ZIP 81611 vs ZIP 81654

81611 is one of 7 ZIP codes that lie mostly in Pitkin County, CO.

Shaded by typical home value, it ranks 2 of the 6 with a value.

Mapped in and around 81611: 292 places to go — 158 trails, 45 parks & open space, 40 dining.

4 school locations in 81611: 2 elementary, 1 middle, 1 high.

In alphabetical order: Aspen Elementary School, Aspen High School, Aspen Middle School, Aspen Preschool. Locations only — no ratings are shown here.

81654 is one of 7 ZIP codes that lie mostly in Pitkin County, CO.

Shaded by typical home value, it ranks 3 of the 6 with a value.

Mapped in and around 81654: 48 places to go — 19 trails, 15 day trips, 12 arts & venues.

In January 2000 the typical home in 81611 was worth $828,898.

Values peaked at $3,452,663 in August 2026. The latest reading is the peak.

As of August 2026: $3,452,663, +7.5% over twelve months.

Start with the typical home: $3,452,663. Put 20% down and borrow $2,762,130 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $19,124 a month in principal and interest.

The median household here earns $95,708 a year, $7,976 a month. So the payment takes 239.8% of income — more than the median household earns — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 57.6% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $4,963.

In December 2020, with rates at 2.68%, it was $6,789.

By August 2026, at 6.67%, it was $17,763 — +162% since December 2020, while the home's value moved +65%.

Reported values rose +317% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $1,635,916. So the real change is +111%, not +317%.

81611: +317% since January 2000.

Pitkin County: +310% since January 2000.

Colorado: +199% since January 2000 — 81611 ran ahead of it by 118 points.

Owning the typical home costs about $22,577 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $18,211 a month.

Price divided by a year's rent: 15.8. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 81654 was worth $639,022.

Values peaked at $2,847,047 in February 2026. The latest reading is −1.9% from that peak.

As of August 2026: $2,793,548, +4.0% over twelve months.

Start with the typical home: $2,793,548. Put 20% down and borrow $2,234,838 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $15,474 a month in principal and interest.

The median household here earns $115,278 a year, $9,607 a month. So the payment takes 161.1% of income — more than the median household earns — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 36.8% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $3,826.

In December 2020, with rates at 2.68%, it was $4,569.

By August 2026, at 6.67%, it was $14,372 — +215% since December 2020, while the home's value moved +98%.

Reported values rose +337% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $1,261,176. So the real change is +122%, not +337%.

81654: +337% since January 2000.

Pitkin County: +310% since January 2000.

Colorado: +199% since January 2000 — 81654 ran ahead of it by 139 points.

Owning the typical home costs about $18,267 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $545 a month.

Price divided by a year's rent: 427.1. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 46 a month (Redfin, 3-month rolling data through August 2026). That is 93% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 182. That is 75% of the 2015–2019 level for the same months.

Going out — closed sales: about 22 a month.

The ladder: homes for sale ÷ monthly sales = 8.1 months of supply — above the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 23 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 22 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 27 — so sales ran at 81% of it, and below it in 14 of the last 24 months.

Across Pitkin County, builders pulled permits for 36 new homes in 2025.

Of those, 100% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Homes sold: about 1 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 2 — so sales ran at 50% of it, and below it in 8 of the last 24 months.

Across Pitkin County, builders pulled permits for 36 new homes in 2025.

Of those, 100% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Pitkin County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 308 moved in. Among the ten receiving the most, 388 moved out.

Net across those counties: −80 households. Beside it, homes for sale in this ZIP: 182 in June 2026.

Most arrivals came from Eagle, CO (110 households); most departures went to Garfield, CO (163).

County assessor records list 6,353 properties with a market value here. Their average assessed market value is $3,134,700; the typical home value is $3,452,663.

The assessor average sits −9.2% from the market figure — an average against a typical value, so treat it as a check, not a verdict.

This ZIP sits in Pitkin County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 308 moved in. Among the ten receiving the most, 388 moved out.

Net across those counties: −80 households. Beside it, homes for sale in this ZIP: 18 in June 2026.

Most arrivals came from Eagle, CO (110 households); most departures went to Garfield, CO (163).

County assessor records list 527 properties with a market value here. Their average assessed market value is $1,515,800; the typical home value is $2,793,548.

The assessor average sits −45.7% from the market figure — an average against a typical value, so treat it as a check, not a verdict.