Colby, KS

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

31 / 68

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$14,776

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$177,700

Median Home Sale Price

Top Earners

$33,179

Top-Earners Revenue

Colby

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Colby.

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C

Challenging to Investors

Colby Regulations

Colby lacks a clear citywide STR ordinance, pushing most STR activity into owner‑occupied Bed & Breakfast (R‑1) under a Home Occupation Permit or into commercial lodging in C‑1/C‑2/C‑M/C‑3, with occupancy/building/fire inspections and Planning Commission/Governing Body approvals. Zoning caps (B&B must remain incidental and secondary, small signage, restricted employees) and the need for P.U.D. or special permits for multi‑unit concepts add compliance burden. While technically legal, the restrictive pathways, layered approvals, and absence of a simple, low‑cost STR licensing regime create meaningful investor risk.

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About Colby

Colby is a city in and the county seat of Thomas County, Kansas, United States. As of the 2020 census, the population of the city was 5,570.

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