Department of Numbers

Broomfield County Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Broomfield County CO was $1,565 in 2017 according to the Census ACS survey.1 Average gross rent in Broomfield County was $1,592 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Broomfield County median and average rent data will be released in September of 2019.

Data is also available below for Broomfield County rental vacancy rates, Broomfield County rent as a percent of median income and the fraction of renters in Broomfield County.

Show dollars as: Nominal Real

Real Gross Rent in Broomfield County Colorado (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Colorado Median Gross Rent $1,240 +4.29% +18.77%
Broomfield County CO Median Gross Rent $1,565 +2.29%

Broomfield County CO Real Gross Rent Trends

At $1,565, real median gross rent in Broomfield County was at its highest level in 2017 since the series began in 2015. At $1,592, real average gross rent in Broomfield County was at its highest level in 2017 since the series began in 2015.

Real Gross Rent: Broomfield County CO Median, Broomfield County CO Average, Colorado Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Broomfield County

Date US
Median
Colorado
Median
Broomfield County CO
Median
Broomfield County CO
Average
2017 $1,012 $1,240 $1,565 $1,592
2016 $996 $1,189 $1,530 $1,504
2015 $987 $1,143 $1,454 $1,432
2014 $956 $1,044
2013 $924 $992
2012 $912 $964
2011 $912 $943
2010 $927 $935
2009 $931 $941
2008 $947 $974
2007 $899 $898
2006 $909 $929

Historical Rental Vacancy Rate data for Broomfield County

Date US Colorado Broomfield County CO
2017 6.18% 5.18%
2016 5.89% 4.29%
2015 5.85% 4.47%
2014 6.32% 4.85%
2013 6.49% 5.26%
2012 6.77% 5.69%
2011 7.40% 5.63%
2010 8.17% 6.72%
2009 8.43% 8.00%
2008 7.86% 7.45%
2007 7.87% 8.63%
2006 7.70% 8.36%

Rent as a Fraction of Income

Using median household income data for Broomfield County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Broomfield County, median monthly gross rent as a fraction of median household income was 20.65% in 2017 according to the ACS.

Broomfield County Colorado Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Colorado 21.53% +0.14% +1.56%
Broomfield County CO 20.65% -0.79%

Trends in Broomfield County CO Rent as a Fraction of Income

The fraction of median Broomfield County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2015 series origin) at 21.44%. Since then it has fallen by 0.79% to 20.65%.

Fraction of Income towards Rent: Broomfield County CO, Colorado, US

Percent of median household income going towards median monthly gross rent in Broomfield County Colorado

Historical Data for Annual Rent as a Fraction of Income in Broomfield County Colorado

Date US Colorado Broomfield County CO
2017 20.13% 21.53% 20.65%
2016 20.43% 21.39% 21.44%
2015 20.63% 20.86% 19.97%
2014 20.89% 19.97%
2013 20.78% 19.81%
2012 20.65% 19.74%
2011 20.70% 19.50%
2010 20.50% 19.16%
2009 20.12% 18.42%
2008 19.00% 17.85%
2007 18.66% 17.13%
2006 18.90% 17.99%

Renter Fraction in Broomfield County Colorado

You can calculate the renter fraction in Broomfield County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Broomfield County as a fraction of total Broomfield County households. In 2017 32.86% of households were renters according to Census ACS data.

Broomfield County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Colorado 34.80% -0.44% -1.34%
Broomfield County CO 32.86% -2.41%

Trends in the Broomfield County CO Renter Fraction

The Broomfield County household renter fraction peaked in in 2016 at 35.27% and is now 2.41% below that level. The origin year for the series is 2015.

Fraction of Renting Households: Broomfield County CO, Colorado, US

Fraction of renters in Broomfield County

History of Broomfield County Renter Fraction

Date US Colorado Broomfield County CO
2017 36.13% 34.80% 32.86%
2016 36.88% 35.24% 35.27%
2015 36.97% 36.25% 34.08%
2014 36.90% 36.14%
2013 36.50% 35.49%
2012 36.09% 35.97%
2011 35.42% 35.62%
2010 34.65% 34.06%
2009 34.13% 32.99%
2008 33.36% 32.51%
2007 32.80% 31.17%
2006 32.73% 31.27%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.