Laramie, WY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

228 / 381

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$24,243

Middle-Earners Revenue

Occupancy

58%

Middle-Earners Occupancy

Home Value

$379,176

Median Home Sale Price

Top Earners

$48,428

Top-Earners Revenue

Laramie

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Laramie.

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B

Generally Investor friendly

Laramie Regulations

STRs are explicitly permitted and exempt from the rental housing code, requiring only a low‑cost business license ($20/year) and standard habitability checklist with basic safety expectations, with no occupancy or parking caps and only routine nuisance rules. Taxes and local management add modest cost, and enforcement is routine while the city studies future rules, leaving the overall burden manageable for investors.

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About Laramie

Laramie is a small city in southeastern Wyoming and serves as the county seat of Albany County, Wyoming. With a population of approximately 33,000, it has the laid-back, college-town feel characteristic of a Western university community, anchored by the flagship campus of the University of Wyoming. Set in the high Laramie Valley at roughly 7,165 feet of elevation, the city serves as a natural gateway to the Medicine Bow National Forest and the Snowy Range Mountains, drawing outdoor enthusiasts year-round. Laramie sits along Interstate 80 about 50 miles west of Cheyenne and roughly 150 miles north of Denver, making it a convenient stopover for travelers crossing the Rockies.

A short drive west of town, the Snowy Range rises sharply to more than 12,000 feet and offers some of the most accessible alpine scenery in the Rockies. Visitors come for hiking, fishing, and scenic drives in summer, and for skiing and snowshoeing at the small but popular Snowy Range Ski Area in winter. The drive from Laramie to the heart of the range takes about 45 minutes to an hour, depending on conditions.

Closer to the city, the Vedauwoo area, located roughly 20 minutes east along Interstate 80, features a striking collection of weathered granite rock formations in the Medicine Bow National Forest. It is a well-known destination for rock climbing, camping, and short nature walks, and the distinctive tilted slabs have made it a landmark for travelers crossing the Laramie Range.

Within the city itself, the Wyoming Territorial Prison State Historic Site offers a tangible connection to the Old West. Built in 1872, the prison held some of the era's most notorious figures, including Butch Cassidy, and today functions as a museum with preserved cell blocks, period exhibits, and an old homestead on the grounds. It sits just a few minutes from downtown and is one of Laramie's most-visited cultural sites.

Downtown Laramie adds to the city's character with a walkable historic district of brick storefronts, local restaurants, and small galleries clustered along Grand Avenue and Second Street. The university contributes an active arts and music scene, and the surrounding open landscapes keep the skies wide and the pace relaxed.

For short-term rental investors, Laramie offers an appealing mix of steady, year-round demand drivers. Fall football weekends and University of Wyoming events bring predictable spikes in visitation, while the Snowy Range and Vedauwoo provide strong appeal for outdoor-oriented travelers during both summer and ski seasons. Its position along a major cross-country interstate and within easy reach of both Cheyenne and Denver adds a layer of road-trip and passing-traffic demand that smaller mountain communities often lack, all in a setting with the kind of wide-open Western character many visitors are specifically seeking.

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