Colorado is home to some of the most desirable—and expensive—cities in the United States, known for their scenic beauty, vibrant communities, and high-end amenities. Whether you’re looking at homes for sale in Aspen or Cherry Hills Village, these cities offer a luxurious lifestyle paired with outdoor adventure. But all these perks come with a hefty price tag, so some house hunters may want to steer clear. If you’re considering moving to one of the most expensive cities in Colorado, here’s what makes them stand out.
Quick facts about Colorado
| Median sale price | $601,700 |
| Median household income | $92,911 |
| Average rent | $1,713 |
10. Avon, CO
Median Sale Price: $1,031,750
Homes for sale in Avon
Nestled in the heart of the Rockies, Avon is a gateway to Beaver Creek Resort, a world-renowned destination for skiing and luxury living. The town features charming boutiques, lively restaurants, and plenty of outdoor recreation options, including hiking and paddleboarding on Nottingham Lake. Avon’s neighborhoods offer a mix of modern condos and mountain homes, perfect for those who want both convenience and stunning views. Residents enjoy the community’s local arts scene and year-round events like summer concerts and farmers’ markets. With its blend of small-town charm and upscale living, Avon is an ideal choice for nature lovers and outdoor enthusiasts.
9. Gypsum, CO
Median Sale Price: $1,043,000
Homes for sale in Gypsum
If you’re looking for a laid-back atmosphere with easy access to the Vail Valley’s world-class amenities, consider making Gypsum your next home. This small town is known for its golf courses, riverside parks, and expansive views of the surrounding mountains. Its quiet neighborhoods feature spacious homes with large yards, perfect for those seeking some peace and quiet. Gypsum’s proximity to outdoor activities, including fishing, hiking, and skiing, makes it a haven for adventurers. For homebuyers looking for a relaxed mountain lifestyle without the crowds, Gypsum is an appealing option.
8. Applewood, CO
Median Sale Price: $1,324,000
Homes for sale in Applewood
Applewood is a charming suburb just outside Denver, known for its tree-lined streets and beautiful mid-century homes. With easy access to parks, bike trails, and golf courses, it’s an ideal town for outdoor enthusiasts. Local amenities include cozy cafes, artisan shops, and a welcoming vibe that feels both upscale and down-to-earth. Residents love the peaceful environment paired with proximity to downtown Denver for dining, shopping, and cultural activities. Applewood combines suburban comfort with Colorado’s signature outdoor lifestyle.
7. Genesee, CO
Median Sale Price: $1,463,750
Homes for sale in Genesee
Located in the foothills of the Rockies, Genesee offers breathtaking views and a serene escape from city life. This upscale mountain community features spacious homes with large decks, perfect for enjoying the surrounding natural beauty. Residents can explore miles of hiking trails and spot local wildlife in Genesee Park, one of the area’s most beloved landmarks. The town’s proximity to Denver provides convenience without sacrificing the tranquility of mountain living. For homebuyers seeking a luxurious retreat, Genesee delivers a charm that’s hard to find anywhere else.
6. Steamboat Springs, CO
Median Sale Price: $1,525,000
Homes for sale in Steamboat Springs
Steamboat Springs is a picturesque mountain town famous for its world-class skiing and natural hot springs. Downtown Steamboat offers a mix of local restaurants, boutique shops, and art galleries. Neighborhoods range from cozy condos near the slopes to expansive ranch-style homes with stunning views. Outdoor enthusiasts enjoy year-round activities, including snowshoeing, mountain biking, and fly fishing on the Yampa River. Steamboat’s unique blend of luxury and adventure makes it a standout choice for homebuyers seeking a mountain getaway.
5. Edwards, CO
Median Sale Price: $1,662,500
Homes for sale in Edwards
Edwards is a hidden gem in the Vail Valley, offering a relaxed yet upscale mountain lifestyle. The town features high-end dining and easy access to world-class skiing at Beaver Creek and Vail. Neighborhoods include luxury homes with sweeping mountain views and riverside properties along the Eagle River. Residents enjoy community events, farmers’ markets, and outdoor activities like hiking and kayaking.
4. Carbondale, CO
Median Sale Price: $1,960,000
Homes for sale in Carbondale
The Roaring Fork Valley is home to Carbondale, CO, known for its artistic vibe and proximity to Aspen. Local attractions include the Mount Sopris hiking trails, charming Main Street, and a thriving art scene. Carbondale offers an array of homes, from modern designs to rustic mountain retreats, appealing to a variety of tastes. The town is also a haven for foodies, with farm-to-table restaurants and craft breweries dotting the area. Its blend of culture and outdoor adventure makes Carbondale an appealing option for those who crave an active, creative lifestyle.
3. Greenwood Village, CO
Median Sale Price: $2,260,000
Homes for sale in Greenwood Village
Greenwood Village is a prestigious suburb south of Denver, known for its luxury homes and upscale amenities. The town boasts scenic parks, open spaces, and the Denver Tech Center, which provides a hub for shopping, dining, and business. Neighborhoods feature sprawling estates and modern homes with high-end finishes, catering to those looking for elegance and space. Residents enjoy convenient access to Denver while relishing the peaceful, suburban atmosphere. Greenwood Village is perfect for homebuyers seeking exclusivity and convenience.
2. Aspen, CO
Median Sale Price: $3,150,000
Homes for sale in Aspen
A resort town synonymous with luxury, Aspen boasts some of the most exclusive real estate in the world. The city is a global destination for skiing, with four nearby mountains catering to outdoor enthusiasts. Downtown Aspen features high-end boutiques, gourmet restaurants, and a local cultural events like the renowned Aspen Music Festival. Homes in Aspen range from sleek condos in the city center to expansive mountain estates. Its combination of world-class amenities and natural beauty makes Aspen a dream destination for homebuyers seeking the ultimate in upscale living.
1. Cherry Hills Village, CO
Median Sale Price: $3,775,000
Homes for sale in Cherry Hills Village
Coming in at the top of the list, Cherry Hills Village is the pinnacle of luxury living in Colorado, offering sprawling estates and unparalleled privacy. Here you’ll find picturesque trails, private clubs, and meticulously landscaped properties. The community also hosts elegant events and fosters a strong sense of connection among residents. Cherry Hills Village offers a luxurious lifestyle in one of Colorado’s most prestigious neighborhoods.
What are the richest cities in Colorado?
Based on median household income, the richest cities in Colorado are:
- Cherry Hills Village, CO ($250,001)
- Sterling Ranch, CO ($200,972)
- Stepping Stone, CO ($193,700)
- Genesee, CO ($159,327)
- Todd Creek, CO ($156,953)
Where are the cheapest places to live in Colorado?
Not every city in Colorado comes with a high price tag. If you’re looking for affordable home prices and lower living costs, these cities offer budget-friendly options:
- Dove Valley, CO ($168,000)
- Federal Heights, CO ($189,000)
- Brush, CO ($228,000)
- Pueblo, CO ($234,950)
- Four Square, CO ($235,000)
Methodology: Rankings based on median home sale price data sourced from Redfin.com during January 2025. Median household income sourced from U.S. Census Data.
