Last updated on March 17th, 2023
best cities to Airbnb in colorado
Key Takeaways
- Learn about the earning potential of property investments in the market. Get to know which property size gives the best gross rental yield!
- Colorado has a high quality of life as well as a 16% higher cost of living than the national average. This is why investment properties in Colorado should be more thoughtfully considered.
- Accurate and comprehensive short-term rental analytics can guide Colorado real estate investors as they pinpoint their next Airbnb market.
Introduction
You do not have to plow the snow just to look for profitable Denver real estate rental properties. With the right investment tools such as data analytics, you can easily find one or more short-term real estate properties and turn Colorado into your own winter wonderland of high-potential income!
You might be asking, “how do I get started with short-term rental data analytics, and what do I get from it?” Then this article answers these questions. It will also give you the best Airbnb markets in Colorado for you to consider.
Challenges of Getting a Property in Denver and Nearby Cities
While Colorado has a high quality of life, this sadly equates to a high cost of living. This is 16% higher than the national average. Of course, its real estate properties are not exempted from this.
But this should not dissuade investors from entering the Colorado short-term real estate market! In fact, state tourism is continuously recovering and is expected to see upward projections. As the pandemic is getting controlled, visitors continue to come on business and leisure trips to the Centennial State.
Is Denver a Good Real Estate Investment?
Aside from the optimism about the number of tourists coming in, real estate properties in Denver are starting to dip for the first time in decades. This is favorable news – not just to future homeowners, but also to property investors in Denver.
Best Airbnb Markets in Colorado
Using the data pulled out from Airbtics Discovery Tool, here are the 20 best places for an Airbnb property in Colorado with their corresponding key important metrics:
1. Denver
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $805,378
- Airbnb Annual revenue: $116,929
- Gross rental yield: 14.52%
2. Aurora
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $378,250
- Airbnb Annual revenue: $37,066
- Gross rental yield: 9.8%
- Distance: 16 miles from Denver (22 minutes drive)
3. Boulder
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $565,463
- Airbnb Annual revenue: $76,841
- Gross rental yield: 13.59%
- Distance: 25 miles from Denver (33 minutes drive)
4. Winter Park
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $656,153
- Airbnb Annual revenue: $56,156
- Gross rental yield: 8.56%
- Distance: 43 miles from Denver ( 1 hour and 23 minutes drive)
5. Keystone
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $558,133
- Airbnb Annual revenue: $42,667
- Gross rental yield: 7.64%
- Distance: 52 miles from Denver (1 hour and 32 minutes drive)
6. Granby
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $504,495
- Airbnb Annual revenue: $39,849
- Gross rental yield: 7.9%
- Distance: 54 miles from Denver (1 hour and 51 minutes drive)
7. Dillon
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $862,720
- Airbnb Annual revenue: $54,850
- Gross rental yield: 6.36%
- Distance: 57 miles from Denver (1 hour and 16 minutes drive)
8. Breckenridge
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $2,119,212
- Airbnb Annual revenue: $170,023
- Gross rental yield: 8.02%
- Distance: 59 miles from Denver (1 hour and 35 minutes drive)
9. Frisco
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $1,326,276
- Airbnb Annual revenue: $95,207
- Gross rental yield: 7.18%
- Distance: 60 miles from Denver (1 hour and 21 minutes drive)
10. Colorado Springs
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $534,615
- Airbnb Annual revenue: $75,390
- Gross rental yield: 14.1%
- Distance: 62 miles from Denver (1 hour and 5 minutes drive)
11. Fairplay
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $558,626
- Airbnb Annual revenue: $79,813
- Gross rental yield: 14.29%
- Distance: 65 miles from Denver (1 hour and 37 minutes drive)
12. Fort Collins
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $643,298
- Airbnb Annual revenue: $114,455
- Gross rental yield: 17.79%
- Distance: 69 miles from Denver (1 hour and 4 minutes drive)
13. Vail
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $995,721
- Airbnb Annual revenue: $137,640
- Gross rental yield: 13.82%
- Distance: 73 miles from Denver (1 hour and 55 minutes drive)
14. Avon
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $752,616
- Airbnb Annual revenue: $66,683
- Gross rental yield: 8.86%
- Distance: 82 miles from Denver (2 hours and 4 minutes drive)
15. Aspen
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $3,008,407
- Airbnb Annual revenue: $286,271
- Gross rental yield: 9.52%
- Distance: 106 miles from Denver (3 hours and 51 minutes drive)
16. Steamboat Springs
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $438,921
- Airbnb Annual revenue: $44,613
- Gross rental yield: 10.16%
- Distance: 109 miles from Denver (3 hours and 11 minutes drive)
17. Snowmass Village
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $661,717
- Airbnb Annual revenue: $100,353
- Gross rental yield: 15.17%
- Distance: 110 miles from Denver (3 hours and 48 minutes drive)
18. Mount Crested Butte
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $533,392
- Airbnb Annual revenue: $64,380
- Gross rental yield: 12.07%
- Distance: 120 miles from Denver (4 hours and 24 minutes drive)
19. Telluride
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $684,908
- Airbnb Annual revenue: $92,111
- Gross rental yield: 13.45%
- Distance: 197 miles from Denver (6 hours and 9 minutes drive)
20. Pagosa Springs
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $272,986
- Airbnb Annual revenue: $30,524
- Gross rental yield: 11.18%
- Distance: 204 miles from Denver (5 hours drive)
Conclusion
Finding profitable investment properties in Colorado should not be difficult if investors are equipped with the right investment tools. Backed by short-term rental data analytics from Airbtics, investors can use accurate and indispensable information for them to maximize investment returns.
If you’d like to see how data can guide you from the get-go, you can use our Airbnb Calculator and see for yourself how far or close you are to your real estate investment goals!
Ramon Meris is a content writer for Airbtics. Guided by data analytics, he produces articles on various US short-term rental markets. Outside work, he is a reader, animal lover, and foreign language learner.
