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Telluride real estate market overview
- Average Monthly Rent: $1,409
- Home Price/Value Percentage Change: 4.30%
- Median Home Value: $1,000,768
- Best Time To Sell a Home: October
- Affordability Index: 154
- Days To Sell a House: 72
- Job Market: Fair
- Public School Ranking: 17
Location and weather
Telluride is a small mountain ski town, situated on the western side of the San Juan Mountains in Colorado. Originally a mining town, Telluride has become an internationally known skiing destination. Downtown is a National Historic Landmark District that hosts film and music festivals throughout the year. Bridal Veil Falls, the highest cascade in Colorado, lies close to the city center as well.
Telluride winters are long, while the summers are cool. Summer temperatures are in the 60's, with lows in the 40's. The winter temperatures are below 34 degrees, with lows reaching under 10 degrees.
Population, job market and cost of living
The population of Telluride in 2019 was 2,484, with a growth rate of 1.55%.
The job growth has increased by 1.85% and in ten years, is predicted to have increased by 43.8%. The largest industries are in accommodation and food service, retail trade, and construction. The major employers include the Telluride Ski Resort, the Telluride School District and InvitedHome (vacation rentals).
In Telluride, because of the shortage of housing, housing programs are diverse. The options range from dorm-style rentals and tiny homes, to stand-alone, single-family homes and four-bedroom apartments. The cost of living is high at this luxury winter skiing resort, due to Telluride's real estate market. As a sought-after skiing destination, with a historic downtown, good job growth and beautiful summers, Telluride will continue to attract those that want the sporty lifestyle it offers.
Telluride real estate market details
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