Soda Springs, ID

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

35 / 62

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$20,521

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$332,169

Median Home Sale Price

Top Earners

$33,373

Top-Earners Revenue

Soda Springs

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Soda Springs.

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B

Generally Investor friendly

Soda Springs Regulations

Short‑term rentals are permitted throughout Soda Springs and Caribou County, but operators must obtain an annual administrative permit with a $100 fee, submit safety‑equipment photos, post on‑site rules, and notify neighbors within 300 ft. The process is straightforward and predictable, with no caps or restrictive zones, making compliance manageable for investors.

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About Soda Springs

Soda Springs is a small city in Caribou County in southeastern Idaho, with a population of approximately 3,000 residents. It sits where the high desert of the Snake River Plain meets the forested slopes of the Bear River Range, giving the town a quiet, outdoorsy character shaped by long winters, mineral-rich groundwater, and wide-open landscapes. The community is best known for its naturally carbonated springs and serves as a gateway to nearby national forest lands and Bear Lake. Pocatello, the nearest sizable city, lies roughly 75 miles to the northwest.

The Soda Springs Geyser is the town's signature attraction. Created accidentally in 1937 when a drilling project struck a pocket of pressurized carbonated water, it now ranks among the world's few captive geysers, erupting roughly every hour on the hour to a height of around 100 feet. Visitors can watch the plume from a small park in the center of town, just steps from the modest but historic Main Street.

Within a short drive, Hooper Springs Park offers another look at the area's unusual geology, with carbonated water bubbling up through travertine terraces. The same cold, mineral-rich groundwater that drew early health-seekers still shapes the town's identity, and a handful of brick buildings downtown hint at that resort-era past.

Just south of town, Caribou-Targhee National Forest covers thousands of acres of the surrounding mountains, with hiking, camping, fishing, and winter sports within roughly a 30- to 45-minute drive. Its terrain includes the alpine country of the Bear River Range, where summer trails wind through wildflower meadows and past the same pioneer routes that once carried emigrants west along the Oregon Trail.

Bear Lake, straddling the Idaho-Utah border about 50 miles to the southeast, draws visitors for its unusually vivid turquoise water, sometimes called the "Caribbean of the Rockies." Boating, fishing, and beach-going fill the warmer months, and the small resort town of Garden City on the Utah side provides lodging, dining, and outfitters for day-trippers and longer stays alike.

A bit further afield, the limestone passages of Minnetonka Cave offer guided summer tours through underground chambers developed for visitors. The cave lies within the Caribou-Targhee National Forest, and the drive from Soda Springs takes about 45 minutes, making it a natural half-day side trip.

For travelers weighing where to base themselves in southeastern Idaho, Soda Springs offers an appealing blend of small-town quiet and outdoor access. Its location puts Bear Lake, the Caribou-Targhee backcountry, and the area's many hot springs and historic sites within short drives, while the town itself has just enough character — a scheduled geyser, mineral fountains, and a walkable historic core — to fill unhurried afternoons between adventures.

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