Longmont, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Longmont Neighborhoods Since 2000




Longmont, 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

Longmont Housing Market Information

With 92,038 people, 33,850 houses or apartments, and a median cost of homes of $359,464, real estate costs in Longmont 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 Longmont, accounting for 62.30% of the city's housing units. Other types of housing that are prevalent in Longmont include large apartment complexes or high rise apartments ( 21.14%), row houses and other attached homes ( 7.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.84%).

The most prevalent building size and type in Longmont are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.20% owning and 38.80% renting.

There is a lot of housing in Longmont 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 Longmont built between 2000 and later ( 21.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.09%). There's also some housing in Longmont built before 1939 ( 6.22%).

Longmont Home Appreciation Rates

In the last 10 years, Longmont has experienced some of the highest home appreciation rates of any community in the nation. Longmont real estate appreciated 40.36% over the last ten years, which is an average annual home appreciation rate of 3.45%, putting Longmont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Longmont 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 Longmont that despite a nationwide downturn in the housing market, Longmont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Longmont appreciation rates continue to be some of the highest in America, at 11.27%, which is higher than appreciation rates in 96.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Longmont. Longmont appreciation rates in the latest quarter were at 3.03%, which equates to an annual appreciation rate of 12.69%.

Importantly, NeighborhoodScout’s exclusive research found that Longmont's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Colorado, our data show that Longmont'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 Longmont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Longmont - 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 Longmont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$359,464

Longmont, CO HOME PRICES

Value Range
> $1,415,000 0.7
$1,061,001 - $1,415,000 1.2
$707,001 - $1,061,000 3.7
$566,001 - $707,000 6.4
$425,001 - $566,000 19.6
$283,001 - $425,000 36.4
$142,001 - $283,000 26.7
$71,001 - $142,000 0.8
$0 - $71,000 4.6

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
11.5317004570491 30.1310043668122

Number Of Homes And Apartments:
33,850

Longmont 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
57.81% 2.68% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,398 / per month

Homeownership Rate

Homeownership
Owners 61.20
Renters 38.80
Vacant 3.84

Housing Market Details

 

Age of Homes

AGE OF Longmont HOMES
2000 or Newer 21.2
1970 - 1999 57.5
1940 - 1969 15.1
1939 or Older 6.2

Types of Homes

TYPE OF Longmont HOMES
Single-Family 62.3
Townhomes 7.0
Small Apt. Buildings 6.8
Apt. Complexes 21.1
Mobile Homes 2.6
Other 0.1

Home Size

SIZE OF Longmont HOMES
No Bedroom 2.05
1 Bedroom 10.06
2 Bedrooms 28.31
3 Bedrooms 33.56
4 Bedrooms 18.87
5 or more bedrooms 7.15