Westminster has licensed short-term rentals since January 2024 and doesn't require you to live in the home. It does hold every operator to one STR in the city, which changes who it works for.
Rates and occupancy: PriceLabs market data for 177 comparable four-bedroom listings in Westminster (occupancy across 4–6 bedroom homes), pulled October 24, 2026. Rates are current asking prices for the next 12 months, not booked rates. Occupancy covers October 2025 to September 2026.
Westminster's STR ordinance (Municipal Code Chapter 11-17) took effect January 1, 2024. Anyone offering lodging for under 30 days in a residential property needs a city STR license, plus a business and sales tax license, and has to remit the city's accommodations tax. The code asks for an owner of record, not an owner-occupant, so an investment home qualifies.
The rule that shapes the market is simple: no applicant may operate more than one STR in the city at a time. That keeps out portfolio operators and makes Westminster a fit for a buyer who wants one solid rental between Denver and Boulder, not five.
The license itself is cheap. The first application carries no registration fee and runs two years, and renewal is $200 plus a processing fee.
What the city asks for and where the limits sit.
Across 177 comparable four-bedroom listings, the middle half of asking rates for the next 12 months runs $296 to $408 a night. Five-bedroom homes (139 comps) ask $367 to $492. These are asking prices, not booked rates.
Occupancy across four- to six-bedroom homes averaged about 62% from October 2025 to September 2026, peaking at 78% in July and bottoming near 50% in January. The winter dip is mild for Colorado, because demand here is people visiting family, events and the Boulder corridor rather than ski weekends.
Because you only get one license, the house you pick carries the whole plan. I'd rather spend the time on that choice up front.
With one license per operator, there's no averaging out a weak property. These decide it.
Send me the address. I'll confirm the jurisdiction and license path and tell you what it should realistically book.
Covest LLC is a licensed Colorado real estate brokerage. This page is general information, not legal or tax advice, and rules change. Confirm current requirements with the City of Westminster before you buy.
One license, one house. Let's make sure it's the right one.