Crested Butte, CO
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Overview
Annual Rev
$49.3k
12 mo avg
↓10%
from prior 12 mo
Occupancy rate
30%
12 mo avg
↓9%
from prior 12 mo
Avg daily rate
$385
12 mo avg
↑15%
from prior 12 mo
Lead time
42 days
12 mo avg
↓3 days
from prior 12 mo
Revpar
$103
12 mo avg
↓13%
from prior 12 mo
Methodology note: Figures reflect Crested Butte market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Avg. Zestimate
Gross yield
Supply
Amenity revenue impact
| Amenity | Est. revenue impact |
|---|---|
| Sauna | +11% $5,427/yr |
| Gym | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| Hot Tub | 🔒 +6% · $••••/yr Revenue lift and listing count available in Markets |
| TV | 🔒 +5% · $••••/yr Revenue lift and listing count available in Markets |
| Parking | 🔒 +4% · $••••/yr Revenue lift and listing count available in Markets |
| Bicycles | 🔒 +2% · $•••/yr Revenue lift and listing count available in Markets |
| Lake Access | 🔒 +2% · $•••/yr Revenue lift and listing count available in Markets |
| Pets Allowed | 🔒 +1% · $•••/yr Revenue lift and listing count available in Markets |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
3 bedrooms (5.5 nights)
1 bedroom (4.7 nights)
2 bedrooms (4.7 nights)
4+ bedrooms (4.3 nights)
Cleaning fee by bedroom
4+ bedrooms ($329)
3 bedrooms ($217)
2 bedrooms ($159)
1 bedroom ($81)
Professional host share
Professionally managed (66%)
Independent hosts (34%)
Housing market signals
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Over the 12 months ending August 2026, the Crested Butte market averaged 1,815 active Airbnb and VRBO listings, up 15% from a year earlier and up 27% over two years.
An average Crested Butte listing earns $44K/year. High-performing listings earn $82K, while low-performing listings earn $23K.
Median Crested Butte home prices by size are 1-bedroom $290K, 2-bedroom $441K, 3-bedroom $497K, and 4+ bedroom $620K.
Average gross yield is 8%, reaching 14% for high-performing listings. Gross yield excludes financing and operating costs, so net profitability varies by property.
Average occupancy in Crested Butte is 28%, producing RevPAR of $93 per available night.
2-bedroom listings have the highest average gross yield at 8%. They average $40K/year in revenue against a $441K median purchase price.
Rules vary across Crested Butte. Crested Butte: Strict. License required, owner-occupancy mandate, 120-day annual rental cap for non-owner-occupied. Active enforcement with compliance checks and fines. Gunnison: Moderate. Business license required, basic safety standards. Standard enforcement, limited staff monitoring. Aspen: Strict. Lodging license mandatory, owner-occupancy required for most zones, strict density limits. Aggressive enforcement with hefty fines and neighbor complaints investigated. Verify requirements for the property's jurisdiction.
The Crested Butte Airbnb and VRBO market shows signs of oversaturation. Supply has grown 15% year-over-year, while RevPAR has decreased 11%, suggesting supply is outpacing demand.
RevPAR is highest in July and March; it is lowest in April and November.
The most common amenities are Internet (96%), Kitchen (92%), TV (92%). The strongest positive revenue associations are TV (+77%), Washing Machine (+69%), Parking (+35%).
Average daily rate in Crested Butte is $384, up 10% year-over-year. Rates peak in March and are lowest in April.
Guests in Crested Butte book an average of 42 days in advance, down 2% from last year. Booking windows range from 35 days for 1-bedroom listings to 54 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Tuesday. Nightly rates peak on Saturday and are lowest on Wednesday. Weekend occupancy is 38% higher than weekday occupancy.