Cripple Creek, CO

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

130 / 194

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$36,102

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$330,195

Median Home Sale Price

Top Earners

$87,859

Top-Earners Revenue

Cripple Creek

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cripple Creek.

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C

Challenging to Investors

Cripple Creek Regulations

STRs are legal citywide but require licensing, annual fees, building/fire code compliance and inspections, plus strict proximity enforcement that can limit where STRs can operate. The City’s active licensing and the need to confirm zoning and proximity spacing increase complexity and investor risk.

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About Cripple Creek

Cripple Creek is a small historic mountain town in Teller County, Colorado, with a population of approximately 1,200 residents. Sitting at an elevation of about 9,500 feet in the central Colorado Rockies, it carries the character of a preserved Old West mining town blended with the energy of a modern gaming destination. Founded in the 1890s during the Cripple Creek gold rush, it remains one of only three Colorado towns designated for limited-stakes casino gaming, and it serves as a popular mountain gateway to some of the state's most celebrated scenery. The nearest major city is Colorado Springs, located roughly 45 miles to the northeast and accessible by a scenic drive of about an hour.

Just beyond the town's northern flank, Pikes Peak rises to 14,115 feet and stands as one of the most recognizable mountains in North America, the inspiration for Katherine Lee Bates's "America the Beautiful." Visitors can reach the summit via the Pikes Peak Highway, which has southern approaches in the greater Cripple Creek and High Park area, or by the historic cog railway that departs from Manitou Springs, about an hour's drive north of town.

In Cripple Creek itself, the Mollie Kathleen Gold Mine offers guided underground tours that descend roughly 1,000 feet into a historic vertical-shaft mine, giving visitors a vivid look at the hard-rock gold mining that defined the region's late-nineteenth-century boom. The experience draws families and history enthusiasts looking for an authentic, hands-on connection to the area's mining past.

About 30 minutes south of Cripple Creek, Florissant Fossil Beds National Monument protects one of the world's richest fossil deposits, featuring enormous petrified redwood stumps and remarkably preserved insect and plant specimens from around 34 million years ago. The monument also includes shaded hiking trails through quiet montane forest and a small visitor center with interpretive exhibits.

The Cripple Creek & Victor Narrow Gauge Railroad offers a family-friendly heritage train ride that departs from the downtown district and loops through remnants of the surrounding gold-mining landscape, making it an easy complement to a day spent wandering the town's brick streets and Victorian storefronts.

Cripple Creek's appeal for short-term rental visitors lies in its unusual combination of preserved historic character, walkable downtown, year-round gaming, and proximity to major natural attractions. Travelers can base themselves in a quiet mountain setting while day-tripping to Colorado Springs, Manitou Springs, the high-country trails of the Pikes Peak region, or the fossil beds to the south, all without the higher costs and denser crowds of Colorado's more famous resort towns.

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