Mammoth Lakes, CA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

2536 / 3819

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$52,284

Middle-Earners Revenue

Occupancy

50%

Middle-Earners Occupancy

Home Value

$823,969

Median Home Sale Price

Top Earners

$95,005

Top-Earners Revenue

Mammoth Lakes

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mammoth Lakes.

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C

Challenging to Investors

Mammoth Lakes Regulations

Allowed in select zones; banned in single‑family due to Measure Z; unincorporated county requires use permits and recent moratoriums; Certified Properties inspections, jurisdictional complexity and variable CC&R restrictions add cost and risk.

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About Mammoth Lakes

Mammoth Lakes is a small alpine town nestled in Mono County in the Eastern Sierra Nevada region of California, with a year-round population of roughly 8,000 residents. Set at an elevation of nearly 8,000 feet and surrounded by a dramatic ring of pine-clad ridges and volcanic peaks, the town has the laid-back, outdoorsy character of a mountain resort community, where ski boots and hiking packs feel like everyday attire in every season. Mammoth Lakes is best known as a base for skiing and snowboarding on Mammoth Mountain, and it serves as a year-round gateway to some of the most spectacular wilderness in the Sierra, including the eastern approach to Yosemite National Park. The nearest major city is Los Angeles, located roughly 300 miles to the south, about a five- to six-hour drive over scenic mountain highways.

A short drive west of the town brings visitors to Mammoth Mountain Ski Area, one of the largest ski resorts in the United States, with a long season, extensive lift-accessed terrain, and a well-developed base village. The mountain is roughly 10 to 15 minutes from the town center, and in summer the same area becomes a hub for mountain biking, scenic gondola rides, and hiking among wildflower-strewn meadows.

About 30 minutes southwest of Mammoth Lakes lies Devils Postpile National Monument, a small but striking unit of the National Park System protecting a columnar basalt formation, the 101-foot Rainbow Falls, and the broad river meadows of the Middle Fork of the San Joaquin. Access is typically seasonal because the road is closed by snow for much of the year, which makes summer and early fall the prime time to visit.

North of town, a roughly 45-minute drive along US-395 leads to Mono Lake, an ancient saline lake famous for its otherworldly tufa towers rising from the water's surface. The South Tufa area, with its boardwalk and short interpretive trail, draws photographers, birdwatchers, and travelers en route between Mammoth and the Eastern Sierra's other landmarks. A little farther north, the preserved gold-mining ghost town of Bodie State Historic Park offers a remarkably intact window into the boom-and-bust mining era of the late 1800s, kept in a state of "arrested decay" under the open sky.

Mammoth Lakes stands out as a compelling base for short-term rentals because it pairs genuine small-town atmosphere with four-season recreation and a deep bench of nearby destinations, from a major ski resort to national monuments and iconic Sierra landscapes. Guests can return to a quiet residential neighborhood after a day on the slopes, a hike to alpine lakes, or a road trip to a ghost town, all within easy reach of a well-stocked, walkable town center with restaurants, trails, and a strong sense of place.

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