Broomfield is situated between Denver and Boulder along highway 36 which makes it a great place to live if you work in either city. There are also ample job opportunities within Broomfield with big companies such as Ball Corporation, Vail Resorts and Oracle.
The city is also home to tons of recreation including 3 golf courses, open space and trails and a beautiful community recreation center. It’s location just west of the Rocky Mountains give expansive mountain views and easy access to mountain activities.
Broomfield offers a variety of housing options from affordable starter homes to million dollar mansions with stunning views and apartment, condos and planned communities.
Short-term rentals are permitted in Broomfield if it’s the property owner’s primary residence. The owner must live in the property for more than half the year and the property cannot be rented out more than 20 days a month.
All STRs must have a license and advertisements for the property must include the license number.
Other restrictions on STRs in Broomfield are: dwellings less than 2,000 sq ft have a max. rental count of 4 renters and dwellings with living spaces of 2,500 sq ft have a max. rental count of 8 renters. No more than 4 vehicles associated with short-term renters can be parked at any time at or near the residence.
Cost for a STR license
Max. days rented per month
A perfect middle ground between the income potential of a short-term rental and the stability of a long-term rental. Mid-term rentals are furnished units that are rented to guests for 30+ days. People who seek out mid-term rentals are traveling nurses and professionals on temporary assignment or people displaced from their homes for a duration of time. It’s become a popular investment strategy because in many areas, like Broomfield there is no rental license required. Use services like AirDNA to calculate what your potential rents could be.
Year over year increase in MTR nights sold
No license required for rentals
The “rent by the room” investment strategy involves renting out individual rooms within a single property, such as a house or apartment, rather than leasing the entire unit to a single tenant. This approach has gained traction as it allows investors to maximize rental income by catering to multiple tenants simultaneously. Each tenant pays for their designated room and shares common areas like kitchens and living rooms. This is a popular strategy among house hackers who choose to rent out the rooms in the house they are living in. In Broomfield you’re legally able to house 4 unrelated people in one rental unit.
Average Room Rent
Primary Room Rent
Long-term rentals are a smart strategy for a more hands-off approach and a buy and hold mindset. In an appreciating market, like Broomfield, if the property’s rent can cover the mortgage, plus an additional 10% for vacancies and repairs, then you’re property is increasing in value the longer you hold it. Check out the latest rent estimates on Rent-O-Meter or Zillow to see what your property might get for rents.
Avg. Rent 3 bed / 2 bath
Avg. Rent 2 bed / 1 bath
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