The former boomtown sits at 9,600 feet above sea level, making it the highest town on this list ( Leadville, home to Ski Cooper, takes the cake for ski towns at 10,152 feet). The largest town in Colorado’s Eagle River Valley, Avon boasted the 10 th highest disposable income of any town we examined, with per capita income of $38,665, and rent for the average two bedroom apartment costing $1,335 a month. There are excellent ski towns all around the United States, some of which show promising signs for real estate. A Vacation Breakdown for 3 of the Top Colorado Ski Towns. Forget Aspen! After many years living in ski country, the idea of actually owning a home near a ski resort had seemed impossible. [ Wondering how to fund your first investment deal? Whether you’re brand new to investing or have closed a few deals, our new online real estate class will cover everything you need to know to help you get started with real estate investing. The HOA fees for single family homes tend to be fairly minimal, but for condos and townhomes, it’s typical to see HOA fees upwards of $400 a month. Investing in a ski town requires you to understand where the best investment opportunities are, so keep on reading and you’re going to learn what are the best ski towns to buy a second home in Colorado. Colorado is beloved by many travelers for its beautiful mountains and seasonal changes, which provides the perfect environment for skiing. Not only one of the best lakes in Colorado, Blue Mesa Reservoir is also the largest body of water in Colorado. By making it a second home of course. Vail is just under two hours outside of Denver and is popular for its many ski resorts. No question Taos is one of America’s 10 best ski towns. Fraser, Colorado is one example of a growing ski town, with a median list price of about $400,000. “The great urban exodus:” Colorado resort towns see flood of second-home buyers, burst in school enrollment. Research those listed above to get started, and let yourself make a visit or two before deciding on one. With rental rates reaching an all-time high, it is no wonder investors are trying to scoop these properties up at an alarming rate. What are the best Colorado ski town investments for 2018? BECAUSE YOU CAN NEVER HAVE TOO MANY HOMES! All rights reserved. Determining the best ski towns in Colorado is subjective to each traveler and what’s most important to them when they vacation. Expert investor Than Merrill explains the best real estate strategies to help get you on the path towards a better financial future. Level red perhaps most notably means no dining inside and increased restrictions on lodge capacities. Avon has been growing consistently over the years, with a current median home value of about $460,000. Whether you choose Colorado, California, or somewhere in between, there are some excellent markets to choose from. Ready to start taking advantage of the current opportunities in the real estate market? One market, in particular, has gained some momentum. Jackson Hole is another ski town with steep purchase prices, but for those who can invest here, the price can be well worth it. Copyright © 2020 Second Shelters. ]. In fact, this area is one of the oldest continuously inhabited locations in the U.S., home to the Taos people of the Taos Pueblo. Ranking based on data from the U.S. Census, FBI, and other data sources. Perhaps the most exciting opportunity is the ability to own a second home in a market you enjoy visiting. For second home buyers looking for the perfect ski home, look no further than Ski Town U.S.A.® COVID Updates and Restrictions in Steamboat. While the skiing itself is obviously important, the ski town is almost just as important to me. In addition, the Mountain Bike Hall of Fame calls Crested Butte home. Click to register for our FREE online real estate class! Whether it’s a second home, your primary residence, or an investment property you are looking to rent out, the mountains are a major appeal for Coloradans and visitors alike. The median home price is about $279,000 but is expected to keep rising as the area becomes more popular among investors. Why Winter Park, Colorado? 2020 Best Places to Buy a House in Colorado About this List Explore the best places to buy a house based on home values, property taxes, home ownership rates, housing costs, and real estate trends. Like so many other Colorado ski towns, the resort’s county raised the alert to level red, or severe risk, as COVID-19 cases spike across the country. Colorado is home to some of the best ski towns in the U.S. Its fantastic ski resorts are world-renowned, thanks to the diverse terrain, majestic mountains, and dependable snowfall. The Best Budgeting Apps & Online Tools for 2021, How To Invest In Real Estate: A Beginner's Guide, APR Vs. Interest Rate: A Guide For Real Estate Investors, The Best Cities To Flip Houses: A Year-By-Year Guide, The Ultimate Guide To Homeowners Association Rules, Investor's Guide To The Real Estate Contingency Contract. Your email address will not be published. BestPlaces.net reported the median home price for a ski town like Frisco is over $750,000. One of America’s most iconic ski towns — so iconic in fact that the town literally has “Ski Town, U.S.A.®” trademarked – Steamboat, Colorado, is up and running again for the Winter 2020 ski season, albeit with increased COVID-related restrictions in place. Your information is secure and never shared. 5 Places to Buy Ski Houses on the Slopes. Once Colorado’s second-largest city, with 30,000 residents, Leadville is now home to a mere 2,600, but its population is on the rise. This five-bed, eight-bath duplex was recently listed at $5.495 million. If you are in a position to purchase a second home, try considering a growing market like those listed above. It’s in a gated, five-home community about 15 minutes out from town and with a world of outdoor activities at its back door. Taking into account each of the factors listed above, the following list acknowledges the top 5 ski resort towns for real estate entrepreneurs to invest in buy-and-hold properties: This Montana town has over 14 ski lifts and a 7,000-foot summit elevation. By subscribing, you agree to receive blog updates and relevant offers by email. The above ski towns are not the only places worth considering when purchasing a second home. Required fields are marked *. HOA fees. ... the Boston Phoenix, the Metro newspaper and the Colorado Springs Independent. Avon offers access to two of Colorado’s premier ski resorts, Beaver Creek and Vail, and a high quality of life for those who make it their full time home. The median home price currently sits around $1.6 million, with an expected increase of 22 percent in the next year. | Site Design by KateOGroup, LLC. There are over 14 ski lifts in Avon, and views of the Rocky Mountains. There’s an abundance of townhomes and condos for sale in Ski Town, U.S.A.®. Few aspiring retirees have enough saved to buy a retirement home in Aspen, Colorado, or Jackson, Wyoming. Plus, the four-level home includes two gourmet kitchens and wrap around decks with a hot tub. FortuneBuilders is a real estate investing education and business development company, providing coaching, resources and tools to start a real estate business. Dewey, late-20s dudes trying to ski 80 days a year and work 40 hours a week, I see them all in the lift line.” Interested in Learning How to Invest in Real Estate? Fraser, CO: Fraser, Colorado, is a town of only 1,224 people, and a median home price of $314,200. America's top new vacation home destinations are historic chic, foodie certified, slightly off the grid, and nowhere you'd expect to find them. Current conditions favor buy-and-hold investors, as they can recoup any losses that may have occurred during the recession. In addition to its reputation as the quintessential ski town, Steamboat has also trademarked its Champagne Powder® snow and holds the record for producing more Olympic athletes than any other town. This three-bed, two-bath house going for $1.82 million boasts privacy and scenic beauty. Of course, things look different this year. The towns that surround the incredible resorts provide plenty of things to do when you’re not in the mood to ski (or when the resorts are closed). ... Before you buy a ski condo, ... Buying a Second Home in Colorado Insider info on the advantages (and cautions) of buying a vacation home here. Copyright © 2020 FortuneBuilders, Inc. All Rights Reserved. You’re paying for the stunning, panoramic views of the entire valley and ideal location close to the action. According to Realtor.com, rental rates can range from $1,200 to $18,000 per month. You must buy everything you need for a ski trip in advance this year, from lift tickets to lessons to rentals, so make sure to plan ahead. Check out the best Colorado towns to own and manage a vacation ... all of which have desirable properties nearby. 31275 Star Ridge Rd, Steamboat Springs, CO, Get Cozy in These Swank Airbnbs This Christmas, Gift This Fa La La Fabulous Horse Farm In Frankfort, Experience The Magic Of Mystic, Connecticut Over The Holidays, Alpine Mountain Ranch And Club Sells Two New Luxury Homesites Above $2M, ← Ski Towns Raise COVID Alert to Level Red, Severe Risk, Alpine Mountain Ranch And Club Sells Two New Luxury Homesites Above $2M →. Crested Butte: This high country ski town was acclaimed as the Best Ski Town in North America due to some of the best backcountry skiing in Colorado. You can unsubscribe at any time. RealtyTrac analyzed housing and economic data from resort towns with some of the nation’s top ski resorts to come up with a list of some of the top ski resort towns for real estate investing. This growing market could put you in the perfect position to enjoy Colorado’s many ski resorts, while also making a sound real estate investment. However, with that being said, where can investors find these properties? A total of 14 lifts serve nearly 1,100 acres of ski terrain, including 450 double black diamond slopes. Siting at the base of the stunning Ten Mile Range, Breckenridge is known for its high altitude life. 10 Great U.S. Keep reading to learn more about why you should consider a second home — and where it should be. Just North of the Lake Tahoe area, Truckee is a great mountain town for those searching for a second home. Your email address will not be published. Investing in Fraser is quite a bit easier than investing … If you buy from a link, we may earn a commission. Share your favorite part about buying in these ski town markets. Breckenridge, Colorado. This growing market could put you in the perfect position to enjoy Colorado’s many ski resorts, while also making a sound real estate investment. Actively investing in real estate, FortuneBuilders is uniquely built to provide investors with the right education and systems for success. Near a ski town U.S.A.® COVID Updates and relevant offers by email before Durango goes the of... Know this market is in the real estate strategies to help get you the! Tools to start taking advantage of the entire Valley and ideal location close to the Winter Olympics 1960... 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