Broomfield appreciation rates and housing market information

Broomfield housing market information

With 38,297 people, 14,351 houses or apartments, and a median cost of homes of $304,278, Broomfield real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Broomfield, accounting for 72.59% of the city's housing units. Other types of housing that are prevalent in Broomfield include large apartment complexes or high rise apartments (17.29%), mobile homes or trailers (6.41%), row houses and other attached homes (2.09%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.55%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Broomfield. Owner-occupied housing accounts for 73.93% of Broomfield's homes, and 66.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Broomfield built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Broomfield built from 1995 and later (29.73%). A lesser amount of the housing stock also hails from 1940-1969 (16.94%), and some were built from 1939 and earlier (16.94%).

Broomfield home appreciation rates

Real estate appreciation rates in Broomfield have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.40% during the period.

NeighborhoodScout's data show that during the latest twelve months, Broomfield home appreciation rates, at 1.57%, have been at or slightly above the national average. In the latest quarter, Broomfield's appreciation rate has been 0.03%, which annualizes to a rate of 0.12%.

Relative to Colorado, our data show that Broomfield's latest annual appreciation rate is higher than 42% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Broomfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Broomfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Broomfield real estate investment or home purchase decisions.