Mammoth Lakes, CA Airbnb Market Data, Statistics, and Occupancy Rates

Mammoth Lakes Short-Term Rental Market Overview

Mammoth Lakes stands out as a mountain resort market where ski season and summer recreation drive pronounced revenue swings throughout the year. With nearly 2,000 active Airbnb listings, a market-wide average daily rate of $436, and an average occupancy rate of 46% — slightly above California's 43% state average — the market generates roughly $40,168 in average annual revenue per listing. High home values averaging nearly $1.37 million mean investors need to be strategic about property selection, but the right deal can tap into a deep well of year-round visitor demand.

Key Market Statistics

According to Rabbu market data, the Mammoth Lakes 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 Mammoth Lakes

Mammoth Lakes attracts STR investors because of its deep seasonal tourism base, premium nightly rates, and a dual-season demand pattern that extends earning potential beyond just ski months.

Expert Market Assessment

"Mammoth Lakes presents a competitive opportunity where strong demand meets elevated acquisition costs. The market's pronounced seasonality — with revenues peaking between $4,909 and $5,676 during winter months and dipping to around $1,190–$1,408 in the shoulder seasons of May, October, and November — means investors need to budget for significant cash-flow variation throughout the year. Larger properties clearly punch above their weight here: 4-bedroom units average $82,346 annually, and 5-bedrooms reach $182,337. However, with average home values near $1.37 million and a below-average revenue-to-price ratio, careful deal sourcing and a focus on higher-performing property sizes will be essential to achieving attractive returns."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Mammoth Lakes

Average revenue by month in Mammoth Lakes

Mammoth Lakes exhibits strong winter seasonality, with March ($5,676) topping the revenue chart, followed by January ($5,493) and February ($5,290), while October ($1,190) and November ($1,403) mark the year's slowest months — a spread of nearly $4,500 that investors must plan around with adequate cash reserves.

Active Airbnb listings by property size in Mammoth Lakes

Two-bedroom units dominate supply at 801 listings, followed by 1-bedrooms (506) and 3-bedrooms (419), while 5-bedroom and 6+ bedroom properties remain scarce at just 14 and 5 listings respectively — presenting a potential opportunity for investors willing to acquire larger homes in a less competitive segment.

Average daily rate (ADR) by property size in Mammoth Lakes

ADR scales steeply with size in Mammoth Lakes, jumping from $270 for studios to $755 for 4-bedrooms and an impressive $1,530 for 5-bedroom homes. The sharpest premium-to-size jump occurs between 4 and 5 bedrooms, where nightly rates more than double, suggesting outsized pricing power for larger group-friendly properties.

Average RevPAN by property size in Mammoth Lakes

Revenue per available night climbs dramatically with property size — from $136–$138 for studios and 1-bedrooms up to $368 for 4-bedrooms and a remarkable $1,888 for 6+ bedroom properties. This indicates that larger units not only command higher rates but also convert enough bookings to far outperform smaller properties on a per-night revenue basis.

Average occupancy rates by property size in Mammoth Lakes

Occupancy rates are fairly consistent across most property sizes, ranging from 45% to 51%, with studios edging highest at 51%. The notable outlier is 6+ bedroom properties at 85% occupancy, suggesting that the very limited supply of large homes faces outsized demand from group travelers and families.

Average monthly revenue by property size in Mammoth Lakes

Monthly revenue ranges from about $2,378 for studios to $6,862 for 4-bedrooms, but the real standouts are 5-bedroom ($15,194/month) and 6+ bedroom ($22,681/month) properties that earn multiples of what smaller units generate. For investors seeking cash flow, the jump from 3-bedroom ($4,436) to 4-bedroom ($6,862) may offer the most accessible step up in earnings.

Average annual revenue by property size in Mammoth Lakes

Annual revenue potential spans from $28,541 for studios to $272,180 for 6+ bedroom properties, with 4-bedrooms at $82,346 representing a strong mid-tier option. The 5-bedroom tier at $182,337 per year is particularly compelling given the very limited supply (just 14 listings), though investors should weigh higher acquisition and maintenance costs accordingly.

Most common amenities for Airbnb listings in Mammoth Lakes

Kitchens (98%), parking (93%), and hot tubs (86%) are nearly universal in Mammoth Lakes listings, setting a high baseline for guest expectations in this mountain market. Ski-in/ski-out access appears in just 18% of listings, which could serve as a powerful differentiator for properties that offer it.

Understanding Mammoth Lakes's ROI Score: 48/100

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

Mammoth Lakes earns a Rabbu ROI Score of 48 out of 100, placing it in the Competitive Opportunity band — strong demand exists, but elevated home prices compress the revenue-to-price ratio (rated below average), requiring more selective deal sourcing. Occupancy stability, market growth trend, and supply/demand balance all rate as average, indicating a mature market without major imbalances but also without easy margin. Investors should pair this data with thorough local regulatory research and focus on property sizes and locations where RevPAN significantly outpaces the market average.

Short-Term Rental Regulations in Mammoth Lakes

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

Permit Requirements

The Town of Mammoth Lakes, California, generally requires short-term rental operators to obtain a transient occupancy registration or business license before listing a property. Investors should verify current permit requirements directly with Mammoth Lakes town offices and Mono County, as local rules can evolve.

Key Restrictions

Common restrictions in mountain resort communities like Mammoth Lakes may include occupancy limits, minimum stay requirements (especially during peak periods), noise ordinances, parking mandates, and potential HOA restrictions in condominium complexes. Some properties may also be subject to caps on the total number of permitted STRs in certain zones, so it's worth confirming zoning eligibility before purchasing.

Tax Obligations

Short-term rental operators in California are typically subject to Transient Occupancy Tax (TOT), which is collected at the local level, along with any applicable state and county taxes. Many booking platforms collect and remit TOT on behalf of hosts, but operators should confirm compliance with both the Town of Mammoth Lakes and the state.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Mammoth Lakes should continue to benefit from its dual-season appeal — winter skiing and summer outdoor recreation — with peak months (January through March and December) likely sustaining ADRs in the $400–$550+ range. Active listing growth of 136% year-over-year signals strong investor interest, which could apply modest downward pressure on occupancy rates if demand doesn't keep pace. We estimate occupancy will hover around 44–48% market-wide, with larger properties potentially outperforming. Investors targeting 4+ bedroom units may see the most resilient returns given their stronger RevPAN and occupancy metrics."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Mammoth Lakes, CA

What is the average Airbnb occupancy rate in Mammoth Lakes?

The average occupancy rate for Airbnb listings in Mammoth Lakes is currently 46%, which edges above the California state average of 43%. Occupancy varies by property size, with studios achieving 51% and 6+ bedroom properties reaching as high as 85%. Smaller and mid-size units generally fall in the 45–49% range.

How much do Airbnb hosts make in Mammoth Lakes?

On average, Airbnb hosts in Mammoth Lakes earn approximately $3,347 per month and $40,168 per year based on trailing 12-month booking data. Earnings vary significantly by property size — studios and 1-bedrooms average around $28,500–$28,800 annually, while 4-bedroom properties average $82,346 and 5-bedroom homes can bring in roughly $182,337 per year.

Is Mammoth Lakes a good market for Airbnb investment?

Mammoth Lakes carries a Rabbu ROI Score of 48 out of 100, categorized as a Competitive Opportunity. The market benefits from strong seasonal demand and above-average occupancy, but high home values (averaging $1,372,968) compress the revenue-to-price ratio. Investors who are selective about property type and acquisition price — particularly targeting larger units with higher earning potential — may find compelling returns.

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

The average daily rate across all Airbnb listings in Mammoth Lakes is $436, which is below the California state average of $551. ADR scales significantly with property size: studios average $270, 2-bedrooms reach $394, 4-bedrooms command $755, and 6+ bedroom properties average $2,227 per night.

Are short-term rentals legal in Mammoth Lakes?

Short-term rentals do operate in Mammoth Lakes, CA, and the town has an established framework for transient occupancy. However, specific permit requirements, zoning restrictions, and HOA rules can vary by property. Investors should consult directly with the Town of Mammoth Lakes and Mono County to confirm current regulations before purchasing.

When is peak season for Airbnb in Mammoth Lakes?

Peak season in Mammoth Lakes aligns with ski season — January through March and December are the highest-earning months, with average revenues ranging from $4,909 to $5,676 per listing per month. July and August offer a secondary summer peak at $3,574–$4,145. The slowest months are May, October, and November, when revenue drops to around $1,190–$1,408.

How many Airbnbs are there in Mammoth Lakes?

There are currently 1,982 active Airbnb listings in Mammoth Lakes. The supply is concentrated in 1- and 2-bedroom units (506 and 801 listings, respectively), with 3-bedroom properties adding another 419 listings. Larger 5- and 6+ bedroom homes are rare, with just 14 and 5 listings respectively.

How is Airbnb revenue calculated in Mammoth Lakes?

The annual and monthly revenue figures shown for Mammoth Lakes 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 into a market-level historical average. Because each month uses its own historical performance data, the figures naturally reflect seasonal peaks (like winter ski months) and slower periods (like October and May). 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, occupancy rates, and pricing data for the Mammoth Lakes market
• Average daily rate, occupancy, and RevPAN trends segmented by property size
• Trailing 12-month revenue performance based on historical booking data from active comparable listings
• Home value benchmarks sourced from Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to benchmark 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 market snapshots as of the dates noted; conditions may have changed since the last update. Local regulations, HOA rules, and tax obligations vary by property and should be independently verified before investing.