Aspen, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Aspen Neighborhoods Since 2000




Aspen, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aspen Housing Market Information

With a population of 6,882, 3,269 total housing units (homes and apartments), and a median house value of $683,149, Aspen house prices are not only among the most expensive in Colorado, Aspen real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Aspen, accounting for 49.25% of the city's housing units. Other types of housing that are prevalent in Aspen include single-family detached homes ( 25.72%), row houses and other attached homes ( 11.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.17%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Aspen primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Aspen has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Aspen built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Aspen built between 1940-1969 ( 18.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.77%). There's also some housing in Aspen built before 1939 ( 5.27%).

A decent proportion of the Aspen housing stock is seasonally occupied. That is, homes and condos in Aspen are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Aspen housing market speaks to its popularity as a vacation location of choice.

Aspen Home Appreciation Rates

Aspen's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Aspen during the period has been just -1.39%, which is lower than 80% of US communities.

Over the last year, Aspen appreciation rates have trailed the rest of the nation. In the last twelve months, Aspen's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aspen were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Colorado, our data show that Aspen's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$683,149

Aspen, CO HOME PRICES

Value Range
> $1,049,000 37.7
$787,001 - $1,049,000 3.9
$524,001 - $787,000 7.9
$420,001 - $524,000 1.6
$315,001 - $420,000 5.2
$210,001 - $315,000 11.9
$105,001 - $210,000 26.8
$53,001 - $105,000 1.6
$0 - $53,000 3.5

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
2.83604828313606 6.11353711790393

Number Of Homes And Apartments:
3,269

Aspen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
10.10% 0.56% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,736 / per month

Homeownership Rate

Homeownership
Owners 61.35
Renters 38.65
Vacant 45.16

Housing Market Details

 

Age of Homes

AGE OF Aspen HOMES
2000 or Newer 17.8
1970 - 1999 58.5
1940 - 1969 18.5
1939 or Older 5.3

Types of Homes

TYPE OF Aspen HOMES
Single-Family 25.7
Townhomes 11.9
Small Apt. Buildings 11.2
Apt. Complexes 49.3
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Aspen HOMES
No Bedroom 9.73
1 Bedroom 17.60
2 Bedrooms 31.32
3 Bedrooms 20.62
4 Bedrooms 15.20
5 or more bedrooms 5.54

Popular Communities Near Aspen, CO

Zip Codes in Aspen, CO