Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
389 Aspen, CO 81611, USA apartments for sale
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$548,000
View PhotosCondominium, Other
725 East Main Street, Aspen, CO 81611, USA
Studio
1 Bath
350 Sq Ft
Aspen
According to statistics, the population in Aspen, CO amounts to 7,097, which shows growth 5% compared to the previous year. The median age of the city’s residents is 43. The average household income is $64,594, shifting decline -5% from the past year, and the average property value in Aspen, CO growth 17% to $563,900 throughout the year.
| Population | 7,097 |
| Median Age | 42.7 |
| Poverty Rate | 9% |
| Household Income | $64,594 |
| Number Of Employees | 4,574 |
| Median Property Value | $563,900 |
Household Income
The average household income in Aspen, CO declined from $67,776 to $64,594 in the past year. This data is an estimate based upon 3,199 households in Aspen, CO . The chart below presents how household income is distributed in Aspen, CO in comparison to the revenue allocation amid households nationally.
- USA
- Aspen, CO
Property Value
According to data from last year, the average property value in Aspen, CO shifted from $483,000 to $563,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Aspen, CO in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Aspen, CO properties falls in the '$2,000,000 or More' range, which is lower than the most significant median property across the country.
- USA
- Aspen, CO
Rent vs. Own
- Rent58%
- Own42%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Aspen, CO compared to median property taxes around the country. The prevalent amount of property taxes in Aspen, CO equals $3000, which is less than the national average.
- USA
- Aspen, CO
Housing Trends
Aspen, CO 81611, USA Housing Trends
Average sale in Aspen: $3,760,666 (-6.7%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $639,000 | -66.4% |
| 2 bed apartments | $230,000 | -90.3% |
| 3 bed apartments | $2,000,000 | -78.9% |
| 4+ bed apartments | $8,847,500 | N/A |
During May 2021, the average price for an apartment in/near Aspen, CO decreased by 6.7% to $3,760,666.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $639,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $230,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $2,000,000. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $8,847,500 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Apartments for sale | $1,900,000 | N/A |
| Condos for sale | $434,500 | -81.6% |
| Houses for sale | $5,423,750 | -42.9% |
While assessing the property pricing Aspen, CO, you can note that it remains flat with a price tag of $1,900,000. According to statistics, average house is still $5,423,750 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $434,500.
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