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Crested Butte

Learn about the people, housing, costs and businesses in Crested Butte, Colorado

Median Home$848,100
Median Rent$1,559/month
Population1,398
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality8% education
Home Value Growth⬆⬆⬆+36.5% over 2 years
Young Adults25% of residents
Homeowners69% of occupied units
NotableHighly Educated41% bachelor's · 15% graduate · top 1% nationally
NotableTransit80/100 · excellent transit access
Crested Butte
CO

Frequently Asked Questions

What are today's mortgage rates in Crested Butte?

As of today, the 30-year fixed mortgage rate for Crested Butte is approximately 6.805% (6.838% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Crested Butte?

The median home value in Crested Butte is $848k. The median monthly rent is $1,559. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Crested Butte?

Home values in Crested Butte have increased 36.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Crested Butte?

Based on a typical all-in ownership cost of $1,732/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Crested Butte is $88k/year.

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What industries drive the economy in Crested Butte?

The largest employment sectors in Crested Butte are healthcare (19%) and arts, food, and hospitality (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.