The housing market in Crested Butte, CO is booming. The median value of homes in the area currently stands at $1,273,300, which is significantly higher than the US median house value of $338,100. This difference reflects both a larger demand and a higher appreciation rate for homes in the area. Over the past year, the US housing market appreciated by 8.27%, but Crested Butte, CO saw an even higher appreciation rate of 11.01%. This indicates that property values are increasing rapidly and may be a great investment opportunity for those looking to purchase real estate.
The median home cost in Crested Butte is $1,273,300. Home appreciation the last 10 years has been 139.3%. Home Appreciation in Crested Butte is up 20.5%.
Average Age of Homes
- The median age of Crested Butte real estate is 36 years old
The Rental Market in Crested Butte
- Renters make up 31.5% of the Crested Butte population
- 8.5% of houses and apartments in Crested Butte, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.