Steamboat Springs, CO—80487
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Steamboat Springs, CO
As of Oct '25, the median home price in Steamboat Springs, CO is $1,272,000, with a year-over-year change of 1.2%. This indicates that home prices in Steamboat Springs, CO are increasing. According to Zillow, the 1-year price projection is 4.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,272,000 | 1.2% |
| Single Family | $1,650,000 | 2.4% |
| Condos | $859,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $538,000 | -3.4% |
2 Bed | $858,000 | -0.3% |
3 Bed | $1,373,000 | 1.6% |
4 Bed | $2,159,000 | 3.4% |
| 5 Bed | $3,405,000 | 4.8% |
% of Housing Stock
Rental Trends — Steamboat Springs, CO
As of July '25, Rentcast reports the average rent in Steamboat Springs, CO is $3,570, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Steamboat Springs, CO is studios: $1,730, 1-bedrooms: $3,000, 2-bedrooms: $3,990, 3-bedrooms: $3,630, 4-bedrooms: $6,650. The most common rental property sizes in Steamboat Springs, CO are 2-bedroom and 1-bedroom, accounting for 40.9% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,570 |
| Studio Rent | $1,750 | $1,730 |
| 1 Bed Rent | $2,400 | $3,000 |
| 2 Bed Rent | $3,850 | $3,990 |
| 3 Bed Rent | $3,200 | $3,630 |
| 4 Bed Rent | $6,300 | $6,650 |
% of Rental Stock
Property Listings — Steamboat Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Steamboat Springs, CO is 110. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,440,000 | -21.0% |
Listing Count | 383 | 53.0% |
| Listings as % of Homes | 1.2% | 53.0% |
Days on Market | 110 | 17.0% |
Demographics — Steamboat Springs, CO
As of the latest ACS Survey released in 2023, Steamboat Springs, CO has a population of 18,400, which has increased by 2.1% over the past 5 years. Steamboat Springs, CO is a moderately popular place for families, as children make up 17.1% of the population. The area has a highly educated workforce, with 56.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | 2.1% |
% Under 18 | 17.1% | -2.8% |
% Seniors | 18.6% | 32.9% |
% WFH | 20.4% | 94.3% |
% w/ College Degree | 56.7% | 0.9% |
As of the latest ACS Survey released in 2023, Steamboat Springs, CO is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Steamboat Springs, CO is hispanic, making up 8.9% of the population. Foreign-born residents account for 6.9% of the population in Steamboat Springs, CO, and this percentage has decreased by 5.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.3% | -11.0% |
% Black | 0.1% | -88.9% |
% Hispanic | 8.9% | 32.8% |
% Asian | 0.9% | -30.8% |
% Foreign Born | 6.9% | -5.5% |
Mortgage and Risk — Steamboat Springs, CO
According to HUD data as of 2023, there were 447 mortgage originations in Steamboat Springs, CO, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Steamboat Springs, CO. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 447 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 8.0% |
% Second Loans | 29.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Steamboat Springs, CO
Steamboat Springs, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$660 | $2,400 | $1,740 |
| 2 Bedroom | -$1,820 | $3,850 | $2,030 |
| 3 Bedroom | -$750 | $3,200 | $2,450 |
| 4 Bedroom | -$3,050 | $6,300 | $3,250 |
Affordability — Steamboat Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.6 |
| Median Home Price | $1,272,000 |
| Median Household Income | $107,000 |