Grand Junction, CO

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

363 / 653

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$31,890

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$414,332

Median Home Sale Price

Top Earners

$61,190

Top-Earners Revenue

Grand Junction

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Grand Junction.

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B

Generally Investor friendly

Grand Junction Regulations

Grand Junction permits STRs citywide in most residential/mixed-use zones with clear online licensing ($260) and modest inspection ($35), annual renewal ($210), and reasonable density caps (7% downtown, 3% outside) that are manageable for investors.

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About Grand Junction

Grand Junction, Colorado, is a picturesque city located in the western part of the state. With a population of approximately 65,000 people, it serves as the largest city in Mesa County. Grand Junction is about 243 miles west-southwest of Denver, the closest major city, making it a relatively remote yet accessible location.

The city's appeal for short-term rentals is considerable due to its unique blend of outdoor activities, natural beauty, and cultural attractions. One of the most notable landmarks is the Colorado National Monument, a stunning expanse of canyons and rock formations (visit here for more information). Additionally, the Grand Mesa, touted as the largest flat-topped mountain in the world, offers numerous trails, lakes, and outdoor recreation opportunities (more details here).

Wine enthusiasts can explore the nearby Palisade area, known for its vineyards and wine tours, while downtown Grand Junction boasts a vibrant arts scene, restaurants, and shops. The city's location at the confluence of the Colorado and Gunnison rivers also provides excellent opportunities for water-based activities, from fishing to kayaking.

Given its diverse attractions and relative proximity to the amenities of Denver, Grand Junction is an appealing destination for short-term renters looking to experience the rich natural and cultural offerings of Western Colorado.

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