The Market
Why Durango is One of the World's Premier STR Markets
Durango is the town the railroad built and the railroad still runs. The Denver & Rio Grande founded it in 1880 to serve the San Juan mines, finished the Silverton branch in 1882, and the coal-fired, narrow-gauge Durango & Silverton has hauled passengers up the Animas canyon ever since — a National Historic Landmark that doubles as the town's demand engine, from packed summer departures to the Polar Express selling out November through New Year's. Around the train sits a genuine four-season mountain town: Mesa Verde's cliff dwellings forty minutes west, Purgatory's ski runs twenty-five minutes north, the Animas River running through downtown, and a Victorian Main Avenue anchored by the 1887 Strater Hotel. The rental rules are a tale of two jurisdictions. Inside city limits, a vacation rental needs a Limited Use Permit under the Land Use and Development Code, and the established residential neighborhoods are capped — a few dozen permits citywide in those zones, with waitlists — while unincorporated La Plata County runs its own land-use approvals by zoning district. The taxes are real, too: Durango's lodgers' tax more than doubled to 5.25% after a 2021 vote, stacking with sales taxes to nearly 15% inside the city. It amounts to a market where the permitted property is a scarce asset in a town whose calendar — train, ski, college, national park — never really stops.
Durango runs the classic mountain-town twin peak with a rail schedule underneath. Summer is the big season — train departures, Mesa Verde traffic, rafting and tubing on the Animas, mountain biking out every trailhead — with July the strongest month of the year. Winter is the second act: Purgatory's season pulls families December through March, Snowdown fills the dead of winter with a costumed town-wide festival, and the Polar Express runs the train through the holidays. Shoulder honesty: April is the trough, and late fall between leaf season and the holiday trains is quiet. Blended nightly rates run around $360 with occupancy in the mid-40s across a listing pool of well over a thousand — but the averages blur a split market: capped, permitted in-town vacation rentals near Main Avenue trade at a premium their scarcity earns, while the county's cabins and rural homes compete on character and price. Fort Lewis College adds graduation and parents' weekends, and the 30-day-plus trade — traveling medical staff, seasonal workers, semester stays — gives the quiet months a floor most resort towns lack.
Top Attractions & Landmarks
- Durango & Silverton Narrow Gauge Railroad
- Mesa Verde National Park
- Purgatory Resort
- Historic Main Avenue and the Strater Hotel
- Animas River Trail
- Durango Hot Springs Resort + Spa
- Million Dollar Highway to Silverton
Nearby Markets: Telluride | Moab | Santa Fe