Compare with
An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −9.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +4.1% YoY, is the number to watch.
The median listing price is down 9.7% YoY while the median home got up 12.7% bigger, so value per square foot is down 4.0%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $3.04M purchase rents for $6,600/mo: 0.22% of price per month against the 1% rule's 1.00%.
Not shown: 4 BR (sale only, no matching rent), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Rentals here take about 97 days longer to find a tenant than sales take to go under contract (median across 2 property types).
Not shown: Multi-Family (sold here, not rented), Townhouse (no rental days-on-market reported).
U.S. Census ACS characteristics for ZIP 81615 itself, not its parent county.
Renters hold 39.2% of this ZIP's 1,758 occupied households, on a median household income of $103K.
| Measure | ZIP 81615 | Pitkin County | Difference |
|---|---|---|---|
| Median Household Income | $103K | $103K | +$314 |
| Below Poverty Level | 1.7% | 7.8% | -6.1% |
| Median Age | 59.00 | 47.20 | +11.80 |
| Total Population | 2,972 | 16,985 | -- |
| Avg Household Size | 1.68 | 1.83 | -0.15 |
| Owner-Occupied | 60.8% | 62.8% | -2.0% |
| Worked From Home | 20.8% | 16.6% | +4.2% |
| Mean Commute | 23.20 | 19.90 | +3.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.8% to 16,985: residents under 18 are down 3.0% and those 65 and over are up 4.6%.
County median household income is $103K, 7.8% of residents are below the poverty level, 16.6% work from home.