Pitkin County, Colorado Housing Market Prices
Pitkin County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 45% above the Colorado median More expensive than 87% of counties in Colorado$699,652
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Median rent 14% above the Colorado median Among the 5 most expensive counties in Colorado$2,004
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pitkin County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $699,652 | $484,034 | $248,835 |
| Price Trend (Annual %) | -8.8% | 10.4% | 7.5% |
| Median Gross Rent | $2,004 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pitkin County is about 45% higher than in Colorado. Rent is about 14% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Pitkin County: home prices fell about 8.8% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
Median rent in Pitkin County rose about 56.8% between 2015 and 2024, from $1,278 to $2,004. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Pitkin County.
Buying the median-priced home in Pitkin County costs roughly 29.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pitkin County. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Pitkin County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $699,652 | $484,034 | $248,835 |
| Median Household Income | $100,712 | $95,803 | $80,455 |
| Price-to-Income Ratio | 6.9 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pitkin County fell about 66.7%, while median household income rose about 55.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pitkin County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.2% | 60.7% | 58.5% |
| Rental Rate | 25.5% | 31.0% | 31.2% |
| Vacancy Rate | 31.3% | 8.3% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Pitkin County has a homeownership rate of 43.2%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 31.3%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Pitkin County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.83 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1987 | 1985 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Pitkin County was built around 1987. On average, 1.8 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Pitkin County, CO Housing Compared With Nearby Counties
How Pitkin County, CO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pitkin County, CO | 16,985 | $699,652 #3/3 | $2,004 #2/3 | 62.8% #3/3 |
| Eagle County, CO | 55,135 | $1,803,212 | $2,019 | 65.9% |
| Summit County, CO | 31,017 | $721,081 | $1,927 | 72.1% |
Frequently Asked Questions
Common questions about the housing market in Pitkin County, Colorado.
What is the median home price in Pitkin County, Colorado?
The median home price in Pitkin County, Colorado is $699,652, higher than the Colorado average of $484,034.
What is the average home price in Pitkin County, Colorado?
The typical home price in Pitkin County, Colorado, reported as the median sale price, is $699,652. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Pitkin County, Colorado?
The median gross rent in Pitkin County, Colorado is $2,004 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Pitkin County in 2020?
In 2020, the median gross rent in Pitkin County, Colorado was $1,598 per month.
What is the price-to-rent ratio in Pitkin County, Colorado?
The price-to-rent ratio in Pitkin County, Colorado is about 29.1, meaning it would take roughly 29.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pitkin County.
Are home prices or rent rising faster in Pitkin County, Colorado?
Home prices and rent are moving in opposite directions in Pitkin County: home prices fell about 8.8% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Pitkin County, Colorado?
43.2% of households in Pitkin County, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Pitkin County, Colorado?
The housing vacancy rate in Pitkin County, Colorado is 31.3%, higher than the Colorado average of 8.3%.
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