Crested Butte, CO

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

832 / 1480

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$41,025

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$1,418,321

Median Home Sale Price

Top Earners

$82,508

Top-Earners Revenue

Crested Butte

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Crested Butte.

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B

Generally Investor friendly

Crested Butte Regulations

STRs are explicitly allowed in both towns with clear licensing; Mt. Crested Butte has no caps or concentration limits and accepts rolling applications with modest fees, while the Town of Crested Butte has a 198-license cap, block-face concentration limits, and a lottery system. Moderate permitting, fees, inspections, and HOA restrictions add complexity but are manageable, keeping investor risk tolerable.

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About Crested Butte

Crested Butte, Colorado, is a small mountain town located in Gunnison County, known for its picturesque scenery and outdoor recreational opportunities. As of the latest estimates, the population of Crested Butte is approximately 1,700 residents. This charming town is situated about 28 miles north of the larger city of Gunnison, CO, which is the closest major city and offers additional amenities and services.

Crested Butte is renowned for its vibrant history, having evolved from a coal mining town to a top-tier destination for skiing, mountain biking, and other outdoor activities. The town is often referred to as the "The Last Great Colorado Ski Town" and retains much of its historic charm with well-preserved buildings and a small-town atmosphere.

Key landmarks in Crested Butte include:

  • Crested Butte Mountain Resort: This major attraction is a haven for winter sports enthusiasts, offering ski slopes and snowboarding trails Crested Butte Mountain Resort.
  • Nordic Center: An excellent destination for cross-country skiing and snowshoeing, providing an extensive network of trails Crested Butte Nordic.
  • Gothic, CO: A historic ghost town located nearby that serves as a field research station for the Rocky Mountain Biological Laboratory Gothic, CO.

The historic downtown area also features a variety of shops, restaurants, and breweries, offering a cozy, community-focused experience for visitors. The town's commitment to preserving its natural surroundings and cultural heritage makes it an appealing spot for tourists looking for short-term rental opportunities.

Overall, Crested Butte offers a blend of outdoor adventure, historical intrigue, and small-town hospitality, making it a highly attractive location for short-term rentals, particularly for those seeking a unique Colorado mountain experience.

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