Basalt, CO—81621
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Basalt, CO
As of Oct '25, the median home price in Basalt, CO is $1,388,000, with a year-over-year change of 0.4%. This indicates that home prices in Basalt, CO are flat. According to Zillow, the 1-year price projection is 5.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,388,000 | 0.4% |
| Single Family | $1,651,000 | 0.5% |
| Condos | $879,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $685,000 | -2.4% |
2 Bed | $945,000 | -1.8% |
3 Bed | $1,675,000 | 0.7% |
4 Bed | $2,252,000 | 2.2% |
| 5 Bed | $3,183,000 | 3.0% |
% of Housing Stock
Rental Trends — Basalt, CO
As of July '25, Rentcast reports the average rent in Basalt, CO is $5,910, with a year-over-year rent change of -14.8%. Per bedroom, the median rent as of July '25 in Basalt, CO is 1-bedrooms: $3,970, 2-bedrooms: $5,840, 3-bedrooms: $7,230, 4-bedrooms: $8,200. The most common rental property sizes in Basalt, CO are 2-bedroom and 3-bedroom, accounting for 41.7% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,100 | $5,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,000 | $3,970 |
| 2 Bed Rent | $5,500 | $5,840 |
| 3 Bed Rent | $6,600 | $7,230 |
| 4 Bed Rent | $8,000 | $8,200 |
% of Rental Stock
Property Listings — Basalt, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Basalt, CO is 150. This is a increase of 52.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,650,000 | -12.0% |
Listing Count | 133 | 53.0% |
| Listings as % of Homes | 2.0% | 53.0% |
Days on Market | 150 | 52.0% |
Demographics — Basalt, CO
As of the latest ACS Survey released in 2023, Basalt, CO has a population of 6,350, which has increased by 7.1% over the past 5 years. Basalt, CO is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 59.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,350 | 7.1% |
% Under 18 | 19.1% | -8.6% |
% Seniors | 21.7% | 39.1% |
% WFH | 8.5% | -46.5% |
% w/ College Degree | 59.0% | 40.5% |
As of the latest ACS Survey released in 2023, Basalt, CO is a predominantly white area, with 77.4% of the population identifying as white. The white population has grown by 11.4% in the last 5 years. The second most common race or ethnicity in Basalt, CO is hispanic, making up 17.9% of the population. Foreign-born residents account for 10.2% of the population in Basalt, CO, and this percentage has decreased by 38.2% 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 | 77.4% | 11.4% |
% Black | 0.3% | -86.4% |
% Hispanic | 17.9% | -35.6% |
% Asian | 0.7% | ∞% |
% Foreign Born | 10.2% | -38.2% |
Mortgage and Risk — Basalt, CO
According to HUD data as of 2023, there were 111 mortgage originations in Basalt, CO, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 41.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Basalt, CO. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 16.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Basalt, CO
Basalt, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | -$1,100 | $3,000 | $1,900 |
| 2 Bedroom | -$3,120 | $5,500 | $2,380 |
| 3 Bedroom | -$3,690 | $6,600 | $2,910 |
| 4 Bedroom | -$4,680 | $8,000 | $3,320 |
Affordability — Basalt, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.9 |
| Median Home Price | $1,388,000 |
| Median Household Income | $104,000 |