Sheridan

As of May 2026, Sheridan, Buffalo, Gillette have 461 active Airbnb and VRBO listings. This represents a 4% decrease from the previous year.

The average Airbnb or VRBO in Sheridan generates $19K per year. High-performing properties earn $42K/year, while low-performing properties earn $8K/year. This wide earnings variance suggests that market success is heavily skewed toward a small segment of listings capable of maintaining higher utilization despite a 39% decline in overall revenue.

Average home prices in Sheridan vary by property size: 1-bedroom properties cost approximately $246K, 2-bedroom homes average $264K, 3-bedroom properties are around $379K, and 4+ bedroom homes average $399K. These prices reflect median home values across the Sheridan, Buffalo, Gillette area.

Airbnb and VRBO can be profitable in Sheridan, with an average gross yield of 5% across all properties. High-performing properties achieve yields up to 10%, which is considered good for short-term rental investment. The yield spread highlights a significant performance gap where elite properties remain viable even as the broader market experiences contraction.

The average occupancy rate for Airbnbs and VRBOs in Sheridan is 28%. This occupancy level, combined with an average nightly rate of $205, results in a RevPAR (revenue per available room) of $36 per day.

4+ bedroom properties demonstrate the strongest performance in Sheridan, with an average gross yield of 8% and annual revenue of $33K. These properties balance purchase price ($399K), operating costs, and rental demand most effectively in the Sheridan market.

Short-term rental regulations vary by jurisdiction in the Sheridan area. Sheridan: Lenient. No specific STR regulations or licensing requirements. Operates under general business rules and zoning. Minimal enforcement. Buffalo: Lenient. No dedicated STR ordinance. Subject to basic zoning and business licensing. Light oversight, hosts operate freely. Gillette: Lenient. No specific STR regulations. Standard business license may apply. Minimal enforcement, permissive environment for operators. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Sheridan Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 4% year-over-year, while RevPAR has decreased 39%. This indicates balanced supply-demand dynamics. The simultaneous drop in supply and revenue suggests that market participants are exiting or adjusting, which may eventually stabilize the current downward pressure on earnings.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 22% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (March-January) when gaining traction is harder.

The most common amenities in Sheridan listings include: Kitchen (95%), Air Conditioning (90%), Tv (85%), Washing Machine (80%), Heating (68%). Amenities that boost revenue the most include Washing Machine, Tv, Bbq, with Washing Machine properties earning approximately 19% more ($36K/year vs $30K/year).

Monthly estimated revenue per listing in Sheridan over the last 12 months: May: $1K, June: $2K, July: $2K, August: $2K, September: $1K, October: $1K, November: $940, December: $813, January: $465, February: $584, March: $669, April: $841. 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 Sheridan is $205, up 15% year-over-year. By property size: 1-bedroom properties average $132/night, 2-bedroom properties average $181/night, 3-bedroom properties average $265/night, 4+ bedroom properties average $332/night. Rates peak in July and are lowest in March.

Guests in Sheridan book an average of 30 days in advance, down 25% from last year. By property size: 1-bedroom: 27 days, 2-bedroom: 31 days, 3-bedroom: 30 days, 4+ bedroom: 37 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Sheridan Airbnb and VRBO market has seen the following changes: supply declined 4%, revenue per listing decreased 39%, occupancy fell 22%, average nightly rates increased 15%, and lead time decreased 25%. These metrics indicate a pivot toward shorter booking windows and higher pricing, reflecting a market grappling with reduced demand despite reduced inventory.

In Sheridan, Friday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 27% higher occupancy than weekdays.