Sheridan, WY
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Overview
Annual Rev
$24.2k
12 mo avg
↓1%
from prior 12 mo
Occupancy rate
30%
12 mo avg
↓7%
from prior 12 mo
Avg daily rate
$199
12 mo avg
↑19%
from prior 12 mo
Lead time
31 days
12 mo avg
↓7 days
from prior 12 mo
Revpar
$44
12 mo avg
↓15%
from prior 12 mo
Methodology note: Figures reflect Sheridan market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Avg. Zestimate
Gross yield
Supply
Amenity revenue impact
| Amenity | Est. revenue impact |
|---|---|
| Hot Tub | +18% $4,361/yr |
| Sauna | 🔒 +8% · $••••/yr Revenue lift and listing count available in Markets |
| EV Charger | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| Pool | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| Lake Access | 🔒 +6% · $••••/yr Revenue lift and listing count available in Markets |
| Heating | 🔒 +5% · $••••/yr Revenue lift and listing count available in Markets |
| Pets Allowed | 🔒 +5% · $••••/yr Revenue lift and listing count available in Markets |
| Barbecue | 🔒 +4% · $•••/yr Revenue lift and listing count available in Markets |
| Bicycles | 🔒 +3% · $•••/yr Revenue lift and listing count available in Markets |
| Gym | 🔒 +3% · $•••/yr Revenue lift and listing count available in Markets |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
3 bedrooms (7.6 nights)
1 bedroom (7.1 nights)
2 bedrooms (6.1 nights)
4+ bedrooms (4.7 nights)
Cleaning fee by bedroom
4+ bedrooms ($178)
3 bedrooms ($109)
2 bedrooms ($78)
1 bedroom ($55)
Professional host share
Professionally managed (60%)
Independent hosts (40%)
Housing market signals
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Over the 12 months ending August 2026, the Sheridan market averaged 484 active Airbnb and VRBO listings, up 5% from a year earlier and up 38% over two years.
An average Sheridan listing earns $23K/year. High-performing listings earn $51K, while low-performing listings earn $9K.
Median Sheridan home prices by size are 1-bedroom $253K, 2-bedroom $274K, 3-bedroom $395K, and 4+ bedroom $408K.
Average gross yield is 5%, reaching 12% for high-performing listings. Gross yield excludes financing and operating costs, so net profitability varies by property.
Average occupancy in Sheridan is 28%, producing RevPAR of $44 per available night.
4+ bedroom listings have the highest average gross yield at 9%. They average $38K/year in revenue against a $408K median purchase price.
Rules vary across Sheridan. Sheridan: Lenient. No specific STR regulations or permit requirements. Operates under general business licensing and zoning. Minimal enforcement. Buffalo: Lenient. No dedicated STR ordinance. Standard business license and tax compliance expected. Light enforcement, hosts operate freely. Gillette: Lenient. No STR-specific regulations. General business licensing applies. Minimal oversight, market operates openly with little restriction. Verify requirements for the property's jurisdiction.
The Sheridan Airbnb and VRBO market appears broadly balanced. Supply has grown 5% year-over-year, while RevPAR has decreased 3%, showing no clear supply-demand imbalance.
RevPAR is highest in July and June; it is lowest in January and February.
The most common amenities are Kitchen (96%), Parking (94%), Internet (93%). The strongest positive revenue associations are Washing Machine (+22%), Pets Allowed (+15%), Ev Charger (+12%).
Average daily rate in Sheridan is $217, up 18% year-over-year. Rates peak in July and are lowest in March.
Guests in Sheridan book an average of 31 days in advance, down 12% from last year. Booking windows range from 28 days for 1-bedroom listings to 39 days for 4+ bedroom listings.
Booking demand is highest on Friday and lowest on Monday. Nightly rates peak on Friday and are lowest on Wednesday. Weekend occupancy is 29% higher than weekday occupancy.