A picture of a ski resort with skiers and other guests in the snow in front of it.

© Noel Hendrickson - DigitalVision

Investors are capitalizing on sky-high single-family and condo investments in winter resort housing markets. Rising home prices and strong demand are keeping investments in these resort towns profitable.

The real estate data firm ATTOM Data Solutions and ZRankings.com identified the top ski resorts based on single-family and condo sales data in 2021. Researchers found that in nearly half of the counties analyzed, home sellers more than doubled their investment in five years.

Three counties—Pitkin County, Colo. (home to the Snowmass resort in Aspen), Teton County, Wyo. (home to Jackson Hole), and San Miguel County, Colo. (home to the Telluride Ski Resort)—ranked the highest in five-year home price growth. All three counties more than doubled in median home price from 2016 to 2021, the analysis shows.

A graphic showing info for the top 10 ski town markets in the country.