Pitkin County, CO real estate

What the numbers say

Pitkin County, CO real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Pitkin County pay a median of $4,074 a year in property taxes on a median home value of $1,139,100, an effective rate of about 0.36%. The Colorado average is 0.48%, which makes Pitkin County the #29 lowest-tax of 64 counties in the state with published tax data.

Renters pay a median of $2,004 a month, and $2,118 for a two-bedroom. At today's prices a typical home costs about 47 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $1,139,000 home here comes to about $7,024 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $301,000 a year (the median household here earns $102,645).