Airbnb Market Analytics, Statistics and Data in Cody, 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 Cody? 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 Cody:
How much do Airbnb hosts make on average per month in Cody?
The short-term rental market in Cody 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 $2,530 per month
- Strong performing properties (top 25%) make $4,127 or more
- Best-in-class properties (top 10%) achieve $6,337+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,454
Revenue Variations by Month
Occupancy Rates Throughout the Year in Cody
The market in Cody 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 41% occupancy rates
- Strong performing properties (top 25%) achieve 60% or higher
- Best-in-class properties (top 10%) reach 78%+occupancy
- Entry-level properties (bottom 25%) average around 23%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Cody
Daily rates in Cody 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 $187 per night
- Strong performing properties (top 25%) secure $264 or more
- Best-in-class properties (top 10%) pull in $387+ per night
- Entry-level properties (bottom 25%) earn around $139
Daily Rate Variations by Month
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Seasonality patterns in Cody
Peak Season (July, June, August)
- Revenue peaks at $5527.03 per month
- Occupancy rates reach 68.56%
- Daily rates average $249.25
Shoulder Season
- Revenue averages $3192.06 per month
- Occupancy maintains 42.71%
- Daily rates hold at $223.31
Low Season (November, December, January)
- Revenue drops to $1611.72 per month
- Occupancy decreases to 24.60%
- Daily rates adjust to $204.70
Is it still profitable to do Airbnb in Cody in 2025?
Yes! Cody demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 43% and strong monthly revenue averaging $3192 and With 325 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 Cody
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Buffalo Bill Center of the West | A must-visit location for tourists exploring the Wild West and the history of the American frontier. This area attracts visitors interested in art, culture, and history. | Buffalo Bill Center of the West, Cody Firearms Museum, Plains Indian Museum, Cody State Park |
| Cody Nite Rodeo | Famous for its summer rodeos, this area brings in crowds looking for authentic western experiences. Great for families and tourists seeking entertainment under the stars. | Cody Nite Rodeo, Old West Town, Cody Stampede |
| Shoshone National Forest | Offers stunning natural beauty, outdoor adventures, and a key location for those heading to Yellowstone National Park. Perfect for nature lovers and outdoor enthusiasts. | Shoshone Lake, Lake Louise, Trailheads to Yellowstone, Fishing and hiking spots |
| Yellowstone National Park | One of the most iconic national parks in the United States, with geysers, hot springs, and stunning wildlife. A prime location for tourists year-round. | Old Faithful, Grand Prismatic Spring, Yellowstone Lake, Wildlife watching |
| Cody Downtown | A charming historic district with shops, restaurants, and galleries. Offers a quaint small-town vibe and is convenient for travelers looking to explore local culture. | Cody Mural Festival, Old Trail Town, Buffalo Bill's Irma Hotel |
| Heart Mountain Interpretive Center | A significant historical site that educates visitors about the Japanese American internment during World War II. Attracts history buffs and educational tourism. | Heart Mountain |
| Medicine Wheel | Sacred Native American site offering stunning views and a unique spiritual experience. Attracts visitors interested in Native American culture and history. | Medicine Wheel National Historic Landmark |
| Big Horn Basin | Rich in geological history and outdoor activities, including hunting and fishing. A less crowded destination that offers unique landscapes and experiences. | Bighorn Canyon National Recreation Area, Red Lodge |
Do you need a license for Airbnb in Cody?
We recommend checking directly with Cody'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 Cody
YELLOWSTONE VALLEY VAC LODGE/POOL/SAUNA/SLEEP 26
Entire Place • 9 bedrooms
Cabins at Saddlestring Ranch - Entire Property!
Entire Place • 5 bedrooms
KB Lodge sleeps up to 22!
Entire Place • 5 bedrooms
Sleeps 16 - Luxury Family Stay Downtown Cody
Entire Place • 5 bedrooms
Downtown Loft- penthouse with rooftop deck!
Entire Place • 2 bedrooms
Wapiti Valley Magic, East Yellowstone
Entire Place • 5 bedrooms
Top Performing Professional Hosts in Cody
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Cody Lodging | 73 | $1,998,780 | 1354 | 4.76/5.0 |
| Evolve | 8 | $278,436 | 225 | 4.84/5.0 |
| Gina | 5 | $274,137 | 313 | 4.99/5.0 |
| Erin | 10 | $243,208 | 1259 | 4.81/5.0 |
| Brook | 5 | $209,902 | 211 | 4.66/5.0 |
| Andres | 5 | $191,115 | 191 | 3.94/5.0 |
| Alison | 9 | $186,412 | 33 | 3.25/5.0 |
| Alyse | 4 | $164,655 | 292 | 4.83/5.0 |
| Coco | 1 | $140,004 | 37 | 4.81/5.0 |
| Emily | 1 | $128,164 | 27 | 4.96/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Cody
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 (95.1%), with house and outdoor & mobile properties comprising 80.0% of inventory
- Strong specialty sector (31.4%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others, unique stays segments (5.3% combined)
Room Capacity Distribution
Analysis of 325 properties in Cody shows that 2 bedrooms properties are most prevalent, making up 32.9% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 64.3% of all listings.
Key Insights
- Most common: 2 bedrooms (32.9%)
- Least common: 5+ bedrooms (5.2%)
- Market concentration: 64.3% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 325 properties in Cody reveals that 4 guests properties dominate the market, representing 26.5% of all listings. The average property accommodates 5.1 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 8+ guests make up 47.4% of the market.
Key Insights
- Most common capacity: 4 guests (26.5% of market)
- Least common capacity: 7 guests (4.9% of market)
- Average guest capacity: 5.1 guests per property
- Market concentration: 47.4% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 325 properties in Cody, the most common availability pattern is 181-270 days (43.7% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (49.2% of properties).
Key Insights
- Most common availability window: 181-270 days (43.7%)
- Most common booking duration: 91-180 days (49.2%)
- Properties with high availability (180+ days): 83.4%
- Properties with long-term bookings (180+ days): 17.8%
Minimum Stay Distributions
1 Night
104 listings
33.7% of total
2 Nights
113 listings
36.6% of total
3 Nights
76 listings
24.6% of total
4-6 Nights
7 listings
2.3% of total
30+ Nights
9 listings
2.9% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 70.3%
- Mid-length stays (4-6 nights) represent 2.3% of listings
- Monthly+ stays (2.9%) suggest a stable extended-stay market
- High market flexibility with 94.9% 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
Super Strict 30 Days
71 listings
23.1% of total
Flexible
65 listings
21.2% of total
Moderate
48 listings
15.6% of total
Firm
48 listings
15.6% of total
Strict
75 listings
24.4% of total
Key Insights
- Strict is the preferred policy at 24.4% of listings
- The market shows a balanced distribution between guest-friendly (36.8%) and strict (40.0%) policies
- Firm policies are least common at 15.6% 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 98 days
- Shortest booking windows are in Dec, Feb, Jan, averaging 33 days
- Summer shows the longest average booking window at 90 days, while Winter has the shortest at 33 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 90 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Dec-Jan when lead times are shortest
Popular Airbnb Amenities in Cody
Below is the distribution of amenities across listings in Cody:
Traveler Demographics
Key Insights
- Domestic travelers make up 92.1% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (1.7%) and United Kingdom (1.2%)
- English is the top language at 81.3%, followed by Spanish (9.2%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 8.2%
Recommendations
- Target marketing campaigns for Denver and Billings markets
- Develop localized content for Canada and United Kingdom
- 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 Cody. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Teton Village | 275 | $6,842 | $773.12 | 42% |
| Jackson | 320 | $6,037 | $578.62 | 45% |
| Wilson | 262 | $4,071 | $446.39 | 45% |
| Gardiner | 182 | $4,048 | $293.97 | 56% |
| Emigrant | 103 | $3,752 | $316.06 | 52% |
| Cooke City | 41 | $3,739 | $293.07 | 52% |
| Pray | 53 | $3,715 | $304.78 | 45% |
| Red Lodge | 226 | $3,490 | $281.12 | 43% |
| Livingston | 341 | $3,392 | $291.32 | 49% |
| Dubois | 75 | $2,843 | $275.02 | 46% |
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