Living in Aspen: Affordable Strategies for Renters, Owners, Travelers, and Residents

Aspen is a small town in Colorado with a population of just over 7,000. Known for the beautiful mountains and picturesque quality, it is a destination vacation attraction for people all over the world. Now if you want to actually move to there, we are here to help. We’ve gathered some tips to help you in your journey of relocating to Aspen.

Airbnb

There are quite a few Airbnb rentals that are available to rent. Vacationers should be able to find one that will suit any style or budget. Seeing as though Aspen is quite popular as a destination getaway, there can never be enough rental Airbnb’s. Of course, there are peak seasons for vacationing, but overall investing in one may set you up so well financially that you can possibly think about making it into a full-time income. Be sure to do your research to check and see what price point that their may be a shortage in, that will help you decide what price points you want to come in and offer.

Buying or Renting a Home in Aspen

The median cost to buy a house in Aspen is $1.9 million dollars, and to rent an apartment is $2,500. If you happen to find a great deal on buying, jump on it, as you know that your property value is sure to go up over the years. However, both options can be a little pricey. Research different mortgage companies and banks, to discuss your options. Also, consider living in a surrounding city. You’ll still have nearby access to Aspen, but at a fraction of the costs.

Cut Down on the Cost of Living in Aspen

In 1984, the City of Aspen along with Pitkin County signed what is called an Inter-Governmental Agreement (IGA) creating the, Aspen Pitkin County Housing Authority (APCHA). APCHA is an organization that provides subsidized housing within Aspen, CO. They provide opportunities to those that are looking to rent or buy. The program is funded by the City of Aspen. If interested, contact APCHA for more information and to check the requirements for eligibility.

For economic reasons, many people have opted to participate in group-communal-coop living. Imagine purchasing or renting a house on your own, versus splitting the costs with 2-5 or more other people. You can still have the quality of life that you’re looking for, with a fraction of the costs. The is a great option for seasonal workers or vacationers. If you’re looking for something more long term, then I’d research longer rental or mortgage options.

Working in Aspen

Imagine being in paradise and getting paid for it! That’s what working in Aspen can feel like. Ski resorts are often looking to hire, and seasonal jobs are always in demand. You definitely cannot beat the perks that come with it, such as taking a few skiing lessons while you’re off the clock.

Having a great lifestyle in Aspen is totally attainable for just about any budget. With some research and a little planning, you’ll be well on your way securing a home in paradise.