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

Drake Short-Term Rental Market Overview

Drake, CO is a small mountain community along the Big Thompson Canyon that currently supports just 21 active Airbnb listings, yet those properties generate an average of $53,223 in annual revenue. With an ROI score of 67 out of 100, the market presents an attractive opportunity for investors who value a nature-driven destination with pronounced summer seasonality. Average home values sit at $715,578, and while the 35% occupancy rate trails the Colorado state average of 45%, the relatively low supply keeps competition manageable.

Key Market Statistics

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

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

Why Investors Consider Drake

Investors are drawn to Drake for its mountain-recreation appeal, limited listing supply, and revenue potential that competes well against Colorado property costs.

Expert Market Assessment

"Drake presents a moderately compelling opportunity for STR investors willing to embrace seasonal cash-flow patterns. The market's strength is concentrated between May and September, when monthly revenues climb from $4,180 to a July peak of $8,194 — roughly four times the winter low of $1,985 in February. With all four ROI calculation factors rated "Average," Drake doesn't flash any warning signs but also won't carry itself without thoughtful management and pricing. Investors who target this market should lean into its outdoor-recreation identity and plan their financial models around a roughly 60/40 split between peak and off-peak income."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Drake

Average revenue by month in Drake

Drake's revenue cycle is highly seasonal, peaking in July at $8,194 and bottoming out in February at $1,985 — a spread of more than 4x. The five months from May through September account for the bulk of annual earnings, making cash-flow planning and dynamic pricing essential for investors in this market.

Active Airbnb listings by property size in Drake

Supply in Drake is concentrated among smaller properties, with 8 one-bedroom and 7 two-bedroom listings comprising the tracked inventory. The absence of larger three- or four-bedroom listings in the data could signal an underserved niche for investors willing to offer group-sized accommodations.

Average daily rate (ADR) by property size in Drake

Two-bedroom properties command a $204 average daily rate compared to $170 for one-bedrooms, representing a 20% premium for the extra bedroom. Given the modest cost difference in furnishing and maintaining a slightly larger unit, the two-bedroom configuration offers a favorable ADR-to-cost trade-off.

Average RevPAN by property size in Drake

One-bedroom listings edge ahead in RevPAN at $66 versus $61 for two-bedrooms, driven by their higher occupancy rate offsetting the lower nightly rate. This suggests that smaller units convert available nights into revenue more efficiently, even though two-bedrooms earn slightly more in absolute terms.

Average occupancy rates by property size in Drake

One-bedroom properties maintain a 39% occupancy rate compared to 30% for two-bedrooms, a meaningful 9-percentage-point gap. For investors prioritizing consistent bookings and cash-flow stability, one-bedrooms appear to be the safer bet in Drake's current market.

Average monthly revenue by property size in Drake

Two-bedroom properties earn slightly more per month at $4,555 versus $4,445 for one-bedrooms, a difference of just $110. The tight revenue gap between sizes suggests that in Drake, the one-bedroom's higher occupancy and the two-bedroom's higher ADR roughly cancel each other out.

Average annual revenue by property size in Drake

Annual revenue for two-bedroom listings averages $54,661 compared to $53,341 for one-bedrooms — a marginal $1,320 difference. With such a narrow gap, property acquisition cost and maintenance expenses become the primary factors in determining which size delivers a better return on investment.

Most common amenities for Airbnb listings in Drake

Kitchens and parking are universal at 100%, while outdoor-focused amenities dominate — 86% of listings offer BBQ grills, 81% have a patio or balcony, and 57% feature hot tubs, signaling that guests expect a complete outdoor retreat experience. Pet-friendliness at 76% is notably high, suggesting that allowing pets is nearly a market requirement rather than a differentiator.

Understanding Drake's ROI Score: 67/100

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

Drake's ROI score of 67 out of 100 places it in the "Attractive Opportunity" band, reflecting a balanced profile where no single factor dramatically outperforms or underperforms. All four calculation factors — Revenue-to-Price Ratio, Occupancy Stability, Market Growth Trend, and Supply/Demand Balance — rate as "Average," suggesting steady fundamentals without outsized risk or outsized upside. Investors should pair this score with on-the-ground regulatory research and a seasonal cash-flow model to confirm that Drake's mountain-recreation demand aligns with their investment timeline and risk tolerance.

Short-Term Rental Regulations in Drake

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

Permit Requirements

Short-term rental operators in Drake, CO should verify whether Larimer County or the state of Colorado requires a specific STR permit or registration before listing a property. Requirements can change, so investors are strongly encouraged to consult local planning and zoning offices for current rules.

Key Restrictions

Common restrictions in Colorado mountain communities can include occupancy limits, minimum stay requirements, noise ordinances, parking regulations, and HOA covenants that may prohibit or limit short-term rentals. Some jurisdictions also impose caps on the total number of permits issued, so early verification is important.

Tax Obligations

Short-term rental hosts in Colorado are generally subject to state sales tax, county lodging tax, and potentially local tourism or accommodation taxes. Many booking platforms collect and remit some of these taxes automatically, but hosts should confirm their full obligation with a tax professional familiar with Colorado STR rules.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Drake's short-term rental market is expected to continue riding its strong summer demand cycle, with peak-season monthly revenues likely holding in the $6,000–$8,000 range for an average listing. Year-over-year listing growth of 111% signals rising investor interest, which could compress occupancy slightly if supply outpaces demand. ADR may see modest increases of 1–3% as the market matures and hosts refine pricing strategies, though winter months will likely remain soft with revenues closer to $2,000–$3,000. Investors should plan for significant seasonal cash-flow variation and budget reserves accordingly."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Drake, CO

What is the average Airbnb occupancy rate in Drake?

The average occupancy rate for Airbnb listings in Drake is currently 35%, which is below the Colorado state average of 45%. One-bedroom properties tend to perform better at 39% occupancy compared to two-bedroom listings at 30%. This lower overall occupancy reflects Drake's strong seasonal patterns, with demand concentrated in the warmer months from May through September.

How much do Airbnb hosts make in Drake?

On average, Airbnb hosts in Drake earn approximately $4,435 per month or $53,223 per year based on trailing 12-month data. Revenue varies considerably by season — July is the top-earning month at $8,194 on average, while February is the softest at $1,985. Two-bedroom properties slightly edge out one-bedrooms with $54,661 in average annual revenue versus $53,341.

Is Drake a good market for Airbnb investment?

Drake carries an ROI score of 67 out of 100, placing it in the "Attractive Opportunity" category. The market benefits from limited supply (just 21 active listings), solid summer demand, and average annual revenue of $53,223. However, investors should account for significant seasonal swings and an occupancy rate that sits below the state average. With average home values around $715,578, the revenue-to-price ratio is workable but requires careful financial planning.

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

The average daily rate in Drake is $195, which is well below the Colorado state average of $529. One-bedroom properties average $170 per night, while two-bedroom listings command $204. The lower ADR compared to the state average reflects the market's small-cabin and cottage character rather than the luxury resort pricing seen in Colorado's major ski destinations.

Are short-term rentals legal in Drake?

Short-term rentals can operate in Drake, CO, but investors should verify current permit and registration requirements with Larimer County and the state of Colorado before listing a property. Local regulations, including zoning restrictions and HOA rules, can affect eligibility. It's advisable to consult local authorities and a real estate attorney familiar with Colorado STR regulations to ensure full compliance.

When is peak season for Airbnb in Drake?

Peak season in Drake runs from June through September, with July being the strongest month at an average revenue of $8,194 per listing. August follows closely at $7,568, and June and September round out the high season at $6,341 and $6,181, respectively. The off-peak period from November through March sees significantly lower earnings, with February being the slowest month at $1,985.

How many Airbnbs are there in Drake?

As of April 2026, there are 21 active Airbnb listings in Drake. The supply is concentrated in smaller property types, with 8 one-bedroom listings and 7 two-bedroom listings making up the tracked inventory. Year-over-year listing growth stands at 111%, indicating a notable increase in new supply entering this small market.

How is Airbnb revenue calculated in Drake?

The annual and monthly revenue figures for Drake 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. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the remaining data up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, and operational management.

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 for the Drake, CO market
• Average daily rates, occupancy rates, and RevPAN metrics by property size
• Monthly and annual revenue trends based on trailing 12-month historical booking data
• Popular amenity prevalence across active listings to guide property setup decisions
• Home value data sourced from Zillow Home Value Index (ZHVI) for investment analysis

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and may not capture very recent market shifts. Local regulations and tax obligations vary and should be independently verified before purchasing a property.