Broomfield, Colorado Housing Market Prices
Updated
Broomfield Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 42% above the Colorado median$685,602
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Median rent 21% above the Colorado median$2,125
Housing Market Overview
| Metric | Broomfield | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $685,602 | $484,034 | $248,835 |
| Price Trend (Annual %) | 20.3% | 10.4% | 7.5% |
| Median Gross Rent | $2,125 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Broomfield is about 42% higher than in Colorado. Rent is about 21% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Broomfield, up about 20.3% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Broomfield rose about 59.2% between 2015 and 2024, from $1,335 to $2,125. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Broomfield.
Buying the median-priced home in Broomfield costs roughly 26.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Broomfield. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Broomfield | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $685,602 | $484,034 | $248,835 |
| Median Household Income | $123,900 | $95,803 | $80,455 |
| Price-to-Income Ratio | 5.5 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Broomfield rose about 197.4%, while median household income rose about 41.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Broomfield | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 60.7% | 58.5% |
| Rental Rate | 35.6% | 31.0% | 31.2% |
| Vacancy Rate | 4.3% | 8.3% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Broomfield has a homeownership rate of 60.0%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 4.3%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Broomfield | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1997 | 1985 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Broomfield was built around 1997. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 12.0 years on average.
Broomfield, CO Housing Compared With Nearby Cities
How Broomfield, CO compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Broomfield, CO | 76,293 | $685,602 #1/3 | $2,125 #1/3 | 62.7% #2/3 |
| Westminster, CO | 115,024 | $575,108 | $1,915 | 65.2% |
| Northglenn, CO | 36,757 | $457,042 | $1,728 | 57.8% |
Frequently Asked Questions
Common questions about the housing market in Broomfield, Colorado.
What is the median home price in Broomfield, Colorado?
The median home price in Broomfield, Colorado is $685,602, higher than the Colorado average of $484,034.
What is the average home price in Broomfield, Colorado?
The typical home price in Broomfield, Colorado, reported as the median sale price, is $685,602. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Broomfield, Colorado?
The median gross rent in Broomfield, Colorado is $2,125 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Broomfield in 2020?
In 2020, the median gross rent in Broomfield, Colorado was $1,710 per month.
What is the price-to-rent ratio in Broomfield, Colorado?
The price-to-rent ratio in Broomfield, Colorado is about 26.9, meaning it would take roughly 26.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Broomfield.
Are home prices or rent rising faster in Broomfield, Colorado?
Both home prices and rent are rising in Broomfield, up about 20.3% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Broomfield, Colorado?
60.0% of households in Broomfield, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Broomfield, Colorado?
The housing vacancy rate in Broomfield, Colorado is 4.3%, lower than the Colorado average of 8.3%.
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