Colorado's Airbnb Investment Wonderland: Finding Gems in the Rockies

Awning's Top Airbnb Market tool makes it a breeze to discover the cream of the crop among Airbnb markets nationwide. With monthly updates, this comprehensive tool presents rankings and direct links to the Airbnb data of each market, empowering you to make well-informed decisions.

Exploring Colorado's Airbnb investment landscape reveals a wealth of opportunities, each best suited for specific investor profiles:

1. Creede, CO - Best for investors seeking growth in a small, outdoorsy market
2. Black Hawk, CO - Best for investors looking for stability with relaxed regulations on short-term rentals
3. Cripple Creek, CO - Best for investors looking for stability in a tourist-heavy market
4. La Veta, CO - Best for investors seeking a low-risk, sustainable investment
5. Morrison, CO - Best for outdoor-loving investors seeking to provide unique experiences
6. Tabernash, CO - Best for investors capitalizing on year-round tourism demand
7. Crestone, CO - Best for investors targeting a niche, spiritual-conscious market
8. Georgetown, CO - Best for investors interested in history and outdoor recreation
9. Leadville, CO - Best for investors looking for a balance of adventure and relaxation
10. Durango, CO - Best for investors seeking a solid return in a scenic, activity-rich location

1. Creede, CO

Creede, CO stands as an inviting canvas for investors seeking both financial prosperity and a touch of mountain charm. This small town is a popular summer and winter vacation destination, with its abundance of outdoor activities such as skiing, hiking, and fishing, holds the promise of a rewarding investment journey.

Investing in Airbnb properties in Creede can yield impressive returns, with an enticing ROI of 11%. ADR of $160 and an occupancy rate of 56% contribute to an estimated annual revenue of $23,000. While the market size remains small, with 35 active Airbnb listings, this limited supply translates into an exclusive opportunity for investors to carve their niche in this enchanting market. The average Airbnb price of $253,000 indicates potential for property appreciation and favorable long-term gains.

To truly captivate the hearts of guests, go the extra mile to provide personalized recommendations and insights into the local attractions and hidden gems that make Creede truly special. Suggest the best trails for hikers, the most promising fishing spots for anglers, or the coziest cafes to savor a cup of coffee.

Consider also crafting a cozy and inviting atmosphere for your guests, where they can unwind after a day of exploration. From rustic mountain cabins adorned with vintage skis to cozy lodges featuring warm fireplaces and inviting porches, embrace the essence of this tranquil town and create an unforgettable retreat.

This market is ideal for those who are looking for a more hands-on approach to managing their Airbnb properties, as there are fewer property management companies in the area. Overall, Creede, CO’s allure as a year-round vacation destination, coupled with its proximity to thrilling outdoor activities, sets the stage for a rewarding venture.

2. Black Hawk, CO

Black Hawk, CO is an enticing prospect for investors venturing into the realm of Airbnb rentals. Positioned in close proximity to esteemed ski resorts and lively casinos, this captivating town offers an irresistible allure to thrill-seeking vacationers in search of excitement and unforgettable experiences. With its relaxed regulations on short-term rentals, Black Hawk presents a golden opportunity for investors to capitalize on the thriving hospitality industry.

Delving into the numbers, investing in Black Hawk can yield a commendable ROI of 9%. This promising return on investment sets the stage for a substantial revenue stream of $48,000, supported by the average Airbnb price of $576,000 that prevails in this small-sized market. Boasting a considerable number of 153 active Airbnbs, hosts can tap into the robust demand and benefit from an impressive occupancy rate of 81%. Such favorable figures ensure a steady flow of guests, providing a solid foundation for sustainable income generation.

Black Hawk's enviable location, nestled amidst majestic ski resorts and vibrant casinos, sets the scene for a unique and compelling experience. Enthusiasts of winter sports are drawn to the allure of fresh powder on the slopes, while gaming enthusiasts are captivated by the electric atmosphere of the local casinos. This fusion of outdoor adventure and thrilling entertainment fuels an ever-present demand for accommodations, positioning your property as a gateway to an unforgettable stay in the region.

To unlock the full potential of your investment in Black Hawk, consider tailoring your offerings to cater to the needs and desires of your guests. Arrange convenient shuttle services to nearby ski resorts, provide easy access to ski rental services, offer recommendations for the best après-ski spots, give access to exclusive casino events, or collaborate with adventure outfitters to organize exhilarating outdoor excursions.

In Black Hawk, the convergence of thrilling pursuits, dynamic entertainment, and a relaxed regulatory environment presents an unparalleled opportunity for investors seeking to make their mark in the flourishing world of Airbnb rentals. With a keen eye for potential, an astute investment in this sought-after market can yield substantial rewards and position you as a frontrunner in the realm of hospitality.

3. Cripple Creek, CO

Cripple Creek, with its close proximity to renowned tourist attractions like Pikes Peak and the Royal Gorge Bridge, offers a winning combination of historic charm, outdoor adventures, and a vibrant tourism scene.

The towering presence of Pikes Peak invites outdoor enthusiasts to conquer its peaks, revel in breathtaking panoramas, and indulge in a myriad of exhilarating activities. Crossing the iconic Royal Gorge Bridge,suspended high above the rushing Arkansas River, presents a thrilling experience that gives visitors an adrenalin rush. The abundance of outdoor activities, including hiking, fishing, and horseback riding, ensures that every adventurer will find their bliss in this remarkable destination.

Moreover, exploring the town's preserved Victorian buildings and immersing oneself in the captivating tales of its past evokes a deep appreciation for the storied heritage that permeates Cripple Creek.

Investing in Airbnb properties in Cripple Creek presents an ROI of 6%. The town's ADR of $166 and a healthy occupancy rate of 70% contribute to an estimated annual revenue of $27,000. While the market size remains relatively small, with 113 active Airbnb listings, this limited supply creates a sense of exclusivity and potential for higher demand.

Consider investing in or restoring properties that showcase the town's unique character and heritage. Whether it's a cozy Victorian-style cottage or a rustic cabin that captures the essence of the Old West, embracing the town's historic aesthetic can create a distinctive and memorable experience for your guests.

Furthermore, take advantage of the town's abundant outdoor activities to enhance the guest experience. Provide information on nearby hiking trails, scenic drives, or opportunities for gold panning, allowing visitors to immerse themselves in the natural wonders that surround Cripple Creek. By catering to the adventurous spirit of your guests, you can position your property as a gateway to unforgettable outdoor experiences.

4. La Veta, CO

Investing in short-term rentals in La Veta, CO is a smart choice for investors looking to tap into a lucrative market. The town's stunning mountain vistas and abundant outdoor activities make it a sought-after destination for visitors, particularly outdoor enthusiasts. Whether it's hiking through scenic trails, hitting the slopes for a day of skiing, or casting a line in the nearby fishing spots, La Veta offers a diverse range of recreational opportunities.

In terms of returns, La Veta promises an ROI of 5%. The town's ADR of $177 and a healthy occupancy rate of 59% contribute to an estimated annual revenue of $30,000. While the market size may be considered small with 58 active Airbnb listings, this limited supply creates an opportunity for investors to stand out and become the preferred choice for visitors seeking a tranquil mountain retreat.

The mesmerizing mountain vistas that surround La Veta serve as an enchanting backdrop for your Airbnb property. Consider investing in homes or cabins that offer panoramic views, allowing guests to immerse themselves in the natural splendor that defines this area. Create a cozy and inviting atmosphere that showcases the charm of the mountains, with comfortable furnishings and thoughtful touches that make guests feel at home.

Given the town's emphasis on outdoor activities, catering to the desires of adventure-seeking guests is key. Provide comprehensive information on nearby hiking trails, skiing resorts, and prime fishing spots, enabling your guests to fully enjoy the outdoor adventures that La Veta has to offer. Collaborating with local outfitters or guides to offer special packages or experiences can further elevate the appeal of your property.

Investors who would do well in this market are those who are looking for a low-risk investment with a steady return. The small market size and limited competition make it an ideal location for investors who want to avoid oversaturated markets. Tucked away in the embrace of magnificent mountain views, this picturesque town provides a serene and captivating escape for visitors, drawing in outdoor enthusiasts all year round.

5. Morrison, CO

Morrison, CO beckons investors with its proximity to Red Rocks Amphitheatre and the growing popularity of outdoor recreation in the area. It is a captivating blend of entertainment and natural splendor that attracts visitors from far and wide.

Investing in short-term rentals in Morrison can yield a solid ROI of 9%. With an ADR of $259 and an impressive occupancy rate of 79%, investors can anticipate a revenue of $54,000 per year. While the market size may be small, comprising only 38 active Airbnb listings, this limited supply creates a sense of exclusivity and opportunity for investors to establish themselves as super hosts.

What sets Morrison apart is its distinct allure as an entertainment hub. The legendary Red Rocks Amphitheatre attracts music enthusiasts from far and wide, hosting unforgettable concerts against a backdrop of stunning rock formations. As an investor, consider properties that provide seamless access to this iconic venue, offering a front-row experience for guests. Think of unique amenities like backstage tour packages or exclusive access to pre-show events, enhancing the overall concert experience and creating lasting memories for your guests.

Furthermore, leverage the burgeoning interest in outdoor recreation by showcasing the natural wonders surrounding Morrison. Highlight nearby hiking trails, scenic biking routes, and breathtaking viewpoints, enticing adventure seekers to choose your rental property as their basecamp for exploration. Consider partnering with local outfitters to offer guided excursions or provide complimentary gear rentals, ensuring your guests have everything they need to explore the captivating wilderness of Colorado.

Investing in short-term rentals in Morrison allows you to become a part of this captivating destination, offering guests a memorable stay surrounded by natural wonders and vibrant entertainment.

6. Tabernash, CO

Investing in Tabernash allows you to become a part of its thriving tourism industry, catering to travelers seeking an immersive mountain getaway. Located near popular ski resorts and outdoor recreational activities, this market offers a unique opportunity for investors to attract both winter and summer travelers.

The financial details of Tabernash, CO make it a good prospect for Airbnb investors. With an occupancy rate of 55% and revenue of $62k, investors can expect a steady stream of income throughout the year. The ROI of 7% is higher than the national average, making it a lucrative investment opportunity. The ADR of $375 is also higher than the state average, indicating that travelers are willing to pay a premium for the unique experiences that Tabernash, CO has to offer.

Tabernash's prime location near popular ski resorts grants visitors easy access to world-class slopes and exhilarating winter adventures. Emphasize the convenience of your properties for skiing enthusiasts, highlighting amenities such as ski storage, equipment rentals, or even partnerships with local ski schools to provide guests with personalized lessons.

Beyond the winter wonderland, Tabernash's allure extends to its abundant outdoor activities throughout the year. Promote the town's proximity to hiking and biking trails, fishing spots, and golf courses. Offer unique experiences, such as guided outdoor excursions or arranging access to exclusive outdoor clubs, to cater to the desires of adventure-seeking guests.

In addition to outdoor pursuits, Tabernash's growing tourism industry presents opportunities to promote the town's unique charm. Encourage guests to explore local attractions such as quaint shops, art galleries, and farm-to-table restaurants, showcasing the region's vibrant culture and culinary offerings.

By leveraging the town's proximity to ski resorts, promoting outdoor adventures, and embracing the local culture, you can position yourself as a premier choice for guests seeking an authentic and memorable experience in the heart of Colorado's majestic landscapes.

7. Crestone, CO

Crestone, CO is a captivating destination that entices Airbnb investors with its awe-inspiring natural beauty and reputation as a renowned spiritual retreat center. Nestled amidst the majestic Sangre de Cristo Mountains and serene landscapes, Crestone offers a unique opportunity to provide accommodations for visitors seeking tranquility and a connection to nature.

With a decent ROI of 6%, Crestone offers an opportunity for investors looking to enter the Airbnb rental market. The ADR of $132 and a market size of 201 Airbnbs contribute to an estimated annual revenue of $19,000. Its average Airbnb price of $296k makes it easier for those with a more modest capital seeking to try their hands on the hospitality industry.

To attract more guests, emphasize Crestone's unique positioning as a spiritual retreat center, appealing to travelers in search of peace, self-discovery, and rejuvenation. Showcase the unique opportunities for personal growth and self-reflection that the town offers, such as workshops, healing therapies, and spiritual guidance. Highlight the proximity of your properties to meditation centers, yoga studios, and holistic wellness facilities, offering a serene and nurturing environment for guests to unwind and reconnect with themselves.

Crestone's stunning natural surroundings provide abundant opportunities for outdoor enthusiasts. Showcase nearby hiking trails, scenic viewpoints, and wildlife encounters, catering to adventure seekers and nature lovers. Consider offering guided nature walks or organizing retreat packages that combine accommodation with wellness activities, providing a comprehensive experience for guests.

To stand out in Crestone's competitive market, infuse your properties with a sense of tranquility and serenity. Create spaces that reflect the natural surroundings, incorporating elements like earth tones, organic materials, and calming decor. Offer amenities such as private outdoor spaces, meditation areas, or access to healing practices like sound baths or energy work.

Engage with the local community and support the town's spiritual and ecological initiatives. Collaborate with local businesses, artisans, and practitioners to enhance the guest experience, offering workshops, classes, or holistic services that align with Crestone's ethos.

Investing in Crestone's Airbnb rental market allows you to tap into a unique and growing niche, attracting visitors seeking a blend of natural beauty, spiritual exploration, and peaceful accommodations. By showcasing the town's spiritual heritage, connecting guests with transformative experiences, and providing a haven of tranquility, you can position your properties as the ideal choice for those seeking a truly special retreat in Crestone, CO.

8. Georgetown, CO

In Georgetown, the allure of snow-capped peaks, outdoor adventures, and timeless charm converge to create a captivating investment opportunity in the world of Airbnb rentals. Whether guests seek thrills on the slopes, serenity in nature's embrace, or a journey through history, Georgetown offers an idyllic setting for their desires to unfold.

With an ROI of 7%, investing in Georgetown can yield a substantial revenue of $38,000. The average Airbnb price of $596,000 in this small-sized market reflects the exceptional value and desirability of properties in the area. With 113 active Airbnbs and a commendable occupancy rate of 70%, hosts can expect a steady flow of guests seeking to immerse themselves in the wonders and adventures that Georgetown has to offer.

What sets Georgetown apart is its captivating blend of natural splendor and rich history. As winter blankets the surrounding mountains, ski enthusiasts flock to world-class resorts just a stone's throw away, savoring the thrill of carving through powdery slopes. During the warmer months, the rugged trails and sparkling lakes of the nearby wilderness become an outdoor playground for hiking, fishing, and boating enthusiasts. Amidst it all, Georgetown's historic downtown invites visitors to step back in time, strolling along Victorian-era buildings and experiencing the charm of yesteryears.

To unlock the full potential of your investment in Georgetown, consider curating unique experiences that captivate your guests. Offer personalized recommendations for the best ski runs or hiking trails, collaborate with local outfitters to provide convenient access to outdoor gear rentals, or organize guided tours that unveil the town's fascinating history and architectural treasures. By infusing your property with a touch of Georgetown's unique charm and providing tailored experiences that cater to the diverse interests of your guests, you can create an unforgettable stay that sets you apart in this sought-after market.

9. Leadville, CO

Perched amidst the breathtaking beauty of Colorado's high peaks, Leadville emerges as a rising star in the realm of short-term rental investments. Boasting close proximity to world-class ski resorts, boundless outdoor recreation opportunities, and a rich tapestry of history and charm, Leadville captures the hearts of adventure seekers and history enthusiasts alike.

With a promising ROI of 7%, investing in Leadville can unlock a revenue stream of $29,000, showcasing the financial potential that lies within this small-sized market. The average Airbnb price of $451,000 reflects the allure of Leadville's properties, where guests can immerse themselves in the unique ambiance of this mountain town. Boasting a robust inventory of 269 active Airbnbs and a respectable occupancy rate of 62%, hosts can anticipate a steady flow of guests, eager to experience the wonders that Leadville has to offer.

Leadville's appeal is anchored in its strategic location, enveloped by world-class ski resorts and awe-inspiring natural landscapes. As winter blankets the surrounding peaks, powder enthusiasts gravitate to the slopes, indulging in the thrill of skiing and snowboarding against a backdrop of pristine white. Come summer, the mountains transform into a playground for hikers, mountain bikers, and nature enthusiasts, offering a tapestry of trails and vistas waiting to be explored. Amidst this captivating setting, Leadville's historic downtown beckons visitors with its well-preserved architecture and a glimpse into the town's rich heritage as a former mining boomtown.

To differentiate your properties in Leadville's competitive market, focus on providing a seamless and memorable guest experience. Offer amenities such as ski equipment storage, gear rental services, or guided outdoor excursions, catering to the needs of your adventure-seeking guests. Leverage local partnerships to offer exclusive deals or discounts for nearby attractions, enhancing the value proposition of staying in your rentals.

As guests embark on their alpine odyssey, seeking thrills on the slopes or solace in nature's embrace, Leadville stands ready to welcome them with open arms. Seize the moment, embrace Leadville's unique blend of historic charm and natural grandeur, and embark on an investment journey where dreams of alpine adventure become a reality, and the rewards of a flourishing short-term rental business come into fruition.

10. Durango, CO

Another top market for Airbnb investors in this state is the city of Durango. With its year-round tourism appeal, abundant outdoor recreation options, and proximity to renowned attractions like Mesa Verde National Park and the majestic San Juan Mountains, Durango captures the hearts of visitors from around the world.

The short-term rental market in Durango is highly competitive, but investors can still find opportunities to generate significant income. With an ROI of 5%, investing in Durango holds the potential to generate a revenue of $31,000. The average nightly rate for an Airbnb in Durango is $208, with an occupancy rate of 63%. The market size is large, with 1,115 active Airbnb listings in the area. However, investors should be prepared to pay a higher price for properties in this market, with an average home price of $744k.

Durango's main selling point lies in its status as a gateway to outdoor adventures and cultural discoveries. In the warmer months, the San Juan Mountains beckon with hiking trails that meander through breathtaking vistas, mountain biking routes that promise adrenaline-fueled thrills, and pristine rivers and lakes that invite fishing and water sports. As winter blankets the landscape, the mountains transform into a snowy playground, with world-class skiing, snowboarding, and snowshoeing opportunities attracting enthusiasts from near and far.

Beyond its natural wonders, Durango embraces its rich history, evident in its well-preserved downtown, filled with charming Victorian-era buildings, art galleries, boutiques, and inviting restaurants. The region's heritage comes alive at Mesa Verde National Park, where ancient cliff dwellings provide a fascinating glimpse into the lives of the Ancestral Pueblo people. This blend of natural beauty and cultural heritage creates a compelling draw for visitors throughout the year.

To unlock the full potential of your investment in Durango, embrace the opportunity to craft unforgettable moments that transcend the ordinary. Collaborate with local artisans and craftsmen to offer exclusive workshops, where guests can immerse themselves in the artistry and traditions of the region. Arrange private guided tours that unveil the hidden gems of Durango, from secluded hiking trails with breathtaking vistas to secret spots where the vibrant local culture comes to life.

By weaving together these unique elements, you can create an extraordinary stay that leaves a lasting impression on your guests and sets your property apart in this exceptional market.

Bottom Line

Colorado presents a multitude of lucrative Airbnb investment opportunities, each with distinct advantages. From the tranquil spiritual retreats in Crestone to the bustling casinos of Black Hawk, investors can choose from a range of markets based on their preferences, investment goals, and risk tolerance. Regardless of the chosen market, success hinges on a thorough understanding of the local dynamics, customer preferences, and consistent delivery of high-quality guest experiences.