The story of this market
The typical home in ZIP 81611 sells for about $2,495,000, or $1,850 per square foot.
Prices are up +7.83% from a year ago, so sellers still have some momentum. Homes take about 124 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,597 a month.
ZIP 81611 — Aspen
The 81611 housing market remains a high-end buyer's market characterized by significant inventory and high price points. While demand for luxury properties persists, the market is seeing a stabilization in price growth compared to the rapid appreciation of previous years.
This ZIP is primarily for ultra-high-net-worth individuals seeking luxury second homes, as well as seasonal workers and service-industry professionals who navigate a challenging, high-cost housing environment.
Median prices moved up 7.8% year over year.
Homes spend a median of 124 days on market with 16.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 6.5% — 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 8.5%/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 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 81611, Pitkin County CO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Aspen generally experiences low violent crime rates compared to national averages, though property crime related to tourism and high-value assets remains a focus for local law enforcement.
The Aspen School District is highly regarded, consistently ranking among the top-performing public school systems in Colorado with strong academic outcomes and extensive extracurricular offerings.
The area faces significant wildfire risks due to its mountainous terrain and forest density, leading to stringent building codes and rising property insurance premiums.
Economic momentum is driven by the luxury tourism and hospitality sectors, with ongoing high-end residential development and infrastructure improvements focused on maintaining the area's exclusive resort status.
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 heavily reliant on private vehicles and the RFTA bus system, which provides essential transit for the workforce traveling from down-valley communities into the Aspen core.
The area is a world-class destination for skiing, hiking, and mountain biking, featuring immediate access to the Aspen Mountain and Snowmass ski areas, numerous alpine trails, and a vibrant downtown shopping and dining district.
The rental market is characterized by extremely low vacancy rates and high demand, driven by seasonal tourism and a limited supply of long-term housing for the local workforce.
The economy is anchored by the tourism, hospitality, and luxury real estate sectors, with major employers including the Aspen Skiing Company and various high-end retail and dining establishments.
Transportation is supported by the Roaring Fork Transportation Authority (RFTA), which manages extensive bus corridors connecting Aspen to surrounding mountain towns.
Development is strictly controlled by local planning commissions to preserve the aesthetic and environmental character of the mountain valley.
The Pitkin County Assessor's office conducts biennial reappraisals to determine market value for property tax purposes.
Parcels are subject to various special districts, including the Aspen School District, local fire protection districts, and water/sanitation utility districts.
Property insurance costs are elevated due to high wildfire risk and the extreme replacement value of luxury residential assets in the region.
Data retrieved from data.census.gov ZCTA 81611 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.
- Viceroy Snowmass4.48 mi
- Belly Up Aspen4.75.8 mi
- Mawa's Kitchen4.67.5 mi
- Home Team BBQ4.46.5 mi
- Maroon Bells Scenic Area4.94.2 mi
- John Denver Sanctuary4.86.1 mi
- Silver Queen Gondola4.85.7 mi
- Aspen Recreation Center4.55.4 mi
- Grottos Trail4.88.8 mi
- Aspen Art Museum4.25.9 mi
- Independence Ghost Town4.714 mi
- Ashcroft Ghost Town4.65.2 mi
- Maroon Bells Scenic Area4.94.2 mi
- John Denver Sanctuary4.86.1 mi
- Maroon Lake Trailhead4.84.2 mi
- Grottos Trail4.88.8 mi
- Herron Park4.76.1 mi
- City Market4.15.8 mi
- Snowmass Mall4.58.2 mi
- Clark's Market4.48.1 mi
- Clark's Market4.36.1 mi
- Aspen/Pitkin County Airport47.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
World-renowned ski area located directly in the heart of Aspen.
Central pedestrian-friendly area featuring luxury retail and dining.
Major community park offering sports fields and river access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median rent ($35,000) sat outside the 0.25–4× band around Pitkin County's retained level and was not stored.