How Much You’ll Pay for Housing in Broomfield

The Housing Market in Broomfield Today

For those considering a move to Broomfield, CO, one of the first questions that comes to mind is: should I rent an apartment or buy a house? The decision largely depends on your budget, lifestyle, and long-term plans. But to make an informed choice, it’s crucial to understand the current housing landscape in Broomfield.

In recent years, Broomfield’s housing market has experienced notable changes. Inventory has tightened as more people discover the appeal of this growing Denver suburb. New housing developments are rising downtown and in neighborhoods like Anthem, Arista, and Interlocken, offering a range of options from modern apartments to spacious single-family homes. At the same time, rising demand and limited supply have put upward pressure on both rents and home prices.

As of 2025, the median home price in Broomfield stands at $750,000, reflecting a competitive market for buyers. For renters, the average rent for a one-bedroom apartment is around $1,800 per month, while a two-bedroom typically goes for $2,200 or more. These costs are influenced by factors like location, age of the property, included amenities, and overall market conditions.

Renting in Broomfield: What’s Typical?

Renting is a popular choice for many Broomfield residents, particularly young professionals, new families, and those who value flexibility. As mentioned, the average rent for a one-bedroom apartment in Broomfield is about $1,800 per month as of 2025. For a two-bedroom unit, expect to pay around $2,200 or higher. These figures can vary based on the specific neighborhood, complex amenities, and proximity to downtown or major employers.

In terms of rental trends, Broomfield has seen steady rent growth over the past few years, averaging 3-5% annually. This is largely driven by strong demand from newcomers attracted to the city’s high quality of life, excellent schools, and thriving job market. Popular areas for renters include the Arista and Interlocken neighborhoods, which offer walkable access to shopping, dining, and entertainment options.

It’s worth noting that many newer apartment complexes in Broomfield include utilities like trash and internet in the monthly rent. This can provide some cost savings compared to renting an older unit where you pay for all utilities separately. Additionally, some properties offer move-in specials or discounts that can help offset initial expenses.

Owning a Home in Broomfield

For those considering buying a home in Broomfield, it’s important to understand the full scope of ownership costs. As noted, the median home price in Broomfield as of 2025 is $750,000. Assuming a 20% down payment and a 30-year fixed mortgage at 4% interest, this translates to a monthly mortgage payment of around $2,900. However, that’s just one piece of the equation.

Homeowners in Broomfield also need to budget for property taxes, which average 0.6% of the home’s assessed value annually. On a $750,000 home, that equates to about $4,500 per year or $375 per month. Homeowners insurance is another essential expense, typically costing between $100 to $200 per month depending on the property and coverage level.

Many Broomfield neighborhoods also have Homeowners Association (HOA) fees, which can range from $200 to $500+ per month. These dues often cover exterior maintenance, landscaping, snow removal, and community amenities like pools or fitness centers. While they add to the monthly cost, they also provide services that save owners time and labor.

Renters vs. Homeowners: Who Lives Where?

Broomfield’s homeownership rate stands at around 70% as of 2025, meaning a significant majority of residents own their homes. This is higher than the national average of 64%. Homeownership is most common among older residents, established families, and high-income earners who can afford the upfront costs and qualify for a mortgage.

Renters, on the other hand, make up about 30% of Broomfield households. Renting is more prevalent among younger residents, including single professionals, couples without children, and new transplants to the area. Some retirees also choose to rent for the flexibility and freedom from home maintenance responsibilities.

In terms of where renters and owners tend to live, there are some notable patterns. Newer apartment complexes and townhome communities, like those in Arista and Interlocken, attract a high proportion of renters. Established neighborhoods with primarily single-family homes, such as Broomfield Heights, Lac Amora, and Brandywine, are predominantly owner-occupied.

Table: Typical Monthly Housing Costs in Broomfield

Here’s what housing costs might look like each month in Broomfield:

Estimates reflect mid-range properties and average usage.

What’s Driving Costs Up or Down?

Several key factors influence housing costs in Broomfield. On the demand side, the city’s strong job market, highly rated schools, and appealing quality of life continue to attract new residents. This puts upward pressure on both rents and home prices, especially as supply struggles to keep pace.

In terms of supply, Broomfield has seen steady growth in new housing developments over the past decade. However, zoning regulations and land availability limit how quickly new homes can be built. This constraint on supply, combined with rising construction costs, contributes to higher prices for both new and existing properties.

Policy decisions also play a role. Broomfield’s residential growth management program, which aims to ensure sustainable development and maintain open space, can restrict the pace of new construction. While this helps preserve the city’s character, it may also limit housing options and affordability for some residents.

FAQs About Housing in Broomfield

• Is Broomfield affordable to live in? Broomfield’s housing costs are higher than the national average but on par with other Denver suburbs. Affordability depends on factors like income, housing type, and lifestyle. Consult a monthly budget example for Broomfield residents to gauge expenses.
• Why are housing prices changing? Housing prices in Broomfield are influenced by supply and demand factors, including population growth, job market strength, construction costs, and zoning policies. Learn more about the overall cost of living in Broomfield.
• How does Broomfield compare to nearby cities? Broomfield’s housing costs are similar to neighboring suburbs like Westminster and Louisville. However, it tends to be slightly more affordable than Boulder while offering more upscale options than parts of Thornton or Northglenn.

Making Smart Housing Decisions in Broomfield

Choosing between renting and buying in Broomfield ultimately depends on your unique financial situation, lifestyle preferences, and long-term goals. Renting offers greater flexibility and lower upfront costs, which appeals to many young professionals and new residents. Buying, on the other hand, provides the opportunity to build equity and put down roots in the community.

As you weigh your options, consider major factors like your income stability, savings for a down payment, and appetite for home maintenance. Don’t forget supplemental costs like utilities, insurance, and HOA fees, which can add hundreds to your monthly budget. And regardless of whether you rent or buy, be prepared for competition and act quickly when you find a property you love.

By understanding the nuances of Broomfield’s housing market and planning ahead, you can navigate the rent vs. buy decision with confidence. Take time to explore different neighborhoods, crunch the numbers, and choose the path that aligns with your goals and enhances your quality of life in this vibrant Colorado community.