Meeting Housing Demand: The Need for Multifamily Developments in Tabernash

Tabernash is located northwest of Fraser and Winter Park, with all three towns having average home prices greater than $1,000,000, illustrating a significant need for denser multifamily developments or for-rent housing.

Exploring Grand County: The Gateway to Outdoor Adventure in Tabernash

Tabernash is in Grand County, the western gateway to Rocky Mountain National Park, home of Colorado’s deepest natural lake and a true abundance of legendary Colorado outdoor recreation, including world-class skiing at Winter Park, Gold Medal fly fishing on the Colorado River, and so much more. Grand County is home to the towns of Fraser, Granby, Grand Lake, Hot Sulphur Springs, Kremmling, and Winter Park, all of which are distinct destinations offering unique experiences.

Rent Growth Forecast: Front Range Buyers Impacting Tabernash Housing

Tabernash and Grand County are expected to see strong rent growth of four to five percent in the coming years. Strong growth in Tabernash, Fraser, and Winter Park is being driven by residents outside the primary market area, with front range buyers accounting for 61 percent of total home sales in 2021. As front range buyers continue to purchase secondary residences in Grand County, locals will be increasingly priced out of the market, necessitating more for-sale and for-rent housing.

Critical Housing Shortage: The Need for Multifamily Units in Growing Grand County

There are only 235 market-rate, multifamily units of varying age in Grand County, which spans over 1,800 miles and has a population of 15,769 that is expected to grow by over 23 percent in the next 25 years. As Grand County grows, additional housing will be desperately needed, and it’s 5-year historical average vacancy rate is already one of the lowest in the state at 2.25 percent, illustrating a critical need for additional housing.

Seasonal Ownership: Making the Case for Additional Vacation Homes & Rentals

An average of 58 percent of housing units in Tabernash, Fraser, and Winter Park are seasonal use housing units, highlighting the allure of the area and making the case for the delivery of additional vacation homes, and even vacation rentals, in the area, where buyers want proximity to Winter Park Ski Resort and legendary Grand County recreation. There is strong data supporting data supporting a condominium exit where individual investors could operate their units as short-term rentals to offset the cost of ownership.