Mammoth Lakes Airbnb Rental Market Data, Revenue and Occupancy Rates 2026

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Mammoth Lakes Airbnb Rental Market Data, Revenue and Occupancy Rates 2026

Is Mammoth Lakes, CA a good Airbnb market in 2026?

Yes, Mammoth Lakes, CA is a strong Airbnb market for 2026. Active full-time operators average $68,878 in annual revenue, with 40% occupancy and a $385 ADR (Chalet data). Regulation is strict: STRs are legal only in designated zones, with a 15% TOT, annual fees, and robust enforcement.

Top-quartile operators reach $104,485. The whole-market median ($70,340) is slightly higher but diluted by part-time listings—benchmark against the active figure. For compliance details, see [Mammoth Lakes STR regulations](/rental-regulations/mammoth-lakes-ca).

Operator Revenue (full-time active)

$68,878/yr

vs. headline average of $70,340 · 1,144 active listings

Average Daily Rate

$385

Gross Yield

Ranked #254 in the US

Occupancy Rate

40%

New this quarter

Q2 2026 Market Momentum

Revenue rose despite lower occupancy — operators are pricing more aggressively.

Active Operator Revenue (Q2)

$14,796$12,25220.8%

Per active full-time listing, Apr–Jun

Average Occupancy (Q2)

32.8%34.8%2.0%

Investment thesis

Why invest in Mammoth Lakes, CA Airbnb rentals?

Mammoth Lakes, California, sits at the intersection of high-altitude recreation and constrained supply, with a regulatory regime that sharply defines the investable landscape. The single defining feature for investors: active full-time operators average $68,878 in annual Airbnb revenue (Chalet data, 1,654 listings), a figure that holds up against the broader whole-market median of $70,340—diluted by roughly 671 part-time or casual listings. Median occupancy is 40%, with an ADR of $385 and a median gross yield of 8.5% on a median home value of $823,969. Nationally, Mammoth Lakes ranks #256 for STR performance, but the market is highly seasonal: January peaks at $8,858 in revenue (59% occupancy, $657 ADR), while June troughs at $3,262 (38% occupancy), underscoring the importance of cashflow management across cycles.

Product segmentation is pronounced. Two-bedroom units (39% of supply) are the workhorse, averaging $58,351 in annual revenue at $340 ADR and 45% occupancy—an efficient entry point for yield-focused buyers. Three-bedroom properties (23% of supply) edge higher at $70,340 revenue and $454 ADR, but with lower occupancy (39%), reflecting a premium for larger groups and family bookings. At the upper end, four-bedroom homes (9% of supply) command $82,210 annually at $646 ADR, though occupancy drops to 35%. Investors seeking to calibrate their entry or reposition an asset within these clusters should consult a Chalet agent for granular, building-level guidance.

Geographically, the 93546 zip code is the core STR engine, with 2,052 listings generating a median $70,340 in annual revenue at a 8.5% yield and $385 ADR—closely tracking the market-wide averages. This cluster benefits from proximity to ski lifts, trailheads, and the town’s limited legal STR zones. With zoning and HOA overlays sharply limiting legal inventory, investors must navigate not just price and product, but also the micro-geography of compliance. For those targeting the most liquid and defensible assets, 93546 is the reference point for underwriting and acquisition, and a Chalet agent can surface the most resilient buildings within these boundaries.

At scale, the winning investor profile is a professional operator with local compliance expertise and the ability to optimize for peak seasonality. Demand is overwhelmingly drive-to, with 18.9% of reviews from Los Angeles, 9.6% from San Diego, and a negligible international share (1.3%). Booking lead times average 32 days (median 17), and average stays are 4.1 nights, favoring operators who can flex minimums and pricing to capture both weekenders and longer bookings. The market’s top quartile averages $104,485 in annual revenue, underscoring the upside for those who can outperform on guest experience and operational efficiency. Investors can model their own scenarios using the Chalet ROI calculator.

Risks are concentrated and non-trivial. The past year saw a 29.4% increase in revenue per listing and a 25.9% jump in ADR, but occupancy fell 6.7% even as listing supply rose 8.8% and home values climbed 2.3%—a signal that pricing power is strong, but demand elasticity and new supply are live concerns. The June trough (38% occupancy, $3,262 revenue) is a reminder that cashflow is lumpy and highly dependent on winter and summer peaks. Regulation is the gating factor: STRs are legal only in specific zones, with a 15% TOT, annual fees, and strict enforcement. Zoning and HOA restrictions sharply limit where STRs are legal, and any expansion requires a public vote; see Mammoth Lakes STR regulations for the latest compliance map.

Mammoth Lakes is a yield-driven, tightly regulated STR market where professional operators with regulatory fluency and seasonal pricing discipline can capture outsized returns—if they can secure legal inventory.

Chalet exclusive

The market average hides a two-tier reality

Most market reports quote a single average, but in every STR market a wide gap separates full-time professional operators from part-time and underperforming listings. Underwriting against that average understates the upside for operators willing to do the work — and overstates it for everyone else.

Chalet's active-operator benchmark filters out part-time and dormant listings so you can underwrite against what real operators in this market actually earn.

Top Quartile Operators$104,485

Top 25% of 581 listings

Active Operator Average$68,878

← This is your real underwriting benchmark

All-Listings Average$55,704

What typical market reports quote — every listing, incl. part-time

Where are you in your STR journey?

Three ways investors typically use this page. Pick the one that matches you.

Highest ROI segment

I'm converting an LTR to STR

See the revenue lift and occupancy upside of switching a long-term rental to a short-term in Mammoth Lakes.

Run LTR → STR comparison

Monthly Revenue & Seasonality

Revenue per active listing in Mammoth Lakes, CA, by month. Demand peaks Dec–Feb.

Monthly Revenue Trend

Revenue per active listing by month in Mammoth Lakes, CA

$4,961

Season	Occ.	Revenue
Summer Jun–Aug	49%	$4,825
Spring Mar–May	40%	$4,902
Fall Sep–Nov	37%	$4,521
Winter Dec–Feb	55%	$7,180

Monthly Occupancy & Daily Rates

How occupancy and ADR move through the year — peak, shoulder, and low season patterns.

Monthly Occupancy Rate

Annual avg 46% · peaks at 62% in Aug

62% (Aug)

Summer peak

46%

Annual avg

Revenue by Bedroom Count

Annual revenue, occupancy, and ADR by bedroom configuration — Mammoth Lakes runs mostly 2 Bedrooms, but 5 Bedrooms deliver the highest annual revenue.

Bedrooms	Listings	Occupancy	ADR	Annual Revenue
Studio	76	48%	$229	$40,259
1 Bedroom	563	51%	$258	$48,113
2 BedroomMost common	902	47%

Home Values & Guest Demand

Median home-value trend and where Mammoth Lakes guests travel from.

Median Home Value

$823,969▲ 1.53% YoY

Source: Zillow ZHVI

Peak: $829,052 in Mar 2026

Mammoth Lakes home values are roughly flat — acquisition cost is stable for now, so cash-flow modeling should focus on revenue and expenses, not appreciation.

Where Guests Come From

Top origin cities · Mammoth Lakes

Best Zipcodes for Airbnb in Mammoth Lakes (2026)

Top-performing zipcodes ranked by gross yield. Click any zipcode for full analytics.

93546

Annual Rev

$70,340

Yield

Listings

3,078

Step 1: Find your Mammoth Lakes team

Match with Mammoth Lakes's top STR-specialist agents

Get matched with Mammoth Lakes, CA realtors who specialize in short-term rentals — they know which neighborhoods actually cash flow and which to avoid. We've vetted them all.

No fees · Average match in 5 minutes

2,052

Active STRs tracked in Mammoth Lakes

$824K

Median home value

Step 2: Line up financing

Match with STR-specialist lenders

Conventional lenders often won't underwrite STR income. We connect you with lenders who use DSCR, projected revenue, and Airbnb-specific underwriting.

Compliance & Rules

Airbnb Rules & Regulations in Mammoth Lakes, CA

Before setting up an Airbnb in Mammoth Lakes, review the local STR regulations and confirm any HOA restrictions on your specific property.

Full Mammoth Lakes STR regulation guide

Are Airbnbs legal in Mammoth Lakes, California?

Yes, Airbnbs are legal in Mammoth Lakes, but only in specific zones and with required registration and tax compliance.

Do I need a license to operate an Airbnb in Mammoth Lakes?

Yes, a Business Tax Certificate is required for all short-term rentals, including Airbnb, in Mammoth Lakes.

Step 3: Stress-test the deal

Calculate your Airbnb income potential in Mammoth Lakes, CA

Run any Mammoth Lakes address through Chalet's calculator — instant, data-backed estimates of occupancy, nightly rate, and annual revenue, plus cash flow and returns.

Calculate Your Income Potential

Mammoth Lakes market average

$70,340

/yr

Projected gross rental income at market occupancy and nightly rate.

Avg daily rate

$385

Occupancy

40%

Gross yield

Calculator unlocks the full per-property deal report.

Frequently Asked Questions

Direct answers to the questions investors ask most about this market.

Is Airbnb profitable in Mammoth Lakes, CA?

Yes. Operating a short-term rental in Mammoth Lakes, CA can be highly profitable. Listings see consistent guest demand, with hosts earning an average of $70,340 annually at 40% occupancy.

How much can you make on Airbnb in Mammoth Lakes, CA?

Hosts average $70,340 per year. Bedroom count drives the spread: Studios average $40,259, 1 Bedrooms average $48,113, 2 Bedrooms average $63,452.

Trust & Sources

How we build this report

Data sources

Proprietary Chalet STR performance data (2,052 active listings tracked daily)
Local Chalet market-partner verification
City permit records and public county data

Methodology notes

Active operator = listing with sustained availability and booking activity over the trailing 12 months
Revenue figures are gross of platform fees, before operating expenses and taxes
Updated monthly · last refresh July 2026

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Information provided is for educational purposes only and does not constitute financial, legal, or investment advice.

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Mammoth Lakes, CA