Market Overview
Home Prices in Crested Butte, CO
The median home value in Crested Butte, CO is $1,499,006 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Crested Butte are priced266% above average.
Over the past five years, Crested Butte home values have risen by approximately37.8%, reflecting strong long-term appreciation in this market.
Price History
Crested Butte Home Price Trend
City Comparison
Crested Butte vs. National Median
At $1,499,006, homes in Crested Butte cost 266% above the national median of $410,000. Buyers in Crested Butte should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Crested Butte?
20% Down Payment
$299,801
on $1,499,006
Monthly P&I
$7,818/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,929/mo
incl. taxes & insurance
Income Needed
$397,160
gross annual (30% rule)
10% Down Option
$149,901
+ PMI applies
Loan Amount (20% dn)
$1,199,205
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 Crested Butte, CO?
The median home value in Crested Butte is $1,499,006 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Crested Butte?
Over the past year, home values in Crested Butte have increased by 5.4%. Over five years, prices have risen approximately 37.8%.
How much do I need to earn to buy a home in Crested Butte?
To comfortably afford the median home price of $1,499,006 with a 20% down payment ($299,801) at today's rates (6.8%), you'd need a gross annual income of approximately $397,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Crested Butte compare to the national average home price?
The national median home value is approximately $410,000. At $1,499,006, homes in Crested Butte are 266% above the national average.