Colorado’s high-country communities, known for their stunning landscapes and outdoor lifestyles, are becoming increasingly out of reach for locals.
The surge in real estate prices and demand for second homes is reshaping these towns, creating challenges for the local workforce.
Here are 10 communities where affordability has become a concern.
Vail
Nestled in the heart of the Rocky Mountains, Vail has transformed into a playground for the wealthy. Known for its world-class skiing, homes here often sell for millions. This shift has made it challenging for the local workforce, who now face long commutes to work.
The town’s picturesque charm is overshadowed by a severe housing strain. Vail’s allure draws tourists and second-home buyers, leaving locals grappling with high rents and limited availability. This dynamic has created a commuter town, with workers struggling to live nearby.
Despite its beauty, Vail’s exclusivity stands as a barrier for many who call Colorado home.
Telluride
Telluride, with its stunning mountain backdrop, is a jewel of Colorado. Known for its remote beauty, the town has become a hotbed for luxury real estate. The limited land availability only fuels the demand, hiking prices to new heights.
Locals face near-total rental scarcity, with many unable to compete in this high-stakes market. The town’s unique charm attracts affluent buyers, leaving those who work there struggling to find housing.
Telluride’s appeal as a high-end destination has reshaped the community, causing concern among residents about its accessibility and future.
Crested Butte
Once a laid-back haven, Crested Butte is now on the radar for luxury seekers. Known for its colorful, historic downtown, the town has seen an influx of second-home buyers. This demand has caused home values to soar, changing the local landscape.
The resort town’s growth has made affordability a rare commodity for locals. As Crested Butte evolves, the balance between its small-town feel and growing popularity becomes more challenging.
The charm that once attracted those seeking an alternative lifestyle is now at risk, as the market caters increasingly to high-end buyers.
Aspen (and nearby Basalt/Carbondale)
Aspen’s reputation for luxury is well-deserved, but now even its surrounding areas like Basalt and Carbondale are feeling the squeeze. Known for their scenic beauty, these bedroom towns have seen home prices skyrocket.
Local families are being priced out, as the demand for exclusivity reaches beyond Aspen’s borders. The once-affordable refuges for workers are now part of the real estate boom.
As the region becomes increasingly unaffordable, the distinct character of these communities is at risk, causing concern among long-time residents who feel the area slipping away.
Breckenridge
Breckenridge, a favorite among ski enthusiasts, faces a housing crunch. Known for its charming downtown and ski slopes, the town’s housing demand far exceeds supply. Locals find themselves grappling with fierce competition for rentals.
The waitlists for subsidized housing programs are long, reflecting the urgency of the situation. Breckenridge’s allure makes it a magnet for tourists and second-home owners, exacerbating the housing crisis.
This once approachable ski town now presents significant challenges for those who live and work there, as the community grapples with its changing identity.
Steamboat Springs
Steamboat Springs, with its famous hot springs and ski resort, has become a favorite for remote workers and vacation-home buyers. Known for its laid-back vibe, the town’s market has surged, leaving locals struggling to keep pace.
Traditional working families find both ownership and long-term renting increasingly unattainable. The pressure from outside buyers has reshaped the town’s housing landscape.
As Steamboat Springs evolves, the challenge remains in maintaining its community spirit while addressing affordability issues that threaten its way of life.
Salida
Salida, a quieter mountain town, is experiencing rapid change. Known for its thriving arts scene and historic downtown, rising costs are now a significant concern. The town’s appeal has drawn new residents, driving up prices.
Locals and seasonal workers face difficulties, with limited housing availability and rising living expenses. The shift in Salida’s dynamics reflects a broader trend seen across Colorado’s picturesque towns.
Despite its charm, Salida is at a crossroads, balancing growth with the needs of its long-time residents who find themselves increasingly outpaced by the market.
Ridgway
Ridgway, a small town with a big view of the San Juan Mountains, is under pressure. Known for its rustic charm, the town has attracted buyers seeking luxury homes and exclusive retreats.
Local affordability is a growing issue as outside demand continues to rise. Residents worry that Ridgway is shifting towards becoming a luxury outpost, losing its accessible, down-to-earth appeal.
As housing demand outpaces local affordability, the town’s unique character is at risk, raising concerns among those who cherish Ridgway’s community vibe.
Durango
Durango, though not a typical ski resort town, faces its own affordability challenges. Known for its historic train and vibrant arts scene, the town mirrors the pricing trends of larger resort areas.
Locals find themselves increasingly pushed out, as housing demand continues to rise. The draw of Durango’s cultural offerings and scenic beauty attracts a diverse range of buyers.
This dynamic has reshaped the housing market, presenting significant challenges for residents who call Durango home and wish to remain part of its thriving community.
Ouray
Ouray, aptly nicknamed “The Switzerland of America,” is known for its hot springs and rugged beauty. The town’s small size belies a big real estate challenge, as it becomes harder for locals to secure housing.
With its picturesque charm, Ouray attracts tourists and buyers seeking a slice of its serene lifestyle. The resulting housing scarcity mirrors larger trends seen across Colorado’s high-country communities.
Residents worry about the long-term impact on Ouray’s community fabric as affordability issues persist, threatening the small-town charm that defines it.