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Lakewood, 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
$1,828
Monthly Cash Flow
-$1,352
Principal + Equity
$3,425
Annual Total Gain
$24,873
Cash on Cash
-11.41%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$182
Occupancy Rate
74.19%
Monthly Revenue
$2,990
Monthly Cash Flow
-$639
Principal + Equity
$3,425
Annual Total Gain
$33,430
Cash on Cash %
-5.39%
Net ROI %
Market Health & Growth
Median Income
$85,789
Population
156,309
LTR Renter %
41.92%
Forecast (1 yr)
-0.64%
Appreciation (1 yr)
-2.4%
Appreciation (5 yr)
26.6%
Appreciation (10 yr)
84.3%
Job Growth
0.65%
LTR Rentability
Low
STR Demand
76
STR Rentals
5,333
Top Public Schools
AD'Evelyn Junior/Senior High School
A-DSST: Cedar High School
A-
A-
A-
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
Healthiest Cities in America
#48out of 229 markets
Healthiest Places to Live in America
#48out of 230 markets
Best Cities for Outdoor Activities in America
#51out of 229 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 Lakewood, CO.
In Lakewood, CO, short term rentals (STRs) are regulated by the city's zoning code and licensing requirements. Here are some key regulations that an investor should be aware of before investing in purchasing a property for short term rental in Lakewood:
1. Zoning Restrictions: Lakewood has specific zoning regulations that dictate where short term rentals are allowed to operate. It is important for investors to check the zoning regulations for the specific property they are interested in to ensure that short term rentals are permitted in that area.
2. Licensing Requirements: In order to operate a short term rental in Lakewood, property owners must obtain a short term rental license from the city. This license must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the license.
3. Occupancy Limits: Lakewood has occupancy limits for short term rentals, which specify the maximum number of guests that are allowed to stay in a property at one time. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Safety and Health Regulations: Short term rentals in Lakewood must meet certain safety and health regulations, such as having working smoke detectors, carbon monoxide detectors, and fire extinguishers. Investors should ensure that their property meets these requirements before renting it out.
5. Taxation: Short term rentals in Lakewood are subject to lodging taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
Overall, investors should thoroughly research and understand the regulations and requirements for short term rentals in Lakewood before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and even the revocation of the short term rental license.
Market Trends Over Time
Explore 25 years of market data for Lakewood, 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 Lakewood, CO.
The LTR Genie Score of Lakewood, CO is 48 and STR Genie Score is 63, indicating a moderate score for long-term rental and a high score for short-term rental. The low LTR Rentability and 1-Year Price Appreciation Forecast contribute to the lower LTR Genie Score, while the higher STR Genie Score is likely due to the strong STR Net ROI and occupancy rate.
Lakewood, CO is a suburb of Denver known for its proximity to outdoor recreational activities and a growing economy. With a diverse housing market and a mix of urban and suburban neighborhoods, investors may find opportunities in both long-term and short-term rental properties.
Based on the metrics provided, Lakewood, CO may be more attractive for short-term rental investment due to the higher STR Genie Score and potential for higher ROI. However, investors should carefully consider their investment goals and risk tolerance before deciding on a strategy. It may be beneficial to explore a combination of both long-term and short-term rental options in this market.
