Medellin

As of May 2026, Medellín, Envigado, Guatapé have 12,522 active Airbnb and VRBO listings. This represents a 16% decrease from the previous year.

The average Airbnb or VRBO in Medellin generates COP58.1M per year. High-performing properties earn COP218.4M/year, while low-performing properties earn COP17.6M/year. The massive delta between high and low tiers suggests that market returns are highly sensitive to specific asset-level positioning rather than broad market trends.

Airbnb and VRBO can be profitable in Medellin. Average annual revenue is COP58.1M with 34% occupancy. High-performing properties earn up to COP218.4M/year. This significant revenue spread reveals that top-tier listings capture a disproportionate share of the market, effectively insulating themselves from broader occupancy fluctuations.

The average occupancy rate for Airbnbs and VRBOs in Medellin is 34%. This occupancy level, combined with an average nightly rate of COP421K, results in a RevPAR (revenue per available room) of COP121K per day.

4+ bedroom properties demonstrate the strongest performance in Medellin, with annual revenue of COP173.3M. These properties balance operating costs and rental demand most effectively in the Medellin market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Medellin area. Medellín: Lenient. No specific STR regulations or registration required. Operates under general tourism/hospitality rules. Minimal enforcement, thousands operate freely on platforms. Envigado: Lenient. No dedicated STR framework. Falls under municipal commerce rules rarely enforced for rentals. Hosts operate without permits commonly. Guatapé: Lenient. Tourist town with no STR-specific laws. Informal market dominates. Zero enforcement, properties rent freely to visitors year-round. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Medellin Airbnb and VRBO market is currently showing balanced with strong demand conditions. Supply has declined 16% year-over-year, while RevPAR has increased 8%. This indicates healthy demand growth outpacing supply. The shrinking supply base combined with rising revenue suggests an environment where remaining operators experience less direct competition for bookings.

Launch around October, 2-3 months before peak winter season (January peaks). This pre-peak timing lets you build reviews when competition is -26% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (September-May) when gaining traction is harder.

The most common amenities in Medellin listings include: Kitchen (96%), Tv (94%), Washing Machine (86%), Pets Allowed (54%), Air Conditioning (51%). Amenities that boost revenue the most include Hot Tub, Air Conditioning, Pool, with Hot Tub properties earning approximately 122% more (COP135.4M/year vs COP60.9M/year).

Monthly estimated revenue per listing in Medellin over the last 12 months: May: COP2.8M, June: COP3.0M, July: COP3.3M, August: COP3.9M, September: COP3.1M, October: COP3.4M, November: COP3.8M, December: COP4.4M, January: COP5.4M, February: COP3.5M, March: COP3.8M, April: COP3.9M. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Medellin is COP421K, up 20% year-over-year. By property size: 1-bedroom properties average COP230K/night, 2-bedroom properties average COP367K/night, 3-bedroom properties average COP475K/night, 4+ bedroom properties average COP1.6M/night. Rates peak in January and are lowest in June.

Guests in Medellin book an average of 22 days in advance, down 17% from last year. By property size: 1-bedroom: 19 days, 2-bedroom: 23 days, 3-bedroom: 28 days, 4+ bedroom: 33 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Medellin Airbnb and VRBO market has seen the following changes: supply declined 16%, revenue per listing increased 8%, occupancy fell 1%, average nightly rates increased 20%, and lead time decreased 17%. These metrics highlight a shift toward higher-yield, shorter-notice bookings despite a slight softening in overall utilization.

In Medellin, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 27% higher occupancy than weekdays.