Broomfield, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Broomfield Neighborhoods Since 2000




Broomfield, CO Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Broomfield Housing Market Information

With a population of 65,065, 23,531 total housing units (homes and apartments), and a median house value of $406,002, real estate costs in Broomfield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.

Single-family detached homes are the single most common housing type in Broomfield, accounting for 64.52% of the city's housing units. Other types of housing that are prevalent in Broomfield include large apartment complexes or high rise apartments ( 23.38%), row houses and other attached homes ( 7.07%), and a few mobile homes or trailers ( 2.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Broomfield. Owner-occupied housing accounts for 68.03% of Broomfield's homes, and 55.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Broomfield 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 Broomfield built between 2000 and later ( 39.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.62%).

Broomfield Home Appreciation Rates

In the last 10 years, Broomfield has experienced some of the highest home appreciation rates of any community in the nation. Broomfield real estate appreciated 41.08% over the last ten years, which is an average annual home appreciation rate of 3.50%, putting Broomfield in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Broomfield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Broomfield that despite a nationwide downturn in the housing market, Broomfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Broomfield appreciation rates continue to be some of the highest in America, at 10.93%, which is higher than appreciation rates in 95.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Broomfield. Broomfield appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

Importantly, this makes Broomfield one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Broomfield's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Broomfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$406,002

Broomfield, CO HOME PRICES

Value Range
> $1,385,000 0.5
$1,039,001 - $1,385,000 1.3
$692,001 - $1,039,000 11.3
$554,001 - $692,000 10.4
$415,001 - $554,000 21.0
$277,001 - $415,000 34.7
$138,001 - $277,000 15.0
$69,001 - $138,000 0.8
$0 - $69,000 5.1

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
9.22301652408297 22.707423580786

Number Of Homes And Apartments:
23,531

Broomfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
57.83% 2.68% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,229 / per month

Homeownership Rate

Homeownership
Owners 68.03
Renters 31.97
Vacant 4.77

Housing Market Details

 

Age of Homes

AGE OF Broomfield HOMES
2000 or Newer 39.4
1970 - 1999 49.1
1940 - 1969 10.6
1939 or Older 0.9

Types of Homes

TYPE OF Broomfield HOMES
Single-Family 64.5
Townhomes 7.1
Small Apt. Buildings 2.2
Apt. Complexes 23.4
Mobile Homes 2.7
Other 0.1

Home Size

SIZE OF Broomfield HOMES
No Bedroom 1.27
1 Bedroom 10.91
2 Bedrooms 22.79
3 Bedrooms 29.47
4 Bedrooms 25.94
5 or more bedrooms 9.62