Airbnb Market Analytics, Statistics and Data in Cheyenne, Wyoming, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Cheyenne? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Cheyenne:
How much do Airbnb hosts make on average per month in Cheyenne?
The short-term rental market in Cheyenne shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $1,760 per month
- Strong performing properties (top 25%) make $2,792 or more
- Best-in-class properties (top 10%) achieve $4,131+ monthly
- Entry-level properties (bottom 25%) typically earn around $965
Revenue Variations by Month
Occupancy Rates Throughout the Year in Cheyenne
The market in Cheyenne shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 52% occupancy rates
- Strong performing properties (top 25%) achieve 74% or higher
- Best-in-class properties (top 10%) reach 87%+occupancy
- Entry-level properties (bottom 25%) average around 27%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Cheyenne
Daily rates in Cheyenne vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $102 per night
- Strong performing properties (top 25%) secure $157 or more
- Best-in-class properties (top 10%) pull in $287+ per night
- Entry-level properties (bottom 25%) earn around $74
Daily Rate Variations by Month
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Seasonality patterns in Cheyenne
Peak Season (July, June, August)
- Revenue peaks at $3766.41 per month
- Occupancy rates reach 60.02%
- Daily rates average $196.32
Shoulder Season
- Revenue averages $2145.78 per month
- Occupancy maintains 50.51%
- Daily rates hold at $153.01
Low Season (December, February, January)
- Revenue drops to $1668.65 per month
- Occupancy decreases to 43.54%
- Daily rates adjust to $135.09
Is it still profitable to do Airbnb in Cheyenne in 2025?
Yes! Cheyenne demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 51% and solid monthly revenue averaging $2146 and With 357 active listings, the market shows established demand while maintaining room for growth. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Cheyenne
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Cheyenne | The vibrant heart of Cheyenne, offering historical sites, local shops, and restaurants. A prime location for visitors wanting to experience the local culture and events. | Wyoming State Capitol, Cheyenne Frontier Days, Old West Museum, Cheyenne Depot Museum, The Historic Plains Hotel |
| Cheyenne Depot District | A historic area featuring the Cheyenne Depot and various entertainment options. Popular among tourists due to its unique architecture and local events. | Cheyenne Depot, Union Pacific Railroad Museum, Local breweries, Art galleries, Restaurants |
| Laramie County Community College Area | Close to the college, attracting students and their families for events, graduations, and activities throughout the year. | Laramie County Community College, Various sports events, Student activities, Local eateries |
| Cheyenne Frontier Days Park | Famous for the annual rodeo, this area is popular during the event season. Great for hosting guests looking to enjoy western culture. | Cheyenne Frontier Days, The rodeo grounds, Arts and crafts fairs |
| North Cheyenne | A suburban area with parks and quiet neighborhoods. Attractive for families or those seeking a peaceful retreat while still near the city. | Horsetooth Reservoir, Northland Shopping Center, Parks |
| South Cheyenne | Known for its residential charm and proximity to local attractions, appealing to travelers looking for convenience and comfort. | Local parks, Shopping areas, Restaurants |
| Historic Cheyenne | Encompassing the Old West charm, this area draws history buffs and those wanting a taste of Wyoming's past. | The Historic Train Depot, Old Town, Historic architecture |
| Capitol Avenue | Home to the state government buildings and local landmarks, it is perfect for guests interested in Wyoming's politics and history. | Wyoming State Capitol, The Cheyenne History Museum, Governor’s Mansion |
Do you need a license for Airbnb in Cheyenne?
We recommend checking directly with Cheyenne's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Cheyenne
Ideal Stay for Frontier Days-10 min walk to gate
Entire Place • 5 bedrooms
Family comfort in perfect location!
Entire Place • 4 bedrooms
~ ₩yoming your home away from home ~
Entire Place • 5 bedrooms
Laytonious Manor
Entire Place • 3 bedrooms
Cozy, Updated Gingerbread-Style Avenues Home
Entire Place • 4 bedrooms
4 Bedroom, Hot Tub, No Cleaning Fee
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Cheyenne
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Rebecca | 14 | $231,921 | 1427 | 4.67/5.0 |
| Kirk & Cara | 14 | $191,384 | 3671 | 4.70/5.0 |
| Ryan | 6 | $169,835 | 184 | 4.91/5.0 |
| Carri | 4 | $156,606 | 164 | 4.89/5.0 |
| Johnathan | 11 | $145,572 | 73 | 4.77/5.0 |
| Halley | 7 | $144,069 | 200 | 4.78/5.0 |
| Greta | 5 | $143,338 | 651 | 4.87/5.0 |
| Wendy | 2 | $123,811 | 54 | 4.99/5.0 |
| Denise | 5 | $111,114 | 1460 | 4.96/5.0 |
| Josh And Halei | 5 | $108,615 | 222 | 4.88/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Cheyenne
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (89.4%), with house and apartment & condo properties comprising 89.3% of inventory
- Untapped potential in boutique & hotels, outdoor & mobile, unique stays segments (5.7% combined)
Room Capacity Distribution
Analysis of 357 properties in Cheyenne shows that 1 bedroom properties are most prevalent, making up 30.8% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 61.1% of all listings.
Key Insights
- Most common: 1 bedroom (30.8%)
- Least common: 5+ bedrooms (3.6%)
- Market concentration: 61.1% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 357 properties in Cheyenne reveals that 4 guests properties dominate the market, representing 28.9% of all listings. The average property accommodates 4.3 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 2 guests make up 45.1% of the market.
Key Insights
- Most common capacity: 4 guests (28.9% of market)
- Least common capacity: 7 guests (2% of market)
- Average guest capacity: 4.3 guests per property
- Market concentration: 45.1% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 357 properties in Cheyenne, the most common availability pattern is 271-366 days (35.3% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (33.1% of properties).
Key Insights
- Most common availability window: 271-366 days (35.3%)
- Most common booking duration: 91-180 days (33.1%)
- Properties with high availability (180+ days): 67.8%
- Properties with long-term bookings (180+ days): 33.6%
Minimum Stay Distributions
1 Night
170 listings
52.1% of total
2 Nights
73 listings
22.4% of total
3 Nights
30 listings
9.2% of total
4-6 Nights
17 listings
5.2% of total
7-29 Nights
30 listings
9.2% of total
30+ Nights
6 listings
1.8% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 74.5%
- Mid-length stays (4-6 nights) represent 5.2% of listings
- Monthly+ stays (1.8%) suggest a stable extended-stay market
- High market flexibility with 83.7% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Flexible
66 listings
20.7% of total
Moderate
91 listings
28.5% of total
Firm
99 listings
31% of total
Strict
63 listings
19.7% of total
Key Insights
- Firm is the preferred policy at 31.0% of listings
- The market shows a balanced distribution between guest-friendly (49.2%) and strict (50.7%) policies
- Strict policies are least common at 19.7% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Diverse policy distribution indicates an opportunity to differentiate through policy choice
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Jun, May, averaging 61 days
- Shortest booking windows are in Sep, Nov, Oct, averaging 24 days
- Summer shows the longest average booking window at 60 days, while Fall has the shortest at 24 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 60 days in advance
- Consider early bird discounts during Fall to encourage longer lead times
- Focus on last-minute booking promotions during Sep-Oct when lead times are shortest
Popular Airbnb Amenities in Cheyenne
Below is the distribution of amenities across listings in Cheyenne:
Traveler Demographics
Key Insights
- Domestic travelers make up 96.4% of total guests, indicating a dominant local market share.
- Primary international markets: United Kingdom (1%) and Canada (0.5%)
- English is the top language at 83.3%, followed by Spanish (11.7%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.6%
Recommendations
- Target marketing campaigns for Denver and Cheyenne markets
- Develop localized content for United Kingdom and Canada
- Prioritize English and Spanish language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Cheyenne. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Grand County | 10 | $5,246 | $476.54 | 48% |
| Estes Park | 1,302 | $4,145 | $349.92 | 45% |
| Grand Lake | 395 | $3,948 | $310.04 | 45% |
| Boulder | 867 | $3,916 | $329.22 | 51% |
| Drake | 35 | $3,035 | $265.46 | 45% |
| Fort Collins | 480 | $2,956 | $201.51 | 53% |
| Allenspark | 48 | $2,926 | $280.77 | 47% |
| Windsor | 70 | $2,856 | $186.97 | 55% |
| Berthoud | 37 | $2,769 | $228.32 | 47% |
| Red Feather Lakes | 27 | $2,751 | $242.69 | 41% |
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