Performance indicators for the Colby short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Colby.
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Challenging to Investors
Colby lacks a clear citywide STR ordinance, pushing most STR activity into owner‑occupied Bed & Breakfast (R‑1) under a Home Occupation Permit or into commercial lodging in C‑1/C‑2/C‑M/C‑3, with occupancy/building/fire inspections and Planning Commission/Governing Body approvals. Zoning caps (B&B must remain incidental and secondary, small signage, restricted employees) and the need for P.U.D. or special permits for multi‑unit concepts add compliance burden. While technically legal, the restrictive pathways, layered approvals, and absence of a simple, low‑cost STR licensing regime create meaningful investor risk.
Local STR Agent
STR specialist · Colby, KS
Colby is a city in and the county seat of Thomas County, Kansas, United States. As of the 2020 census, the population of the city was 5,570.
