Powell, WY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

55 / 85

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$18,340

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$411,652

Median Home Sale Price

Top Earners

$37,558

Top-Earners Revenue

Powell

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Powell.

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C

Challenging to Investors

Powell Regulations

STRs are technically allowed in Powell, but they must meet county zoning that treats them as commercial businesses, prohibiting the use of primary residences and limiting where they can operate. The lack of a city ordinance creates regulatory uncertainty and the potential for future restrictions, making compliance and investment riskier than a truly friendly market.

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About Powell

Powell is a small agricultural city in the Big Horn Basin of Park County, Wyoming, with a population of approximately 6,400 residents. Named for the nineteenth-century explorer John Wesley Powell, the town developed around early-twentieth-century irrigation projects and today retains the feel of a quiet farming community framed by open plains and the dramatic peaks of the Absaroka Range to the west. Powell is best known as a base for travelers heading toward the eastern side of Yellowstone National Park and as a stepping-off point for outdoor recreation in the surrounding mountains and high desert. It sits roughly 25 miles north of Cody, Wyoming, and about 150 miles south of Billings, Montana, the nearest sizable metropolitan area.

Just under two hours to the southwest via Cody lies Yellowstone National Park, the world's first national park and a year-round magnet for visitors. The eastern approach through the Wapiti and Pahaska region offers a slower, scenic alternative to the busier west and south entrances, with wildlife viewing, river canyons, and the dramatic Yellowstone Lake country awaiting at journey's end. Travelers who choose to stay in Powell enjoy a noticeably lower-key experience than those based in the park's gateway resorts.

About a half-hour drive southeast in Cody, the Buffalo Bill Center of the West is a five-museum complex dedicated to the art, culture, and natural history of the Rocky Mountain West. It honors the legacy of William F. "Buffalo Bill" Cody, whose name the town bears, and is widely considered one of the most comprehensive western heritage institutions in the country. A visit pairs naturally with a stroll through Cody's Old Trail Town, an outdoor collection of historic western buildings and artifacts.

A short drive east of Powell, between the town and Cody, is the site of the Heart Mountain WWII Japanese American internment camp, commemorated by a dedicated interpretive center that documents one of the more difficult chapters in American history. Slightly farther north, the Bighorn Canyon National Recreation Area offers a striking contrast to the surrounding high plains, with deep blue waters, towering limestone cliffs, and opportunities for boating, fishing, and quiet hiking away from the crowds.

Powell's appeal as a short-term rental market comes down to its combination of small-town affordability, genuine western character, and proximity to some of the most-visited destinations in the northern Rockies. Visitors who value a quieter home base, easy day trips to Yellowstone and Cody, and access to big-sky country tend to find the town a rewarding alternative to the busier gateway communities closer to the park's main entrances.

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