The story of this market
The typical home in Crested Butte, Colorado sells for about $2,250,000, or $1,290 per square foot.
Prices are up +15.5% from a year ago, so sellers still have some momentum. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,000 a month.
Monthly price momentum
Home values since 2015
+0.4%
CO · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Crested Butte, Colorado
The Crested Butte housing market remains characterized by low inventory and high price points, with a 15.5% year-over-year increase in median sale prices. Market activity is driven by luxury demand and a persistent shortage of workforce housing, which the town is actively addressing through new deed-restricted developments. While the market is not highly competitive in terms of volume, the high barrier to entry maintains strong price appreciation.
No ARED county foreclosure postings attributed to Crested Butte yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.8% year over year.
Homes spend a median of 68 days on market with 10.7 months of supply — a slower-moving market.
16% of listings have cut prices · homes sell at 97.08% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.0% · poverty 3.2% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major anchor for the local economy, offering year-round recreation including skiing in winter and mountain biking in summer.
Provides vast wilderness access for hiking, camping, and fishing, serving as a primary draw for residents and tourists.
Crested Butte is primarily suited for affluent second-home buyers, outdoor enthusiasts, and a dedicated local workforce, with the market heavily skewed toward high-end luxury properties and specialized workforce housing.
The town is served by the Gunnison Watershed School District, which maintains local facilities and is generally regarded as providing high-quality educational opportunities for the small mountain community.
Transportation is primarily via private vehicle, with limited regional bus connectivity to Gunnison and the local airport.
Crested Butte is a premier destination for outdoor recreation, featuring world-class skiing at Crested Butte Mountain Resort, extensive mountain biking trails, and access to the surrounding Gunnison National Forest.
The rental market is extremely tight with high demand from seasonal workers and limited supply, leading the town to actively develop deed-restricted workforce housing projects.
The economy is heavily anchored by the tourism and hospitality sectors, with the Crested Butte Mountain Resort serving as the primary driver of employment and economic activity.
Economic momentum is driven by tourism and the outdoor recreation industry, with ongoing development focused on workforce housing to support the local labor pool.
Development is currently focused on public-private partnerships to increase the stock of deed-restricted workforce housing to mitigate local affordability challenges.
Parcels are subject to various special districts including the Gunnison Watershed School District and local utility service districts.
Crested Butte faces significant wildfire risk typical of high-altitude Colorado mountain towns, necessitating strict building codes and community-wide fire mitigation efforts.
Property insurance premiums are elevated due to the high wildfire risk and remote mountain location, impacting overall cost of ownership.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Data retrieved from US Census Bureau and MyTownView profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.