Airbnb Rules and Regulations in Denver, Colorado

In Denver, Colorado, short-term rental hosts must navigate a complex web of regulations to operate legally in 2024. The city requires all Airbnb properties to be the host's primary residence, with owners residing there for at least 185 days annually. Hosts must obtain a short-term rental license and include the license number in their listing. The application process involves submitting proof of primary residence, possessing the property, and paying a $100 fee.

Licensed rentals must adhere to safety standards, including functioning smoke detectors, carbon monoxide detectors, and fire extinguishers. Hosts are responsible for collecting and remitting applicable taxes, such as the 10.75% lodger's tax. Failure to comply with these Denver STR regulations can result in hefty fines of up to $999 per incident. With strict zoning laws prohibiting non-owner occupied rentals, Denver remains one of Colorado's most restrictive markets for Airbnb investors.

Denver Airbnb Market Data:

• Average Revenue – $38.8K per year
• Average Daily Rate – $205.6 per night
• Average Occupancy Rate – 65%
• Average RevPAR – $133.5
• Average Home Prices – $563,372

1. Top Place to Invest in Denver, Colorado - Chaffee Park

Nestled in the heart of Denver, Chaffee Park is a hidden gem that offers a perfect blend of urban convenience and suburban charm. This up-and-coming neighborhood has been gaining attention from savvy Airbnb investors looking to capitalize on its growing popularity and untapped potential.

Chaffee Park Airbnb Market Data

• Average Revenue – $44.8K per year
• Average Daily Rate – $229.8 per night
• Average Occupancy Rate – 68%
• Average RevPAR – $155.4

Convenience - 7/10

Chaffee Park's central location makes it a convenient choice for both residents and visitors. The neighborhood is well-connected to major highways and public transportation, allowing for easy access to downtown Denver and other popular destinations. However, the area could benefit from more walkable amenities and local businesses.

Tourist Attractions - 5/10

While Chaffee Park may not boast a plethora of tourist attractions within its boundaries, its proximity to nearby hotspots makes it an attractive base for exploring Denver. The neighborhood is just a short drive from the trendy RiNo Art District, the bustling LoDo area, and the iconic Denver Zoo.

Things to Do - 6/10

Chaffee Park offers a laid-back vibe with a few notable attractions. Zuni Park provides a green oasis for outdoor enthusiasts, while the nearby Regis University adds a touch of cultural and educational appeal. The neighborhood could use more dining and entertainment options to enhance its overall allure.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Chaffee Park stands at $495,000, representing a 4.2% appreciation over the past year. This relatively affordable price point, combined with the area's growth potential, makes it an attractive option for investors seeking to maximize their Airbnb earnings.

Proximity to Work-Related Travel - 7/10

Chaffee Park's strategic location puts it within easy reach of several key work-related destinations. The neighborhood is just a 15-minute drive from the Denver Convention Center, making it a convenient choice for business travelers. Additionally, its proximity to major hospitals and sports venues adds to its appeal to a diverse range of guests.

X-Factor - 8/10

What sets Chaffee Park apart is its unique blend of old-school charm and modern potential. The neighborhood's historic homes and tree-lined streets create a welcoming atmosphere, while its growing popularity among young professionals and families hints at a bright future. Chaffee Park is poised for significant growth and transformation as more investors discover this hidden gem.

2. Top Place to Invest in Denver, Colorado - Golden Triangle

The Golden Triangle, a vibrant and culturally rich neighborhood in the heart of Denver, has emerged as a prime location for savvy Airbnb investors. With its unique blend of art, history, and modern amenities, this area offers a compelling investment opportunity for those seeking to capitalize on Denver's thriving short-term rental market.

Golden Triangle Airbnb Market Data

• Average Revenue – $53.9K per year
• Average Daily Rate – $258.8 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $168.8

Convenience - 9/10

Golden Triangle's central location is one of its greatest assets. Situated just south of downtown Denver, the neighborhood offers easy access to major highways, public transportation, and a wealth of local businesses. This convenience factor makes it an attractive choice for both short-term renters and long-term residents alike.

Tourist Attractions - 8/10

The neighborhood boasts an impressive array of tourist attractions, including world-class museums, galleries, and cultural institutions. Golden Triangle offers visitors a rich tapestry of art and history to explore, from the Denver Art Museum to the Clyfford Still Museum. While the area could benefit from a few more family-friendly attractions, its offerings will surely appeal to a wide range of travelers.

Things to Do - 7/10

Golden Triangle offers a diverse range of activities for residents and visitors. The neighborhood's thriving art scene is complemented by a growing number of restaurants, cafes, and bars. However, the area could use more green spaces and outdoor recreational opportunities to truly shine as a well-rounded destination.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Golden Triangle stands at $590,000, representing a modest 3.5% appreciation over the past year. While this price point may be attractive to some investors, it is higher than the Denver average of $563,372. The neighborhood's appreciation rate also lags behind some other areas of the city.

Proximity to Work-Related Travel - 8/10

Golden Triangle's strategic location makes it easy to reach several key work-related destinations. The neighborhood is just a short drive from the Colorado Convention Center, making it an ideal base for business travelers. Additionally, its proximity to major hospitals and the Pepsi Center adds to its appeal to a diverse range of guests.

X-Factor - 9/10

What sets Golden Triangle apart is its unique identity as a hub for art, culture, and creativity. The neighborhood's numerous galleries, studios, and public art installations create a vibrant atmosphere that is sure to appeal to travelers seeking an authentic Denver experience. As the area continues to evolve and attract new development, its x-factor is only set to grow stronger.

3. Top Place to Invest in Denver, Colorado - Speer

Speer, a charming and well-connected neighborhood in Denver, has been gaining traction among Airbnb investors seeking a promising location with untapped potential. Boasting a perfect blend of urban convenience and natural beauty, this area offers a unique investment opportunity for those looking to capitalize on Denver's thriving short-term rental market and start their own Airbnb business.

Speer Airbnb Market Data

• Average Revenue – $41.1K per year
• Average Daily Rate – $189.9 per night
• Average Occupancy Rate – 74%
• Average RevPAR – $143.9

Convenience - 9/10

One of Speer's greatest strengths is its unbeatable convenience. Situated just south of downtown Denver, the neighborhood offers quick and easy access to major highways, public transportation, and a plethora of local amenities. This prime location makes it an attractive choice for both short-term renters and long-term residents, ensuring a steady demand for well-appointed Airbnb properties.

Tourist Attractions - 7/10

While Speer may not be known as a tourist hotspot, it offers a few notable attractions that will appeal to visitors. The neighborhood is home to the beautiful Hungarian Freedom Park, which features stunning sculptures and a tranquil atmosphere. Additionally, its proximity to the Cherry Creek Trail provides ample opportunities for outdoor recreation and sightseeing.

Things to Do - 8/10

Speer offers diverse activities and experiences for residents and visitors alike. From exploring the vibrant art galleries and boutiques along South Broadway to indulging in the neighborhood's eclectic dining scene, there's never a dull moment in this dynamic area. The nearby Washington Park also provides a wealth of outdoor activities, including hiking, biking, and picnicking.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Speer stands at $575,000, representing a healthy 4.8% appreciation over the past year. While this price point may be slightly higher than the Denver average of $563,372, it remains an attractive option for investors seeking a balance between affordability and growth potential. The neighborhood's steady appreciation rate also bodes well for long-term investment prospects.

Proximity to Work-Related Travel - 8/10

Speer's strategic location puts it within easy reach of several key work-related destinations. The neighborhood is just a short drive from the Colorado Convention Center, making it an ideal base for business travelers. Additionally, its proximity to major hospitals, such as Rose Medical Center and Porter Adventist Hospital, adds to its appeal for medical professionals and visiting families.

X-Factor - 9/10

Its perfect blend of urban sophistication and natural beauty sets Speer apart. The neighborhood's tree-lined streets, historic homes, and abundant green spaces create a welcoming atmosphere that is sure to appeal to travelers seeking a genuine Denver experience. As the area continues to attract new development and investment, its unique character and charm are only set to grow stronger, making it a top contender for savvy Airbnb investors.

4. Top Place to Invest in Denver, Colorado - Five Points

Five Points, one of Denver's oldest and most diverse neighborhoods, is experiencing a renaissance, making it a prime location for savvy Airbnb investors. With its rich history, vibrant culture, and proximity to downtown, Five Points offers a unique investment opportunity for those looking to capitalize on the city's thriving short-term rental market.

Five Points Airbnb Market Data

• Average Revenue – $50.3K per year
• Average Daily Rate – $267.7 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $167.9

Convenience - 9/10

Five Points' central location is a major draw for both residents and visitors. The neighborhood is well-connected to the rest of the city via public transportation, including light rail and bus lines. This convenience factor, combined with its walkability and bike-friendly streets, makes Five Points an attractive choice for short-term renters seeking easy access to Denver's attractions.

Tourist Attractions - 7/10

While Five Points may not be a traditional tourist hotspot, it offers a wealth of cultural attractions that appeal to visitors seeking an authentic Denver experience. The Black American West Museum showcases the often-overlooked history of African Americans in the West, while the numerous jazz clubs and live music venues pay homage to the neighborhood's legacy as the "Harlem of the West."

Things to Do - 8/10

Five Points is a hub of activity with diverse restaurants, bars, and entertainment options. From the eclectic dining scene along Welton Street to the monthly art walks and festivals, there's always something happening in this vibrant neighborhood. The nearby RiNo Art District adds to the area's appeal with street art, galleries, and creative spaces.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Five Points stands at $799,000, representing a healthy 20.5% appreciation over the past year. While this price point may be higher than some other Denver neighborhoods, it remains relatively affordable compared to the city's most expensive areas. The steady appreciation rate also bodes well for investors seeking long-term growth potential.

Proximity to Work-Related Travel - 8/10

Five Points' location makes it easy to reach several key work-related destinations. The neighborhood is just a short drive or light rail ride from downtown Denver, home to the Colorado Convention Center and numerous corporate offices. Its proximity to major hospitals, such as Saint Joseph Hospital and Presbyterian/St. Luke's Medical Center, also makes it an attractive choice for medical professionals and visiting families.

X-Factor - 9/10

Its unique blend of history, culture, and community sets Five Points apart. The neighborhood's rich African American heritage, with its ongoing revitalization and influx of new residents and businesses, creates a dynamic, welcoming, exciting atmosphere. As Five Points continues to evolve and grow, its x-factor only stands to become more compelling for Airbnb investors seeking a neighborhood with character and potential.

5. Top Place to Invest in Denver, Colorado - City Park

City Park, Denver's largest and most iconic green space, offers a unique blend of urban convenience and natural beauty, making it an attractive destination for Airbnb investors. With its stunning mountain views, world-class attractions, and proximity to downtown, City Park presents a compelling investment opportunity for those seeking to start a short-term rental business of their own.

City Park Airbnb Market Data

• Average Revenue – $30.1K per year
• Average Daily Rate – $153.2 per night
• Average Occupancy Rate – 73%
• Average RevPAR – $111.8

Convenience - 9/10

One of City Park's greatest strengths is its unbeatable location. Situated just two miles east of downtown Denver, the park offers easy access to major highways, public transportation, and a wealth of local amenities. This convenience factor ensures a steady demand for well-appointed Airbnb properties, as both tourists and business travelers seek accommodations that balance urban accessibility with a touch of natural serenity.

Tourist Attractions - 8/10

City Park boasts an impressive array of tourist attractions that are sure to draw visitors from far and wide. The Denver Zoo, located within the park, is one of the most popular zoos in America, featuring a diverse collection of animals from around the globe. The Denver Museum of Nature & Science, also situated in the park, offers engaging exhibits on everything from dinosaurs to outer space. While these attractions may not be within walking distance of every rental property, their proximity adds significant value to the area's appeal.

Things to Do - 7/10

In addition to its major tourist attractions, City Park offers a wide range of activities for visitors to enjoy. The park's expansive green spaces, lakes, and trails provide ample opportunities for outdoor recreation, from picnicking and paddleboating to jogging and cycling. The nearby City Park Golf Course and the park's historic pavilion and bandstand add to the area's charm and appeal. However, the park could benefit from a more diverse selection of dining and entertainment options within its immediate vicinity.

Average Home Prices - 6/10

According to Zillow data for 2024, the typical home value in City Park stands at $738,571, representing a 3.3% depreciation over the past year. While this price point may be higher than the Denver average of $563,372, it remains relatively affordable compared to other prime locations in the city. The recent depreciation rate may give some investors pause, but the area's enduring popularity and potential for long-term growth should not be overlooked.

Proximity to Work-Related Travel - 6/10

City Park's location puts it within reasonable proximity to several key work-related destinations. The Colorado Convention Center, a major hub for business events, is just a short drive away. The park is also situated near several hospitals, including Presbyterian/St. Luke's Medical Center and Rose Medical Center make it a convenient choice for medical professionals and visiting families. However, the area could be better connected to Denver's sports venues and other major employment centers.

X-Factor - 9/10

What sets City Park apart is its unparalleled combination of natural beauty, historic charm, and urban accessibility. The park's stunning mountain views, lush gardens, and tranquil lakes create an oasis of calm in the heart of the city. Its iconic architecture, including the Spanish-style pavilion and bandstand, adds a touch of timeless elegance to the area. As Denver continues to grow and evolve, City Park's unique character and enduring appeal make it a smart choice for Airbnb investors seeking a property with lasting value.

6. Top Place to Invest in Denver, Colorado - Clayton

Clayton, a hidden gem in Denver's rapidly evolving landscape, has emerged as a promising frontier for astute Airbnb investors. This historic neighborhood, known for its rich cultural heritage and architectural charm, is poised for significant growth as the city continues to expand and attract new residents and visitors.

Clayton Airbnb Market Data

• Average Revenue – $29.1K per year
• Average Daily Rate – $140.7 per night
• Average Occupancy Rate – 71%
• Average RevPAR – $101

Convenience - 7/10

Clayton's location offers a balanced blend of urban accessibility and suburban tranquility. While not as centrally located as some other Denver neighborhoods, Clayton is well-connected to the city's major thoroughfares, including I-70 and Colorado Boulevard. This connectivity, combined with the area's walkable streets and nearby amenities, makes it an attractive choice for short-term renters seeking a more laid-back pace without sacrificing convenience.

Tourist Attractions - 5/10

As a primarily residential neighborhood, Clayton may not boast the same density of tourist attractions as some of Denver's more well-known areas. However, the neighborhood's proximity to the Denver Museum of Nature & Science and the Denver Zoo in nearby City Park adds to its appeal for visitors seeking educational and recreational experiences. The historic Clayton College campus, with its stunning architecture and lush grounds, also serves as a unique draw for history buffs and architecture enthusiasts.

Things to Do - 6/10

Clayton offers a quiet, family-friendly atmosphere with a growing array of local businesses and community events. The neighborhood's tree-lined streets and well-maintained parks provide ample opportunities for outdoor recreation, from picnicking to jogging. The nearby Stanley Marketplace, a trendy food hall and shopping destination, adds to the area's appeal for visitors seeking unique dining and retail experiences. However, Clayton could benefit from a more diverse selection of entertainment options and nightlife within its immediate boundaries.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Clayton stands at $595,000, representing a healthy 5.2% appreciation over the past year. This price point, while higher than the Denver average of $563,372, remains relatively affordable compared to the city's most expensive neighborhoods. The steady appreciation rate and the neighborhood's potential for further growth make it an attractive option for investors seeking a balance of affordability and long-term value.

Proximity to Work-Related Travel - 6/10

Clayton's location puts it within reasonable proximity to several key work-related destinations, though it may not be as conveniently situated as some other Denver neighborhoods. The Colorado Convention Center, a major hub for business events, is approximately a 15-minute drive away. The neighborhood is also located near several hospitals, including Rose Medical Center and Presbyterian/St. Luke's Medical Center, making it a viable choice for medical professionals and visiting families. However, Clayton's distance from downtown and other major employment centers may be a drawback for some short-term renters.

X-Factor - 8/10

Its unique blend of historic charm, community spirit, and untapped potential sets Clayton apart. The neighborhood's distinctive architecture, featuring a mix of Victorian homes and mid-century modern designs, creates a visually striking and memorable atmosphere. As Denver continues to grow and evolve, Clayton's relative affordability and proximity to emerging hotspots like the Stanley Marketplace position it as a smart choice for Airbnb investors seeking a neighborhood on the cusp of transformation. With its strong sense of community and growing appeal, Clayton offers a compelling x-factor for those willing to invest in its future.

7. Top Place to Invest in Denver, Colorado - Villa Park

Villa Park, a charming and well-established neighborhood in west Denver, has been gaining attention from savvy Airbnb investors looking for a promising location with room for growth. Boasting a strong sense of community, easy access to outdoor recreation, and a convenient location near downtown, Villa Park offers a unique investment opportunity for those seeking to capitalize on Denver's thriving short-term rental market.

Villa Park Airbnb Market Data

• Average Revenue – $31.5K per year
• Average Daily Rate – $156.9 per night
• Average Occupancy Rate – 70%
• Average RevPAR – $110.1

Convenience - 7/10

Villa Park's location provides a good balance of urban accessibility and residential tranquility. The neighborhood is situated just west of downtown Denver and offers easy access to major highways, including I-25 and US-6. While public transportation options are somewhat limited, the area's proximity to key destinations and its walkable streets make it a convenient choice for many short-term renters.

Tourist Attractions - 5/10

As a primarily residential neighborhood, Villa Park may not have the same concentration of tourist attractions as some other Denver areas. However, its proximity to the beautiful Lakewood Gulch Park, which offers hiking trails, playgrounds, and picnic areas, adds to its appeal for visitors seeking outdoor recreation. The nearby Broncos Stadium at Mile High, home of the Denver Broncos, also draws sports enthusiasts to the area, which also opens the opportunity for sports-themed rentals to win over fans.

Things to Do - 6/10

Villa Park offers a laid-back, family-friendly atmosphere with a growing array of local businesses and community events. The neighborhood's well-maintained parks, including Lakewood Gulch Park and Paco Sanchez, provide ample outdoor activities and relaxation opportunities. The nearby West Colfax Avenue, known for its eclectic mix of shops, restaurants, and bars, adds to the area's appeal for visitors seeking a taste of local flavor. However, Villa Park could benefit from a more diverse selection of entertainment options within its immediate boundaries.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Villa Park stands at $525,000, representing a healthy 4.8% appreciation over the past year. This price point, while slightly higher than the Denver average of $563,372, remains relatively affordable compared to the city's most expensive neighborhoods. The steady appreciation rate and the neighborhood's potential for further growth make it an attractive option for investors seeking a balance of affordability and long-term value.

Proximity to Work-Related Travel - 6/10

Villa Park's location puts it within reasonable proximity to several key work-related destinations, though it may not be as conveniently situated as some other Denver neighborhoods. The Colorado Convention Center, a major hub for business events, is approximately a 15-minute drive away. The neighborhood is also located near several hospitals, including Saint Anthony Hospital and Lutheran Medical Center, making it a viable choice for medical professionals and visiting families. However, Villa Park's distance from downtown and other major employment centers may be a drawback for some short-term renters.

X-Factor - 7/10

What sets Villa Park apart is its strong sense of community and its untapped potential for growth. The neighborhood's tight-knit residential streets, well-maintained homes, and active community organizations create a welcoming atmosphere that appeals to both long-term residents and short-term renters seeking an authentic Denver experience. As the city continues to expand and property values rise, Villa Park's relative affordability and proximity to emerging hotspots position it as a smart choice for Airbnb investors looking to get in on the ground floor of a neighborhood on the rise. With its unique blend of charm, convenience, and potential, Villa Park offers a compelling x-factor for those willing to invest in its future.

8. Top Place to Invest in Denver, Colorado - Washington Park

Washington Park, affectionately known as "Wash Park" by locals, is a picturesque and highly sought-after neighborhood in Denver that has captured the attention of discerning Airbnb investors. With its stunning park, beautiful homes, and unbeatable location, Washington Park offers a compelling investment opportunity for those looking to tap into Denver's thriving short-term rental market.

Washington Park Airbnb Market Data

• Average Revenue – $45.9K per year
• Average Daily Rate – $217.8 per night
• Average Occupancy Rate – 73%
• Average RevPAR – $158.3

Convenience - 9/10

One of Washington Park's greatest assets is its prime location. The neighborhood is situated just south of downtown Denver and offers easy access to the city's major attractions, business districts, and transportation hubs. The area's walkability and proximity to light rail stations and bus routes make it an incredibly convenient choice for both short-term renters and long-term residents.

Tourist Attractions - 7/10

While Washington Park may not have the same density of tourist attractions as some other Denver neighborhoods, the eponymous Washington Park boasts a crown jewel that draws visitors from far and wide. This sprawling 165-acre green space features lakes, gardens, trails, and recreational facilities that perfectly blend natural beauty and outdoor activities. The park's popularity among locals and tourists alike adds to the neighborhood's appeal for short-term renters seeking a taste of Denver's active lifestyle.

Things to Do - 8/10

Washington Park offers diverse activities and experiences for residents and visitors. From picnicking and paddleboating in the park to exploring the neighborhood's charming boutiques and cafes, there's never a dull moment in this vibrant community. The nearby South Pearl Street is a hub of local flavor, hosting weekly farmers markets, art walks, and seasonal festivals that showcase the area's creative spirit. While the neighborhood could benefit from a few more nightlife options, its overall offerings are sure to keep short-term renters entertained and engaged.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Washington Park stands at $1,150,000, representing a modest 2.5% appreciation over the past year. This price point is significantly higher than the Denver average of $563,372, reflecting the neighborhood's desirability and exclusivity. While the relatively low appreciation rate may give some investors pause, the area's enduring popularity and potential for long-term growth should not be overlooked.

Proximity to Work-Related Travel - 8/10

Washington Park's location makes it easy to reach several key work-related destinations. The Colorado Convention Center, a major hub for business events, is just a short drive or light rail ride away. The neighborhood is also situated near several hospitals, including Porter Adventist Hospital and Swedish Medical Center, making it a convenient choice for medical professionals and visiting families. While the area may not be as close to Denver's sports venues as some other neighborhoods, its overall proximity to key business districts and transportation hubs makes it a strong contender for work-related travel.

X-Factor - 9/10

What sets Washington Park apart is its unparalleled combination of natural beauty, architectural charm, and community spirit. The neighborhood's lush green spaces, historic homes, and tree-lined streets create an idyllic, welcoming and inspiring atmosphere. Its active and engaged community and proximity to the park and local amenities make it a true gem among Denver's neighborhoods. As the city continues to grow and evolve, Washington Park's timeless appeal and enduring value proposition make it a smart choice for Airbnb investors seeking a property with lasting potential.

9. Top Place to Invest in Denver, Colorado - Cherry Creek

Cherry Creek, a posh and vibrant neighborhood in the heart of Denver, has emerged as a prime location for savvy Airbnb investors seeking to capitalize on the city's thriving short-term rental market. With its upscale shopping, diverse dining options, and proximity to key attractions, Cherry Creek offers a compelling investment opportunity for those looking to establish high-end and luxurious rentals.

Cherry Creek Airbnb Market Data

• Average Revenue – $43.5K per year
• Average Daily Rate – $243.1 per night
• Average Occupancy Rate – 65%
• Average RevPAR – $155.4

Convenience - 9/10

One of Cherry Creek's greatest strengths is its unbeatable location. The neighborhood is situated just southeast of downtown Denver and offers easy access to the city's major business districts, cultural attractions, and transportation hubs. The area's walkability, combined with its well-connected bus routes and bike lanes, makes it an incredibly convenient choice for both short-term renters and long-term residents.

Tourist Attractions - 7/10

While Cherry Creek may not have the same concentration of tourist attractions as some other Denver neighborhoods, it boasts a unique draw that sets it apart: the Cherry Creek Shopping Center. This upscale mall features over 160 stores, including high-end retailers, luxury brands, and unique local boutiques, making it a destination in its own right. The neighborhood's proximity to the Denver Botanic Gardens and the Denver Museum of Nature & Science also adds to its appeal for visitors seeking cultural enrichment.

Things to Do - 9/10

Cherry Creek offers unparalleled activities and experiences for residents and visitors alike. From indulging in world-class shopping and dining to exploring the neighborhood's art galleries and spas, there's something for everyone in this vibrant community. The Cherry Creek North district is a hub of sophistication, hosting seasonal festivals, outdoor concerts, and a weekly farmers market that showcases the area's culinary prowess. With its diverse offerings and lively atmosphere, Cherry Creek is sure to keep short-term renters entertained and engaged.

Average Home Prices - 5/10

According to Zillow data for 2024, the median home value in Cherry Creek stands at $1,350,000, representing a modest 1.8% appreciation over the past year. This price point is significantly higher than the Denver average of $563,372, reflecting the neighborhood's luxury status and high demand. While the relatively low appreciation rate may give some investors pause, the area's enduring popularity among affluent travelers and potential for long-term growth should not be overlooked.

Proximity to Work-Related Travel - 8/10

Cherry Creek's location makes it easy to reach several key work-related destinations. The Colorado Convention Center, a major hub for business events, is just a short drive or bus ride away. The neighborhood is also situated near several hospitals, including Rose Medical Center and National Jewish Health, making it a convenient choice for medical professionals and visiting families. While the area may not be as close to Denver's sports venues as some other neighborhoods, its overall proximity to key business districts and transportation hubs makes it a strong contender for work-related travel.

X-Factor - 9/10

Its unrivaled blend of luxury, sophistication, and community spirit sets Cherry Creek apart. The neighborhood's upscale amenities, tree-lined streets, and impeccably maintained homes create an atmosphere of refined elegance that is both inviting and inspiring. Its thriving business district, anchored by the Cherry Creek Shopping Center, offers a level of convenience and indulgence that is hard to match. As Denver continues to grow and attract affluent travelers, Cherry Creek's enduring appeal and reputation for excellence make it a smart choice for Airbnb investors seeking a property with a strong value proposition and lasting potential.

10. Top Place to Invest in Denver, Colorado - Berkeley

Berkeley, a charming and eclectic neighborhood in northwest Denver, has been gaining traction among astute Airbnb investors looking for a promising location with a unique vibe. With its mix of historic homes, trendy shops, and proximity to the bustling Tennyson Street, Berkeley offers a compelling investment opportunity for those seeking to tap into Denver's thriving short-term rental market.

Location Airbnb Market Data

• Average Revenue – $41.3K per year
• Average Daily Rate – $208.3 per night
• Average Occupancy Rate – 68%
• Average RevPAR – $143

Convenience - 8/10

Berkeley's location offers a great balance of urban convenience and neighborhood charm. The area is situated just north of downtown Denver and provides easy access to major highways, including I-70 and US-36. The neighborhood's walkability, combined with its proximity to the Tennyson Street commercial district and the Berkeley Light Rail Station, makes it a convenient choice for both short-term renters and long-term residents.

Tourist Attractions - 6/10

While Berkeley may not have the same density of tourist attractions as some other Denver neighborhoods, it boasts a few notable draws that add to its appeal. The historic Oriental Theater, a beloved local landmark, hosts a variety of live performances and events that attract visitors from across the city. The neighborhood's proximity to the beautiful Rocky Mountain Lake Park, which offers hiking trails, fishing, and picnic areas, also provides a nice option for outdoor enthusiasts.

Things to Do - 8/10

Berkeley offers diverse activities and experiences for residents and visitors alike. The Tennyson Street commercial district is a hub of local flavor, featuring an eclectic mix of boutiques, art galleries, restaurants, and bars. The neighborhood also hosts several popular events throughout the year, including the Totally Tennyson Street Fair and the Berkeley Park Arts Festival, which showcase the area's creative spirit. While the neighborhood could benefit from a few more nightlife options, its overall offerings are sure to keep short-term renters entertained and engaged.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Berkeley stands at $725,000, representing a healthy 4.5% appreciation over the past year. This price point, while higher than the Denver average of $563,372, remains relatively affordable compared to some of the city's more expensive neighborhoods. The steady appreciation rate and the neighborhood's growing popularity among young professionals and families make it an attractive option for investors seeking a balance of affordability and long-term growth potential.

Proximity to Work-Related Travel - 7/10

Berkeley's location puts it within reasonable proximity to several key work-related destinations. The Colorado Convention Center, a major hub for business events, is approximately a 15-minute drive away. The neighborhood is also located near several hospitals, including Saint Joseph Hospital and Lutheran Medical Center, making it a viable choice for medical professionals and visiting families. While Berkeley may not be as close to Denver's sports venues as some other neighborhoods, its overall proximity to key business districts and transportation hubs makes it a solid contender for work-related travel.

X-Factor - 8/10

Its unique blend of historic charm, creative energy, and community spirit sets Berkeley apart. The neighborhood's mix of classic bungalows, mid-century homes, and new developments creates a visually interesting and dynamic atmosphere. Its thriving arts scene, anchored by the Tennyson Street cultural district, adds a level of vibrancy and sophistication that is hard to match. As Denver continues to grow and attract young professionals and families, Berkeley's distinctive character and strong sense of community make it a smart choice for short-term rental startups seeking a property with a compelling x-factor and long-term potential.