Basalt, CO

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Basalt short-term rental market based on reliable data.

Listings

87 / 183

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$55,958

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$1,443,995

Median Home Sale Price

Top Earners

$123,210

Top-Earners Revenue

Basalt

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Basalt.

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C

Challenging to Investors

Basalt Regulations

Basalt permits short‑term rentals but imposes costly annual licensing ($460) and a high per‑bedroom regulatory fee ($2,532 per bedroom) plus mandatory inspections, monthly lodging tax filings, and a restrictive 60‑day primary‑residence exemption, creating a stringent compliance burden and financial deterrent that places it in the Challenging tier.

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About Basalt

Basalt is a small mountain town tucked into the Roaring Fork Valley of central Colorado, sitting at the confluence of the Frying Pan and Roaring Fork rivers. Straddling the boundary between Pitkin and Eagle counties, the town has a year-round population of roughly 4,000 residents. With its walkable core, galleries, fly-fishing outfitters, and backdrop of high alpine peaks, Basalt carries an outdoorsy, artsy feel that draws both year-round locals and seasonal visitors. It serves as a quieter, more affordable gateway to the resort community of Aspen, located about 20 miles to the east along State Highway 82, while Glenwood Springs lies roughly 30 miles to the west.

A short drive east of town brings visitors to Ruedi Reservoir, a large impoundment on the Frying Pan River that serves as a launchpad for sailing, kayaking, paddleboarding, and lakeside camping. The surrounding White River National Forest offers an extensive trail network for hiking, mountain biking, and backcountry exploration, with elevations ranging from riverside paths to high-alpine tundra. Together, Ruedi and the surrounding national forest lands make Basalt a strong base for travelers who want to combine small-town amenities with serious outdoor recreation.

To the east, the Aspen area offers some of the most celebrated cultural and natural attractions in the Rockies. The Maroon Bells, a pair of 14,000-foot peaks often described as the most photographed mountains in North America, are accessible via a roughly one-hour drive from Basalt during the warmer months. The town of Aspen itself combines a renowned arts and food scene with a charming pedestrian core, anchored by the Wheeler Opera House and the Aspen Art Museum, making it a popular day trip for visitors staying in Basalt.

To the west, Glenwood Springs is roughly a 35-minute drive and is anchored by the Glenwood Hot Springs Pool, frequently cited as one of the largest hot springs pools in the world, along with Iron Mountain Hot Springs. The town also provides access to Glenwood Canyon, where the Hanging Lake trail and the Colorado River offer additional hiking and rafting opportunities. Between these two regional anchors, Basalt sits in a remarkably central position for travelers who want a quieter home base with easy access to both Aspen's high-end offerings and Glenwood Springs' more family-friendly attractions.

Basalt's combination of authentic small-town character, walkable amenities, and proximity to two of Colorado's most recognizable resort destinations makes it a compelling market for short-term rental owners. Travelers drawn to the Roaring Fork Valley often prefer the lower-key pace and competitive pricing of Basalt over its better-known neighbors, while still being within a short drive of world-class skiing, hiking, fly fishing, and hot springs. The town's growing reputation as a basecamp for outdoor and cultural adventures across the central Rockies continues to strengthen its appeal to leisure travelers and remote workers seeking a mountain lifestyle.

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