Home prices in Breckenridge and Steamboat Springs rival major metros
Add Axios as your preferred source to
see more of our stories on Google.
Two Colorado mountain communities are among the most expensive small towns in America, according to a study released this month by LendingTree.
Why it matters: These "micropolitan" areas — towns with populations between 10,000 and 50,000 — are giving the country's largest cities a run for their money in the real estate game.
By the numbers: Breckenridge ranked third among 50 U.S. micropolitan areas with a median home value of $760,000 — on par with Los Angeles, LendingTree found.
- Steamboat Springs followed closely at No. 4, with a median home value of nearly $692,000, comparable with San Diego's real estate.
What they did: LendingTree analyzed census data from the 2022 American Community Survey.
The bottom line: Swapping the city for small-town living might seem like a money-saving move, but with price tags like these, think again.