Greer, Arizona Short-Term Rental Market
Greer, AZ STRs averaged $185/night at 52.8% occupancy in May 2026 in Arizona's highest mountain resort community.
Quick Answer: Greer, Arizona is an active short-term rental market. average occupancy is 53%. average monthly revenue is $2,679. average daily rate is $185.
Market Overview
Greer is a tiny alpine community of approximately 58 permanent residents in Apache County’s White Mountains, sitting at over 8,400 feet in elevation. As Arizona’s highest town, it draws leisure travelers escaping desert heat from Phoenix (roughly 230 miles southwest), Tucson, and the broader Southwest, along with regional outdoor recreationists. Summer brings anglers, hikers, campers, and mountain bikers; winter brings skiers and snowshoers to nearby Sunrise Park Resort, Arizona’s largest ski area. The area is known for over 630 miles of trout streams and 22 mountain lakes within 30 miles.
In May 2026, the market posted an average daily rate of $185 and occupancy of 52.8%, yielding RevPAR of $97.82. Average monthly revenue per listing was $2,679. Year-over-year as of May 2026, occupancy declined 1.91 percentage points and revenue fell 2.06%, while ADR edged up 2.12%. The 2025 annual average was 54.1% occupancy, $173 ADR, and $2,632 monthly revenue. Dimension-level breakdown data (bedroom mix, channel split, listing-type split) was not available in the current snapshot.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 50% | $137 | $1,991 |
| Feb | 58% | $136 | $1,988 |
| Mar | 62% | $150 | $2,574 |
| Apr | 54% | $152 | $2,271 |
| May | 55% | $166 | $2,464 |
| Jun | 59% | $182 | $2,903 |
| Jul | 62% | $180 | $3,093 |
| Aug | 56% | $166 | $2,607 |
| Sep | 53% | $162 | $2,335 |
| Oct | 56% | $158 | $2,459 |
| Nov | 52% | $148 | $2,079 |
| Dec | 54% | $157 | $2,365 |
Investment Analysis
Greer’s investment case is anchored by its position as a true four-season mountain retreat in a state where cool-elevation alternatives to the desert are scarce. At a May 2026 average of $2,679/month per listing, annualized gross revenue runs approximately $32,151 per unit. Tier-level ADR data (luxury, professionally managed) was not available in the current snapshot.
No housing price data was available for Greer in the current snapshot, so a gross yield calculation cannot be completed. Investors must source local comparable sales independently. ADR has risen from a 2017 annual average of $145 to $185 in May 2026, and revenue climbed from $1,787/month in 2017 to a 2021 peak of $2,846. Since 2022, revenue has stabilized in the $2,600 to $2,700 range annually. The critical investor risk unique to Greer is the Apache County permit cap: the number of Single-Family Nightly Rental permits in the Greer area is limited to no more than 15% above the number issued in the first 12 months after the ordinance’s adoption. A prospective operator must confirm permit availability with Apache County Community Development before purchasing, as the cap may already be reached.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking lead time and length-of-stay data were not available in the current Greer snapshot. Based on the market’s visitor profile, summer leisure travelers from Phoenix and Tucson typically book cabins 4 to 8 weeks in advance for peak July weekends, while winter ski weekends at Sunrise Park Resort drive shorter-notice bookings. The cabin-style inventory typical of Greer suggests average stays of 3 to 5 nights rather than 1-night turnovers. Operators who set minimum-stay requirements of 2 to 3 nights can reduce turnover friction while still capturing the weekend leisure traveler. Early-season booking windows (late April and May openings) allow operators to capture spring hikers and anglers before the main summer rush.
Short-Term Rental Regulations
Greer is unincorporated Apache County, so short-term rentals are governed by the Apache County Land Use Ordinance (Article 24, Single-Family Nightly Rentals) rather than a city code. Operators in Residential or Greer Commercial (GC) zones must obtain an Apache County Short-Term Vacation Rental Permit (referred to locally as a Single-Family Nightly Rental permit) before listing. The permit requires a 24/7 emergency contact and compliance with safety and building codes. Occupancy is capped at two persons per bedroom.
IMPORTANT for prospective investors: Apache County limits the total number of Single-Family Nightly Rental permits in the Greer area to no more than 15% above the number issued during the first 12 months after the ordinance’s adoption. This is a hard local cap. If the ceiling has been reached, no new permit can be issued. Confirm permit availability with Apache County Community Development before purchasing any property intended for STR use. One exception: properties in the Greer Commercial Resort (GCR) zone may rent for periods under 30 days without a Single-Family Nightly Rental permit. The specific permit fee was not published in available records. All Greer operators must also hold an Arizona TPT license and remit applicable transient lodging taxes; the combined rate was not confirmed in available records. Enforcement is characterized as moderate. The Article 24 framework was formalized through Planning and Zoning review documented in February 2023.
Market Comparison
Greer’s 52.8% occupancy in May 2026 is below the U.S. STR market median of approximately 55%, which is notable given its premium mountain location. The $185 ADR is also below the national median of approximately $220, suggesting that cabin-style inventory in a remote community has pricing constraints despite its unique supply scarcity. RevPAR of $97.82 is modest.
No property management companies appeared in the current Greer PM snapshot. With only 58 permanent residents, the listing inventory is small and dominated by independent cabin owners. The small market size and permit cap mean that market entrants face both a regulatory barrier (permit availability) and limited competition from professional managers. Operators who secure a permit and manage professionally may have a structural advantage in a market with constrained new supply.
Frequently Asked Questions About Greer, Arizona
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