Mountain West6.3% avg cap rate

Steamboat Springs, CO

Colorado's Ski Town USA — authentic mountain STR market

Steamboat Springs markets itself as "Ski Town USA" — home to more Winter Olympians than any other US city — with a genuine Western cattle-town character that distinguishes it from purpose-built resort communities. Champagne powder skiing, hot springs, rodeos, and summer ranching tourism create authentic year-round demand. Entry prices are lower than Vail or Breckenridge with competitive cap rates.

6.3%
Avg Cap Rate
Net operating income / price
64%
Avg Occupancy
Annual average
$465
Avg Nightly Rate
All property types
$920K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
64% occ × $465/night
$108,624
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $43,450
Est. net operating income
Before mortgage & depreciation
$65,174
At median price
Implied cap rate
7.1%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Steamboat Springs

Most Olympic skiers per capita of any US city
Authentic Western character — not a manufactured resort town
Strawberry Park Hot Springs drives unique year-round appeal
Lower entry prices than Vail/Breckenridge with solid returns
Peak season: Dec – Mar (ski), June – Aug (summer)
Top property types: Condo, Single Family, Cabin, Townhouse
Primary zip: 80487, 80477

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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