Mountain West5.6% avg cap rate

Telluride, CO

Colorado's most exclusive ski and festival mountain market

Telluride is Colorado's most prestigious ski town — a box canyon setting, film festival, bluegrass festival, and a ski resort with no lift lines commands the highest STR ADR of any Colorado market. Entry prices reflect the exclusivity, but so do returns. Properties in Mountain Village carry premium pricing; the town itself has strict STR regulations.

5.6%
Avg Cap Rate
Net operating income / price
60%
Avg Occupancy
Annual average
$895
Avg Nightly Rate
All property types
$1.9M
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
60% occ × $895/night
$196,005
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $78,402
Est. net operating income
Before mortgage & depreciation
$117,603
At median price
Implied cap rate
6.4%

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

Why Investors Choose Telluride

Highest ADR of any Colorado STR market
Telluride Film Festival, Bluegrass Fest drive sold-out non-ski weekends
Box canyon geography hard-limits new supply
Mountain Village vs. Town — different regulation and price profile
Peak season: Dec – Mar (ski), June – Sept (festivals)
Top property types: Condo, Ski-in/Ski-out, Luxury Home, Mountain Villa
Primary zip: 81435

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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