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Evanston, Wyoming

Short-Term Rental Market Data & Investment Analysis

Data updated April 2026

Evanston, Wyoming Short-Term Rental Market Overview

Population: 11,691
Annual Visitors: 120,000
Total STRs: 32
ADR: $190.23

Visitor Profile

Evanston, Wyoming, serves as a gateway destination in the U.S. tourism landscape, attracting visitors year-round with its proximity to major national parks and outdoor recreation opportunities. While specific annual visitor counts for Evanston are not publicly available, the city benefits from its strategic location at the crossroads of roadways accessing recreational areas throughout Wyoming, including routes to Grand Teton and Yellowstone National Parks. The visitor demographics reveal a diverse mix, with families making up a significant portion, alongside outdoor enthusiasts, road trippers, and cultural travelers. Primary reasons for visiting include exploring Bear River State Park, accessing nearby wilderness areas, attending seasonal rodeo events, experiencing Western heritage at Fort Bridger, and using Evanston as a base for exploring southwestern Wyoming. The economic impact of tourism in Evanston is notable, supporting numerous jobs in the hospitality sector and contributing to the local economy through visitor spending on accommodations, dining, and services.

In-depth analysis of Evanston’s visitor patterns indicates that the average length of stay ranges from one to three nights, with many travelers using the city as a stopover en route to national parks or as a base for multi-day outdoor adventures. Peak seasons occur during summer months and around winter holidays, when outdoor activities such as hiking, fishing, camping, snowmobiling, and Nordic skiing draw the most visitors. According to 2025 population data, Evanston has a resident population of approximately 11,570, with the median household income at $76,569, indicating a stable community supporting tourism infrastructure. Families, couples, and solo travelers represent the primary demographics, with growing interest in outdoor recreation, heritage tourism focused on railroad and pioneer history, and seasonal events like Wyoming Downs horseracing and Fort Bridger festivals. According to tourism resources, Evanston’s unique blend of outdoor adventure, Western culture, and convenient access to national parks makes it a compelling destination for travelers seeking authentic Wyoming experiences. For more information, see Visit Evanston and Travel Wyoming. As Evanston continues to promote its tourism offerings through heritage and cultural initiatives, the potential for growth in visitor numbers and economic contributions remains strong, benefiting short-term rental operators positioned to serve gateway travelers.

Evanston, Wyoming, serves as a gateway destination in the U.S. tourism landscape, attracting visitors year-round with its proximity to major national parks and outdoor recreation opportunities. While specific annual visitor counts for Evanston are not publicly available, the city benefits from its strategic location at the crossroads of roadways accessing recreational areas throughout Wyoming, including routes to Grand Teton and Yellowstone National Parks. The visitor demographics reveal a diverse mix, with families making up a significant portion, alongside outdoor enthusiasts, road trippers, and cultural travelers. Primary reasons for visiting include exploring Bear River State Park, accessing nearby wilderness areas, attending seasonal rodeo events, experiencing Western heritage at Fort Bridger, and using Evanston as a base for exploring southwestern Wyoming. The economic impact of tourism in Evanston is notable, supporting numerous jobs in the hospitality sector and contributing to the local economy through visitor spending on accommodations, dining, and services.

In-depth analysis of Evanston’s visitor patterns indicates that the average length of stay ranges from one to three nights, with many travelers using the city as a stopover en route to national parks or as a base for multi-day outdoor adventures. Peak seasons occur during summer months and around winter holidays, when outdoor activities such as hiking, fishing, camping, snowmobiling, and Nordic skiing draw the most visitors. According to 2025 population data, Evanston has a resident population of approximately 11,570, with the median household income at $76,569, indicating a stable community supporting tourism infrastructure. Families, couples, and solo travelers represent the primary demographics, with growing interest in outdoor recreation, heritage tourism focused on railroad and pioneer history, and seasonal events like Wyoming Downs horseracing and Fort Bridger festivals. According to tourism resources, Evanston’s unique blend of outdoor adventure, Western culture, and convenient access to national parks makes it a compelling destination for travelers seeking authentic Wyoming experiences. For more information, see Visit Evanston and Travel Wyoming. As Evanston continues to promote its tourism offerings through heritage and cultural initiatives, the potential for growth in visitor numbers and economic contributions remains strong, benefiting short-term rental operators positioned to serve gateway travelers.

Top Attractions

Evanston, Wyoming, is a hidden gem that offers a delightful blend of outdoor adventures, cultural experiences, and family-friendly activities. Nestled at the crossroads of several popular roadways accessing recreational areas around Wyoming, this charming city serves as a gateway to nearby attractions and does healthy business with the tourist set. Known for Union Pacific railroad history, rodeo culture, and outdoor adventure opportunities, Evanston is situated against the stunning backdrop of the Uinta Mountains. Visitors can explore the natural beauty of Bear River State Park, experience authentic Western culture at seasonal events, and enjoy year-round recreation. With its rich heritage and diverse recreational opportunities, Evanston is an ideal destination for those seeking both relaxation and adventure in southwestern Wyoming.

One of the standout attractions in Evanston is Bear River State Park, a breathtaking natural area perfect for hiking, picnicking, kayaking, floating, fishing, and wildlife watching, with trails accessible by bike or foot in summer and by Nordic skiing in winter. The park is home to small herds of elk and buffalo, offering unique wildlife viewing opportunities. Wyoming Downs Racetrack provides seasonal live horseracing with pari-mutuel wagering from June to mid-August, delivering authentic Western entertainment. About 40 minutes from Evanston, Fort Bridger stands as one of the best-preserved forts along the Oregon and Mormon Trails, hosting a rodeo on July 4th and a mountain man rendezvous on Labor Day weekend. The area is a recreational mecca for camping, hunting, mountain biking, and other outdoor pursuits, with the Bear River flowing through town. Families will appreciate the museums, art galleries, historical sites, and year-round festivals celebrating cowboy culture. For more information, visit the official Evanston tourism site and Travel Wyoming’s Evanston page. With its array of natural and cultural attractions, Evanston promises unforgettable experiences for every traveler.

Evanston, Wyoming, is a hidden gem that offers a delightful blend of outdoor adventures, cultural experiences, and family-friendly activities. Nestled at the crossroads of several popular roadways accessing recreational areas around Wyoming, this charming city serves as a gateway to nearby attractions and does healthy business with the tourist set. Known for Union Pacific railroad history, rodeo culture, and outdoor adventure opportunities, Evanston is situated against the stunning backdrop of the Uinta Mountains. Visitors can explore the natural beauty of Bear River State Park, experience authentic Western culture at seasonal events, and enjoy year-round recreation. With its rich heritage and diverse recreational opportunities, Evanston is an ideal destination for those seeking both relaxation and adventure in southwestern Wyoming.

One of the standout attractions in Evanston is Bear River State Park, a breathtaking natural area perfect for hiking, picnicking, kayaking, floating, fishing, and wildlife watching, with trails accessible by bike or foot in summer and by Nordic skiing in winter. The park is home to small herds of elk and buffalo, offering unique wildlife viewing opportunities. Wyoming Downs Racetrack provides seasonal live horseracing with pari-mutuel wagering from June to mid-August, delivering authentic Western entertainment. About 40 minutes from Evanston, Fort Bridger stands as one of the best-preserved forts along the Oregon and Mormon Trails, hosting a rodeo on July 4th and a mountain man rendezvous on Labor Day weekend. The area is a recreational mecca for camping, hunting, mountain biking, and other outdoor pursuits, with the Bear River flowing through town. Families will appreciate the museums, art galleries, historical sites, and year-round festivals celebrating cowboy culture. For more information, visit the official Evanston tourism site and Travel Wyoming’s Evanston page. With its array of natural and cultural attractions, Evanston promises unforgettable experiences for every traveler.

Regulations

Evanston, Wyoming, has established specific regulations for short-term rentals to ensure community safety and compliance with local laws. Property owners looking to operate short-term rentals must obtain a license from the city, which involves submitting an application and paying necessary fees. Wyoming grants municipalities and counties authority to regulate short-term rentals through local ordinances, with the state lacking comprehensive statewide legislation on the topic. Additionally, short-term rental operators are required to collect and remit lodging taxes, which support local tourism infrastructure and services. Zoning restrictions may apply, meaning that not all properties qualify for short-term rental use, so property owners should verify their property’s eligibility before listing. Safety requirements, including smoke detectors and fire extinguishers, must be met to protect guests. Failure to adhere to these regulations can result in penalties, including fines and potential revocation of the rental license.

To operate a short-term rental in Evanston, property owners must first obtain the required business license through the City of Evanston. This process includes submitting an application that details the property and its intended use as a short-term rental. The city enforces lodging taxes which must be collected from guests and submitted to local and state government on the required schedule. Zoning regulations may restrict short-term rentals to specific areas, so it is essential to verify that your property is located in an eligible zone before beginning operations. Safety measures, such as having working smoke detectors, carbon monoxide detectors, and fire extinguishers, are mandatory to ensure guest safety and comply with local codes. Non-compliance with these regulations can lead to fines, penalties, or loss of your rental license. For more information about regulations governing short-term rentals in Evanston and Wyoming, visit Wyoming short-term rental regulations resources and consult the City of Evanston for local requirements. Property owners should also review Wyoming vacation rental tax guidelines to ensure full compliance with tax obligations.

Evanston, Wyoming, has established specific regulations for short-term rentals to ensure community safety and compliance with local laws. Property owners looking to operate short-term rentals must obtain a license from the city, which involves submitting an application and paying necessary fees. Wyoming grants municipalities and counties authority to regulate short-term rentals through local ordinances, with the state lacking comprehensive statewide legislation on the topic. Additionally, short-term rental operators are required to collect and remit lodging taxes, which support local tourism infrastructure and services. Zoning restrictions may apply, meaning that not all properties qualify for short-term rental use, so property owners should verify their property’s eligibility before listing. Safety requirements, including smoke detectors and fire extinguishers, must be met to protect guests. Failure to adhere to these regulations can result in penalties, including fines and potential revocation of the rental license.

To operate a short-term rental in Evanston, property owners must first obtain the required business license through the City of Evanston. This process includes submitting an application that details the property and its intended use as a short-term rental. The city enforces lodging taxes which must be collected from guests and submitted to local and state government on the required schedule. Zoning regulations may restrict short-term rentals to specific areas, so it is essential to verify that your property is located in an eligible zone before beginning operations. Safety measures, such as having working smoke detectors, carbon monoxide detectors, and fire extinguishers, are mandatory to ensure guest safety and comply with local codes. Non-compliance with these regulations can lead to fines, penalties, or loss of your rental license. For more information about regulations governing short-term rentals in Evanston and Wyoming, visit Wyoming short-term rental regulations resources and consult the City of Evanston for local requirements. Property owners should also review Wyoming vacation rental tax guidelines to ensure full compliance with tax obligations.

Frequently Asked Questions

What are the short-term rental regulations in Evanston, Wyoming?
Evanston, Wyoming, has established specific regulations for short-term rentals to ensure community safety and compliance with local laws. Property owners looking to operate short-term rentals must obtain a license from the city, which involves submitting an application and paying necessary fees. Wyoming grants municipalities and counties authority to regulate short-term rentals through local ordinances, with the state lacking comprehensive statewide legislation on the topic. Additionally, short-term rental operators are required to collect and remit lodging taxes, which support local tourism infrastructure and services. Zoning restrictions may apply, meaning that not all properties qualify for short-term rental use, so property owners should verify their property's eligibility before listing. Safety requirements, including smoke detectors and fire extinguishers, must be met to protect guests. Failure to adhere to these regulations can result in penalties, including fines and potential revocation of the rental license.To operate a short-term rental in Evanston, property owners must first obtain the required business license through the City of Evanston. This process includes submitting an application that details the property and its intended use as a short-term rental. The city enforces lodging taxes which must be collected from guests and submitted to local and state government on the required schedule. Zoning regulations may restrict short-term rentals to specific areas, so it is essential to verify that your property is located in an eligible zone before beginning operations. Safety measures, such as having working smoke detectors, carbon monoxide detectors, and fire extinguishers, are mandatory to ensure guest safety and comply with local codes. Non-compliance with these regulations can lead to fines, penalties, or loss of your rental license. For more information about regulations governing short-term rentals in Evanston and Wyoming, visit Wyoming short-term rental regulations resources and consult the City of Evanston for local requirements. Property owners should also review Wyoming vacation rental tax guidelines to ensure full compliance with tax obligations.
Do I need a permit to operate a short-term rental in Evanston, Wyoming?
Short-term rental regulations vary by location. In Evanston, Wyoming, operators should check local ordinances for permit requirements, zoning restrictions, and licensing obligations. Contact local authorities for the most current requirements.
Are there occupancy taxes for vacation rentals in Evanston, Wyoming?
Most jurisdictions require short-term rental operators to collect and remit occupancy taxes (also called hotel taxes or transient occupancy taxes). In Evanston, Wyoming, check with the local tax authority for current rates and collection requirements.

Vacation Rental Market Overview for Evanston

Evanston attracts visitors with its beaches and waterfront activities and cultural attractions and historic sites. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.

This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.

Evanston, Wyoming Market Performance Trends

LTM Avg. Daily Rate$179.00
LTM Occupancy Rate31.0%
LTM Avg. Revenue$1,472
Monthly Short-Term Rental Market Performance Data for Evanston
MonthAverage Daily Rate (USD)Occupancy Rate (%)Average Monthly Revenue (USD)
Jul 24$220.0051.6%$2,393
Aug 24$215.2138.7%$2,169
Sep 24$253.7830%$1,867
Oct 24$268.0025.8%$1,627
Nov 24$180.0022.4%$1,261
Dec 24$180.0025%$1,298
Jan 25$117.2925.8%$905
Feb 25$243.8030.4%$2,291
Mar 25$163.0032.3%$974
Apr 25$114.2060.7%$1,480
May 25$134.1729.4%$934
Jun 25$190.2331%$1,908

Short-Term Rental Market Performance Analysis for Evanston

The short-term rental market in Evanston demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.

Market Trend Summary

Current market indicators show: strong seasonal variation with peak summer demand

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Evanston, Wyoming Housing Market Data

Home Value Trends

Quarterly Home Value Trends in Evanston
QuarterTypical Home Value (USD)
Q2 17$161,200
Q3 17$158,835
Q4 17$161,153
Q1 18$162,116
Q2 18$162,211
Q3 18$164,879
Q4 18$167,569
Q1 19$170,638
Q2 19$172,796
Q3 19$174,200
Q4 19$175,945
Q1 20$178,313
Q2 20$180,437
Q3 20$183,901
Q4 20$191,831
Q1 21$198,970
Q2 21$210,907
Q3 21$221,291
Q4 21$231,795
Q1 22$245,724
Q2 22$259,511
Q3 22$264,825
Q4 22$269,224
Q1 23$272,083
Q2 23$276,723
Q3 23$277,880
Q4 23$277,706
Q1 24$279,486
Q2 24$280,910
Q3 24$285,101
Q4 24$289,702
Q1 25$290,068
Q2 25$294,427
Q3 25$302,192
Q4 25$302,214

Market Overview

  • Typical Home Value:$304,759
  • Median List Price:$403,333

Current Inventory

  • Homes For Sale:38
  • New Listings:8

Detailed Market Analysis

The average home value in Evanston, WY is $304,759, up 5.6% over the past year. Learn more about the Evanston housing market and real estate trends.

Real Estate Market Analysis for Evanston, Wyoming

The residential real estate market in Evanston, Wyoming presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.

Key Market Factors

Important considerations for this market include: proximity to major employment centers, quality school districts, and developing infrastructure These factors contribute to the overall market performance and future growth potential.

Real estate investments in Evanston, Wyoming benefit from balanced supply-demand dynamics and reasonable price points. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Evanston, Wyoming Rental Market Insights

10-Year Market Growth

Quarterly Short-Term Rental Listing Growth for Evanston
QuarterNumber of Listings
Q3 164
Q4 163
Q1 176
Q2 1712
Q3 1718
Q4 1717
Q1 1817
Q2 1829
Q3 1821
Q4 1821
Q1 1913
Q2 1921
Q3 1924
Q4 1920
Q1 2020
Q2 2013
Q3 2013
Q4 2013
Q1 2116
Q2 2115
Q3 2122
Q4 2124
Q1 2221
Q2 2212
Q3 2218
Q4 2222
Q1 2324
Q2 2330
Q3 2325
Q4 2322
Q1 2428
Q2 2437
Q3 2432
Q4 2433
Q1 2533
Q2 2532

Booking Activity

  • 1-3 Months:66% Booked
  • 4-6 Months:42.9% Booked
  • 7-9 Months:0% Booked
  • 10-12 Months:0% Booked

Cancellation Policies

  • Flexible:0%
  • Moderate:0%
  • Strict:0%
  • Super Strict:0%

Minimum Stay

  • 1 Day:0
  • 2 Days:0
  • 3 Days:0
  • 4-6 Days:0
  • 7-29 Days:0
  • 30+ Days:0

Short-Term Rental Regulations and Booking Patterns in Evanston

Evanston vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.

Market analysis reveals flexible booking policies attracting last-minute travelers. These insights help property managers optimize their listing strategies and maximize occupancy.

Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.

Evanston, Wyoming Rental Market Composition

Entire Place by Beds

Short-Term Rental Property Distribution by Bedroom Count in Evanston
Bedroom ConfigurationNumber of Properties
Studio1
1 Bed2
2 Beds9
3 Beds6
4 Beds5
5+ Beds4

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

    Vacation Rental Property Types in Evanston

    The vacation rental market in Evanston features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.

    Market characteristics include a balanced mix of entire homes and private rooms. This distribution reflects local demand patterns and traveler preferences.

    Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.

    More Locations In Wyoming

    • Alpine
    • Bedford
    • Buffalo
    • Casper
    • Cheyenne
    • Cody
    • Cora
    • Dubois
    • Glendo
    • Guernsey
    • Lander
    • Laramie
    • Pinedale
    • Riverton
    • Saratoga
    • Sheridan
    • Sundance
    • Thayne

    Related Short-Term Rental Markets

    Explore 18 vacation rental markets within Wyoming. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

    StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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    Table of Contents

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    Quick Facts: Evanston

    Active STRs
    32
    Avg Daily Rate
    $190
    Occupancy Rate
    31%
    Population
    11,691
    Annual Visitors
    120,000

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    Markets in Wyoming (18)

    • Alpine
    • Bedford
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    • Cora
    • Dubois
    • Glendo
    • Guernsey
    • Lander
    • Laramie
    • Pinedale
    • Riverton
    • Saratoga
    • Sheridan
    • Sundance
    • Thayne

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