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Westminster, located north of Denver, is just west of I-25, the highway connecting Denver to Fort Collins and east of Highway 36 connecting Denver to Boulder. Easy access to the highway, yet well designed suburban neighborhoods, makes this an ideal place to live if you need to get everywhere easily!
Additionally, Westminster’s stable housing market and steady population growth create favorable conditions for property owners seeking a long-term investment with promising returns.
The city of Westminster does not currently have any explicit regulations or guidelines in place for short-term rentals. The city has been examining their policy since March 2022 and a draft of a new ordinance has been created and is set to go into effect in January 2024.
Check out FI Team agent Ian Jimeno’s overview of the proposed ordinance.
A perfect middle ground between the income potential of a short-term rental and the stability of a long-term rental. Mid-term rentals are furnished units that are rented to guests for 30+ days. People who seek out mid-term rentals are traveling nurses and professionals on temporary assignment or people displaced from their homes for a duration of time. It’s become a popular investment strategy because in many areas, like Westminster there is no rental license required. Use services like AirDNA to calculate what your potential rents could be.
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Year over year increase in MTR nights sold
No license required for rentals
The “rent by the room” investment strategy involves renting out individual rooms within a single property, such as a house or apartment, rather than leasing the entire unit to a single tenant. This approach has gained traction as it allows investors to maximize rental income by catering to multiple tenants simultaneously. Each tenant pays for their designated room and shares common areas like kitchens and living rooms. This is a popular strategy among house hackers who choose to rent out the rooms in the house they are living in.
Note: As of July 1, 2024 Governor Polis prohibited residential occupancy limits in Colorado through HB24-1007. This act eliminated previously held occupancy limits by counties and cities.
Average Basement Room Rent
Average Room Rent
Primary Room Rent
Long-term rentals are a smart strategy for a more hands-off approach and a buy and hold mindset. In an appreciating market, like Westminster, if the property’s rent can cover the mortgage, plus an additional 10% for vacancies and repairs, then you’re property is increasing in value the longer you hold it. Check out the latest rent estimates on Rent-O-Meter or Zillow to see what your property might get for rents.
81 schools
B- Avg. Rating
Learn more about the schools at Great Schools.org
Review the current crime rates for Westminster here: Community Crime Map
Downtown Denver – 21 mins
DIA – 38 mins
Summit County – 94 mins
Want more information on real estate investment opportunities in Westminster?
The FI Team is a group of real estate agents and consultants in Denver, CO. We specialize in helping real-estate investors work toward financial independence.