Boulder, CO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Boulder, CO Housing Market Trends

With 105,673 people, 42,121 houses or apartments, and a median cost of homes of $871,754, Boulder house prices are not only among the most expensive in Colorado, Boulder real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Boulder, accounting for 40.63% of the city's housing units. Other types of housing that are prevalent in Boulder include single-family detached homes ( 39.61%), duplexes, homes converted to apartments or other small apartment buildings ( 9.14%), and a few row houses and other attached homes ( 7.77%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Boulder primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Boulder has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Boulder built from 1970 to 1999 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 Boulder built between 1940-1969 ( 28.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.89%). There's also some housing in Boulder built before 1939 ( 7.64%).

Boulder Home Appreciation Rates

In the last 10 years, Boulder has experienced some of the highest home appreciation rates of any community in the nation. Boulder real estate appreciated 72.46% over the last ten years, which is an average annual home appreciation rate of 5.60%, putting Boulder in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Boulder definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Boulder appreciation rates have trailed the rest of the nation. In the last twelve months, Boulder's appreciation rate has been 3.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boulder were at 1.21%, which equates to an annual appreciation rate of 4.91%.

Notably, Boulder's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Colorado, our data show that Boulder's latest annual appreciation rate is lower than 90% 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 Boulder differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Boulder - 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 2000, to assist you in making the best Boulder real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$871,754

Boulder, CO HOME PRICES

> $1,165,000
22.9%
22.9%
$874,001 - $1,165,000
18.4%
18.4%
$582,001 - $874,000
26.6%
26.6%
$466,001 - $582,000
6.8%
6.8%
$350,001 - $466,000
9.0%
9.0%
$233,001 - $350,000
5.3%
5.3%
$117,001 - $233,000
6.0%
6.0%
$59,001 - $117,000
1.6%
1.6%
$0 - $59,000
3.4%
3.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CO

Value Relative To Nation

Number Of Homes And Apartments:
42,121

Boulder Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
129.85% 4.04%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,187 / per month

Homeownership Rate

Owners
43.4%
43.4%
Renters
56.6%
56.6%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.9%
13.9%
1970 - 1999
50.0%
50.0%
1940 - 1969
28.4%
28.4%
1939 or Older
7.6%
7.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
39.6%
39.6%
Townhomes
7.8%
7.8%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
40.6%
40.6%
Mobile Homes
2.8%
2.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.5%
4.5%
1 Bedroom
17.2%
17.2%
2 Bedrooms
30.7%
30.7%
3 Bedrooms
24.7%
24.7%
4 Bedrooms
16.7%
16.7%
5 or more bedrooms
6.2%
6.2%
0.0% 100.0%
% OF HOMES