The Town of Fraser is a statutory town situated in Grand County, Colorado, within the United States. It lies in Middle Park in the valley of the Fraser River along U.S. Highway 40. The community is bordered to the south by Winter Park and to the north by unincorporated Tabernash, positioning it as a key settlement in southeastern Grand County.

Fraser was incorporated in 1953, though a post office bearing its name has operated since 1876. The town derives its name from Reuben Frazer, a pioneer settler who established roots in the area. Its proximity to Winter Park, home to a popular ski resort, has driven significant growth through new condominium and real estate developments in recent decades.

The Fraser River passes through the east side of town, flowing northward toward the Colorado River. The landscape is defined by its high elevation and cold climate, with Fraser recording one of the coldest annual mean temperatures in the lower forty-eight states. It experiences heavy snowfall and frost year-round, rivaling northern Alaska in winter severity.

Fraser has historically claimed the title "Icebox of the Nation," a slogan it disputed with International Falls, Minnesota, until the United States Patent and Trademark Office registered it with the Minnesota town in 2008. The area attracts visitors for its ski access and unique climatic conditions, serving as a gateway to the Arapaho National Forest and nearby peaks.

The population was 1,400 at the 2020 United States census, reflecting a significant increase from previous decades. Transportation includes Amtrak's California Zephyr and seasonal ski trains, alongside Lift Winter Park Transit and Bustang services. The town features a median age of 35.9 years and maintains a subarctic climate with extreme temperature variations throughout the year.