The story of this market
The typical home in ZIP 81225 sells for about $691,981, or $744 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,129 a month.
ZIP 81225 — Crested Butte
The 81225 housing market remains stable with high demand for limited inventory, keeping prices elevated. Growth is constrained by geography and strict local planning, which supports long-term value but limits transaction volume. Market sentiment is cautiously optimistic as the area continues to attract high-income remote workers and seasonal residents.
This ZIP is ideal for outdoor enthusiasts, second-home buyers, and remote workers who prioritize lifestyle amenities over proximity to major urban employment centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 112 days on market with 6.9 months of supply — a slower-moving market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 8.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 81225, Gunnison County CO
Crime rates in Crested Butte are generally low, with the area experiencing significantly lower violent and property crime rates compared to the national average.
Schools serving the 81225 area are part of the Gunnison Watershed School District, which is generally well-regarded for its small class sizes and outdoor-focused curriculum.
The area faces significant wildfire risks common to high-altitude mountain towns, and property insurance premiums are elevated due to these environmental factors.
Economic momentum is driven primarily by the tourism and outdoor recreation sectors, with limited large-scale industrial development due to geographic constraints.
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.
Commuting is primarily local within the Crested Butte valley; regional travel to Gunnison requires a drive of approximately 30-40 minutes via Highway 135.
The area is a premier destination for skiing, mountain biking, and hiking, with immediate access to the Crested Butte Mountain Resort and extensive wilderness trail networks.
The rental market is characterized by high demand and low vacancy rates, heavily influenced by seasonal tourism and a significant presence of short-term vacation rentals.
The economy is heavily reliant on tourism, hospitality, and seasonal recreation services, with a growing segment of remote-working professionals.
Public transit is provided by the Mountain Express, offering free shuttle services within the town and to the ski resort.
Development is constrained by surrounding public lands, focusing primarily on infill projects and workforce housing initiatives.
Gunnison County Assessor conducts biennial reappraisals based on market sales data.
Parcels are subject to Gunnison Watershed School District and local fire protection district levies.
High wildfire risk necessitates specialized insurance coverage, often leading to higher premiums for residential properties.
Colorado continues to see net positive domestic migration, though growth in mountain resort towns is limited by housing supply.
Colorado is a public trustee state, utilizing a non-judicial foreclosure process for deeds of trust.
Sellers are required to provide a standard Seller's Property Disclosure form covering known material defects.
Data retrieved from Census Reporter and ZipCodeDex profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
World-class skiing and summer mountain biking destination.
Famous for its expansive aspen groves and hiking trails.
Features preserved Victorian-era architecture and local boutiques.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.