Real Estate Investing in Broomfield, Colorado (80023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80023 (Broomfield, CO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 33.4 — hard to cash-flow at these prices.
What’s happening in Broomfield, CO (80023)?
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Market Analysis: 80023 Broomfield
The 80023 ZIP in Broomfield, CO is a local-operator market. Outside capital chasing a $823K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 80023 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader CO picture, 80023 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 26,466 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 80023 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Broomfield:
Property Strategy for 80023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $609,886 | $2,410 | 2.8% | +4.9% | $304,943 |
| 3BR | $686,997 | $3,150 | 3.3% | +5.4% | $228,999 |
| 4BR | $880,340 | $3,520 | 2.9% | +5.8% | $220,085 |
| 5BR | $1,092,533 | — | — | +6.6% | $218,507 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80023 Compare?
| Metric | 80023 | Broomfield | Denver-Aurora-Lakewood, CO | Colorado |
|---|---|---|---|---|
| Home Value | $823,007 | $697,557 | N/A | $535,778 |
| 5-Year CAGR | 2.8% | 2.5% | N/A | 4.9% |
| Avg Rent | $2,054 | $2,097 | N/A | - |
| Cap Rate | 2.0% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 80023 (Broomfield, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $823,007 |
| Monthly Rent | $2,054 |
| Price-to-Rent | 33.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 80023
Population: 26,466
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 80023
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 10,611 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Broomfield, CO?
Median home price in Broomfield, CO is near $823K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is Broomfield, CO good for house hacking?
House hacking works a challenging in Broomfield, CO. Rents of $2,054/mo against $823K acquisition make the strategy solid for owner-occupants.
Which investment style suits Broomfield, CO?
Broomfield, CO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($823K prices, $2,054/mo rents) make it a reasonable choice.
Should investors consider Broomfield, CO?
Our data puts Broomfield, CO at 2.0/5 for investability. Home prices of $823K and rents around $2,054/mo create a solid backdrop for investor activity.
How qualified is the tenant pool in Broomfield, CO?
Broomfield, CO offers a even-keeled renter base at the $2,054/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 80023 now. You don’t know where it ranks.
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How 80023 ranks in Denver-Aurora-Lakewood, CO
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