Jackson Hole is a low DSCR friendliness short-term rental market within the Mountain ski / luxury category. Property type and tourism patterns drive STR economics here in particular ways that distinguish Jackson Hole from peer destinations.
Jackson Hole, WY is a low short-term rental DSCR market. Property type: Mountain ski / luxury. Median home value approximately $1.3M. Average nightly rate: $685.
Occupancy rate in Jackson Hole averages approximately 62%, which combined with the nightly rate produces gross annual revenue per property of approximately $155K.
Jackson Hole Wyoming premium ski/Tetons STR. No state income tax. STR regulatory environment in Jackson Hole: lenient.
Jackson Hole seasonality and tourism patterns
Tourism patterns in Jackson Hole produce winter heavy concentration with summer secondary. Lenders annualize these patterns when computing DSCR coverage.
Jackson Hole STR economics
At $1.3M median home value and $685 nightly rate at 62% occupancy, Jackson Hole STR economics produce gross revenue of approximately $155K per property. Operating costs typically consume 30-50% of gross, netting roughly $93K to operating income before debt service.
Jackson Hole specific FAQ
Jackson Hole peaks December through March (ski season) with secondary summer. Lenders use annual averaged occupancy in underwriting.
Jackson Hole guests prefer multi-bedroom ski groups. Hot tubs and ski storage command premium rates.
Jackson Hole is generally STR-friendly with standard registration requirements.
Jackson Hole averages approximately 62% occupancy. Premium properties outperform; standard properties cluster near average.
Jackson Hole averages approximately $685 per night. Premium units command 1.5-2.5x average.
Full-service STR management in Jackson Hole runs 20-35% of gross revenue. Co-host arrangements run 15-25%. Self-management saves the fee but consumes 10-20 hours weekly.
A Jackson Hole STR at the median home value of $1.3M typically requires 25-30% down, furniture and setup ($15K-50K), reserves (6-12 months PITIA), and closing costs. Total initial capital roughly $488K+.
Bottom line for Jackson Hole STR investors
Jackson Hole STR works for investors comfortable with the mountain ski / luxury operating profile and lenient regulatory environment. Match the property to the market and the math typically works. Mismatch and the property struggles regardless of underwriting.
STR regulations vary by city and change frequently. Verify current local rules before acquisition.