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Longmont real estate market overview
- Average Monthly Rent: $1,813
- Home Price/Value Percentage Change: -0.90%
- Median Home Value: $551,250
- Best Time To Sell a Home: August
- Affordability Index: Low
- Days To Sell a House: 40
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Longmont is 38 miles north of Denver in northern Colorado. It lies on the St. Vrain River between the South Platte River and the foothills of the Rocky Mountains, at an elevation of 5,000 feet. Longmont has many parks for outdoor recreation including Rabbit Mountain, St. Vrain State Park, Union Reservoir State Park, Lagerman Reservoir and Sandstone Ranch Park.
In Longmont the summers are warm and short, and the winters are cold, windy and dry. The high summer temperatures are in the high 80's with lows in the high 50's. The winter high temperatures are in the mid-40's with low temperatures in the low 20's.
Population, job market and cost of living
The Longmont population in 2023 is 102,671 with a growth rate of 0.80%.
The job growth has decreased by -5.28% over last year. Ten-year future predicted job growth is 44.01%. The major industries are Manufacturing, Retail Trade, and Health Care & Social Assistance. The biggest companies to work for include St. Vrain Valley Schools, Sunrise Medical Inc, CANarchy Craft Brewery Collective, City of Longmont and ARC Group Worldwide.
The cost of living is high due to the Longmont real estate market and the high cost of available housing.
Longmont real estate market details
- Eastside
- Upper Clover Basin
- Longmont Estates
- Sunset
- Loomiller
The average monthly rent in Longmont is $1,813 for an average apartment size of 907 sq. feet.
There has been an -0.9% decrease in median home value over the last year. As of 2023, the median home value is $551,250.
On average, homes in Longmont sell after 40 days on the market.
The best time to sell a home for the highest valued sale is during August. For the quickest sale, homeowners should sell in July.
The affordability index in Longmont is 120. This number indicates moderate affordability in this city.
The top ranked public schools are Blue Mountain Elementary School, Silver Creek High School, Niwot High School, St. Vrain Global Online Academy and Niwot Elementary School. This information is based on data measuring academic performance and equity.