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Steamboat Springs, 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
$3,440
Monthly Cash Flow
-$3,247
Principal + Equity
$11,968
Annual Total Gain
$104,651
Cash on Cash
-11.99%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$383
Occupancy Rate
50%
Monthly Revenue
$4,075
Monthly Cash Flow
-$3,223
Principal + Equity
$11,968
Annual Total Gain
$104,936
Cash on Cash %
-11.91%
Net ROI %
Market Health & Growth
Median Income
$100,156
Population
13,341
LTR Renter %
31.5%
Forecast (1 yr)
5.1%
Appreciation (1 yr)
1.13%
Appreciation (5 yr)
83.35%
Appreciation (10 yr)
162.51%
Job Growth
1.62%
LTR Rentability
High
STR Demand
62
STR Rentals
3,288
Top Public Schools
A-Steamboat Springs Middle School
BSoda Creek Elementary 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
#44out of 148 markets
Best Places to Raise a Family in Colorado
#54out of 278 markets
Places with the Best Public Schools in Colorado
#18out of 149 markets
A-
Public School
C
Crime And Safety
C
Housing
B
Nightlife
A-
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 Steamboat Springs, CO.
Steamboat Springs, CO has specific regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose.
1. Licensing: All short term rentals in Steamboat Springs must be licensed with the city. This includes obtaining a sales tax license and a short term rental permit.
2. Zoning: The city has specific zoning regulations for short term rentals, so it's important to ensure that the property is located in a zone where short term rentals are allowed.
3. Occupancy limits: There are occupancy limits for short term rentals in Steamboat Springs, with a maximum of 12 people allowed to stay in a property at one time.
4. Noise and nuisance regulations: The city has strict regulations in place regarding noise and nuisance complaints from short term rental properties. Investors should be aware of these regulations and ensure that their guests are respectful of neighbors.
5. Safety regulations: Short term rental properties in Steamboat Springs must adhere to certain safety regulations, such as having working smoke detectors and carbon monoxide detectors.
6. Parking regulations: There are specific parking regulations for short term rental properties in Steamboat Springs, so investors should ensure that there is adequate parking available for guests.
7. Compliance with HOA rules: If the property is located in a homeowners association (HOA), investors should be aware of any additional rules and regulations that may apply to short term rentals within the community.
Overall, investors should thoroughly research and understand the regulations and requirements for short term rentals in Steamboat Springs before purchasing a property for this purpose. Failure to comply with these regulations could result in fines or other penalties, so it's important to be informed and prepared.
Market Trends Over Time
Explore 25 years of market data for Steamboat Springs, 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 Steamboat Springs, CO.
The LTR Genie Score of Steamboat Springs, CO is 78 and STR Genie Score is 67, indicating a high and moderate level of attractiveness for long-term rental and short-term rental investments, respectively. The high LTR Genie Score can be attributed to the high LTR Rentability and LTR Net ROI of 32.22%, while the moderate STR Genie Score is influenced by the STR Revenue and STR Occupancy rate of 50.0. The 1-Year Price Appreciation Forecast of 5.1% suggests potential growth in property value in Steamboat Springs.
Steamboat Springs, CO is a popular ski resort town known for its world-class skiing and outdoor recreational activities, making it a desirable destination for tourists and potential renters. The town's strong tourism industry and natural beauty contribute to its appeal as a real estate investment location.
Overall, Steamboat Springs, CO appears to be an attractive market for both long-term rental and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to capitalize on the town's tourism industry and potential for property value appreciation.
LTR Genie Score 93
$399,000
🛏 2 Beds🛁 2.0000 Baths🏙 881 sqft.🏠 CONDO
1650 Mid Valley Drive UNIT 1209, Steamboat Springs, CO 80487