The story of this market
The typical home in ZIP 81435 sells for about $2,190,000, or $2,550 per square foot.
Prices are up +7.3% from a year ago, so sellers still have some momentum. Homes take about 3 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,631 a month.
ZIP 81435 — Telluride
The Telluride housing market remains a high-end, low-inventory environment where luxury properties continue to see price appreciation. While sales volume is low, the market is supported by strong demand for premium mountain real estate, keeping prices elevated despite broader economic shifts.
This ZIP is best suited for affluent buyers, luxury investors, and seasonal residents seeking world-class mountain amenities, as the high cost of entry and limited inventory present significant barriers for typical family buyers or commuters.
Median prices moved up 7.3% year over year.
Homes spend a median of 3 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 8.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 81435, San Miguel County, CO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Telluride School District, which is generally well-regarded for its academic performance and small class sizes.
The region faces significant wildfire risks common to high-altitude Colorado mountain towns, impacting insurance availability and premiums.
Economic momentum is driven primarily by the tourism and luxury real estate sectors, with limited industrial expansion due to geographic constraints.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Commuting is primarily local within the Telluride and Mountain Village area, with limited regional transit options due to the remote mountain geography.
The area is a world-class destination for skiing, hiking, and mountain biking, featuring extensive trail networks, the Telluride Ski Resort, and a vibrant historic downtown shopping and dining district.
The rental market is characterized by high demand and low vacancy, heavily influenced by seasonal tourism and a significant presence of short-term vacation rentals.
The economy is heavily anchored by the tourism, hospitality, and luxury real estate industries, with the Telluride Ski Resort serving as the primary employer.
Transportation is facilitated by the Telluride Regional Airport and a unique free gondola system connecting Telluride and Mountain Village.
Development is strictly regulated due to the surrounding National Forest and historic preservation mandates, limiting large-scale new construction.
The San Miguel County Assessor manages property valuations, which are subject to periodic reappraisal cycles based on market sales data.
Parcels are subject to various special districts including the Telluride School District, fire protection districts, and local sanitation authorities.
Property insurance premiums are elevated due to high wildfire risk and the high replacement cost of luxury mountain properties.
Data retrieved from data.census.gov ZCTA 81435 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
World-class ski resort serving as the primary economic and recreational anchor.
A preserved Victorian-era district featuring high-end boutiques, galleries, and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median rent ($2,352) sat outside the 0.25–4× band around San Miguel County's retained level and was not stored.