The short-term rental market in Grand Junction, Colorado, is thriving, with a median occupancy rate of 69%, an average daily rate of $130, and an annual host income of $33,000, driven by strong seasonal demand for outdoor activities and local events.
Thriving Short-Term Rental Market in Grand Junction, Colorado
Grand Junction, Colorado, is experiencing a robust and profitable short-term rental market. With a median occupancy rate of 69%, hosts in the area are seeing significant demand for their properties. The average daily rate stands at $130, contributing to an average annual host income of $33,000. The peak season, which spans from late spring through the summer months, is driven by the region's popular outdoor activities, wine festivals, and attractions like the Colorado National Monument and Grand Mesa. This seasonal surge, combined with a smaller but notable increase in bookings during the fall due to the area's stunning autumn foliage, makes Grand Junction an attractive and stable market for short-term rental investments.
Short-Term Rental Regulations in Grand Junction, Colorado for 2024
Application and Permitting
- All short-term rental operators must apply for and receive a Short-Term Rental permit from the City of Grand Junction. A separate permit is required for each Short-Term Rental unit.
- The application fee for a short-term rental permit is $250, and the permit must be renewed annually with a $200 renewal fee.
Types of Short-Term Rentals
- Primary Short-Term Rentals: Make available for rent all bedrooms in a dwelling unit in a principal structure, excluding accessory dwelling units attached to a principal structure.
- Secondary Short-Term Rentals: Make available for rent less than all the bedrooms in a principal dwelling unit, or an accessory dwelling unit.
Zoning and Location Restrictions
- Short-term rentals are allowed in areas zoned for residential, commercial, or mixed use but are excluded from properties zoned for industrial and public uses.
- Within the Downtown Area:
- No more than 7% of residentially zoned lots may have a primary short-term rental.
- Outside the Downtown Area:
- No more than 3% of residentially zoned lots may have a primary short-term rental.
Unit Limitations
- On a residentially zoned lot with four or fewer units:
- Allowed 1 primary short-term rental and 1 secondary short-term rental.
- On a residentially zoned lot with five or more units:
- No more than 10% of the units may be rented as short-term rentals, provided at least 1 short-term rental is allowed.
Building and Safety Standards
- Short-term rentals must meet building codes for life safety, including smoke alarms, carbon monoxide detectors, and egress requirements for all bedrooms.
- All accommodations must have sanitary and bathing facilities available to guests and have one parking space per bedroom plus one additional parking space.
Operational Requirements
- Each short-term rental must have a local property manager or representative available at all times when the home is rented to handle emergencies, conflicts, and other issues.
- Operators must comply with noise restrictions, quiet hours, and trash disposal instructions.
Taxes and Licensing
- The short-term rental permit includes the sales tax license. Operators are required to remit timely payments on a quarterly basis for local, state, and federal taxes.
Additional Requirements
- Provide a floor plan and site plan with the application, depicting all rooms, doors, windows, and areas available for guest parking.
- If food will be prepared and served to guests, the operator must comply with Mesa County Health Department regulations.
- Ensure that parking on lawns is not allowed and provide a written instrument authorizing use of shared driveways if applicable.
Top Neighborhoods for Airbnb Revenue in Grand Junction, Colorado
1. Downtown Grand Junction
- Appeal: Centrally located, Downtown Grand Junction offers easy access to main street dining, shopping, and cultural attractions such as the Avalon theater and the largest street outdoor art exhibit. Guests can walk to various restaurants, bars, and downtown shopping areas, making it highly convenient and appealing.
2. Redlands
- Appeal: Known for its scenic views and proximity to the Colorado National Monument, Redlands is a favorite among guests. Properties here often feature panoramic views, private gardens, and modern amenities like fully equipped kitchens and private hot tubs.
3. Colorado National Monument Area
- Appeal: This area is highly sought after due to its stunning natural beauty and outdoor recreational opportunities. Guests can enjoy hiking, biking, and other activities while being close to the monument. Properties often offer sweeping views and easy access to nature trails.
4. Grand Mesa
- Appeal: Located near the Grand Mesa, the largest flat-top mountain in the world, this area attracts guests who love outdoor activities such as hiking, skiing, and biking. The scenic views and proximity to natural attractions make it a lucrative spot for Airbnb rentals.
5. Lincoln Park-Moyer Pool Area
- Appeal: This neighborhood is popular for its family-friendly environment, with amenities like the Lincoln Park-Moyer Pool and proximity to Colorado Mesa University. Guests appreciate the comfortable and clean homes, often with enclosed front porches and covered back patios.
6. James M. Robb - Colorado River State Park Area
- Appeal: This area is appealing due to its scenic river views and access to the state park. Guests can enjoy water activities, fishing, and other recreational pursuits while staying in well-equipped and comfortable vacation rentals.
These neighborhoods are particularly attractive to guests due to their combination of natural beauty, recreational opportunities, and convenient access to local amenities and attractions.
Furnishing and Design Tips for an Inviting Airbnb in Grand Junction, Colorado
Define Your Property's Aesthetic
- Align your furniture and decor with the unique style of Grand Junction, such as a chic hippie vibe or a blend of old and new elements.
Measure and Plan Your Space
- Measure your rooms to determine the best layout, ensuring there is plenty of space to move around and that natural light sources are not blocked.
Choose Timeless and Durable Furniture
- Opt for sturdy, easy-to-clean pieces that can withstand frequent use. Avoid flimsy or low-quality items, especially those with plastic legs.
Utilize Smart Storage
- Incorporate furniture with built-in storage, such as beds with drawers, wall hooks, and stackable containers to keep the space tidy and organized.
Select Functional and Comfortable Pieces
- Use sofa beds to increase guest capacity and overall rent. Choose sofas with washable covers and avoid real or faux leather.
- Ensure dining tables are tough and resistant to wear and tear. Comfy, lightweight chairs that are easy to move around are also essential.
Enhance with Mirrors and Lighting
- Use full-length mirrors to make the space feel bigger and brighter. Ensure there are power sockets nearby for hair dryers and straighteners.
Equip the Kitchen and Bathrooms
- Provide a fully equipped kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Include basic cookware, utensils, and dinnerware.
- Offer high-quality, durable towels in neutral colors and ensure there is enough storage for guests' toiletries and personal items.
Consider Guest Amenities
- Include a hairdryer, basic toiletries, and a first-aid kit to enhance guest comfort.
- Ensure there is good lighting and easy access to power outlets, especially in work areas. High-speed internet is crucial for business travelers and digital nomads.
Incorporate Local Charm
- Reflect Grand Junction's outdoor lifestyle by highlighting access to recreational activities like biking, hiking, and wineries. Emphasize the property's proximity to downtown, restaurants, and local attractions.
Ensure Accessibility and Safety
- Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms. Install smoke detectors, carbon monoxide detectors, and a first aid kit.
Maintain a Consistent Theme
- Stick to your chosen theme throughout the property to create a cohesive and inviting atmosphere. Use consistent colors, especially whites, to maintain a hotel-like feel.
Outdoor Spaces
- Utilize outdoor spaces effectively by adding amenities like patios, balconies with mountain views, BBQ grills, and fire pits to enhance the guest experience.
Discover Grand Junction, Colorado: Local Attractions and Insider Tips
Nature’s Trifecta and Outdoor Adventures
- Colorado National Monument:
Often called the "mini-Grand Canyon," this monument features a 23-mile Rim Rock Drive with panoramic views, hiking trails, and stunning rock formations. Must-try hikes include Devils Kitchen and the more leisurely trails along the scenic drive.
Grand Mesa:
The largest flat-top mountain in the world, Grand Mesa offers over 300 alpine lakes, pine and aspen forests, and a cooler climate than the valley below. Enjoy hiking, fishing, paddleboarding, and exploring the wildflowers. Note the temperature difference: it's usually 20 degrees cooler on the mesa.
Rattlesnake Arches:
- With over 35 naturally formed sandstone arches, this is the second-largest concentration of arches outside of Utah. Perfect for hiking and exploring unique geological formations.
Water Activities
- Gunnison and Colorado Rivers:
- Enjoy rafting, canoeing, stand-up paddleboarding, kayaking, and tubing. The area also offers excellent fishing spots, including the James M. Robb Colorado River State Park.
Cultural and Local Experiences
- Downtown Grand Junction:
Explore the lively downtown area with its specialty shops, restaurants, and public art spaces. Don’t miss the farmers markets during the summer, and visit unique stores like Pinque Boutique, Triple Play Records, and Enstrom Candy.
Museum of the West:
Learn about the history of the region with rock art, artifacts from the Anasazi people, and historical exhibits. You can even ‘ride’ a stagecoach or ‘fly’ a 1958 Cessna.
Grand Junction Art Center:
- A must-visit for art enthusiasts, featuring local and regional artwork as well as traveling exhibits. Admission is free, though donations are appreciated.
Food and Drink
- Local Wineries:
Visit wineries in Palisade, just a short drive from Grand Junction. Two Rivers Winery is a local favorite with bottle prices under $20.
Recommended Restaurants:
- Try Rockslide Restaurant and Brewery for local cuisine, Dream Café for American and vegetarian options, and Bin 707 for southern dishes and seafood.
Unique Attractions
- Little Book Cliffs Wild Horse Range:
One of only three wild horse sanctuaries in the U.S., this range is home to over 100 wild horses. Best viewed at dawn or dusk.
Western Colorado Botanical Gardens:
- Spanning 15 acres, this garden features a wide variety of plant life, including native Colorado plants, rare species, and a vast collection of succulents and cacti.
Seasonal Activities
- Skiing at Powderhorn Mountain:
Located on the Grand Mesa, Powderhorn offers diverse skiing trails, tree skiing, and intermediate runs. Just a 45-minute drive from Grand Junction.
Year-Round Hiking and Biking:
- Grand Junction’s temperate climate allows for comfortable hiking and biking year-round. Explore trails in the Colorado National Monument, Grand Mesa, and other local areas.
Insider Tips
- Climate:
Grand Junction has a relatively dry winter, making it ideal for outdoor activities even in the colder months. It’s also cooler on the Grand Mesa compared to the valley below.
Wildlife Viewing:
Keep an eye out for wildlife such as moose, mule deer, elk, black bear, and marmot on the Grand Mesa.
Local Events:
- Check the Calendar of Events for downtown Grand Junction to catch farmers markets, public art displays, and other local events.
By sharing these attractions and tips, you can help your Airbnb guests make the most of their visit to Grand Junction, Colorado.
Practical Tips to Run a Successful Short-Term Rental Business in Grand Junction, Colorado
To ensure the success of a short-term rental business in Grand Junction, Colorado, several practical tips can be implemented to enhance guest satisfaction and compliance with local regulations.
Noise Regulations and Quiet Hours
Informing guests about quiet hours is crucial to maintain a peaceful environment and comply with local noise regulations. Include clear notices in both digital and physical house manuals, and consider posting signage at the property to remind guests of quiet hours.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the property's rules, including quiet hours, trash disposal, and fire safety procedures.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos of the lock and any other relevant entry points.
Parking Instructions
Ensure that parking instructions are clear and accompanied by photos to avoid any confusion. This is particularly important in areas with limited parking or specific parking regulations. Including this information in the house manual and in pre-arrival communications can help prevent issues and enhance the overall guest experience.
By implementing these strategies, you can improve guest satisfaction, reduce potential conflicts, and ensure your short-term rental business in Grand Junction, Colorado, operates smoothly and in compliance with local regulations.
Here is a brief list of house cleaning providers in Grand Junction, Colorado:
House Cleaning Services
Merry Maids of Grand Junction
- Offers expert home cleaning services with 40 years of industry experience.
House Minders
- A locally owned, non-toxic based cleaning service specializing in residential, commercial, and move-out cleaning services.
Various Independent Cleaners via Care.com
- A list of 44 affordable house cleaning services, including individuals and small companies, with an average rate of $19/hr and an average experience of 4 years.
Additional Resources
Elite Cleaning Service
- While primarily focused on commercial janitorial needs, they might offer some residential services as well.
House Cleaners Listed on Angi
- A compilation of top-rated house cleaners in Grand Junction, with detailed reviews and service information.
Short-Term Rental Management Fees in Grand Junction, Colorado
In Grand Junction, Colorado, the fees for managing short-term rentals can vary significantly based on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, typically ranges from 15% to 30% of the rental revenue. Companies like Summer and Awning charge fees starting at 20% and 15%, respectively, with the rates adjusting based on factors like property size, type, location, and annual revenue.
On the other hand, basic or half-service management options, which may exclude some of these comprehensive services, can be more affordable, starting as low as 10% of rental income. Additional fees may apply for services such as cleaning, repairs, or professional design and furnishing of the rental property. Understanding these fee structures is crucial for property owners to make informed decisions about how to manage their short-term rental investments effectively.