Yellowstone National Park

As of May 2026, West Yellowstone, Jackson, Cody, Bozeman have 6,835 active Airbnb and VRBO listings. This represents a 6% decrease from the previous year.

The average Airbnb or VRBO in Yellowstone National Park generates $54K per year. High-performing properties earn $128K/year, while low-performing properties earn $28K/year. The massive revenue variance suggests a market where top-tier assets capture outsized demand, while average units struggle to maintain utilization amidst a 30% revenue decline.

Average home prices in Yellowstone National Park vary by property size: 1-bedroom properties cost approximately $375K, 2-bedroom homes average $430K, 3-bedroom properties are around $519K, and 4+ bedroom homes average $637K. These prices reflect median home values across the West Yellowstone, Jackson, Cody, Bozeman area.

Airbnb and VRBO can be profitable in Yellowstone National Park, with an average gross yield of 7% across all properties. High-performing properties achieve yields up to 17%, which is considered top for short-term rental investment. This wide spread in yield potential reflects a market where operational efficiency remains the primary driver of ROI.

The average occupancy rate for Airbnbs and VRBOs in Yellowstone National Park is 36%. This occupancy level, combined with an average nightly rate of $397, results in a RevPAR (revenue per available room) of $99 per day.

2-bedroom properties demonstrate the strongest performance in Yellowstone National Park, with an average gross yield of 10% and annual revenue of $48K. These properties balance purchase price ($430K), operating costs, and rental demand most effectively in the Yellowstone National Park market.

Short-term rental regulations vary by jurisdiction in the Yellowstone National Park area. West Yellowstone: Lenient. Business license and sales tax registration required. No occupancy rules or caps. Light enforcement, tourism-focused town. Jackson: Moderate. Business license required, zoning restrictions in residential areas. Some neighborhoods prohibit STRs. Moderate enforcement with neighbor complaints. Cody: Lenient. Business license and lodging tax required. No occupancy requirements or density limits. Minimal enforcement, tourism-friendly. Bozeman: Moderate. License required, owner-occupancy mandate, annual cap on permits. Growing enforcement with compliance checks and fines. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Yellowstone National Park Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 6% year-over-year, while RevPAR has decreased 30%. This indicates balanced supply-demand dynamics. The simultaneous drop in supply and revenue confirms that market contraction is reducing saturation without necessarily improving per-unit earnings.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 59% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (October-November) when gaining traction is harder.

The most common amenities in Yellowstone National Park listings include: Kitchen (95%), Washing Machine (83%), Tv (78%), Heating (60%), Air Conditioning (52%). Amenities that boost revenue the most include Ski In Out, Hot Tub, Pool, with Ski In Out properties earning approximately 79% more ($123K/year vs $69K/year).

Monthly estimated revenue per listing in Yellowstone National Park over the last 12 months: May: $2K, June: $5K, July: $5K, August: $5K, September: $4K, October: $2K, November: $1K, December: $3K, January: $2K, February: $3K, March: $3K, April: $1K. 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 Yellowstone National Park is $397, up 14% year-over-year. By property size: 1-bedroom properties average $208/night, 2-bedroom properties average $317/night, 3-bedroom properties average $422/night, 4+ bedroom properties average $689/night. Rates peak in February and are lowest in April.

Guests in Yellowstone National Park book an average of 45 days in advance, down 14% from last year. By property size: 1-bedroom: 40 days, 2-bedroom: 44 days, 3-bedroom: 47 days, 4+ bedroom: 52 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Yellowstone National Park Airbnb and VRBO market has seen the following changes: supply declined 6%, revenue per listing decreased 30%, occupancy fell 14%, average nightly rates increased 14%, and lead time decreased 14%. Higher rates failing to offset occupancy losses points to a shifting traveler behavior and compressed demand.

In Yellowstone National Park, Friday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 25% higher occupancy than weekdays.