Market Overview
Location and Weather
Aspen is a scenic Colorado city, known for its winter skiing and upscale residents. In west-central Colorado, Aspen is on the Roaring Fork River at the eastern edge of the White River National Forest. Peaks of the Rocky Mountains also reside nearby, including Capitol, Creek, Snowmass, and Maroon peak. Summers are busy in Aspen, as it is known to host a degree of cultural activities, such as The Aspen Music Festival.
Aspen is known for its snowy winters and dry, mild summers. Summer temperatures are in the 60’s, with lows in the 40’s. Winter temperatures are in the 30’s, with lows in the single digits.
Population, Job Market and Cost of Living
The population of Aspen in 2019 was 7,365, with a growth rate of -.01%. The job growth has increased by 1.72% and in ten years, is predicted to have increased by 35.03%. The largest industries are in accommodation and food services, retail trade, and real estate, including renting and leasing.
Considering Aspen is a tourist destination, it’s no surprise that the largest employers include Hotel Jerome, Aspen Snowmass and The Aspen. The cost of living is very high, due to the Aspen real estate market and limited housing.
As known for its world-class skiing, scenic location, and hospitality job opportunities, Aspen will continue to attract those who want to live in a unique mountainous city.
Real estate market data in Aspen
Average Monthly Rent:
$1,788
Percentage Change in Home Price/Value:
2.70%
Median Home Value:
$1,786,530
Best Time To Sell Home:
July
Affordability Index:
146
Days To Sell House:
72.667
Job Market:
Fair
Public School Ranking:
17
