Vacation Rental Market Analysis: Grand County, CO

The Evolve Team
The Evolve Team
July 25, 2023

With stunning views and crisp mountain air, Grand County is a year-round destination for families, winter sports enthusiasts, and nature lovers alike.  

From Rocky Mountain National Park (which sees roughly 3 million visitors a year) to Granby Ranch, this area offers easy access to all kinds of outdoor recreation. It’s what tourists look for in a Colorado getaway, and what investors can capitalize on with a Grand County vacation rental investment. 

To help you understand the investment opportunity this market presents, we created a free, downloadable vacation rental market analysis.

Inside you’ll find: 

  • Rental income potential by property size
  • Average occupancy by property size
  • Average daily rate by property size
  • Average days booked in advance
  • Average length of stay
  • Vacation rental inventory by property size
  • Occupancy rate by month

The findings in this analysis are based on Evolve’s Grand County market averages in the last 12 months and provide a general baseline for performance potential. They’re designed to help inform smart buying decisions when making a Grand County vacation rental investment.

Download Our Complete Grand County Vacation Rental Investment Analysis

Green icon of a house with shrubs and stars

Why Grand County Is a Great Place to Own Vacation Rental Property

Grand County — which includes towns like Granby, Grand Lake, and Kremmeling — sees two distinct high seasons every year due to its convenient proximity to beloved activities.

Guests start flocking to the region in the winter for skiing, snowboarding, and panoramic views of the snow-capped Rockies. As the snow melts, travelers come to take advantage of breathtaking hikes, alpine lakes, and mountain biking trails — with demand hitting its peak in summer months.

Median home prices in Grand County are a bit higher than the national average, coming in at just over $730,000. But with resort towns like Winter Park and Vail boasting much higher averages, investors can look to Grand County for ski slope proximity without such hefty price tags.

Green icon of a crystal ball with the words "profit prediction" in the middle with stars

How Much Money Can You Earn with a Grand County Vacation Rental?

Year-round access to outdoor thrills makes Grand County a solid option for vacation rental. To get a better idea of how to maximize your earnings in the area, consider these important factors.

Property Size

Five-bedroom properties in Grand County see the most booked nights on average and tend to earn the most revenue. That’s because this home size can accommodate larger groups — and often grab higher daily rates as a result.

That said, our data shows that homes big and small have the potential to earn steady income. All property sizes tend to see similar annual occupancy in Grand County. Plus, Evolve’s top-performer last year was a three-bedroom home. So wherever your budget lands you, know you have options across the board.

Property Location

Since outdoor activities are a such a big draw, our real estate experts say proximity to trailheads, lakes, and winter sports is key. If you purchase in a town like Granby, access to ski lifts can also be a huge plus for your property.

Of course, plentiful hiking, biking, and skiing means your Grand County real estate investment likely won’t be far from anything. This gives investors the opportunity to focus on the in-home experience as a distinct selling point to drive positive performance.

Property Amenities

While Grand County guests probably plan to explore, it’s still important to take care in preparing a welcoming vacation rental.

Provide top amenities for that at-home feel, and create comfortable outdoor spaces to help them connect with nature. A fire pit, hot tub, and ample seating areas are a few of the ways you can keep the fun going long after guests return from a day of adventuring.

Stocking your home with family-friendly amenities, work-from-home capabilities, pet-friendly perks, and even a small welcome gift can also set your home apart from the competition — and help you score a mountain of five-star reviews.

When you’re ready to explore the market, make your search easier by starting with vetted homes for sale.

Download Our Full Grand County, CO Vacation Rental Market Analysis

Every year, millions of travelers make the journey to Grand County for prime hiking, skiing, and mountain town charm. This gives its handful of towns excellent real estate potential for short-term rental investors.   

To get a more detailed picture of how you can perform with a Grand County vacation rental investment, download our free Grand County Vacation Rental Market Analysis today. Inside, you’ll find tons of helpful information like: 

  • Inventory breakdown based on property size
  • Average daily rates based on property size 
  • Expected seasonality in vacation rental demand 
  • Average length of stay in high and low seasons 

Use our report to equip yourself with key industry knowledge and start earning passive income as a Colorado vacation rental owner.

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