Market Overview
Home Prices in Basalt, CO
The median home value in Basalt, CO is $1,458,004 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Basalt are priced256% above average. Basalt is part of the Edwards, CO metro area.
Over the past five years, Basalt home values have risen by approximately50.4%, reflecting strong long-term appreciation in this market.
Price History
Basalt Home Price Trend
City Comparison
Basalt vs. National Median
At $1,458,004, homes in Basalt cost 256% above the national median of $410,000. Buyers in Basalt should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Basalt?
20% Down Payment
$291,601
on $1,458,004
Monthly P&I
$7,604/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,657/mo
incl. taxes & insurance
Income Needed
$386,280
gross annual (30% rule)
10% Down Option
$145,800
+ PMI applies
Loan Amount (20% dn)
$1,166,403
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 Basalt, CO?
The median home value in Basalt is $1,458,004 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6% year-over-year.
How much have home prices changed in Basalt?
Over the past year, home values in Basalt have increased by 6%. Over five years, prices have risen approximately 50.4%.
How much do I need to earn to buy a home in Basalt?
To comfortably afford the median home price of $1,458,004 with a 20% down payment ($291,601) at today's rates (6.8%), you'd need a gross annual income of approximately $386,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Basalt compare to the national average home price?
The national median home value is approximately $410,000. At $1,458,004, homes in Basalt are 256% above the national average.
What metro area is Basalt part of?
Basalt is part of the Edwards, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.