Market Leaders
Arvada
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Arvada, Colorado has emerged as a popular destination for short-term rentals in recent years. Located just northwest of Denver, Arvada offers easy access to the city while also providing a charming small-town atmosphere and proximity to outdoor recreation in the Rocky Mountain foothills. The city's growing popularity as a vacation spot, combined with limited new hotel development, has led to a surge in the short-term rental market.
According to data from AirDNA, Arvada saw a 25% increase in active short-term rental listings between 2020 and 2023, reaching over 500 active rentals as of mid-2024. This growth has been driven by both individual investors and homeowners looking to capitalize on the strong demand for vacation rentals in the area. Arvada's short-term rental market is now estimated to generate over $30 million in annual revenue.
The Arvada short-term rental market has seen impressive performance metrics in recent years. AirDNA data shows that Arvada vacation rentals averaged an occupancy rate of 72% in 2023, up from 68% in 2020. The average daily rate (ADR) for Arvada short-term rentals also increased from $175 in 2020 to $210 in 2023, reflecting strong demand and the ability of property managers to command premium pricing.
These performance benchmarks highlight the opportunity for vacation rental management companies in Arvada. By leveraging data-driven pricing strategies, efficient operations, and effective marketing, property managers can maximize the revenue potential of short-term rentals in the area. (For more details on the Arvada short-term rental market overview, see the Market Overview section.)
The Arvada short-term rental market has become increasingly competitive in recent years, with a growing number of property management companies vying for a share of the market. According to our research, there are now over 20 vacation rental management firms actively operating in Arvada and the surrounding Denver metro area.
Some of the key players in the Arvada rental market include:
This competitive landscape means that vacation rental owners in Arvada have a wide range of management options to choose from. Property managers must differentiate themselves through factors like local market expertise, technology capabilities, pricing strategies, and quality of service in order to attract and retain clients.