Boulder Colorado’s improving economy, mountain landscapes, and over 300 days of sunshine continue to attract home buyers and renters. In the year ending June 2013, Boulder home prices have risen by 8.5 percent to $454,600, according to Zillow. This amount consists of the median estimated value of all properties in the city, including those that are on sale and those not on the market.
- The median list price is $519,000, up 5.2 percent. The median sale price is $457,900, up 6.7 percent.
- East Chautauqua boasts the highest home values of $799.500, up 7 percent. The greatest increase goes to University Hill at 14.8 percent to $549,600.
- The least expensive values are in Keewaydin at $209,800. The lowest increase is the 1.8 percent of East Aurora to $319,900.
- The median monthly rent in Boulder runs $1,600, up 6 percent from a year ago. The increasing price is forcing many people to put their money into a home rather than spend it on rent. Just under 50 percent of residents are homeowners, compared to over 66 percent for the United States.
About 62 percent of the homes in Boulder consist of single-family homes.
- Over 22 percent of homes consist of 1,000 square feet or less. Over 20 percent are between 1,000 and 1,400 sq. ft. and almost 19 percent are between 1,800 and 2,300 square feet.
- Over 40 percent of homes were built from 1960 to 1979, with 27 percent from 1980 to 1999 and almost 14 percent from 1940 to 1959. Only 9 percent of the homes were constructed in the 21st century.
- The median home size runs 1,598 square feet, with the average one being built in 1971. Property taxes run $2,910 per year.
If you’re interested in learning more about the trends in Boulder home prices or getting into the Boulder housing market as a buyer or a renter, please contact us at Housing Helpers Boulder.