Similar to other places in this area, it's a lot more expensive compared to the nation as a whole. Compared to the city of Montrose, it's significantly more expensive.
Home prices
The median home in Basalt costs $648,200. Compared to its nearby areas this is about $10,080 (1%) lower.Compared to the nation as a whole it is about $430,700 (198%) higher, and it is approximately $436,500 (206%) higher compared to the city of Montrose.
Rents
In Basalt the median monthly rent is $2,155. Compared to its nearby areas it is roughly $384 (21%) higher.It is roughly $1,093 (102%) higher in comparison to the rest of the country, and is roughly $1,250 (138%) higher compared to the city of Montrose.
Nearby places
El Jebel
El Jebel is Basalt's neighbor to the northwest. Its real estate prices are fairly similar. El Jebel's median home value is $632,800, which comes out to $15,400 (2%) lower than Basalt. Rents there are somewhat less expensive. The median rent in El Jebel is $1,716 per month, which comes out to $439 (25%) lower than Basalt.
Mulford
Mulford is roughly 6 miles northwest of Basalt. Its real estate prices are pretty similar. Mulford's median home price is $641,500, which comes out to $6,700 (1%) lower than Basalt. Rent there is a bit more expensive. Mulford's median monthly rent is $2,750, which is $595 (21%) higher than Basalt.
Carbondale
Carbondale is approximately 8 miles west of Basalt. Housing prices there are somewhat less expensive. The median home cost in Carbondale is $496,300, which is $151,900 (30%) lower than Basalt. Rents there are somewhat less expensive. The median rent in Carbondale is $1,747 a month, which works out to $408 (23%) lower than Basalt.
Snowmass Village
Snowmass Village is approximately 11 miles southeast from Basalt. Its housing prices are a little more expensive. The cost of the median home in Snowmass Village is $884,400, which works out to $236,200 (26%) higher than Basalt. Rent there is significantly less expensive. In Snowmass Village the median rent is $1,142 a month, which works out to $1,013 (88%) lower than Basalt.
Aspen
Aspen is about 15 miles southeast from Basalt. Its housing prices are similar. The cost of the median home in Aspen is $636,400, which works out to $11,800 (1%) lower than Basalt. The rent there is substantially less expensive. The median monthly rent in Aspen is $1,500, which comes out to $655 (43%) lower than Basalt.
