Denver, Colorado Short-Term Rental Market Overview
Visitor Profile
The typical visitor to Denver, Colorado, is a diverse mix of travelers who are often drawn by the city’s vibrant cultural scene, outdoor recreational opportunities, and proximity to the Rockies. Many visitors include leisure travelers such as couples or solo adventurers seeking a blend of city attractions—museums, restaurants, and modern amenities—with outdoor activities like hiking or mountain excursions. The city also attracts a significant number of domestic tourists, including families and groups attending conferences or events, who are interested in exploring Denver’s outdoor beauty, historical sites, and craft beverage scenes. Visitors tend to appreciate authentic local experiences, such as artisan dining, cultural festivals, and outdoor exploration, indicating that short-term rentals should appeal to those looking for a comfortable base from which to enjoy both urban and natural attractions.
Top Attractions
Denver is renowned for its vibrant blend of outdoor adventures and cultural attractions. Visitors can marvel at the breathtaking scenery of Rocky Mountain National Park, just a short drive away, where over 350 miles of trails wind through wildflower valleys, waterfalls, alpine lakes, and snow-capped peaks. The city itself buzzes with energy and offers diverse experiences, from catching a concert at the iconic Red Rocks Park Amphitheatre to exploring the Denver Art Museum or wandering through lively neighborhoods like Larimer Square. Downtown Denver boasts a mix of historical landmarks, world-class museums, and bustling markets, making it perfect for those looking to immerse themselves in local culture.
For outdoor enthusiasts and history buffs alike, Denver provides an endless array of reasons to visit. The city’s scenic beauty extends beyond the mountains with attractions like the Denver Botanic Gardens, Denver Zoo, and Dinosaur Ridge. Sports fans can cheer on their favorite teams at Coors Field, while music lovers can enjoy live performances in the city’s thriving music scene. Whether seeking outdoor escapades, cultural enrichment, or vibrant nightlife, Denver’s diverse attractions promise an unforgettable experience that captures the spirit of adventure and artistry.
Regulations
Short-term rental hosting in Denver, Colorado, operates within a regulated framework designed to balance residential community interests with the flexibility of short-term leasing. Hosts can expect a comprehensive set of rules encompassing licensing, zoning, occupancy limits, safety standards, and tax responsibilities. Compliance requires understanding these specifics, which address legality, neighborhood impact, and operational standards to maintain a good standing and avoid penalties.
Key Regulatory Considerations:
– Licensing and Permits: Hosts must obtain a Short-Term Rental Permit issued by the City and County of Denver. The application process involves submitting specific property information and paying a permit fee. Permits typically require annual renewal to remain valid.
– Primary Residence Requirements: Denver mandates that the short-term rental property be the host’s primary residence. Rentals are generally limited to a maximum number of nights per year if the property is not the primary residence, ensuring community integrity and reducing absentee landlord risks.
– Zoning and Location: Only properties within certain residential zones are eligible for short-term rental operation. Restrictions apply to commercial zones and certain neighborhoods to align with local land use policies.
– Occupancy, Health & Safety: There are set limits on the number of guests permitted based on the size and configuration of the rental unit. Safety requirements include installation of smoke detectors, carbon monoxide alarms, and fire extinguishers, with adherence to building and fire codes enforced.
– Tax Obligations: Hosts are required to collect and remit applicable transient occupancy taxes and sales taxes to city authorities. Proper registration with the tax departments and timely payments are mandatory.
– Operational Standards & Enforcement: Advertising must accurately represent the rental unit and comply with city guidelines. Noise regulations, guest conduct agreements, and routine inspection rights ensure neighborhood peace and safety. Non-compliance can result in fines, permit revocation, or other penalties.
For the most current and legally binding information, property owners should consult the City of Denver’s Official Short-Term Rental Regulations Page.
Denver, Colorado Market Performance Trends
Denver, Colorado Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:56.4% Booked
- 4-6 Months:56.9% Booked
- 7-9 Months:56.9% Booked
- 10-12 Months:18.7% Booked
Cancellation Policies
- Flexible:27.4%
- Moderate:45.7%
- Strict:25.1%
- Super Strict:25.1%
- N/A:1.4%
Minimum Stay
- 1 Day:1,459
- 2 Days:1,145
- 3 Days:488
- 4-6 Days:251
- 7-29 Days:993
- 30+ Days:808
