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Boulder real estate market overview
- Average Monthly Rent: $2,349
- Home Price/Value Percentage Change: 1.40%
- Median Home Value: $987,815
- Best Time To Sell a Home: April
- Affordability Index: Moderate
- Days To Sell a House: 36
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Boulder is 30 miles west of Denver, and rests in a basin beneath Flagstaff Mountain. Boulder Creek flows through the center of the city, with waters that come from the Arapaho glacier. Boulder is 5,430 feet above sea level and has over 300 days of sunshine a year. With over 300 miles of trails and 45,000 acres of open space, Boulder is a great city for the outdoor enthusiast. Its close distance to Denver also offers urban amenities, with a small city feel.
Boulder's high elevation creates a mild climate with low humidity. Summer temperatures are in the 80's, with lows in the 60's. Winter temperatures are in the 40's, with lows in the 20's.
Population, job market and cost of living
The population of Boulder in 2023 is 111,508, with a growth rate of 0.98%.
The job growth has decreased by -5.27% and in ten years, is predicted to have increased by 44.44%. University of Colorado is based in Boulder, which holds many academic events and cultural activities. Boulder is also the leading center for scientific and environmental research. Its major industries include aerospace, bioscience, cleantech, IT/software, natural products, tourism and outdoor recreation. The biggest employee companies in the area are Lund Brown Group, Hamamatsu, SDL PLC, Zayo Group and Techstars.
The cost of living is very high, due to the Boulder real estate market and limited available housing.
Boulder real estate market details
- Downtown Boulder
- Mapleton Hill
- East Pearl
- Whittier
- Glenwood Grove - North Iris
The average monthly rent in Boulder is $2,349 for an average apartment size of 825 sq. feet.
There has been a 1.4% increase in median home value over the last year. As of 2023, the median home value is $987,815.
On average, homes in Boulder sell after 36 days on the market.
The best time to sell a home for the highest valued sale is during April. For the quickest sale, homeowners should sell in May.
The affordability index in Boulder is 168. This number indicates low affordability in this city.
The top ranked public schools are Fairview High School, Summit Middle Charter School, Bear Creek Elementary School, High Peaks Elementary School and Superior Elementary School. This information is based on data measuring academic performance and equity.