Aspen

As of May 2026, Aspen, Vail, Breckenridge, Glenwood Springs have 2,626 active Airbnb and VRBO listings. This represents a 9% increase from the previous year.

The average Airbnb or VRBO in Aspen generates $100K per year. High-performing properties earn $289K/year, while low-performing properties earn $66K/year. This significant spread highlights a bifurcated market where top-tier inventory captures a disproportionate share of total revenue despite stagnant inventory growth.

Average home prices in Aspen vary by property size: 1-bedroom properties cost approximately $692K, 2-bedroom homes average $960K, 3-bedroom properties are around $1.7M, and 4+ bedroom homes average $3.3M. These prices reflect median home values across the Aspen, Vail, Breckenridge, Glenwood Springs area.

Airbnb and VRBO can be profitable in Aspen, with an average gross yield of 5% across all properties. High-performing properties achieve yields up to 14%, which is considered top for short-term rental investment. The wide yield delta suggests that investment returns are highly sensitive to asset-specific revenue generation amidst current market headwinds.

The average occupancy rate for Airbnbs and VRBOs in Aspen is 34%. This occupancy level, combined with an average nightly rate of $773, results in a RevPAR (revenue per available room) of $213 per day.

1-bedroom properties demonstrate the strongest performance in Aspen, with an average gross yield of 9% and annual revenue of $62K. These properties balance purchase price ($692K), operating costs, and rental demand most effectively in the Aspen market.

Short-term rental regulations vary by jurisdiction in the Aspen area. Aspen: Strict. STRs prohibited except owner-occupied lodging licenses (limited). Very active enforcement, heavy fines, hosts rarely operate illegally. Vail: Strict. STRs banned in most residential zones. Limited licenses in approved areas. Active enforcement through complaints and monitoring. Breckenridge: Moderate. License required, 30-day minimum stay in many zones. Enforcement through complaints, some unlicensed operators exist. Glenwood Springs: Moderate. Business license and sales tax required. No occupancy rules. Complaint-based enforcement, moderate compliance. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Aspen Airbnb and VRBO market is currently showing increasingly competitive conditions. Supply has grown 9% year-over-year, while RevPAR has decreased 41%. This indicates growing competition requiring strong operations. The sharp revenue decline relative to supply expansion signals that the market is currently experiencing significant downward pressure on pricing power.

Launch around November, 2-3 months before peak winter season (February peaks). This pre-peak timing lets you build reviews when competition is 62% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (November-May) when gaining traction is harder.

The most common amenities in Aspen listings include: Kitchen (87%), Washing Machine (68%), Tv (64%), Balcony (58%), Heating (55%). Amenities that boost revenue the most include Hot Tub, Sauna, Washing Machine, with Hot Tub properties earning approximately 55% more ($150K/year vs $97K/year).

Monthly estimated revenue per listing in Aspen over the last 12 months: May: $2K, June: $5K, July: $7K, August: $6K, September: $3K, October: $3K, November: $3K, December: $11K, January: $12K, February: $12K, March: $12K, April: $2K. 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 Aspen is $773, down 18% year-over-year. By property size: 1-bedroom properties average $392/night, 2-bedroom properties average $773/night, 3-bedroom properties average $993/night, 4+ bedroom properties average $1K/night. Rates peak in February and are lowest in May.

Guests in Aspen book an average of 43 days in advance, down 10% from last year. By property size: 1-bedroom: 40 days, 2-bedroom: 42 days, 3-bedroom: 45 days, 4+ bedroom: 51 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Aspen Airbnb and VRBO market has seen the following changes: supply grew 9%, revenue per listing decreased 41%, occupancy fell 18%, average nightly rates decreased 18%, and lead time decreased 10%. These synchronized declines across key metrics reflect a broad contraction in demand that is outpacing inventory adjustments.

In Aspen, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Thursday and are lowest on Tuesday. Weekends show 34% higher occupancy than weekdays.