If you’re thinking about diversifying your investment portfolio by purchasing a vacation rental property, Granby is a great option in Colorado.
Granby offers proximity to attractions like Rocky Mountain National Park and Grand Lake, as well as ski resorts, including Winter Park and Granby Ranch. Set away from the congested I-70 corridor that feeds into famed Summit County resorts, Granby is a ‘sleepy mountain town’ that’s quickly gaining popularity.
Our Vacation Rental Performance Report shows why Granby is building a reputation as a valuable investment opportunity for vacation rental owners. We’ve included key data on rental income, occupancy rates, booking windows, and vacation rental inventory.
How Much Can You Make With A Vacation Rental In Granby?
In our report, we look at earning potential for properties that perform at the 50th and 75th percentiles. Broadly speaking, this will give you an idea of what you can expect to earn if your property is an average performer or a top performer.
Specifically, the 50th percentile shows how much properties earn at the middle of the market, with half of vacation rentals generating better results and half worse. The 75th percentile depicts the results when properties perform in the top quartile of the market, with 75% of the market earning less.
Two-bedroom properties are by far more common in Granby, making up 37% of the total market. Three-bedrooms come in second with 24% of the market and larger homes like four-bedroom properties are only 9% of the market.
Because larger properties can command higher nightly rates, they typically outperform smaller properties. And with fewer of them on the market, you may find it’s easier to stand up against the competition and fill your calendar with bookings if you have a bigger vacation rental.
How To Become A Top Performer With A Vacation Rental in Granby
There are other factors outside of property size that impact your performance in the Granby area. The quality of a property (how nice it is, how new it is) and amenities are two that directly affect a home’s ability to get bookings.
If you’re thinking about investing in a Granby rental, here are some of the key features that guests look for:
- Lots of sleeping space
- Hot tub
- Fire pit
- Proximity to attractions like Winter Park, Hot Sulphur Springs, Grand Lake, etc.
- Modern amenities
When guests are visiting the mountains, they want to stay in a property that has a cozy cabin feel. Our data shows that vacation homes with these amenities typically book better and at higher rates than others in the market.
Download Our Full Report For More Details
With easy access to famous attractions, it’s easy to see why investors are looking at Granby as an alternative to more expensive real estate in Summit County. If you want to learn more about the vacation rental market in Granby, get a copy of our full report to see:
- Rental income potential by property size
- Average occupancy by property size
- Average daily rate by property size
- Average days booked in advance
- Average length of stay
- Vacation rental inventory by property size
- Occupancy rate by month
The Granby Area
Vacation Rental Performance Reports
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Our mission at Evolve is to make vacation rental easy for everyone.
That’s one reason we’re constantly blogging about the industry and offering free information, tips, and downloads to anyone who’s interested. We genuinely want every vacation rental homeowner to succeed.
In fact, we can charge an industry-low 10% booking fee because our success is tied to the property’s performance. Even better, we have entire teams focused specifically on performance, helping our owners earn more than $500 million in rental income. If you’re wondering whether Evolve is right for your property, click here to see if you qualify.