Canon City, CO

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Canon City short-term rental market based on reliable data.

Listings

131 / 249

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$24,607

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$335,539

Median Home Sale Price

Top Earners

$50,216

Top-Earners Revenue

Canon City

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Canon City.

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C

Challenging to Investors

Canon City Regulations

Missing local rules: the provided sources do not confirm whether STRs are allowed in Howard, CO, what permits or fees are required, or how they are enforced. State-level activity remains uncertain, and absent clarity on licensing, caps, and taxes creates a high compliance and enforcement risk for investors.

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About Canon City

Cañon City sits in Fremont County in south-central Colorado, a relaxed small town of roughly 16,000 residents that serves as the primary gateway to one of the state's most dramatic natural wonders. The community has a distinctively Western, outdoorsy character, set in a wide valley along the Arkansas River at the eastern edge of the Rocky Mountains. It's best known for its proximity to the Royal Gorge, a deep canyon of the Arkansas carved through pink granite cliffs, and it lies approximately 45 miles south of Colorado Springs and about 120 miles south of Denver.

The headline attraction is the Royal Gorge Bridge and Park, home to what was long billed as the highest suspension bridge in the United States, spanning the canyon at more than 1,000 feet above the river. Located about eight miles west of downtown, the park offers bridge walks, aerial gondolas, a zip line, and views of sheer granite walls on either side. It's the single biggest draw in the region and a natural anchor for any short-term rental strategy aimed at family travelers and sightseers.

Another signature experience is the Royal Gorge Route Railroad, a heritage excursion train that departs from the Cañon City depot and travels through the bottom of the gorge along the Arkansas River. The trip offers a completely different perspective on the same canyon walls seen from the bridge above, with meal-service options and seasonal themed runs. The depot is just minutes from the town center, making it easy to combine with a meal or a stroll.

Closer in, Skyline Drive is a narrow, one-way scenic road that clings to the rim of the Arkansas River canyon on the north edge of town. The roughly three-mile drive offers pull-offs with sweeping views down into the gorge and is popular at sunrise and sunset. Because it begins and ends within city limits, it's an easy add-on for guests who want a memorable outing without driving far from their rental.

The Arkansas River itself runs right through Cañon City, and the surrounding stretch is one of Colorado's most popular whitewater rafting corridors, with outfitters running trips ranging from family-friendly floats to Class V rapids inside the Royal Gorge. In town, a paved riverwalk parallels the water and connects parks, picnic spots, and a handful of locally owned restaurants, giving visitors a place to stroll and cool off between adventures.

Cañon City makes a compelling base for short-term rentals because it bundles dramatic natural scenery, a genuine small-town atmosphere, and proximity to Colorado's second-largest metro area without the crowds or pricing of the mountain resort towns. Travelers can pair a Royal Gorge visit with rafting, scenic drives, and easy day trips to Colorado Springs, all while staying in a quieter community that feels distinctly different from the better-known tourist hubs to the north.

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