However, in order to receive that funding, Basalt needed to conduct a housing needs assessment. In 2024, the Town contracted Economic and Planning Systems (EPS) to complete a local housing needs assessment. However, state legislation requires that this housing needs assessment to be updated in order for Basalt to re-secure priority for grant funding. The regional housing needs assessment found that, between Aspen and Carbondale, there is no municipality where the median price of a single-family home is less than $1.5 million. Either way, the housing needs assessment projected a need of 2,853 new housing units in Pitkin County over the next 10 years.