HousingHandbookReference data

U.S. ZIP Code · CO81623

Pitkin County

Typical home value

$1,361,970[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.6%
5-year / yr
+9.7%
10-year / yr
+8.8%

Relative price

vs U.S.
+379.5%
vs metro
vs state
+171.4%
ZIP 81623 location in CO
Location of ZIP 81623 in CO

Price history

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

The typical home in 81623 is worth $1,361,970. Over the past year, values have risen 5.6%. Homes here rent for a typical $4,608 a month — a 4.1% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent
$4,608[2]
Gross yield
4.1%[2]
Cap rate
2.4%[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$5,267[3]

#Climate risk

FEMA National Risk Index ratings for Pitkin 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
Very Low
Heat wave
No Rating
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
15,067[3]
Median household income
$109,661[3]

#Migration

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

Net migration
-169[5]
Moved in
782
Moved out
951

Schools

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

Public schools
7
Elementary
3
Middle
1
High
2
  • Roaring Fork High School

    High · Grades 9–12 · Roaring Fork School District No. Re-1

    453 students

  • Crystal River Elementary School

    Elementary · Grades PK–4 · Roaring Fork School District No. Re-1

    447 students

  • Carbondale Middle School

    Middle · Grades 5–8 · Roaring Fork School District No. Re-1

    354 students

  • Ross Montessori School

    Elementary · Grades K–8 · State Charter School Institute

    213 students

  • Carbondale Community Charter School

    Elementary · Grades K–8 · Roaring Fork School District No. Re-1

    140 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 yield4.1%
Net yield (after ~40% expenses)2.4%
Annual rent$55,300

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$6,887
Loan principal$1,089,576
Down payment$272,394
Total interest paid$1,389,694

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 ratio1.84
Monthly cost to own$8,464
Monthly rent$4,608

Renting is meaningfully cheaper month-to-month.

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 81623?
The typical home in 81623 is worth $1,361,970, based on the Zillow Home Value Index.
Are home values rising in 81623?
Home values in 81623 are up 5.6% over the past year, and up 9.7% a year over five years.
What is the typical rent in 81623?
A typical home in 81623 rents for about $4,608 a month, a gross rental yield of 4.1%.
What is the property tax rate in 81623?
The effective property tax rate in 81623 is 0.4% — roughly $5,267 a year on a typical home.
Who lives in 81623?
ZIP code 81623 has a population of 15,067 and a median household income of $109,661.

Compare ZIPs

Pit ZIP 81623 against any other ZIP — full side-by-side table.

Compare 81623

#Jump to section