15 tracked markets
Source: BNBCalc market metadata · Reviewed by Parker Place, CTO of BNBCalc.com · Data updated July 10, 2026
Telluride is the top Colorado short-term rental market across Airbnb and Vrbo by gross yield, with 13.0% gross yield, $81,972 in average annual revenue, and 1,410 active listings.
Top gross yield
13.0%
Telluride
Median gross yield
9.0%
15 markets with yield data
Median annual revenue
$52.6K
Average listing revenue
Tracked markets
15
Statewide market coverage
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Default rankings show all bedrooms at the average performance tier.
Bedroom count
Performance tier
#1
Telluride delivers impressive premium performance for short-term rental investors, yielding $66,258 in annual revenue and a 10.7% gross yield. Although occupancy sits at 33% across 1,370 active listings, the exceptional $553 ADR provides strong revenue potential for high-end properties.
Yield
13.0%
Revenue
$82.0K
Listings
1,410
#2
Pagosa Springs presents a viable opportunity for short-term rental investors, offering a 10.1% gross yield and a $266 average daily rate. However, the low 28% occupancy rate across 1,041 active listings suggests that buyers must prepare for seasonal fluctuations to reach the $31,154 annual revenue.
Yield
10.8%
Revenue
$33.8K
Listings
1,066
#3
Buena Vista offers short-term rental investors a solid 10.1% gross yield and an impressive annual revenue of $43,583. To succeed among the 904 active listings, hosts must strategically price their properties near the $289 average daily rate to overcome the moderate 36% occupancy rate.
Yield
10.7%
Revenue
$46.4K
Listings
923
#4
In Breckenridge, short-term rental properties command a premium average daily rate of $431, driving substantial annual revenues of $63,361. However, investors face intense competition from 5,920 active listings, which keeps the occupancy rate at 33% despite a strong 9.0% gross yield.
Yield
10.2%
Revenue
$72.5K
Listings
5,932
#5
In Colorado Springs, short-term rental investors can capitalize on a strong annual revenue of $40,470 and a 9.4% gross yield. However, with 3,584 active listings creating high competition and occupancy sitting at 42%, operators must price their $225 ADR competitively to stand out.
Yield
10.1%
Revenue
$43.4K
Listings
3,616
#6
Steamboat Springs boasts an exceptional $504 ADR, driving a strong annual revenue of $62,938 and a 9.3% gross yield for short-term rental investors. However, the low 28% occupancy rate and high competition from 1,831 active listings mean operators must optimize their booking calendars.
Yield
9.3%
Revenue
$64.3K
Listings
1,833
#7
In Vail, short-term rental investors can capitalize on an impressive average daily rate of $686, driving annual revenues to $76,695. However, with 1,990 active listings competing in the market, operators must carefully manage their properties to overcome a low 27% occupancy rate and secure the estimated 6.5% gross yield.
Yield
9.1%
Revenue
$109.1K
Listings
2,027
#8
Rocky Mountain National Park offers short-term rental investors a strong average daily rate of $384, driving an annual revenue of $49,136. However, with 3,270 active listings and a low occupancy rate of 30%, buyers must carefully navigate the high competition to realize the market's 7.7% gross yield.
Yield
9.0%
Revenue
$58.3K
Listings
3,422
#9
Denver remains a highly active short-term rental market, boasting a strong 45% occupancy rate and generating $48,458 in annual revenue. Investors can expect an 8.1% gross yield and a $257 ADR, though they must navigate significant competition from 4,974 active listings.
Yield
8.9%
Revenue
$52.6K
Listings
4,978
#10
For short-term rental investors, Durango delivers an impressive average daily rate of $340, which supports an annual revenue of $40,501. However, with 989 active listings and a low occupancy rate of 30%, buyers must focus on high-quality listings to secure the market's projected 7.7% gross yield.
Yield
8.8%
Revenue
$46.8K
Listings
1,038
Every market below links to its full BNBCalc market page. Rankings use gross yield first, then annual revenue when yield is missing.
Active listings are Airbnb and Vrbo listings observed as active in the selected market metadata segment. The all-bedrooms view uses all active listings in that market; bedroom filters use the active listing count for the selected bedroom group.
| Rank | Market | Gross yield | Annual revenue | Monthly revenue | ADR | Occupancy | Listings | Purchase price |
|---|---|---|---|---|---|---|---|---|
| #1 | Telluride | 13.0% | $81,972 | $6,831 | $600 | 35% | 1,410 | $629,286 |
| #2 | Pagosa Springs | 10.8% | $33,813 | $2,818 | $253 | 32% | 1,066 | $313,053 |
| #3 | Buena Vista | 10.7% | $46,366 | $3,864 | $278 | 39% | 923 | $433,092 |
| #4 | Breckenridge | 10.2% | $72,457 | $6,038 | $418 | 37% | 5,932 | $707,169 |
| #5 | Colorado Springs | 10.1% | $43,401 | $3,617 | $205 | 47% | 3,616 | $430,688 |
| #6 | Steamboat Springs | 9.3% | $64,267 | $5,356 | $447 | 32% | 1,833 | $691,469 |
| #7 | Vail | 9.1% | $109,138 | $9,095 | $814 | 31% | 2,027 | $1,196,432 |
| #8 | Rocky Mountain National Park | 9.0% | $58,259 | $4,855 | $386 | 34% | 3,422 | $644,109 |
| #9 | Denver | 8.9% | $52,552 | $4,379 | $237 | 50% | 4,978 | $593,434 |
| #10 | Durango | 8.8% | $46,824 | $3,902 | $351 | 32% | 1,038 | $533,951 |
| #11 | Fort Collins | 8.7% | $45,834 | $3,819 | $233 | 46% | 922 | $524,466 |
| #12 | Boulder | 8.6% | $57,812 | $4,818 | $294 | 48% | 686 | $672,431 |
| #13 | Crested Butte | 8.4% | $48,641 | $4,053 | $380 | 33% | 831 | $576,158 |
| #14 | Aspen | 7.5% | $162,215 | $13,518 | $955 | 39% | 1,776 | $2,153,162 |
| #15 | Grand Junction | 7.4% | $36,782 | $3,065 | $213 | 40% | 794 | $499,495 |
For US markets, BNBCalc ranks state market pages by gross yield: annual Airbnb and Vrbo short-term rental revenue divided by estimated property value. Gross yield is a fast way to compare market-level opportunity before operating expenses, financing, taxes, insurance, seasonality, and local rules.
Annual revenue uses ADR, adjusted occupancy, and estimated cleaning revenue when cleaning and stay data exists.
ADR is nightly-only and excludes cleaning fees and other guest fees.
Occupancy is adjusted occupancy of bookable nights, excluding host-blocked nights.
Gross yield uses annual revenue divided by estimated property value; it does not include operating expenses, financing, taxes, or local regulation risk.