Bishop, CA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Bishop short-term rental market based on reliable data.

Listings

32 / 65

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$49,721

Middle-Earners Revenue

Occupancy

78%

Middle-Earners Occupancy

Home Value

$599,036

Median Home Sale Price

Top Earners

$80,718

Top-Earners Revenue

Bishop

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bishop.

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C

Challenging to Investors

Bishop Regulations

STRs are legally allowed but constrained by strict hosted-only rules, per‑area caps (2–29), annual city renewal and community notification, and mandatory hosted status in the county; while fees ($150) and TOT/BTID are manageable, the limited zones, parking/occupancy limits, revocation risk, and cap uncertainty elevate investor risk to challenging rather than friendly.

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About Bishop

Bishop sits in the Owens Valley of Inyo County, California, a small high-desert town of roughly 3,800 residents that doubles as a year-round hub for travelers exploring the eastern Sierra Nevada. The community has a friendly, outdoorsy character, with locally owned cafes, motels, and outfitters catering to hikers, anglers, climbers, and road-trippers. Best known as a gateway to some of California's most dramatic wilderness, Bishop is approximately 270 miles, or about a four-hour drive, northwest of Las Vegas, the nearest major metropolitan area.

Just west of town, the Inyo National Forest and the surrounding Sierra backcountry draw visitors year after year. Within a short drive, travelers can reach the Bishop Creek drainage, where South Lake and Lake Sabrina sit at the foot of glacier-carved canyons leading into the John Muir Wilderness. The area is a magnet for trout fishing, day hikes, and multi-day backpacking trips, and the windswept volcanic tablelands on the outskirts of town, locally called the Buttermilks, are one of the premier bouldering destinations in North America.

About an hour north along US-395, the resort community of Mammoth Lakes offers a full menu of alpine activities, including skiing and snowboarding at Mammoth Mountain in winter and mountain biking, fishing, and hiking in summer. The drive between Bishop and Mammoth is one of the most scenic stretches in the Sierra, climbing past the volcanic craters of the Long Valley Caldera and offering easy access to trailheads for the Mammoth Lakes Basin and the Minarets.

A few hours east of Bishop, across the basin-and-range country of the Great Basin, lies Death Valley National Park, famous for its below-sea-level salt flats, sandstone canyons, and springtime wildflower blooms. Visitors often use Bishop as a comfortable overnight base before or after exploring destinations like Badwater Basin, Mesquite Flat Sand Dunes, and the mosaic of colored badlands at Artist's Drive. Closer to town, about an hour south near Lone Pine, Manzanar National Historic Site preserves one of the ten camps where Japanese Americans were incarcerated during World War II, offering guided tours and an interpretive center set against the stark backdrop of the Sierra escarpment.

Bishop's appeal as a base for short-term rentals comes from this rare combination of small-town calm, dramatic scenery, and proximity to several of the West's most iconic outdoor destinations. Guests can spend a morning fly fishing in the eastern Sierra, an afternoon climbing volcanic boulders in the high desert, and an evening dining on the patio of a downtown eatery, all without the crowds, traffic, or prices of California's larger resort towns.

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