Airbnb Market Analytics, Statistics and Data in Sheridan, 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 Sheridan? 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 Sheridan:
How much do Airbnb hosts make on average per month in Sheridan?
The short-term rental market in Sheridan 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 $2,229 per month
- Strong performing properties (top 25%) make $3,781 or more
- Best-in-class properties (top 10%) achieve $5,738+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,334
Revenue Variations by Month
Occupancy Rates Throughout the Year in Sheridan
The market in Sheridan 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 44% occupancy rates
- Strong performing properties (top 25%) achieve 66% or higher
- Best-in-class properties (top 10%) reach 79%+occupancy
- Entry-level properties (bottom 25%) average around 24%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Sheridan
Daily rates in Sheridan 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 $158 per night
- Strong performing properties (top 25%) secure $224 or more
- Best-in-class properties (top 10%) pull in $350+ per night
- Entry-level properties (bottom 25%) earn around $110
Daily Rate Variations by Month
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Seasonality patterns in Sheridan
Peak Season (July, June, August)
- Revenue peaks at $4334.36 per month
- Occupancy rates reach 59.52%
- Daily rates average $209.70
Shoulder Season
- Revenue averages $2860.72 per month
- Occupancy maintains 45.76%
- Daily rates hold at $192.18
Low Season (December, February, January)
- Revenue drops to $1593.47 per month
- Occupancy decreases to 29.33%
- Daily rates adjust to $176.35
Is it still profitable to do Airbnb in Sheridan in 2025?
Yes! Sheridan demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 46% and strong monthly revenue averaging $2861 and With 97 active listings, this emerging market offers significant first-mover advantages. 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 Sheridan
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Downtown Sheridan | The heart of Sheridan with charming historic architecture and a vibrant community. Ideal for tourists wanting easy access to shops, dining, and local events. | Holy Name Catholic Church, Sheridan County Museum, Downtown Historic District, Carriage Riders of the Big Horns, Local galleries and shops |
| Big Horn Mountains | A stunning natural area perfect for outdoor enthusiasts. Guests can enjoy hiking, skiing, and exploring the beautiful landscapes of Wyoming. | Bighorn National Forest, Cloud Peak Wilderness, Skiing at Antelope Butte, Hiking trails, Fishing and hunting opportunities |
| Sheridan Lake | A tranquil area with scenic views and outdoor recreation. Great for families and groups wanting a peaceful retreat near water activities. | Sheridan Lake, Picnic areas, Boating and fishing, Wildlife viewing, Hiking trails nearby |
| Tongue River Canyon | An extraordinary natural area with breathtaking views and outdoor activities. Attracts adventure seekers and nature lovers. | Tongue River, Scenic byways, Hiking trails, Wildlife viewing, Photography opportunities |
| Historic Trail District | A historic neighborhood reflecting Sheridan's rich history. Offers unique lodging experiences close to heritage sites and local culture. | Fort Phil Kearny, Pioneer Park, Historic buildings, Local restaurants, Art galleries |
| West 5th Street Area | A developing part of Sheridan with new businesses and trendy dining. Attractive to young travelers and professionals looking for modern comforts. | Local cafes, Boutique shops, Art installations, Community events, Proximity to schools and parks |
| Elk Mountain | A remote area ideal for those seeking solitude and the outdoors. Attracts visitors looking for hunting, fishing, and wildlife photography. | Elk Mountain Outdoors, Hiking and camping, Scenic drives, Wildlife watching, Rustic lodging options |
| Lake DeSmet | A serene lakeside area offering recreational opportunities, perfect for weekend getaways for families and groups. | Lake DeSmet, Water sports, Fishing, Picnic areas, Camping facilities |
Do you need a license for Airbnb in Sheridan?
We recommend checking directly with Sheridan'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 Sheridan
Stunning Sheridan Ranch Villa: Mountain View!
Entire Place • 3 bedrooms
Historic downtown, 2-units, backyard, pets welcome
Entire Place • 5 bedrooms
The Mountain View Walk Out , Truly Panoramic View
Entire Place • 3 bedrooms
Beautiful 3 Bedroom 2 Bath Rustic Cabin
Entire Place • 3 bedrooms
Large but cozy house in the heart of Sheridan.
Entire Place • 5 bedrooms
Walk to historic downtown, backyard, pets welcome!
Entire Place • 4 bedrooms
Top Performing Professional Hosts in Sheridan
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Ellen | 7 | $242,056 | 408 | 4.99/5.0 |
| Laurie | 3 | $191,410 | 50 | 4.93/5.0 |
| Bonnie | 10 | $151,033 | 244 | 4.83/5.0 |
| Evolve | 2 | $121,756 | 67 | 4.82/5.0 |
| Dalton | 2 | $90,726 | 83 | 4.66/5.0 |
| Tyler | 4 | $87,131 | 1043 | 4.99/5.0 |
| Dalton | 3 | $71,084 | 293 | 4.85/5.0 |
| Melissa | 2 | $59,370 | 12 | 5.00/5.0 |
| Goose Creek Cabin | 1 | $58,417 | 40 | 4.95/5.0 |
| Sarah | 1 | $58,245 | 28 | 4.96/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Sheridan
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 (85.6%), with house and apartment & condo properties comprising 91.7% of inventory
- Untapped potential in boutique & hotels segments (3.1% combined)
Room Capacity Distribution
Analysis of 97 properties in Sheridan shows that 2 bedrooms properties are most prevalent, making up 41.2% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 64.9% of all listings.
Key Insights
- Most common: 2 bedrooms (41.2%)
- Least common: 5+ bedrooms (3.1%)
- Market concentration: 64.9% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 97 properties in Sheridan reveals that 6 guests properties dominate the market, representing 25.8% of all listings. The average property accommodates 5.2 guests, with a clear trend towards larger guest capacities. Properties accommodating 6 guests and 4 guests make up 46.4% of the market.
Key Insights
- Most common capacity: 6 guests (25.8% of market)
- Least common capacity: 3 guests (3.1% of market)
- Average guest capacity: 5.2 guests per property
- Market concentration: 46.4% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 97 properties in Sheridan, the most common availability pattern is 91-180 days (32% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (33% of properties).
Key Insights
- Most common availability window: 91-180 days (32%)
- Most common booking duration: 181-270 days (33%)
- Properties with high availability (180+ days): 59.8%
- Properties with long-term bookings (180+ days): 42.3%
Minimum Stay Distributions
1 Night
47 listings
51.6% of total
2 Nights
26 listings
28.6% of total
3 Nights
13 listings
14.3% of total
4-6 Nights
1 listings
1.1% of total
7-29 Nights
4 listings
4.4% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 80.2%
- Mid-length stays (4-6 nights) represent 1.1% of listings
- Monthly+ stays (0%) suggest a stable extended-stay market
- High market flexibility with 94.5% 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
20 listings
22% of total
Moderate
27 listings
29.7% of total
Firm
30 listings
33% of total
Strict
14 listings
15.4% of total
Key Insights
- Firm is the preferred policy at 33.0% of listings
- The market shows a balanced distribution between guest-friendly (51.7%) and strict (48.4%) policies
- Strict policies are least common at 15.4% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Firm policies suggests this should be your baseline
- Consider generous cancellation terms as a competitive advantage
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Jun, May, averaging 94 days
- Shortest booking windows are in Feb, Jan, Mar, averaging 31 days
- Summer shows the longest average booking window at 91 days, while Winter has the shortest at 32 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 91 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Feb-Mar when lead times are shortest
Popular Airbnb Amenities in Sheridan
Below is the distribution of amenities across listings in Sheridan:
Traveler Demographics
Key Insights
- Domestic travelers make up 95.9% of total guests, indicating a dominant local market share.
- Primary international markets: United Kingdom (1.1%) and Canada (0.9%)
- English is the top language at 82.4%, followed by Spanish (10.9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 7.0%
Recommendations
- Target marketing campaigns for Casper and Billings 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 Sheridan. These nearby markets offer diverse opportunities for property investors and hosts:
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