Aspen, CO—81611
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Aspen, CO
As of Oct '25, the median home price in Aspen, CO is $3,321,000, with a year-over-year change of -0.0%. This indicates that home prices in Aspen, CO are flat. According to Zillow, the 1-year price projection is 5.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $3,321,000 | -0.0% |
| Single Family | $9,634,000 | 5.0% |
| Condos | $1,549,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $794,000 | -4.0% |
2 Bed | $2,084,000 | 0.4% |
3 Bed | $3,571,000 | 2.0% |
4 Bed | $10,164,000 | 5.8% |
| 5 Bed | $19,934,000 | 7.3% |
% of Housing Stock
Rental Trends — Aspen, CO
As of July '25, Rentcast reports the average rent in Aspen, CO is $7,270, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Aspen, CO is studios: $4,900, 1-bedrooms: $7,340, 2-bedrooms: $7,740, 3-bedrooms: $7,760, 4-bedrooms: $7,380. The most common rental property sizes in Aspen, CO are 1-bedroom and 2-bedroom, accounting for 40.5% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $7,500 | $7,270 |
| Studio Rent | $4,500 | $4,900 |
| 1 Bed Rent | $7,500 | $7,340 |
| 2 Bed Rent | $7,500 | $7,740 |
| 3 Bed Rent | $8,500 | $7,760 |
| 4 Bed Rent | $6,000 | $7,380 |
% of Rental Stock
Property Listings — Aspen, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Aspen, CO is 128. This is a increase of 2.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,500,000 | 13.0% |
Listing Count | 282 | 6.0% |
| Listings as % of Homes | 2.8% | 6.0% |
Days on Market | 128 | 2.0% |
Demographics — Aspen, CO
As of the latest ACS Survey released in 2023, Aspen, CO has a population of 9,230, which has decreased by -13.3% over the past 5 years. Aspen, CO is a less popular place for families, as children make up 12.7% of the population. The area has a highly educated workforce, with 68.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,230 | -13.3% |
% Under 18 | 12.7% | -17.0% |
% Seniors | 16.2% | -10.5% |
% WFH | 19.1% | 17.9% |
% w/ College Degree | 68.2% | 2.9% |
As of the latest ACS Survey released in 2023, Aspen, CO is a predominantly white area, with 80.6% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Aspen, CO is hispanic, making up 10.1% of the population. Foreign-born residents account for 14.6% of the population in Aspen, CO, and this percentage has increased by 9.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.6% | -6.8% |
% Black | 0.9% | -52.6% |
% Hispanic | 10.1% | 29.5% |
% Asian | 3.8% | 52.0% |
% Foreign Born | 14.6% | 9.8% |
Mortgage and Risk — Aspen, CO
According to HUD data as of 2023, there were 236 mortgage originations in Aspen, CO, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Aspen, CO. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 236 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 31.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Aspen, CO
Aspen, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$5,480 | $7,500 | $2,020 |
| 2 Bedroom | -$5,260 | $7,500 | $2,240 |
| 3 Bedroom | -$5,640 | $8,500 | $2,860 |
| 4 Bedroom | -$2,420 | $6,000 | $3,580 |
Affordability — Aspen, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 32.5 |
| Median Home Price | $3,321,000 |
| Median Household Income | $95,700 |