Steamboat Springs

As of May 2026, Steamboat Springs, Craig, Vail have 4,253 active Airbnb and VRBO listings. This represents a 5% increase from the previous year.

The average Airbnb or VRBO in Steamboat Springs generates $63K per year. High-performing properties earn $138K/year, while low-performing properties earn $25K/year. This wide revenue spread highlights a significant performance gap, suggesting that top-tier assets capture a disproportionate share of total market demand despite stagnant overall revenue growth.

Average home prices in Steamboat Springs vary by property size: 1-bedroom properties cost approximately $447K, 2-bedroom homes average $430K, 3-bedroom properties are around $621K, and 4+ bedroom homes average $876K. These prices reflect median home values across the Steamboat Springs, Craig, Vail area.

Airbnb and VRBO can be profitable in Steamboat Springs, with an average gross yield of 9% across all properties. High-performing properties achieve yields up to 20%, which is considered top for short-term rental investment. Such a variance indicates that while the broader market faces revenue headwinds, elite properties maintain strong returns independent of average market performance.

The average occupancy rate for Airbnbs and VRBOs in Steamboat Springs is 28%. This occupancy level, combined with an average nightly rate of $504, results in a RevPAR (revenue per available room) of $139 per day.

4+ bedroom properties demonstrate the strongest performance in Steamboat Springs, with an average gross yield of 11% and annual revenue of $114K. These properties balance purchase price ($876K), operating costs, and rental demand most effectively in the Steamboat Springs market.

Short-term rental regulations vary by jurisdiction in the Steamboat Springs area. Steamboat Springs: Strict. License required, owner-occupancy mandatory for residential zones, 10% neighborhood density cap, annual inspections. Active enforcement with compliance checks and penalties. Craig: Lenient. Business license required, basic zoning compliance. Minimal enforcement, small market with few restrictions. Vail: Moderate. Business license and sales tax required, zoning restrictions in some areas, no owner-occupancy rule. Moderate enforcement focused on tax compliance. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Steamboat Springs Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 5% year-over-year, while RevPAR has decreased 8%. This indicates balanced supply-demand dynamics. The contraction in RevPAR relative to supply growth suggests that increasing inventory is placing downward pressure on individual unit earnings.

Launch around November, 2-3 months before peak winter season (February peaks). This pre-peak timing lets you build reviews when competition is 86% 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 Steamboat Springs listings include: Kitchen (83%), Balcony (79%), Hot Tub (78%), Washing Machine (77%), Tv (68%). Amenities that boost revenue the most include Washing Machine, Air Conditioning, Bbq, with Washing Machine properties earning approximately 48% more ($107K/year vs $73K/year).

Monthly estimated revenue per listing in Steamboat Springs over the last 12 months: May: $631, June: $2K, July: $3K, August: $2K, September: $1K, October: $966, November: $891, December: $7K, January: $9K, February: $11K, March: $11K, April: $885. 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 Steamboat Springs is $504, up 6% year-over-year. By property size: 1-bedroom properties average $266/night, 2-bedroom properties average $361/night, 3-bedroom properties average $522/night, 4+ bedroom properties average $1K/night. Rates peak in February and are lowest in May.

Guests in Steamboat Springs book an average of 47 days in advance, down 6% from last year. By property size: 1-bedroom: 37 days, 2-bedroom: 43 days, 3-bedroom: 51 days, 4+ bedroom: 60 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Steamboat Springs Airbnb and VRBO market has seen the following changes: supply grew 5%, revenue per listing decreased 8%, occupancy fell 13%, average nightly rates increased 6%, and lead time decreased 6%. These metrics point to a tightening environment where higher pricing attempts are failing to offset declining occupancy and increased competition.

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