HousingHandbookReference data

U.S. ZIP Code · CO81224

Gunnison County

Typical home value

$1,424,119[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.7%
5-year / yr
+7.8%
10-year / yr
+9.8%

Relative price

vs U.S.
+401.3%
vs metro
vs state
+183.7%
ZIP 81224 location in CO
Location of ZIP 81224 in CO

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 81224 is worth $1,424,119. Over the past year, values have risen 4.7%. The effective property tax rate is 0.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.3%[3]
Typical annual tax
$4,532[3]

#Climate risk

FEMA National Risk Index ratings for Gunnison County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Low
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
3,101[3]
Median household income
$89,907[3]

#Migration

Household moves in and out of Gunnison County over a year, from IRS tax-return data.

Net migration
+19[5]
Moved in
680
Moved out
661

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
1
Middle
0
High
1
  • Crested Butte Secondary School

    High · Grades 6–12 · Gunnison Watershed School District Re1J

    403 students

  • Crested Butte Elementary School

    Elementary · Grades K–5 · Gunnison Watershed School District Re1J

    310 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$7,201
Loan principal$1,139,295
Down payment$284,824
Total interest paid$1,453,108

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$8,768
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 81224?
The typical home in 81224 is worth $1,424,119, based on the Zillow Home Value Index.
Are home values rising in 81224?
Home values in 81224 are up 4.7% over the past year, and up 7.8% a year over five years.
What is the property tax rate in 81224?
The effective property tax rate in 81224 is 0.3% — roughly $4,532 a year on a typical home.
Who lives in 81224?
ZIP code 81224 has a population of 3,101 and a median household income of $89,907.

Compare ZIPs

Pit ZIP 81224 against any other ZIP — full side-by-side table.

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