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Basalt Real Estate

Demographics • Basalt

Only about twenty miles down the Roaring Fork River from Aspen, Basalt is where real estate prices begin to come into reach for those of the population that are not necessarily in the top five percent of earnings and wealth. Basalt is a quaint mountain community located at the confluence the Fryingpan and the Roaring Fork Rivers. Both rivers are Gold Medal trout fishing rivers. Basalt began as a railroad town and was, in fact, named Aspen Junction until 1895. The current name of Basalt was taken from the Basaltic rock formation now known as Basalt Mountain situated to the north of the town. Basalt has experienced dramatic growth over the past ten years as the billionaires have pushed the millionaires ‘down valley'. Basalt has a small town feel and the residents take pride in their community. Basalt has unique shops, galleries and restaurants.

Basalt real estate has become a valued commodity over the past ten years. With its close proximity to Aspen and Snowmass, many people have rushed in to take part in the ever increasing appreciation.

Elevation: 6,624 feet

Population in 2014: 3,919 (94% urban, 6% rural). Population change since 2000: +46.2%
Males: 2,149   (54.8%)
Females: 1,770   (45.2%)
Median resident age:   47.1 years
Colorado median age:   36.4 years

Zip codes: 81621, 81623.

Basalt Zip Code Map
Estimated median household income in 2015: $73,347 (it was $67,200 in 2000)
Basalt:

 

$73,347
CO:

 

$63,909

Estimated per capita income in 2015: $44,686 (it was $30,746 in 2000)

Basalt town income, earnings, and wages data

Estimated median house or condo value in 2015: $550,650 (it was $379,900 in 2000)
Basalt:

 

$550,650
CO:

 

$283,800

Mean prices in 2015: All housing units: $629,765; Detached houses: $858,920; Townhouses or other attached units: $392,583; In 3-to-4-unit structures: $526,181; In 5-or-more-unit structures: $436,319; Mobile homes: $55,728
 

Median gross rent in 2015: $1,986.

 


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Roaring Fork Realty
701 East Valley Road
Roaring Fork Valley, CO 81623
(970) 309 3620
(800) 963 7172 Toll-Free
(970) 963 7072 Fax
info@roaringforkrealty.com