income. Winter months from November through March are the slowest period, with monthly revenues ranging from roughly $724 to $1,310.

How many Airbnbs are there in Cody?

As of April 2026, there are 98 active Airbnb listings in Cody. The supply is concentrated in smaller properties: 2-bedroom listings lead with 39 units, followed by 27 one-bedroom units, 16 three-bedroom properties, and 9 four-bedroom homes. The market has seen significant growth, with active listings increasing 170% year over year.

How is Airbnb revenue calculated in Cody?

The annual and monthly revenue figures for Cody 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 remaining data up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance window. 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 Cody, WY market
• Average daily rates, occupancy rates, and RevPAN metrics across property sizes
• Monthly and annual revenue trends based on trailing 12-month booking data
• Property value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data for active listings to inform competitive positioning

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 or regulatory changes. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.