Casper, WY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

196 / 382

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$23,468

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$311,133

Median Home Sale Price

Top Earners

$42,530

Top-Earners Revenue

Casper

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Casper.

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A

Very Investor friendly

Casper Regulations

Casper allows short‑term rentals citywide in most residential zones and does not require a specific STR registration—only a standard business license, basic safety compliance, and standard taxes. There are no municipal caps, caps on total units, or onerous reporting; the city’s tone is permissive and business‑friendly, making compliance straightforward and investment risk low.

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About Casper

Casper sits in the heart of Wyoming as the county seat of Natrona County and the state's second-largest city, with a population of roughly 58,000 residents. Straddling the North Platte River, it serves as the commercial, medical, and energy-services hub for central Wyoming, blending a working Western character with a growing slate of breweries, restaurants, and riverfront pathways. The city is best known as a gateway to the state's outdoor landscapes, including the Bighorn Mountains, the Wind River Range, and a long list of Oregon Trail landmarks. The nearest major city is Cheyenne, about 180 miles to the southeast, while Denver sits roughly 280 miles to the south and Billings, Montana, is a comparable distance to the north, putting Casper within a half-day's drive of several regional hubs.

Just south of town, Casper Mountain rises to more than 8,000 feet and anchors the local outdoor scene, with a network of hiking and mountain-biking trails, a small ski area, and campgrounds that see heavy use in summer and snow play traffic in winter. The mountain is reached in roughly 20 to 30 minutes from the city center, and Casper Mountain is a frequent anchor for visitors who want a quick alpine experience without a long drive.

Down by the river, the Fort Caspar Museum and Historic Site preserves the location of a 19th-century military post and a reconstructed frontier trading post along the Oregon Trail. Just minutes from downtown, it offers a useful stop for travelers interested in pioneer history and sits near the National Historic Trails Interpretive Center, a Bureau of Land Management facility that tells the story of the Oregon, California, Mormon Pioneer, and Pony Express trails through exhibits, films, and short walking paths.

A short drive west of town, Hell's Half Acre spreads across a striking landscape of eroded sandstone, pinnacles, and ravines that early travelers compared to a scene from the underworld. Roughly 40 miles west of Casper along Interstate 25, the area includes overlooks, a short trail network, and a strong sense of high-plains desolation that has made it a popular filming and photography stop.

Casper's appeal for short-term rentals comes from this layered mix: a small-city base with restaurants, events, and medical services, paired with easy access to mountain trails, river recreation, and some of Wyoming's most recognizable historic landmarks, all within an hour or two of the front door.

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