Saratoga, WY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

54 / 105

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$26,923

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$306,183

Median Home Sale Price

Top Earners

$39,338

Top-Earners Revenue

Saratoga

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Saratoga.

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C

Challenging to Investors

Saratoga Regulations

STRs are allowed with a planned special‑use permit and a $200 fee, but require Saratoga residency and do not permit full STRs without zoning changes, and the draft rules are still in transition—creating uncertainty for investors.

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About Saratoga

Saratoga is a small town nestled in the Platte River Valley of south-central Wyoming, sitting in Carbon County along the North Platte River. With a population of approximately 1,700 residents, it has the unhurried feel of a genuine Western ranching community, where visitors come for outdoor recreation, mineral hot springs, and the surrounding mountain scenery. The town is often described as a gateway to the Snowy Range and the Medicine Bow National Forest, and it lies roughly 35 miles west of Rawlins and about 80 miles west of Laramie, the nearest sizeable city. Its setting, with the Sierra Madre range to the south and the Medicine Bow range to the east, gives it an unusually scenic backdrop for a small Wyoming town.

The feature that defines Saratoga more than any other is the Saratoga Hot Springs, a set of free-flowing mineral hot springs that the town has developed into a public attraction with multiple pools of varying temperatures. Locals and visitors treat the springs as a year-round gathering place, and they sit within a dedicated town park along the river. They are within walking distance of anywhere in town, and the hot springs have helped establish Saratoga as a relaxed stopover for travelers exploring southern Wyoming.

The North Platte River is the other defining feature of the area, offering blue-ribbon trout fishing, rafting, and tubing in summer. The river corridor running through Saratoga is known for its calm stretches and prolific hatches, and several local outfitters offer guided fly-fishing trips. Access is essentially immediate from anywhere in town, with public launch points and riverside paths used by both anglers and families floating the gentler sections.

To the south, the drive to the historic mining town of Encampment is about 15 miles and rewards visitors with the Grand Encampment Museum, which preserves the story of the region's copper-mining and sheep-ranching heritage. Further afield, the Snowy Range and the wider Medicine Bow National Forest lie to the east, with scenic drives and trailheads roughly 60 to 90 minutes from town depending on the specific destination. In summer, this means hiking, wildflower viewing, and alpine lake access, while winter brings snowshoeing and backcountry skiing.

For short-term-rental owners, Saratoga offers a compelling combination of small-town charm and four-season outdoor appeal, anchored by its hot springs and riverfront and amplified by the proximity of the Snowy Range, the Sierra Madre, and the historic attractions of the Encampment valley. Its distance from major population centers keeps it peaceful while still drawing road-trippers, anglers, hunters, and snow enthusiasts who appreciate having a comfortable base in a genuinely scenic corner of Wyoming.

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