Market Overview
Home Prices in Aspen, CO
The median home value in Aspen, CO is $3,450,207 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.7% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Aspen are priced742% above average. Aspen is part of the Glenwood Springs, CO metro area.
Over the past five years, Aspen home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Aspen Home Price Trend
City Comparison
Aspen vs. National Median
At $3,450,207, homes in Aspen cost 742% above the national median of $410,000. Buyers in Aspen should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Aspen?
20% Down Payment
$690,041
on $3,450,207
Monthly P&I
$17,994/mo
30-yr @ 6.8%
Total Monthly Est.
~$22,852/mo
incl. taxes & insurance
Income Needed
$914,080
gross annual (30% rule)
10% Down Option
$345,021
+ PMI applies
Loan Amount (20% dn)
$2,760,166
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Aspen, CO?
The median home value in Aspen is $3,450,207 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.7% year-over-year.
How much have home prices changed in Aspen?
Over the past year, home values in Aspen have increased by 6.7%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Aspen?
To comfortably afford the median home price of $3,450,207 with a 20% down payment ($690,041) at today's rates (6.8%), you'd need a gross annual income of approximately $914,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Aspen compare to the national average home price?
The national median home value is approximately $410,000. At $3,450,207, homes in Aspen are 742% above the national average.
What metro area is Aspen part of?
Aspen is part of the Glenwood Springs, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.