Aspen, CO Airbnb Market Data, Statistics, and Occupancy Rates

Aspen Short-Term Rental Market Overview

Aspen stands out as one of Colorado's most premium short-term rental markets, with an average daily rate of $1,090 — more than double the state average of $529 — and occupancy running at 60% versus 45% statewide. The market's 506 active listings generate an average annual revenue of $137,908, driven by world-class skiing, summer festivals, and a steady flow of affluent visitors. However, with average home values topping $13.6 million, the revenue-to-price ratio remains challenging and demands careful deal sourcing to achieve favorable returns.

Key Market Statistics

According to Rabbu market data, the Aspen short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Aspen

Aspen attracts STR investors because of its elite resort-town demand profile, premium nightly rates, and strong occupancy that significantly outpaces Colorado averages.

Expert Market Assessment

"Aspen represents a competitive opportunity where strong revenue potential meets exceptionally high entry costs. The market's dual-peak seasonality — winter months generating $17,800–$19,900 in average monthly revenue and July hitting nearly $14,800 — provides two robust earning windows, though shoulder months like April ($6,099), October ($5,874), and November ($5,567) create meaningful cash-flow troughs. With occupancy stability rated above average and a balanced supply/demand dynamic, the underlying demand fundamentals are sound. The primary challenge lies in the below-average revenue-to-price ratio: at $13.6 million average home values, investors need to be highly selective about acquisition price and property configuration to make the numbers work."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Aspen

Average revenue by month in Aspen

Aspen's revenue peaks sharply in January at $19,995 and remains elevated through March ($17,868), then drops dramatically to $6,099 in April before a summer resurgence led by July at $14,809. The $14,400+ spread between the highest and lowest months (January vs. November at $5,567) underscores a strongly seasonal market where winter dominates and shoulder months require careful budgeting.

Active Airbnb listings by property size in Aspen

Two-bedroom properties dominate Aspen's supply with 193 of 506 listings (38%), followed by 3-bedrooms at 117 and 1-bedrooms at 90. Larger configurations — particularly 5-bedroom (8 listings) and 6+ bedroom (5 listings) — are notably underrepresented, which could signal reduced competition and higher pricing power for investors targeting the luxury group-stay segment.

Average daily rate (ADR) by property size in Aspen

ADR in Aspen scales steeply with property size, rising from $468 for studios to $2,944 for 5-bedroom homes — a 6x premium. Interestingly, 6+ bedroom properties average $2,589, dipping below 5-bedrooms, suggesting that the strongest rate-to-investment premium may be concentrated in the 4–5 bedroom range where ADR jumps from $2,028 to $2,944.

Average RevPAN by property size in Aspen

RevPAN climbs consistently with property size, from $205 for studios to $1,620 for 6+ bedroom listings. The 5-bedroom ($1,534) and 6+ bedroom ($1,620) tiers deliver the strongest revenue per available night, reflecting both high nightly rates and solid occupancy — making larger properties the most efficient revenue generators on a per-night basis.

Average occupancy rates by property size in Aspen

One-bedroom units lead occupancy at 68%, while studios trail at just 44%, suggesting that the smallest units may struggle to attract consistent bookings in a premium market. Mid-range properties (2–3 bedrooms) hold steady at 62%, and 6+ bedroom homes maintain a notable 63% occupancy — strong for their price point and size, indicating reliable demand for large group accommodations.

Average monthly revenue by property size in Aspen

Monthly revenue in Aspen ranges from $4,172 for studios to $29,484 for 6+ bedroom properties, with each step up in size delivering a meaningful revenue increase. The jump from 3 bedrooms ($16,247) to 4 bedrooms ($24,105) is particularly notable — a 48% increase — making the transition to larger properties an inflection point for revenue potential.

Average annual revenue by property size in Aspen

Annual revenue ranges from $50,064 for studios to $353,815 for 6+ bedroom listings, with 4-bedroom and larger properties clearing the $289,000 mark. Given Aspen's extremely high home values, investors targeting larger properties will need to weigh these impressive gross revenues against acquisition costs that can run well into the tens of millions.

Most common amenities for Airbnb listings in Aspen

Parking (96%) and kitchen access (92%) are near-universal in Aspen listings, reflecting guest expectations in a mountain resort market where driving and self-catering are standard. Hot tubs appear in 56% of listings and ski-in/ski-out access in 36%, signaling that resort-style amenities are important differentiators — properties offering both are likely positioned to command premium rates and higher occupancy.

Understanding Aspen's ROI Score: 46/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Aspen's ROI score of 46 out of 100 places it in the Competitive Opportunity band — a market where demand is real and revenue is strong, but elevated home prices create a below-average revenue-to-price ratio that narrows the path to attractive returns. On the positive side, occupancy stability and market growth trend both rate above average, and supply/demand balance sits at an average level, indicating that the market's fundamentals remain healthy even as new listings have grown 70% year-over-year. Investors should pair this data with thorough local regulatory research and focus on selective deal sourcing to identify properties where the acquisition cost aligns with the revenue these listings can realistically generate.

Short-Term Rental Regulations in Aspen

Understanding local STR regulations is essential before investing in Aspen. Here's the current regulatory landscape:

Permit Requirements

The City of Aspen and the state of Colorado may require short-term rental operators to obtain permits, register their properties, or secure a business license before listing. Investors should verify current requirements directly with the City of Aspen's planning or licensing department, as local STR regulations in Colorado mountain communities can evolve quickly.

Key Restrictions

Common restrictions in resort markets like Aspen can include occupancy limits tied to property size, minimum stay requirements during certain seasons, noise ordinances, designated parking mandates, and caps on the number of STR permits issued. HOA and condo association rules are especially relevant in Aspen, where many listings are part of managed complexes that may impose their own rental restrictions.

Tax Obligations

Short-term rental hosts in Colorado are generally subject to state sales tax, local lodging or occupancy taxes, and potentially a city-specific tourism assessment. Platforms like Airbnb often collect and remit a portion of these taxes automatically, but operators should confirm their full obligation with the City of Aspen and the Colorado Department of Revenue.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Aspen can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Aspen's strong seasonality — with winter peaks exceeding $19,000 in monthly revenue and a secondary summer surge near $14,800 in July — should continue anchoring performance for well-positioned properties. Above-average occupancy stability and positive market growth trends suggest ADR could edge up another 2–4%, particularly during ski season and major event weekends. The 70% year-over-year growth in active listings bears watching, as increased supply could moderate occupancy gains if demand doesn't keep pace. Investors should plan conservatively for shoulder-season softness in April, October, and November, when monthly revenues dip below $6,100."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Aspen, CO

What is the average Airbnb occupancy rate in Aspen?

The average Airbnb occupancy rate in Aspen is currently 60%, which is notably higher than the Colorado state average of 45%. Occupancy varies by property size — 1-bedroom units lead at 68%, while studios are lower at 44%. Properties with 2–3 bedrooms hold steady around 62%, and even larger 6+ bedroom homes maintain a solid 63% occupancy rate.

How much do Airbnb hosts make in Aspen?

Airbnb hosts in Aspen earn an average of $11,492 per month and approximately $137,908 per year, based on trailing 12-month booking data. Revenue scales significantly with property size: studios average around $50,064 annually, while 6+ bedroom properties can bring in roughly $353,815 per year. Peak winter months push monthly earnings above $18,000–$19,000, with a secondary summer bump in July near $14,800.

Is Aspen a good market for Airbnb investment?

Aspen offers strong revenue potential and above-average occupancy, making it an appealing STR market for investors who can navigate its high entry costs. With average home values around $13.6 million, the revenue-to-price ratio is below average, meaning investors need to source deals carefully. The market's dual-season demand (winter skiing and summer recreation), premium nightly rates of $1,090, and stable occupancy make it rewarding for those who acquire the right property at the right price.

What is the average daily rate (ADR) for Airbnb in Aspen?

The average daily rate for Airbnb listings in Aspen is $1,090, which is more than double Colorado's state average of $529. ADR ranges widely by property size — from $468 for studios up to $2,944 for 5-bedroom homes. Notably, 6+ bedroom properties average $2,589, slightly below the 5-bedroom tier, suggesting that the premium-to-cost sweet spot may peak around the 4–5 bedroom range.

Are short-term rentals legal in Aspen?

Short-term rentals operate in Aspen, but the city and the state of Colorado may impose permitting, registration, and licensing requirements. Regulations in Colorado resort towns can include occupancy limits, parking mandates, minimum stay requirements, and permit caps. Investors should check directly with the City of Aspen and review any HOA or condo association rules before purchasing, as requirements can change.

When is peak season for Airbnb in Aspen?

Peak season in Aspen centers on the winter ski months, with January generating the highest average monthly revenue at $19,995, followed by February ($18,641) and March ($17,868). A secondary summer peak arrives in July at $14,809, driven by outdoor recreation, festivals, and events. The slowest months are October ($5,874), November ($5,567), and April ($6,099), which represent the shoulder periods between ski and summer seasons.

How many Airbnbs are there in Aspen?

There are currently 506 active Airbnb listings in Aspen as of April 2026. The supply is concentrated in 2-bedroom properties (193 listings), followed by 3-bedroom units (117) and 1-bedroom listings (90). Larger 4+ bedroom properties are less common, with just 52 listings combined across 4, 5, and 6+ bedroom categories — which may signal less competition in the luxury segment.

How is Airbnb revenue calculated in Aspen?

The annual and monthly revenue figures for Aspen are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the results up to a market-level historical average. Because each month uses its own historical performance, the figures naturally reflect seasonal peaks (like Aspen's strong winter months) and slower shoulder periods. Individual results can vary meaningfully based on property quality, pricing strategy, location within Aspen, and how effectively the listing is managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Occupancy rates, average daily rates, and RevPAN trends across property configurations
• Monthly and annual revenue metrics based on trailing 12-month historical booking data
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Data aggregated from multiple providers including Rabbu proprietary analytics for consistency

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and market conditions as of April 2026; actual results may differ based on property-specific factors, pricing strategy, and management quality. Local regulations, tax obligations, and permit requirements are subject to change; investors should verify current rules with the City of Aspen and relevant Colorado agencies before purchasing.