For the sixth year straight, Boulder’s housing market is one of the nation’s top three for growth and stable prices, according to SmartAsset’s annual analysis of best housing markets for growth and stability.
In fact, Boulder was the No. 1 in the nation up until this year, when it moved to No. 3 – no small feat since the time period analyzed spans 1995 to 2019, years that have included good economic times and bad. In the 2020 report, SmartAsset reports Boulder has had 251 percent price growth since 1995.
For Colorado home buyers in Boulder and No. 6 ranked Fort Collins, that news is just what you want to hear. When you buy a house, one factor to consider is the expected long-term value of the home – and on this score, chances of a price decline in the Boulder metro area is a home buyer’s dream. The study shows Boulder has a zero percent chance of a 5 percent drop in housing price in the 10 years after a home was purchased, within the 25 years from 1995 to 2019. Overall home price growth is the 15th-highest growth rate across all 357 metro areas in the study, reports SmartAsset.
Factors cited in previous studies for making Boulder an attractive place to buy are a wealth of outdoor recreational activities and proximity to the University of Colorado.
Fort Collins dropped to No. 6 from No. 4 last year, but climbed from No. 11 in 2015. With 215 percent housing price growth, it is the 31st highest out of all 357 metro areas in this study. The city has strong stability with a two percent chance that housing prices will decline in the near term.
Rounding the top three are two Texas metros – No. 1 Midland and No. 2 Austin-Round Rock-Georgetown. Both areas share Boulder’s fortune with a zero percent chance of house price decline and housing price growth of 287 and 254 percent, respectively.
This is SmartAsset’s sixth look at the best housing markets for growth and stability. Home value data was compared in 357 metro areas for every quarter during the 25-year period from Quarter 1 of 1995 through Quarter 4 of 2019.
For the full article and analysis methodology, smartasset.com/mortgage/best-housing-markets-for-growth-and-stability-2020.
By Tom Kalinski. Tom is the broker/owner of RE/MAX of Boulder, the local residential real estate company he established in 1977. He was inducted into Boulder County’s Business Hall of Fame in 2016 and has a 40-year background in residential and commercial real estate. For questions, e-mail Tom at [email protected], call 303.441.5620, or visit boulderco.com.