Broomfield County Market Trends
Median Value of Occupied Housing Units in Broomfield County, Colorado Over the Last 8 Years
Over the past 8 years, median home values in Broomfield County, Colorado, surged from $295,500 in 2015 to $581,600 in 2022. This growth has consistently outpaced both Colorado's state-wide averages, which saw values rise from $247,800 to $465,900, and national trends where median home values increased from $125,500 to $179,400. For potential investors or movers, Broomfield County's rapid appreciation in home values may signal strong future growth and heightened desirability.
Residential Energy Tax Credit Per Tax Return in Broomfield County, CO Over the Last 9 Years
Broomfield County, Colorado has experienced significant fluctuations in residential energy tax credits per tax return over the last nine years. Starting in 2013 with a modest average of $340.00, there's been a noticeable rise with peaks like $4,904.17 in 2018 and $2,956.76 most recently in 2021. These increases suggest notable investments in energy-efficient home upgrades and renewable energy installations, making it an attractive area for eco-conscious homeowners and investors interested in sustainable living initiatives. The substantial credits can potentially offset investment costs in energy-efficient technologies, appealing to those prioritizing environmental impact and long-term savings.
Average Real Estate Taxes Per Tax Return in Broomfield County, CO Over the Last 10 Years
Broomfield County, Colorado has seen a noticeable climb in average real estate taxes per tax return over the last decade, jumping from approximately $2,607.74 in 2012 to around $5,353.99 in 2021. This trend could signal upward pressures in property values and increased local government funding needs, possibly reflecting higher demand for housing and better municipal services. For investors and new residents, it's worth considering how the rising taxes might affect long-term property costs.
Percentage of Farm Returns in Broomfield County, CO Over the Last 10 Years
The trend in farm tax returns for Broomfield County, Colorado over the past decade reveal a general decline, starting from approximately 0.21% in 2012 and hovering around 0.15% to 0.18% in the final years. Farm tax returns represent the portion of tax revenue or refunds linked to agricultural activities. For investors and potential residents, this decline might suggest either a shrinkage in farm-based activities or a shift towards other economic sectors. This could influence decisions regarding agricultural investments, property developments, and lifestyle choices in the county.
Number of Mortgages by Occupancy Type in Broomfield County, CO Over the Last 5 Years in Broomfield County
Broomfield County, Colorado has seen fluctuating trends in the number of mortgages for different occupancy types over the past five years. Principal residences consistently dominate the market, but there has been a noticeable decline from 10,052 in 2020 to 4,162 in 2022. Investment properties also peaked in 2021 but dropped significantly by 2022. Second residences have remained relatively stable but are the smallest segment. These trends might impact investment decisions, as the decreasing mortgage counts for principal residences could indicate a shifting demand and possibly influence property values and rental markets. Real estate agents, appraisers, and insurance agents might find these shifts crucial for understanding market conditions and advising clients effectively.
Economic Outlook
Average Taxable Income per Tax Return in Broomfield County, CO over the last 9 years
Over the past nine years, Broomfield County, CO has seen a consistent rise in average taxable income per tax return, climbing from $82,095.10 in 2013 to a notable $125,853.90 in 2021. This upward trend points to a growing and increasingly affluent population, making Broomfield County a promising area for real estate investments and new business ventures. The steady increase in income levels also suggests a robust local economy, likely supported by high-paying job opportunities and amenities that attract wealthier residents.
Average State and Local Income Taxes Per Tax Return in Broomfield County, CO Over the Last 10 Years
Over the past decade, Broomfield County, CO has seen a significant increase in average state and local income taxes per tax return. Starting at $5,358.05 in 2012 and rising steadily to $11,495.53 in 2021, this upward trend reflects growing fiscal demands. This information is crucial for prospective residents and current inhabitants who need to consider the financial implications of living in Broomfield County.
Average Total Tax Liability Per Tax Return in Broomfield County, CO Over the Last 10 Years
In the last decade, Broomfield County, Colorado has experienced a steady rise in average total tax liability per tax return, starting at $12,644.27 in 2012 and skyrocketing to $23,898.93 by 2021. This substantial increase highlights the growing affluence and possibly the rising property values in the area, making it an interesting spot for real estate investors and those considering relocation. As tax liability tends to correlate with income levels and property prices, expect continued interest from both high-income households and developers looking to capitalize on the county's economic trajectory.
Cost of Living in Broomfield County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,878 | $1,661 | $1,479 | $2,769 | $2,559 |
| 1 adult 4 children | $2,878 | $1,356 | $1,141 | $2,769 | $2,636 |
| 2 adults 3 children | $2,878 | $1,357 | $1,278 | $2,769 | $2,312 |
| 1 adult 3 children | $2,878 | $1,108 | $940 | $2,769 | $2,442 |
| 2 adults 2 children | $2,181 | $1,111 | $1,077 | $2,411 | $1,778 |
| 1 adult 2 children | $2,181 | $830 | $739 | $2,411 | $1,896 |
| 2 adults 1 child | $2,181 | $878 | $876 | $1,250 | $1,331 |
| 1 adult 1 child | $2,181 | $567 | $538 | $1,250 | $1,381 |
| 2 adults | $1,807 | $705 | $675 | $0 | $934 |
| 1 adult | $1,633 | $385 | $338 | $0 | $867 |
Safety trends & Data
Property Crime Trends in Broomfield County, CO Over the Last 5 Years
Over the past five years, Broomfield County, Colorado has seen varying trends in property-related crimes. Larceny-theft, consistently the most prevalent type, has fluctuated, peaking at 366.0 incidents in 2019 before declining to 142.0 in 2022. Motor vehicle thefts and burglaries have shown unpredictable patterns but generally lower occurrences compared to larceny-theft. Fraud and vandalism rates have remained relatively steady, with minor increases and decreases, while less common crimes like arson and stolen property incidents have seen sporadic activity. This data is essential for potential investors, real estate agents, and residents as it highlights the general safety and risks associated with property crimes in the area.
Demographics
Broomfield County, Colorado presents a nearly balanced gender distribution among its adult population, with a slight tilt towards females. Educational attainment reveals that a substantial segment hold bachelor's degrees, making the area potentially appealing for employers seeking a well-educated workforce. The age distribution skews younger, with a significant number of residents in their late 20s to mid-30s, which could influence trends in housing demand and family services. The population is... Read more
Race Distribution in Broomfield County, Colorado (2022)
Educational Attainment in Broomfield County, Colorado (2022)
Age Distribution in Broomfield County, Colorado
Citizen Population in Broomfield County, Colorado (2022)
Political Trends & Data
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Broomfield County in Colorado may have shown a notable preference for the Democratic party in the 2020 presidential election, with Democrats possibly receiving around 62% of the votes. Republicans seemed to trail significantly, capturing roughly 35% of the vote. Minor parties such as the Libertarians and Greens possibly made up smaller fractions, indicating a competitive but somewhat polarized political landscape. This distribution might reflect broader state or national trends where urban or suburban areas lean Democrat while rural areas might lean Republican.
34.94% of voters voted for the Republican party in the 2020 Presidential Election
62.35% of voters voted for the Democrat party in the 2020 Presidential Election
1.66% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.82% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratio in Broomfield County, Colorado over the last 10 years
Over the last decade, Broomfield County, Colorado has consistently had a student-to-teacher ratio hovering around 20, significantly higher than the current national average of 14 students per teacher. Notably, while there was a marked decrease starting in 2020, with ratios dropping below 19, the figures have not yet converged with the national norm. For potential residents or investors, this disparity may indicate larger class sizes, which could impact educational quality and demand for private schooling options. Appraisers, insurance agents, and real estate professionals should note that such trends could influence property values and neighborhood attractiveness for families with school-aged children.
