Total monthly cost of ownership
Cost to Own a Home in Broomfield, Colorado
A $632,000 home here costs
$4,497per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,249. The real number is $1,248 higher every month — 38% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Broomfield against Broomfield County and Colorado
| Measure | Broomfield | Broomfield County |
|---|---|---|
| Median home value | $631,600 | $631,600 |
| Median property tax | $3,888 | $3,888 |
| Effective tax rate | 0.616% | 0.616% |
| Median gross rent | $2,074 | $2,074 |
| Population | 75,110 | 75,110 |
The weather behind that power bill
Broomfield sits in Broomfield County, which averages a high of 91.1°F in its hottest month and a low of 19.0°F in its coldest, with 14.51" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 879 cooling and 5,449 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Broomfield County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Broomfield County
No other places of this size are published in Broomfield County.
Full Broomfield County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Broomfield?
A $632,000 home in Broomfield, Colorado costs approximately $4,497 per month with 20% down at 6.66%. That is $3,249 principal and interest, $324 property tax, $183 homeowners insurance, $213 utilities and $527 set aside for maintenance.
What is the property tax rate in Broomfield?
Broomfield has an effective property tax rate of 0.616%, based on a median home value of $631,600 and median real estate taxes of $3,888. That is in line with the Broomfield County average of 0.616%.
What is the average home price in Broomfield?
The median owner-occupied home value in Broomfield, Colorado is $631,600, against $631,600 across Broomfield County.
Is it cheaper to rent or buy in Broomfield?
Median gross rent in Broomfield is $2,074 a month, against $4,497 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Broomfield — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Colorado.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.