Wallace ID
Can I Airbnb in Wallace? 2026 Short-Term Rental Rules
Is Airbnb legal in Wallace?
Wallace sits in Idaho's Silver Valley and benefits from Idaho's sweeping new HB 583 (signed March 16, 2026, effective July 1, 2026), which prohibits local governments from requiring any STR license, fee, permit, or registration and bars any rules that single out STRs vs. other residential uses — one of the most permissive STR preemption laws in the country. At a median list price around $279K and an ADR of ~$195/night with ~35% average occupancy (~$19K/yr typical), Wallace is Idaho's most affordable STR-eligible market with a real upside ceiling: boutique supply (60 active listings), rising nightly rates, and a growing outdoor/ski tourism draw mean well-positioned hosts can significantly outperform the average. Gross yield on entry-level properties can exceed 8–9% at the right price point. Recent/pending changes: The most significant recent change is Idaho HB 583, signed in early 2026 and effective July 1, 2026, which tightened preemption by explicitly barring cities and counties from requiring any STR permit or license and from capping the number of rentals. This is a major liberalizing shift for operators in Wallace and statewide. Prior iterations of the law (§ 67-6539, originally 2017, amended 2018) already prohibited outright bans, but the 2026 amendment goes further by removing even permitting authority.
Last verified August 4, 2026 (58 days ago). Short-term rental rules can change between checks. Confirm current requirements with the jurisdiction before relying on this for a real decision.
Key facts
No annual cap
No minimum stay
No primary-residence requirement
No permit required
8% lodging tax
New permits open
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Legal summary
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Jurisdiction breakdown
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Short-term rental rules near Wallace
All Idaho cities →How we research this
The STRVE Score is our own regulation rating, built from seven levels of authority: state, county, town, HOA, deed restrictions, special districts, and platform rules. Each level is scored separately, with its own citations and the date we verified it. The headline number is the strictest of the seven, never an average, because the tightest rule is the one that governs you.
We keep a history of what a city's rules said before and when they changed, so a score that moves is traceable to the rule that moved it.
- Highly permissive
- 90+
- Friendly
- 70–89
- Moderate
- 45–69
- Heavily restricted
- 20–44
- Effectively banned
- 0–19
Not legal advice
STRVE is a research tool, not financial or legal advice. Always verify regulation, tax, and permitting details with the local jurisdiction and a licensed professional before you buy.
The STRVE Score and the seven-level breakdown are our own rating framework, not an official or government rating, and no jurisdiction endorses or reviews them. The rules behind them are researched from public sources with AI assistance and are current only as of the verification date shown, so they can be incomplete, outdated, or wrong. None of it substitutes for advice from local counsel. Confirm every permit, tax, occupancy, and zoning requirement against the jurisdiction's own municipal code and with an attorney licensed in that jurisdiction before you buy, list, or operate. Terms of Service