The typical owner-occupied home in Aspen is worth about $819,900, 52% above the Colorado median of $539,400 and 2.5 times the national median of $332,700. Owners pay a median $3,870 a year in property taxes, about 0.47% of their home's value, close to the Colorado rate of 0.48%. The median household earns $74,033 a year, so the median home costs 11.1 times the median income (5.6 times for Colorado). 57% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Aspen at a glance
| Aspen | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $819,900 | $539,400 | $332,700 |
| Median property tax paid per year | $3,870 | $2,602 | $3,119 |
| Property tax as a share of value | 0.47% | 0.48% | 0.94% |
| Median household income | $74,033 | $95,470 | $80,734 |
| Homes lived in by their owners | 57% | 66% | 65% |
| Owner homes with a mortgage | 50% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,717 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 25.8% | 22.1% | 21.0% |
| Median rent | $2,081 | $1,761 | $1,413 |
| Rent as a share of renters' income | 42.6% | 31.4% | 30.6% |
| Median year homes were built | 1986 | 1988 | 1980 |
| Vacant homes | 33.3% | 8.3% | 10.1% |
| Population | 6,756 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Aspen
At this week's average 30-year rate of 7.11%, buying the median Aspen home of $819,900 with 20% down costs about $5,075 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,573, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $217,507 for the 20%-down payment. That payment is 82% of the median Aspen household income of $74,033; at that income and 20% down, the 28% guideline points to a home of about $279,000.
The median rent here is $2,081 a month, so owning the median home costs about $2,994 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $163,980 |
|---|---|
| Loan amount | $655,920 |
| Principal and interest | $4,412 |
| Property taxes (0.47% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $342 |
| PMI | $0 |
| Total per month | $5,075 |
Change the numbers in the calculator
| Down payment | $28,696 |
|---|---|
| Loan amount | $805,050 |
| Principal and interest | $5,416 |
| Property taxes (0.47% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $342 |
| FHA mortgage insurance | $494 |
| Total per month | $6,573 |
Change the numbers in the calculator
Questions about home buying in Aspen
What is the median home value in Aspen?
About $819,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Aspen?
Homeowners pay a median $3,870 a year, which is about 0.47% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Aspen?
For the median home with 20% down at 7.11%, the payment is about $5,075 a month. Keeping that under 28% of gross income takes about $217,507 a year.
More about Aspen
- Mortgage Refinance in Aspen
- Debt Relief in Aspen
- Home Equity Loans in Aspen
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data