Mammoth Lakes

As of May 2026, Mammoth Lakes has 3,828 active Airbnb and VRBO listings. This represents a 3% increase from the previous year.

The average Airbnb or VRBO in Mammoth Lakes generates $66K per year. High-performing properties earn $118K/year, while low-performing properties earn $34K/year. This wide revenue spread highlights how market performance is highly polarized, suggesting that asset-specific appeal significantly dictates earning potential in a flat supply environment.

Average home prices in Mammoth Lakes vary by property size: 1-bedroom properties cost approximately $519K, 2-bedroom homes average $692K, 3-bedroom properties are around $938K, and 4+ bedroom homes average $1.4M. These prices reflect median home values across the Mammoth Lakes area.

Airbnb and VRBO can be profitable in Mammoth Lakes, with an average gross yield of 9% across all properties. High-performing properties achieve yields up to 15%, which is considered top for short-term rental investment. The notable gap between average and top-tier yields points to significant variance in asset efficiency amidst stable supply levels.

The average occupancy rate for Airbnbs and VRBOs in Mammoth Lakes is 33%. This occupancy level, combined with an average nightly rate of $416, results in a RevPAR (revenue per available room) of $148 per day.

1-bedroom properties demonstrate the strongest performance in Mammoth Lakes, with an average gross yield of 10% and annual revenue of $51K. These properties balance purchase price ($519K), operating costs, and rental demand most effectively in the Mammoth Lakes market.

Short-term rental regulations vary by jurisdiction in the Mammoth Lakes area. Mammoth Lakes: Strict. Transient Occupancy Registration Certificate required, annual permit ($500+), maximum 28-day stays, density caps by zone (limited in residential areas). Town actively enforces through compliance checks, neighbor complaints, and online monitoring. Significant fines for violations ($1,000+). Most operators comply due to consistent enforcement and TOT audits. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Mammoth Lakes Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 3% year-over-year, while RevPAR has increased 7%. This indicates balanced supply-demand dynamics where demand growth is currently outpacing the modest additions to inventory, supporting stable revenue growth.

Launch around November, 2-3 months before peak winter season (February peaks). This pre-peak timing lets you build reviews when competition is 75% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-May) when gaining traction is harder.

The most common amenities in Mammoth Lakes listings include: Kitchen (97%), Hot Tub (79%), Balcony (69%), Washing Machine (68%), Tv (65%). Amenities that boost revenue the most include Ev Charger, Washing Machine, Ski In Out, with Ev Charger properties earning approximately 36% more ($94K/year vs $69K/year).

Monthly estimated revenue per listing in Mammoth Lakes over the last 12 months: May: $2K, June: $2K, July: $4K, August: $3K, September: $2K, October: $2K, November: $2K, December: $9K, January: $10K, February: $9K, March: $7K, April: $3K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Mammoth Lakes is $416, up 15% year-over-year. By property size: 1-bedroom properties average $275/night, 2-bedroom properties average $373/night, 3-bedroom properties average $502/night, 4+ bedroom properties average $841/night. Rates peak in December and are lowest in October.

Guests in Mammoth Lakes book an average of 32 days in advance, down 14% from last year. By property size: 1-bedroom: 28 days, 2-bedroom: 32 days, 3-bedroom: 36 days, 4+ bedroom: 43 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Mammoth Lakes Airbnb and VRBO market has seen the following changes: supply grew 3%, revenue per listing increased 7%, occupancy fell 7%, average nightly rates increased 15%, and lead time decreased 14%. These metrics suggest a shift toward a higher-rate, lower-volume environment where shorter booking windows define current traveler behavior.

In Mammoth Lakes, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Wednesday. Weekends show 60% higher occupancy than weekdays.