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Durango, CO Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,016
Monthly Cash Flow
-$1,859
Principal + Equity
$4,615
Annual Total Gain
$33,069
Cash on Cash
-11.91%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$289
Occupancy Rate
51.72%
Monthly Revenue
$3,524
Monthly Cash Flow
-$880
Principal + Equity
$4,615
Annual Total Gain
$44,820
Cash on Cash %
-5.63%
Net ROI %
Market Health & Growth
Median Income
$79,545
Population
19,257
LTR Renter %
44.57%
Forecast (1 yr)
2.9%
Appreciation (1 yr)
1.54%
Appreciation (5 yr)
56.57%
Appreciation (10 yr)
87.15%
Job Growth
-0.61%
LTR Rentability
Moderate
STR Demand
52
STR Rentals
1,515
Top Public Schools
BPark Elementary School
BDurango High School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Retire in Colorado
#48out of 148 markets
Best Places for Young Professionals in Colorado
#91out of 278 markets
Places with the Best Public Schools in Colorado
#27out of 149 markets
B
Public School
C
Crime And Safety
C-
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Durango, CO.
In Durango, CO, Short Term Rentals (STRs) are subject to regulations set forth by the city government. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: The city of Durango has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing Requirements: In order to operate a STR in Durango, property owners must obtain a short term rental license from the city. This license must be renewed annually and there are fees associated with the application process.
3. Occupancy Limits: The city of Durango has established occupancy limits for STRs in order to prevent overcrowding and ensure the safety of guests. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Durango has noise and nuisance regulations in place to protect the quality of life for residents in the community. Investors should be aware of these regulations and take steps to ensure that their guests are respectful of their neighbors.
5. Taxation: Property owners who operate STRs in Durango are required to collect and remit lodging taxes to the city. Investors should be aware of these tax obligations and factor them into their financial planning.
6. Homeowner's Association Rules: If the property is located within a homeowner's association (HOA), investors should review the HOA rules and regulations to ensure that STRs are permitted within the community.
By being aware of and compliant with these regulations, investors can ensure a smooth and successful operation of their Short Term Rental property in Durango, CO.
Market Trends Over Time
Explore 25 years of market data for Durango, CO, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Durango, CO.
The LTR Genie Score of Durango, CO is 63 and STR Genie Score is 63, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0%, while the STR Net ROI is slightly higher at 23.92%. The 1-Year Price Appreciation Forecast is 2.9%, suggesting potential for property value growth.
The LTR and STR Genie Scores are likely similar due to the balanced market conditions in Durango, CO. The moderate scores indicate that while there are opportunities for both long-term and short-term rentals, investors may need to carefully consider factors such as occupancy rates and rental growth potential.
Durango, CO is a popular tourist destination known for its outdoor recreational activities and scenic beauty. The city attracts visitors year-round, which could make it a good market for short-term rental investments. However, the relatively low LTR Rentability and Rent Growth Rate may suggest that long-term rental investments could be less lucrative in this market.
In conclusion, Durango, CO may be a suitable market for both long-term and short-term rental investments, depending on the investor's goals and risk tolerance. Investors should carefully analyze market trends and property performance metrics before making a decision.
