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Broomfield real estate market overview
- Average Monthly Rent: $1,937
- Home Price/Value Percentage Change: -2.50%
- Median Home Value: $650,902
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 36
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Broomfield is a little over 18 miles north of Denver and 13 miles southeast of Boulder. With Pikes Peak to the south, Mount Evans to the west, Longs Peak to the northwest and the plains to the east, Broomfield has an agriculture history and a small-town feel. With expansive views, 3 golf courses and parks for outdoor recreation, Broomfield is known for outdoor recreation. Its First Bank Center hosts large concerts, circuses, rodeos, truck races and other community events.
In Broomfield, the summers are warm, and the winters are cold and dry. The high summer temperatures are in the 80's with low temperatures in the 60's. The winter high temperatures are in the low 50's and the low temperatures are in the low 20's.
Population, job market and cost of living
Broomfield's population in 2023 is 79,578, with a growth rate of 2.34%.
The job growth has decreased by -4.96% over last year. Ten-year future predicted job growth is 46.92%. The major industries are Professional, Scientific & Technical Services, Health Care & Social Assistance, and Manufacturing. The largest employers are Ball Corporation, SCL Health and Vail Resorts.
The cost of living is high due to the Broomfield real estate market and high cost of available housing. With its proximity to Denver and Boulder, scenic views, many outdoor recreation trails and parks, good job growth and diverse industries, Broomfield will continue to grow as a suburban community near Denver.
Broomfield real estate market details
- Broadlands
- Applewood
- Interlocken
- Broomfield Heights
- Westlake Village
The average monthly rent in Broomfield is $1,937 for an average apartment size of 911 sq. feet.
There has been a -2.5% decrease in median home value over the last year. As of 2023, the median home value is $650,902.
On average, homes in Broomfield sell after 36 days on the market.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in June.
The affordability index in Broomfield is 134. This number indicates low affordability in this city.
The top ranked public schools are Stargate Charter School, Jefferson Academy High School, Thunder Vista P-8, Legacy High School and Meridian Elementary School. This information is based on data measuring academic performance and equity.