Yes—asking rents are still rising in the Glenwood Springs metro that covers Aspen. Zillow’s typical asking rent reached $2,882 in June 2026, up 3.9% year over year, which says rent growth is positive but not especially fast.
What the latest rent data says
For Aspen investors, the clearest current signal is that metro rents are still moving up, not down. The verified figure is a typical asking rent of $2,882 in June 2026, up 3.9% year over year. That is a metro-level indicator for Glenwood Springs covering Aspen, not a city-only or neighborhood-only rent metric for Aspen, Central Core, Red Mountain, Snowmass Village, or any single submarket.
So if your question is simply whether rents are still rising, the answer is yes. What the data does not settle is how that trend varies by product type, lease term, finish level, view corridor, or neighborhood inside the Aspen market.
Why this matters for a small landlord
For underwriting, the practical takeaway is straightforward: you can support income assumptions with evidence of continued rent growth, but you should keep them restrained. A 3.9% annual increase as of June 2026 supports the case for steady rent resilience, not aggressive rent expansion.
For a small landlord, that usually means:
- underwrite to today’s achievable rent more than to future upside
- treat future rent growth as a modest tailwind, not the core of the investment case
- focus on lease quality, downtime risk, and renewal probability
- be careful about overpaying based on the idea that rents will quickly “catch up”
That discipline matters because the purchase side of the market is running differently from the rental side.
Why rent growth and price growth are diverging
The clearest divergence in the current data is that home prices are rising faster than rents.
The typical home value was $992,600 in June 2026, up 5.3% year over year and 0.1% month over month on a seasonally adjusted basis. Separately, the median sale price was $874,500 in May 2026, up 16.2% year over year. Meanwhile, the typical asking rent increased 3.9% year over year in June 2026.
For an investor, that spread matters. If asset prices rise faster than rents, cap-rate pressure can follow because income is not keeping pace with acquisition costs. Put simply: you may be paying more for the property without getting proportional rent growth.
It is also important to read those price figures correctly. Typical home value is not the same as median sale price. The typical home value is a valuation index, while the median sale price reflects the mix of closed transactions in May 2026 and cannot by itself establish what any one property is worth. For underwriting, the key point is not that every property appreciated by the sale-price percentage; it is that the ownership market is showing stronger price movement than the rent series.
What this means for underwriting in Aspen
If you are a small landlord buying in or around Aspen, this market setup argues for conservative income math.
The ownership market still shows upward price pressure, but it is not a uniformly frenzied market. Active listings were 583 in June 2026, up 11.7% year over year, and new listings were 149, up 1.4% year over year. The mean days to pending was 74 in June 2026, up 3 days year over year. Also, the share sold above list was 12.3% in May 2026, down 0.2 percentage points year over year.
For a landlord, those figures suggest a market where inventory has increased and time to secure a contract has lengthened somewhat, even while values remain above last year. That does not answer what your unit will rent for, but it does argue against overly optimistic assumptions on both exit pricing and near-term rent acceleration.
A measured underwriting approach would emphasize:
- current rent comps over aspirational pricing
- realistic leasing downtime
- sensitivity to higher acquisition basis relative to income
- return analysis that still works if rent growth stays closer to the recent June 2026 pace
Where the data is helpful—and where it is limited
The metro data clearly answers the top-line question: rents are still rising. It also clearly shows that price measures are rising faster than the rent measure, which is why underwriting has to separate appreciation narratives from income performance.
But these figures are metro indicators, not a property valuation or CMA, and they do not isolate Aspen’s luxury lease segment or any specific neighborhood such as West End, Smuggler, McLain Flats, Woody Creek, or Snowmass Village. They also do not tell you the achievable rent for a furnished condo versus a single-family home, or seasonal versus annual leasing dynamics.
For that reason, the metro trend is best used as a backdrop, while property-level underwriting should depend on true local comps, unit condition, location, and lease structure.
Bottom line
Rents are still rising in the Aspen-area metro, but the increase is moderate at 3.9% year over year in June 2026. Because home values rose 5.3% year over year in June 2026 and the median sale price rose 16.2% year over year in May 2026, small landlords should assume that purchase pricing and rental income are not moving in lockstep.
Source
Figures cited here are metro indicators for Glenwood Springs, CO covering Aspen and are not a property valuation or CMA. Source: Zillow Research housing data.
If you want property-level context for Aspen, Snowmass Village, or a specific neighborhood, Carrie Wells can help you compare the metro trend to actual leasing and purchase dynamics without pressure.
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Equal Housing Opportunity. Information is educational and not legal, tax, or financial advice.
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