Airbnb City Guide: The Best Places To Invest in Aurora, Colorado

Airbnb Rules and Regulations in Aurora, Colorado

As of 2024, the City of Aurora permits short-term rentals in residential areas, but hosts must adhere to specific regulations. Homeowners are required to obtain a business license and a lodger's license from the city and include their license number in any advertisements, including those posted on booking platforms, for their rental property. Only primary residences can be used as short-term rentals, with the owner occupying the property for at least 185 days per year.

Hosts must collect an 8% lodger's tax on stays of 29 nights or less and remit it to the city. The entire dwelling cannot be rented out for more than 180 days in a 365-day period. Accessory dwelling units can be rented in the short term if the owner lives in the main house. Hosts are responsible for any nuisance violations caused by guests, such as excessive noise. Homeowners associations and landlords may prohibit short-term rentals, so hosts should verify they are permitted. The city monitors compliance with licensing and tax collection requirements, and failure to comply can result in fines.

Aurora Airbnb Market Data:

• Average Revenue – $18.8K per year
• Average Daily Rate – $122 per night
• Average Occupancy Rate – 61%
• Average RevPAR – $74.9
• Average Home Prices – $483,228

1. Top Place to Invest in Aurora, Colorado - Expo Park

Expo Park, a hidden gem in Aurora, Colorado, offers a unique blend of urban convenience and suburban charm. This neighborhood, situated just southeast of Denver, provides an attractive opportunity to establish an Airbnb business and make it a profitable venture in a growing market.

Expo Park Airbnb Market Data:

• Average Revenue – $20K per year
• Average Daily Rate – $125.7 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $69.8

Location and Convenience (7/10)

Expo Park's proximity to major thoroughfares like Interstate 225 makes it an ideal location for commuters and travelers alike. The neighborhood's central location within Aurora provides easy access to Denver International Airport, downtown Denver, and the Denver Tech Center. However, traffic congestion during peak hours can be a drawback.

Tourist Attractions (6/10)

While Expo Park may not be a major tourist destination, its location allows convenient access to nearby attractions. The Aurora Hills Golf Course and the CommonGround Golf Course offer scenic greens for golf enthusiasts. The Stanley Marketplace, a short drive away, features a variety of local shops and restaurants. Nonetheless, the neighborhood lacks major tourist draws within its immediate vicinity.

Things to Do (8/10)

Expo Park boasts a 57-acre green space with ample amenities for residents and visitors. The park features an 18-hole disc golf course, one of only two in Aurora, attracting both amateur and experienced players. The Expo Recreation Center hosts popular public programs like eSports, cooking classes, and dance lessons. Additionally, the High Line Canal Trail and Westerly Creek Trail provide scenic routes for bikers and runners.

Average Home Prices (7/10)

As of 2024, the average home price in Expo Park sits at $360,992, according to Zillow data. This represents a 2% decrease from the previous 12 months. Condominiums in the area typically range from the low $100,000s to $200,000, while houses fall between the low $300,000s and low $500,000s. The modest price points and potential for appreciation make Expo Park an attractive option for investors.

Proximity to Work-Related Travel (8/10)

Expo Park's location is a significant advantage for those traveling for work. The University of Colorado Anschutz Medical Campus, a major employer in the area, is just a short commute away. The neighborhood's proximity to the Denver Tech Center and Buckley Space Force Base also makes it an appealing choice for professionals in various industries.

X-Factor (9/10)

What sets Expo Park apart is its unique blend of suburban tranquility and urban accessibility. The neighborhood's diverse housing options, ranging from modest ranch-style homes to low-rise condominiums, cater to a wide range of investors and renters. The community's strong sense of identity, exemplified by the iconic "Aurora Akimbo" art installation in Expo Park, adds to its charm and appeal.

2. Top Place to Invest in Aurora, Colorado - Delmar Parkway

Nestled in the heart of Aurora, Delmar Parkway is a vibrant neighborhood that offers a perfect blend of residential comfort and urban convenience. This up-and-coming area has caught the attention of savvy Airbnb and short-term rental investors looking to capitalize on its growing popularity and untapped potential.

Delmar Parkway Airbnb Market Data:

• Average Revenue – $22.6K per year
• Average Daily Rate – $126.1 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $90.3

Convenience (8/10)

One of Delmar Parkway's greatest strengths is its exceptional convenience. The neighborhood boasts easy access to major highways, including I-225 and E-470, making navigating the Denver metropolitan area a breeze for residents and visitors. Moreover, the RTD light rail system's nearby Iliff Station provides a convenient alternative for those looking to avoid traffic.

Tourist Attractions (5/10)

While Delmar Parkway may not be a top tourist destination, it is surrounded by various attractions that draw visitors to the area. The Aurora History Museum, just a short drive away, offers a glimpse into the city's rich past. For outdoor enthusiasts, the Cherry Creek State Park provides ample opportunities for hiking, biking, and water activities.

Things to Do (7/10)

Delmar Parkway offers a range of activities for residents and visitors alike. The Del Mar Park, which lends its name to the neighborhood, features a playground, basketball courts, and a spacious green area perfect for picnics or outdoor games. The Moorhead Recreation Center, located nearby, hosts community events and offers fitness classes for all ages.

Average Home Prices (8/10)

According to Zillow data, the median home value in Delmar Parkway stood at $385,000 as of 2024. This represents a modest 1.5% appreciation over the past year, indicating a stable and growing market. The neighborhood offers a mix of single-family homes, townhouses, and condominiums, catering to various investment strategies and budgets.

Proximity to Work-Related Travel (6/10)

Delmar Parkway's location provides reasonable access to major employment centers in the area. The University of Colorado Anschutz Medical Campus, a significant healthcare hub, is about a 20-minute drive away. The Denver Tech Center, home to numerous corporate offices, is approximately a 30-minute commute. However, the neighborhood's distance from downtown Denver may be a drawback for some.

X-Factor (9/10)

What sets Delmar Parkway apart is its strong sense of community and small-town charm, despite being located within a larger city. The neighborhood's tree-lined streets, well-maintained homes, and friendly residents create a welcoming atmosphere that appeals to both long-term residents and short-term visitors. This unique combination of urban convenience and suburban tranquility makes Delmar Parkway a hidden gem for Airbnb and short-term rental investors.

3. Top Place to Invest in Aurora, Colorado - Cherry Creek District

The Cherry Creek District, straddling the border of Aurora and Denver, is a premier destination for those seeking an upscale urban lifestyle. This sought-after neighborhood has become a hotspot for Airbnb and short-term rental investors, thanks to its luxurious amenities, prime location, and thriving business district.

Cherry Creek District Airbnb Market Data:

• Average Revenue – $15.8K per year
• Average Daily Rate – $105.9 per night
• Average Occupancy Rate – 61%
• Average RevPAR – $66

Convenience (9/10)

Cherry Creek's central location and well-connected transportation network make it one of the most convenient neighborhoods in the area. The district is easily accessible via major highways like I-25 and Colorado Boulevard, and the Cherry Creek Trail provides a scenic route for cyclists and pedestrians. The RTD bus system and nearby light rail stations offer additional options for those looking to leave their cars behind.

Tourist Attractions (8/10)

While Cherry Creek may not have the same tourist draw as downtown Denver, it still offers plenty of attractions for visitors. The Cherry Creek Shopping Center, a world-class mall featuring high-end retailers and dining options, is a major draw for shoppers. The district also boasts a variety of art galleries, boutiques, and spas, catering to those seeking a more refined experience.

Things to Do (7/10)

Cherry Creek offers a range of activities for residents and visitors alike. The Cherry Creek North district hosts various events throughout the year, including art festivals, farmers markets, and holiday celebrations. The neighborhood also features several parks, such as the Cherry Creek Park and the Pulaski Park, which offer green spaces for outdoor recreation.

Average Home Prices (6/10)

As of 2024, the median home value in Cherry Creek stands at $1,120,000, according to Zillow data. This represents a 2.8% appreciation over the past year, indicating a stable and desirable market. However, the high price point may be a barrier for some investors. The district offers a mix of luxury condominiums, duplexes, townhouses, and single-family homes, catering to a more affluent clientele.

Proximity to Work-Related Travel (8/10)

Cherry Creek's location makes it an ideal base for those traveling for work. The district is just a short drive from major employment centers like the Denver Tech Center and the Anschutz Medical Campus. The Colorado Convention Center, a popular venue for conferences and events, is also easily accessible via public transportation or a short ride-share trip.

X-Factor (9/10)

What sets Cherry Creek apart is its unparalleled blend of urban sophistication and neighborhood charm. The district's tree-lined streets, upscale boutiques, and gourmet restaurants create a unique atmosphere that appeals to both locals and visitors. The area's reputation as a shopping and dining destination and its proximity to Denver's cultural attractions make it a highly desirable location for short-term rentals.

4. Top Place to Invest in Aurora, Colorado - Hoffman Heights

Hoffman Heights, a charming neighborhood in northwest Aurora, has emerged as a hidden gem for Airbnb and short-term rental investors. This well-established community offers a perfect blend of affordability, convenience, and small-town charm, making it an attractive option for those looking to capitalize on the growing demand for vacation rentals in the metropolitan area by establishing their own short-term rental.

Hoffman Heights Airbnb Market Data:

• Average Revenue – $19.9K per year
• Average Daily Rate – $134.3 per night
• Average Occupancy Rate – 74%
• Average RevPAR – $96.3

Convenience (7/10)

Situated just off I-225, Hoffman Heights provides easy access to major thoroughfares and public transportation. The RTD A-Line, which connects Denver International Airport to Union Station, has a stop at the nearby Peoria Station, making it convenient for visitors to reach the neighborhood without a car. However, the area's walkability is somewhat limited, with most amenities requiring a short drive.

Tourist Attractions (5/10)

While Hoffman Heights itself may not be a major tourist destination, its proximity to other attractions in the Denver area makes it a convenient base for visitors. The Aurora History Museum, which showcases the city's rich heritage, is just a short drive away. The Star K Ranch, a popular spot for horseback riding and outdoor activities, is also nearby.

Things to Do (6/10)

Hoffman Heights offers a variety of recreational opportunities for residents and visitors alike. The Hoffman Heights Park, which features a playground, basketball courts, and a picnic area, is a popular gathering spot for families. The Lakeshore Athletic Club, located just outside the neighborhood, provides a range of fitness facilities and classes.

Average Home Prices (8/10)

According to Zillow data, the median home value in Hoffman Heights stood at $365,000 as of 2024. This represents a modest 1.8% appreciation over the past year, indicating a stable and growing market. The neighborhood offers a mix of single-family homes, townhouses, and condominiums, with prices ranging from the mid-$200,000s to the mid-$400,000s. These relatively affordable prices make Hoffman Heights an attractive option for investors looking to enter the short-term rental market.

Proximity to Work-Related Travel (6/10)

Hoffman Heights' location provides reasonable access to major employment centers in the Denver area. The Anschutz Medical Campus, a major healthcare hub, is about a 20-minute drive away. The Denver Tech Center, home to numerous corporate offices, is approximately a 30-minute commute. However, the neighborhood's distance from downtown Denver may be a drawback for some business travelers.

X-Factor (7/10)

What sets Hoffman Heights apart is its strong sense of community and small-town feel, despite being located within a larger city. The neighborhood's well-maintained homes, friendly residents, and active community association create a welcoming atmosphere that appeals to both long-term residents and short-term visitors. This unique combination of affordability, convenience, and charm makes Hoffman Heights a promising opportunity for Airbnb and short-term rental investors.

5. Top Place to Invest in Aurora, Colorado - Saddle Rock

Nestled in the heart of Aurora, Saddle Rock is a picturesque neighborhood that offers a perfect blend of suburban tranquility and urban convenience. With its stunning golf course views, top-rated schools, and easy access to Denver's bustling metropolis, Saddle Rock has become an increasingly attractive destination for those planning to start their own short-term rental business.

Saddle Rock Airbnb Market Data:

• Average Revenue – $19.2K per year
• Average Daily Rate – $122.8 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $73.4

Convenience (8/10)

One of Saddle Rock's greatest assets is its prime location. Situated just off E-470, this neighborhood provides quick access to major highways, making navigating the Denver metropolitan area a breeze. The RTD light rail system's nearby Aurora Metro Center Station offers a convenient alternative for those looking to avoid traffic congestion.

Tourist Attractions (6/10)

While Saddle Rock itself may not be a major tourist hotspot, its proximity to various attractions in the Denver area makes it an ideal base for visitors. The Aurora Reservoir, just a short drive away, offers a plethora of outdoor activities, including fishing, boating, and hiking. The Saddle Rock Golf Course provides a challenging and scenic 18-hole experience for golf enthusiasts.

Things to Do (7/10)

Saddle Rock boasts a variety of recreational opportunities for residents and visitors alike. The neighborhood's expansive green spaces, such as the Saddle Rock Park and Piney Creek Hollow Park, offer ample room for picnics, sports, and leisurely walks. The nearby Southlands Shopping Center features diverse retail stores, restaurants, and entertainment options.

Average Home Prices (7/10)

As of 2024, the median home value in Saddle Rock stands at $585,000, according to Zillow data. This represents a modest 2.1% appreciation over the past year, indicating a stable and growing market. The neighborhood offers a mix of single-family homes, townhouses, and condominiums, catering to various investment strategies and budgets.

Proximity to Work-Related Travel (8/10)

Saddle Rock's strategic location makes it an attractive option for business travelers. The Denver Tech Center, a major employment hub, is just a 20-minute drive away. The Anschutz Medical Campus, a world-renowned healthcare facility, is also easily accessible via the E-470 toll road. The Colorado Convention Center in downtown Denver is a mere 25-minute commute for those attending conferences or events.

X-Factor (9/10)

Saddle Rock's unparalleled combination of natural beauty and community spirit sets it apart. The neighborhood's winding streets, meticulously maintained landscaping, and stunning mountain views create an inviting atmosphere that appeals to both residents and visitors. The active homeowners association organizes regular events and initiatives, fostering a strong sense of belonging and camaraderie among neighbors.