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Best Mountain Towns for Airbnb: Top Airbnb Markets

Best Mountain Towns for Airbnb: Top Airbnb Markets

STR Search Team
By: STR Search Team
Published on:
2/1/2026
min read

Imagine owning a stunning mountain escape for skiing, hiking, and relaxing that pays for itself and generates significant passive income. This dream is becoming reality for savvy investors who have discovered the potential of short-term rentals (STRs) in high-demand mountain destinations, particularly in proven Colorado Airbnb markets that consistently rank among the best investment opportunities nationwide.

How do you distinguish a high-potential investment from a money pit? This isn't another listicle of pretty towns. It's a data-driven investment guide to identify markets with the highest potential for ROI in mountain town Airbnb properties, building on insights from the best Airbnb investment markets and proven opportunities among the best Colorado Airbnb locations.

In this analysis, we'll explore the key metrics for evaluating mountain STR markets, study the top-performing destinations including the best Colorado Airbnb locations and best mountain towns for Airbnb in North Carolina, and outline the process to find a property that aligns with your financial goals—whether you're drawn to alpine settings or prefer accessible coastal markets like New Jersey.

Why Mountain Towns Are a Goldmine for STR Investors

Since the pandemic boosted interest in domestic, nature-focused travel, mountain destinations have become some of the best Airbnb investment markets. The combination of scenery, outdoor recreation, and limited lodging supply creates a perfect storm for STR profitability.

  • Year-Round Demand: The best mountain towns offer true four-season appeal, unlike many vacation markets that rely on a single season. Winter brings skiers and snowboarders, summer attracts hikers and mountain bikers, fall delivers leaf-peepers, and spring offers budget travelers seeking shoulder season deals. This seasonal appeal translates to higher occupancy rates year-round.
  • Higher Revenue Potential: Mountain properties can command a premium Average Daily Rate (ADR) due to limited accommodation inventory and high-value experiences. Travelers pay more for unique mountain experiences than standard urban stays, creating optimal conditions for high ROI Airbnb investments.
  • Asset Appreciation: Beyond cash flow, properties in desirable mountain locations typically experience strong long-term appreciation. The dual benefit: immediate rental income plus equity growth, makes mountain town investments attractive for wealth-building strategies.

The STR Search Difference: Finding Profit, Not Just a Property

Before diving into specific towns, it's critical to understand the methodology behind identifying a profitable property. While many investors rely on gut feeling or surface-level research, the most successful STR investors approach acquisitions with scientific precision.

At STR Search, we've built our reputation on replacing guesswork with data-driven analysis. Our 100% success rate across over $90 million in real estate transactions speaks to our proven 4-step process leveraging advanced data analytics to identify prime investment opportunities. We analyze hyper-local market trends, property-specific potential, and complex regulatory landscapes to ensure our clients make confident, profitable investments.

This list showcases the data-driven lens we apply to mountain markets nationwide. This analysis provides valuable insights; each investor's financial goals and risk tolerance are unique. For a personalized analysis of a property, book a free, no-obligation live analysis session with our team.

Key Metrics for Evaluating Mountain Town Markets

To find the best mountain towns for Airbnb, you need to understand short-term rental data. Here are the core metrics our team at STR Search evaluates to determine a market's investment potential:

  • Average Daily Rate (ADR): This represents the average rental revenue per paid occupied day. In mountain markets, ADR fluctuates by season, with peak winter and summer commanding premium rates. A "good" ADR in mountain contexts typically ranges from $300-$800+ depending on property size, quality, and proximity to attractions. ADR impacts your top-line revenue potential.
  • Occupancy Rate: This percentage indicates how many days your property is rented versus available. Peak-season occupancy numbers can be misleading, so we focus on year-round performance. The strongest mountain markets maintain 60%+ annual occupancy, balancing seasonal highs with shoulder season performance. Strategic pricing often means lowering occupancy to maximize revenue.
  • Revenue Per Available Room (RevPAR): This metric multiplies ADR by Occupancy Rate, providing the clearest picture of a property's revenue potential. RevPAR combines rate and volume into a single number for accurate market and property comparisons. In mountain towns, we look for strong RevPAR across seasons.
  • Regulatory Environment: Even high-performing markets can be poor investments if local regulations are restrictive or uncertain. We evaluate current ordinances, pending legislation, and the overall political climate regarding STRs. At STR Search, we perform comprehensive due diligence on local regulations as a fundamental part of our investment analysis.

Best Mountain Towns for Airbnb Investment

Using the data-driven criteria, we've identified five compelling markets for STR investors right now. These include established powerhouses and up-and-coming contenders.

Sevierville/Pigeon Forge, Tennessee

The Sevierville/Pigeon Forge area, while not a traditional "ski town," represents the "adventure market" with its proximity to Great Smoky Mountains National Park, America's most visited national park, and attractions like Dollywood. This region has developed into a professionalized STR market with year-round appeal and cash flow potential.

Data Deep Dive:

  • Average Daily Rate (ADR): $350 
  • Occupancy Rate: 75% 
  • Average Annual Revenue (3-BR): $85,000 
  • Key Seasonality: Strong summer and fall; solid spring and holiday demand.
  • STR Search Market Grade: A+

The Investment Angle: The high visitor volume (over 14 million annually) creates unmatched demand for short-term rentals. The market offers diverse property types, from cozy one-bedroom cabins to large luxury lodges. A mature ecosystem of property managers, cleaners, and maintenance professionals makes this an ideal market for investors seeking reliable, high-volume cash flow without constant management.

Regulatory Snapshot: Sevier County has maintained STR-friendly policies, driving regional investment. The county government recognizes tourism’s economic impact and supports the STR industry. 

Whitefish, Montana

Whitefish exemplifies the premium, four-season mountain destination. This town offers authentic Montana experiences year-round, with world-class skiing at Whitefish Mountain Resort in winter and proximity to Glacier National Park in summer. The combination of natural beauty, upscale amenities, and limited supply creates exceptional investment conditions.

Data Deep Dive:

  • Average Daily Rate (ADR): $450
  • Occupancy Rate: 68% 
  • Average Annual Revenue (3-BR): $95,000
  • Key Seasonality: Dual peaks in Winter (ski) and Summer (Glacier NP)
  • STR Search Market Grade: A-

The Investment Angle: Whitefish's high barrier to entry, high property acquisition costs and limited inventory, creates a competitive advantage for investors securing properties in this market. The town attracts a high-income demographic willing to pay premium rates for quality accommodations. Recent airport expansions at Glacier Park International Airport have improved accessibility, positioning Whitefish as a top ski town for Airbnb and a premier summer destination.

Regulatory Snapshot: Whitefish maintains specific zoning designations for STRs within town limits, with more lenient policies in surrounding county areas. The town has implemented regulations that balance tourism needs with community preservation. 

North Conway, New Hampshire

North Conway is the gateway to the White Mountains and one of the East Coast's vibrant four-season mountain destinations. It offers investors access to a large drive-to market of outdoor enthusiasts, with 13 ski areas within a 30-minute drive and proximity to major cities like Boston (2.5 hours away).

Data Deep Dive:

  • Average Daily Rate (ADR): $325 
  • Occupancy Rate: 72%
  • Average Annual Revenue (3-BR): $78,000 
  • Key Seasonality: Strong winter (ski) and fall (foliage), with growing summer demand
  • STR Search Market Grade: B+

The Investment Angle: North Conway's strength lies in its accessibility to over 15 million people within a 3-hour drive. This market benefits from spontaneous weekend trips and last-minute bookings, unlike western ski destinations requiring air travel. The area features diverse properties, from historic village homes to mountainside chalets, with lower entry points than comparable western markets. The combination of skiing, hiking, tax-free shopping, and family attractions creates multi-season appeal.

Regulatory Snapshot: New Hampshire's "Live Free or Die" ethos extends to its permissive STR regulations. While specific rules vary by town, North Conway has maintained friendly policies toward short-term rentals.

Steamboat Springs, Colorado: The Authentic Western Ski Town

Steamboat Springs, known as "Ski Town USA," offers investors access to world-class skiing in a setting that retains authentic western charm rather than the ultra-luxury vibe of some Colorado competitors. With major investments from Alterra Mountain Company (including a new gondola and expanded terrain), Steamboat is positioning for growth while maintaining its character. 

Data Deep Dive:

  • Average Daily Rate (ADR): $525
  • Occupancy Rate: 65%
  • Average Annual Revenue (3-BR): $110,000
  • Key Seasonality: Strong winter with growing summer presence
  • STR Search Market Grade: A

The Investment Angle: Steamboat has a unique position in the competitive Colorado market. It is premium enough to command high rates but not as saturated or expensive as Vail or Aspen. The recent $200+ million in resort investments is extending the ski terrain and season length. Steamboat's champagne powder, natural hot springs, and summer events maintain year-round appeal. Property values have consistently appreciated alongside strong rental performance.

Regulatory Snapshot: Steamboat has implemented structured STR regulations that balance tourism and community housing needs. The city uses a permit system with different rules for various zones. Properties in resort areas face fewer restrictions than those in residential neighborhoods.

McCall, Idaho

McCall represents the perfect "emerging market" opportunity for forward-thinking investors. This town, located on Payette Lake with Brundage Mountain Resort nearby, offers excellent winter skiing and summer lake activities. With Idaho's strong population growth and increasing tourism, McCall is poised for significant appreciation.

Data Deep Dive:

  • Average Daily Rate (ADR): $375 
  • Occupancy Rate: 62%
  • Average Annual Revenue (3-BR): $82,000
  • Key Seasonality: Balanced winter and summer seasons
  • STR Search Market Grade: B+ (with strong growth potential)

The Investment Angle: McCall offers natural beauty, recreation options, and relative affordability compared to Colorado or Utah. The town is benefiting from Idaho's boom as people relocate from more expensive states. Entry points for quality properties are reasonable, while rental demand is growing. For investors seeking to get in before the peak, McCall represents a classic "path of progress" opportunity with strong fundamentals.

Regulatory Snapshot: McCall maintains straightforward STR regulations with a permit system. The city acknowledges tourism's economic importance while balancing community needs. Investors should monitor potential regulatory changes closely.

Spotting the Next Top Mountain Town

The highest returns come from identifying the next hot market early, while the towns above perform well. At STR Search, our analytics spot these indicators.

  • Look for Infrastructure Investment: Major capital improvements indicate a market's trajectory. Airport expansions (like Bozeman, MT), new high-speed lifts at ski resorts (like Palisades Tahoe), or significant highway improvements make destinations more accessible and attractive, boosting demand and rates.
  • Follow the "Path of Progress": As primary markets become saturated or overregulated, demand flows to nearby alternatives, the "spillover effect." For example, as Breckenridge properties became expensive, nearby towns like Fairplay and Alma saw significant STR growth. Identifying these feeder patterns early can lead to exceptional returns as the market matures.
  • Analyze Changing Traveler Behavior: Remote work has altered travel patterns. Mountain destinations investing in high-speed internet, co-working spaces, and longer-stay amenities are capturing the growing "workcation" segment. Properties accommodating this blend of work and leisure will command premium rates and higher occupancy.

Maximizing Your Mountain Town Investment

Step one is finding the right property. The real work begins where you maximize its performance. A strategic approach to operations can boost your returns. Professional photography showcasing seasonal activities, dynamic pricing strategies that adjust to local events and conditions, and assembling a reliable local team (cleaners, handymen, property managers) are critical for a successful STR business.

Mountain town real estate investing offers significant tax advantages for high W-2 earners. With proper structuring, STR investments can generate paper losses through depreciation to offset active income, reducing your tax burden while building equity in a performing asset. This combination of cash flow, appreciation, and tax benefits creates a powerful wealth-building vehicle.

Conclusion

Investing in a top mountain town for Airbnb can be a life-changing financial decision. Success is the result of meticulous, data-driven analysis that identifies true market opportunities. The difference between a mediocre and exceptional STR investment often comes down to granular details: the neighborhood, property features, pricing strategy, and regulatory compliance.

That's why we built STR Search. Our 100% success rate is based on proprietary data and a proven 4-step process to protect and grow our clients' capital. We handle the market analysis, property vetting, and regulatory checks, so you can invest with confidence.

John Bianchi
John Bianchi
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