Wallace, Idaho Short-Term Rental Market
Wallace, ID STRs averaged $167/night at 40.2% occupancy in April 2026, with strong year-over-year growth of 9.5% in occupancy.
Quick Answer: Wallace, Idaho is an active short-term rental market. average occupancy in the Idaho Area market area is 61%. average monthly revenue in the Idaho Area market area is $3,987. average daily rate in the Idaho Area market area is $262. the top operator in the Idaho Area market area is Vacasa with 240 listings. market score is 50/100 (grade D).
Market data reflects the Idaho Area regional market, which includes Wallace. Regulations, taxes, and permit details below are specific to Wallace.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Wallace is a small historic mining town of approximately 839 residents in Idaho’s Silver Valley, positioned along I-90 in Shoshone County. The entire downtown is listed on the National Historic Register, giving the market a distinct heritage-tourism positioning as the ‘Silver Capital of the World.’ As of April 2026, the market recorded an average daily rate of $167 and occupancy of 40.2%, generating a RevPAR of $67.
The market holds approximately 6,847 active listings, with entire-place rentals at 6,529 (95.4%), private rooms at 317, and one shared room. Bedroom distribution shows 1-bedroom units leading at 2,071 listings, followed by 3-bedroom (1,760), 2-bedroom (1,568), 4-bedroom (846), and 5-bedroom-plus (591). Channel distribution shows 3,450 listings on both Airbnb and Vrbo, 2,948 exclusively on Airbnb, and 449 exclusively on Vrbo.
Year-over-year performance trends in April 2026 were notably positive: occupancy up 9.5%, ADR up 5.4%, and revenue up 7.7%, making Wallace one of the stronger growth markets in this batch. Market scores show investability at 68.5 out of 100 and rental demand at 66.2, with a total score of 49.9 reflecting a niche market.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 41% |
| Feb | 48% |
| Mar | 41% |
| Apr | 38% |
| May | 48% |
| Jun | 61% |
| Jul | 68% |
| Aug | 60% |
| Sep | 46% |
| Oct | 42% |
| Nov | 41% |
| Dec | 46% |
Month-by-month nightly rates and revenue figures for Wallace are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Idaho Area market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Idaho Area market as a whole, which includes Wallace, so these counts are not Wallace-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Vacasa | 240 | 14,816 | ★ 4.59 |
| 2 | Evolve | 199 | 8,726 | ★ 4.76 |
| 3 | Tamarack Resort | 153 | 120 | ★ 4.63 |
| 4 | Done Right Management | 149 | 3,553 | ★ 4.82 |
| 5 | FrostCabins | 117 | 7,347 | ★ 4.78 |
What Kind of STR Should I Buy in Wallace?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Wallace are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 43.1% |
| vrbo | 6.6% |
| both | 50.4% |
Home Value Trends (Wallace)
Typical home values, median sale prices, and the 10-year price trend for Wallace are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Wallace — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Wallace operates under one of the most permissive STR regulatory frameworks in Idaho. The city has no dedicated STR ordinance and requires only a standard city business license for STR operators. There is no separate STR permit, no owner-occupancy requirement, and no primary-residence requirement.
Idaho state law already protects STRs under Idaho Code 67-6539, which bars cities and counties from prohibiting STRs or treating them differently than other residential uses. Idaho HB 583, signed by Governor Little on March 16, 2026, and effective July 1, 2026, expands this protection by explicitly prohibiting local governments from requiring STR-specific permits, licenses, owner occupancy, professional management, additional insurance, usage reporting, extra parking, inspections, day caps, conditional use permits, or density limits. Any conflicting local ordinances must be repealed or revised by July 1, 2026.
Tax obligations are state-driven: a 6% Idaho sales tax plus a 2% Idaho Travel and Convention Tax apply to stays of 30 nights or less, for a combined 8% state lodging tax remitted to the Idaho State Tax Commission. Airbnb and Vrbo collect and remit on behalf of hosts. Wallace does not impose a local lodging tax. Enforcement is rated low. Operators should obtain an Idaho seller’s permit and Travel and Convention Tax account, secure a Wallace city business license, and ensure standard residential safety equipment is in place.
Market Comparison
Wallace’s 40.2% April 2026 occupancy is below the U.S. STR annual median of approximately 55%, consistent with a small niche market in early spring. The $167 ADR sits below the national median of approximately $220, reflecting the market’s modest price point and smaller rural-Idaho positioning.
The standout metric is year-over-year growth: occupancy up 9.5%, ADR up 5.4%, and revenue up 7.7% compared to April 2025. This acceleration reverses the declining trend seen from 2021 to 2024 in the historical annual data.
Among property managers, Vacasa leads with 240 listings and 14,816 reviews (4.59 rating). Evolve follows with 199 listings and 8,726 reviews (4.76 rating). Tamarack Resort holds 153 listings (4.63 rating). Done Right Management (149 listings, 4.82 rating) and FrostCabins (117 listings, 4.78 rating) round out the top five. The combined top-5 count of 858 listings represents roughly 12.5% of the approximately 6,847 total market listings.
Frequently Asked Questions About Wallace, Idaho
Do I need a permit to run an Airbnb in Wallace, ID?
What is the average Airbnb income in Wallace, ID?
What is the best season to rent in Wallace, ID?
What does the typical home cost in Wallace, ID?
How does Idaho's new STR law affect Wallace property owners?
What occupancy tax applies to Wallace STRs?
Which property management companies operate in the Wallace, ID area?
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