Colorado Springs - 3BR Vacation Rental Market Study

In this video, Fernando Delgado from Techito explores the Short Term Rental market in Colorado Springs, focusing on 3-bedroom properties. Our team at Techito specializes in managing vacation rentals, aiming to enhance property appeal, increase revenue, and secure high guest ratings.

Our study, based on data from AirDNA and PriceLabs as of January 2024, reflects the 2023 performance of properties in Colorado Springs with a capacity for at least 6 guests. We found over 500 listings matching this criterion, with an average occupancy rate of 61% and an estimated annual revenue of around $45,000.

We closely examine the top 9 performing properties, noting their characteristics and features. These include well-designed spaces, high-quality amenities like hot tubs and patios, and effective listing details. These properties typically achieve annual revenues ranging from $85,000 to $120,000 (and more), attributable to their appeal, amenities, and high guest ratings.

The presentation also covers market trends and seasonality in the Colorado Springs area, acknowledging the impact of unique years like 2020 and 2021 due to the pandemic.

This study serves as an informative overview for those interested in the Short Term Rental market, particularly in Colorado Springs. For property owners seeking a comparative market analysis or considering entering the vacation rental market, Techito offers tailored services and insights.