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Boulder County, CO

RANK #913 / 996 NAT  ·  #8 / 15 CO  ·  POP 328,658

1YR FORECAST: -1.5%

5YR OUTLOOK: +11%

#40 Best Climate & Terrain
Our model projects Boulder County's housing market at -1.5% over the next year, underperforming most U.S. counties.

[01] Why Boulder County?

Boulder County, Colorado, is distinguished by the iconic Flatirons, dramatic sandstone formations that provide a backdrop to the city of Boulder. Located in north-central Colorado, northwest of Denver, the county offers a blend of urban, suburban, and rural communities. Commuting to Denver is possible via the Flatiron Flyer bus service, which uses express lanes. The community emphasizes an active, outdoor lifestyle, with over 45,000 acres of open space and 150 miles of trails for hiking, biking, and climbing. Eldorado Canyon State Park is a notable destination for rock climbing. The area enjoys a mild climate with over 300 days of sunshine annually.

Life in Boulder County is shaped by its natural amenities and a focus on well-being. The county consistently ranks among the healthiest places in the U.S., partly due to low physical inactivity rates. The Boulder Valley School District and St. Vrain Valley School District serve the area, with schools consistently ranking high in academic performance. The economy is driven by a diverse mix of industries, including aerospace, bioscience, information technology, and natural and organic products, supported by institutions like the University of Colorado Boulder and federal research facilities. Many residents work from home or within the county.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+1.5%

Below national median

Home Prices
-3.1%

Prices declining

Climate & Terrain
5.8

Favorable climate & terrain

Price/Rent
25x

Prices detached from rents

Housing is fairly valued at 6.6x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University of Colorado Boulder Education
    10,000+
  2. 2
    IBM Technology
    5,000+
  3. 3
    Ball Aerospace Manufacturing
    2,500+
  4. 4
    Boulder Valley School District Education
  5. 5
    City of Boulder Government
    1,000+
  6. 6
    Boulder County Government Government
  7. 7
    Qualcomm Technology
  8. 8
    Google Technology
  9. 9
    National Center for Atmospheric Research (NCAR) Government
  10. 10
    Medtronic Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Boulder County U.S. National

The Numbers

DEMOGRAPHICS
Population
328,658
-0.02% YoY
Median Household Income
$99,770
Median Home Value
$671,100
-3.14% 12mo
Median Rent
$1,828
Average Annual Pay
$96,397
+5.1% YoY
Employment
193,920
-0.7% YoY
Income-to-Home-Value
0.1487
Less affordable than average
Migration Inflow
5.49%
of pop. from another state
Bachelor's Degree+
63.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$685,000
Days on Market
85
Slower market
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
97.9%
Negotiation room for buyers
Sold Above List
18.2%
Listings w/ Price Drops
20.8%
Building Permits (2024)
1,680
Single-Family Permits
441

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.2
per 100K · nat avg 6.3
Firearm Fatalities
11.0
per 100K · nat avg 14.8
Injury Deaths
70.7
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
49.7
Good
Good Air Days
52%
570 of 1,095 days
Unhealthy+ Days (3yr)
48
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
52
2022
47
2023
50
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$100M
TOTAL
PROJECT AMOUNT STATUS
Willoughby Corner Affordable Housing
City of Lafayette and Boulder County
$50M Completed
Kestrel Affordable Housing
Boulder County
$50M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.5% 25 percentile
Population Growth -0.0% 29 percentile
Income Growth +7.9% 35 percentile
Vacancy Rate 1.1% 51 percentile
Home Price Change -3.1% 9 percentile
Rent Growth -0.0% 10 percentile
Price/Rent 25x 1 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Boulder County, CO a good place to move to?

The data is not encouraging — Boulder County scores just 8/100 on the Boom Town Index, ranking #913 of 996 counties. Job growth at -0.7% and median household income of $99,770 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Boulder County affordable?

Affordability is a real challenge in Boulder County. The median home is valued at $671,100 — with an income-to-home-value ratio of just 0.15, that's significantly harder to afford than in most U.S. counties. Median rent runs $1,828/month.

Is Boulder County growing or shrinking?

Population and employment in Boulder County are both close to flat — population -0.0% YoY and jobs -0.7%. Home values shifted -3.1% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Boulder County?

In significant numbers — 5.49% of Boulder County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Arapahoe County, CO 10 Denver County, CO 6 El Paso County, CO 6 Jefferson County, CO 6 Weld County, CO 5 Douglas County, CO 4 New Hanover County, NC 8 Charles County, MD 8