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Crested Butte town, CO

ZIP 81224 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 81224

Median Home Value
$862,100
Median Rent
$1,382
Affordability Snapshot
$237,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,538/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

52.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 81224 in Crested Butte town, CO, a household would need roughly $237,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,538. That is about 143% above the local median household income ($97,535), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 30% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.6%+13% vs US avg
x
Vacancy Rate
29.9%+190% vs US avg
x
Broadband Access
94.2%+8% vs US avg
x
4+ Bedrooms
9.5%-36% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
21.8%-56% vs US avg
x
Mortgage-Free
30.7%-20% vs US avg
x
$862,100
Home Value
$1,382
Rent
1992
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.8%
  • 1-unit attached8.4%
  • 2-9 units20.9%
  • 10+ units2.2%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$862,100
Median rent$1,382
Owner-occupied73.6%
Vacant29.9%
Price-to-income8.8x
Est. income to buy$237,000