Crested Butte, CO housing market
The typical Crested Butte home is worth about $1,491,000, up 6.6% in a year, 180% above the Colorado typical home.
Home values, sales, trends and how Crested Butte compares with the towns next door — updated as new data is published.
Crested Butte at a glance
Typical home value, 2016–2026
Show as a table
| January | Crested Butte | Colorado |
|---|---|---|
| 2017 | $602,000 | $339,000 |
| 2018 | $660,000 | $366,000 |
| 2019 | $749,000 | $389,000 |
| 2020 | $832,000 | $406,000 |
| 2021 | $934,000 | $444,000 |
| 2022 | $1,299,000 | $523,000 |
| 2023 | $1,350,000 | $548,000 |
| 2024 | $1,373,000 | $549,000 |
| 2025 | $1,376,000 | $555,000 |
| 2026 | $1,441,000 | $542,000 |
| August 2026 | $1,491,000 | $533,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Crested Butte in 2025, all single-family houses, worth about $5.1 million to build. That's 3.3 per 1,000 residents, slower than across Colorado (6.9). Over the past 10 years, Crested Butte has permitted 155 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Crested Butte gained 152 residents while 132 new homes were permitted: about 1.2 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 34% of Crested Butte's homes are seasonal or vacation homes, which adds housing without adding residents. Across Colorado: 2.5 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 5 | 0 | $9.6 million |
| 2025 | 4 | 4 | 0 | $5.1 million |
| 2024 | 42 | 8 | 34 | $25.3 million |
| 2023 | 6 | 6 | 0 | $7 million |
| 2022 | 12 | 10 | 2 | $15.3 million |
| 2021 | 7 | 7 | 0 | $6.6 million |
| 2020 | 9 | 9 | 0 | $8.3 million |
| 2019 | 31 | 19 | 12 | $10.1 million |
| 2018 | 17 | 17 | 0 | $9.6 million |
| 2017 | 16 | 16 | 0 | $7.6 million |
| 2016 | 11 | 11 | 0 | $5.1 million |
| 2015 | 12 | 12 | 0 | $6.9 million |
| 2014 | 7 | 7 | 0 | $4.6 million |
| 2013 | 9 | 9 | 0 | $6.3 million |
| 2012 | 12 | 12 | 0 | $6.2 million |
| 2011 | 10 | 10 | 0 | $5.2 million |
| 2010 | 7 | 5 | 2 | $3.8 million |
| 2009 | 2 | 2 | 0 | $436,000 |
| 2008 | 8 | 8 | 0 | $2.6 million |
| 2007 | 15 | 15 | 0 | $5.8 million |
| 2006 | 17 | 17 | 0 | $5.8 million |
| 2005 | 23 | 23 | 0 | $7.7 million |
| 2004 | 31 | 31 | 0 | $7.6 million |
| 2003 | 20 | 10 | 10 | $3.7 million |
| 2002 | 11 | 11 | 0 | $2.5 million |
| 2001 | 14 | 12 | 2 | $2.1 million |
| 2000 | 25 | 18 | 7 | $5.4 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
20 years of income
The typical Crested Butte home costs about 20 years of the town's median household income, more than across Colorado (5.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,590
HUD's Fair Market Rent for a two-bedroom in Crested Butte is $1,590 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Crested Butte pay a median of $1,365, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $1,210 · 4 bedrooms $2,670
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (81224; Gunnison County, CO), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.