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Aspen Real Estate

Demographic • Aspen

As a general rule for the Roaring Fork Valley, the closer to Aspen, the higher the price.

From inauspicious beginnings in 1879, this pristine mountain-locked town developed slowly, thanks to its remote location, to become one of the world's top silver producers. By the time the silver market crashed fourteen years later, it had acquired tasteful residential palaces, grand hotels and an opera house. In the 1930s, when the population slumped below seven hundred, it was, ironically, the anti-poverty WPA program that gave the struggling community the cash to build its first crude ski lift in 1936. (continued below...)

Entrepreneurs seized the opportunity presented by the varied terrain and plentiful snow, and the first chairlift was dedicated on Aspen Mountain (now known as Ajax) in 1947. Skiing has since spread to three more mountains – Aspen Highlands, Snowmass and Buttermilk Mountain, and the jet set arrived in force during the 1960s. Development is a burning political issue: tight architectural constraints have been placed on businesses (McDonald's is forbidden to have a neon sign), but the last decade has seen yet more Scandinavian-style lodges, condo blocks and giant houses that remain empty for most of the year.

Known to many as the playground to millionaires, billionaires, and movie stars, Aspen is also a community rich in history and culture. Not only is it one of the best skiing resorts in the world, but it is a year round resort for the outdoor enthusiast. Additionally, it abounds with cultural activities such as The Aspen Music Festival, The Aspen Wine and Food Festival, The Jazz Festival as well as an abundance of top name performer concerts. On top of being one of the best destination resorts in the world, Aspen is a wonderful community to live and raise a family. Certainly, the real estate prices are not close to the national average home price, but then again, Aspen is not an average city. Whether you are looking for a primary residence or a second home, if you’ve got the price of admission, there are few places better than Aspen for a Colorado mountain property. Aspen real estate is known for its appreciation over the past twenty years.

Elevation: 7,908 feet, 11,212 top of Aspen Mountain

Population in 2014: 6,805 (97% urban, 3% rural). Population change since 2000: +15.1%
 
Males: 3,473   (51.0%)
Females: 3,332   (49.0%)
Median resident age:   44.2 years
Colorado median age:   36.4 years

Zip codes: 81611.

Estimated median household income in 2013: $72,336 (it was $53,750 in 2000)
Aspen:

 

$72,336
CO:

 

$58,823

Estimated per capita income in 2013: $58,703 (it was $40,680 in 2000)

Aspen city income, earnings, and wages data

Estimated median house or condo value in 2013: $486,295 (it was $535,000 in 2000)
Aspen:

 

$486,295
CO:

 

$240,500

Mean prices in 2013: All housing units: over $1,000,000; Detached houses: over $1,000,000; Townhouses or other attached units: over $1,000,000; In 2-unit structures: $647,668; In 3-to-4-unit structures: over $1,000,000; In 5-or-more-unit structures: $549,164; Mobile homes: $314,092


 


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Roaring Fork Realty
1370 Main Street
Roaring Fork Valley, CO 81623 
(800) 963 7172 Toll-Free
(970) 963 7072 Fax
info@roaringforkrealty.com