Broomfield, CO—80023
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Broomfield, CO
Home Price Trends — Broomfield, CO
As of Oct '25, the median home price in Broomfield, CO is $813,000, with a year-over-year change of -1.5%. This indicates that home prices in Broomfield, CO are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $813,000 | -1.5% |
| Single Family | $835,000 | -1.5% |
| Condos | $437,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $610,000 | -1.9% |
3 Bed | $687,000 | -1.9% |
4 Bed | $880,000 | -1.8% |
| 5 Bed | $1,093,000 | -1.0% |
% of Housing Stock
Rental Trends — Broomfield, CO
As of July '25, Rentcast reports the average rent in Broomfield, CO is $3,020, with a year-over-year rent change of 18.4%. Per bedroom, the median rent as of July '25 in Broomfield, CO is studios: $1,550, 1-bedrooms: $1,640, 2-bedrooms: $2,720, 3-bedrooms: $3,190, 4-bedrooms: $3,740. The most common rental property sizes in Broomfield, CO are 2-bedroom and 1-bedroom, accounting for 38.6% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,020 |
| Studio Rent | $1,570 | $1,550 |
| 1 Bed Rent | $1,640 | $1,640 |
| 2 Bed Rent | $2,650 | $2,720 |
| 3 Bed Rent | $3,000 | $3,190 |
| 4 Bed Rent | $3,800 | $3,740 |
% of Rental Stock
Property Listings — Broomfield, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Broomfield, CO is 61. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $774,000 | -3.0% |
Listing Count | 175 | 25.0% |
| Listings as % of Homes | 0.8% | 25.0% |
Days on Market | 61 | 19.0% |
Demographics — Broomfield, CO
As of the latest ACS Survey released in 2023, Broomfield, CO has a population of 26,500, which has increased by 23.9% over the past 5 years. Broomfield, CO is a popular place for families, as children make up 26.2% of the population. The area has a highly educated workforce, with 67.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,500 | 23.9% |
% Under 18 | 26.2% | -6.4% |
% Seniors | 14.8% | -10.3% |
% WFH | 31.6% | 112.1% |
% w/ College Degree | 67.6% | 5.0% |
As of the latest ACS Survey released in 2023, Broomfield, CO is a predominantly white area, with 75.9% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Broomfield, CO is asian, making up 9.7% of the population. Foreign-born residents account for 10.5% of the population in Broomfield, CO, and this percentage has increased by 6.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.9% | -1.6% |
% Black | 1.4% | -22.2% |
% Hispanic | 7.1% | -22.8% |
% Asian | 9.7% | 6.6% |
% Foreign Born | 10.5% | 6.1% |
Mortgage and Risk — Broomfield, CO
According to HUD data as of 2023, there were 726 mortgage originations in Broomfield, CO, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Broomfield, CO. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 726 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Broomfield, CO
As of 2024, the percent of homes in Broomfield, CO under the Section 8 program is 1.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Broomfield, CO, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,640 | $2,110 |
| 2 Bedroom | -$130 | $2,650 | $2,520 |
| 3 Bedroom | $290 | $3,000 | $3,290 |
| 4 Bedroom | -$120 | $3,800 | $3,680 |
Affordability — Broomfield, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $813,000 |
| Median Household Income | $160,000 |