Cafes and restaurants fill the downtown area, along with eight parks. A walking path encircles the town hall and runs along Frontage Road. Golfers can enjoy the fairways and the restaurant at the Gypsum Creek Golf Course, along with other golf courses in nearby towns, while the lake resort north of town is popular for fishing, camping and horse rides.

Other recreational opportunities are available at Sylvan Lake State Park, about 40 miles southeast of Gypsum. In the summer, Sylvan Lake is an ideal spot for fishing, boating, hiking and picnicking. National forest lands adjacent to the lake allow for longer excursions to scenic mountain lakes. Big-game hunting and wildlife watching takes over town as the aspens turn to waving hills of gold each fall. In the winter, ice fishing, snowmobiling, cross-country skiing and snowshoeing are popular pursuits.

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