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A metro Denver county sees one of nation’s highest rent increases

13 December 2017 by Welton Corridor

“Broomfield County saw one of the greatest increases in gross rent nationally, according to a recent study from the U.S. Census Bureau.

Over a five year period, the study said that the increase was $312 — from $1,105 to $1,417. To put that figure into perspective, the study found the nation overall saw a $21 increase in median gross rent.

The data is accurate but not without caveats, said Mike Van Den Bosch, Broomfield County senior economic development specialist. He said that while the data from the census highlights the pronounced increase in Broomfield, it’s not specific to just the county, but rather the Northwest metro region.

According to Broomfield’s 2017 mid-year economic update, the average apartment rental rate rose 2.7 percent year-over-year to $1,545 per month while metro Denver’s rose 3.6 percent to $1,420.

“Given Broomfield’s structure as a city and county government, this data really reports the increase on a very small political subdivision,” Bosch said. “It’s difficult to use this type of data to compare Broomfield to our neighboring counties because their data generally incorporates rental prices from lower-priced markets.”

Employment growth and wage growth have increased in Broomfield county, according to both the State Demographers Office and the Census Bureau. But the growth in those sectors is not enough to keep up with the rising rental costs, Bosch said. Families renting are feeling the strain.”

read the entire article

McClung, Kelcey. Denver Business Journal 13 December 2017.

Posted in: IN THE NEWS Tagged: affordable, Broomfield, Denver Business Journal, Housing, rent
← Yes, This Is Public Housing: How Denver Housing Authority Is Mixing It Up � and Making Better Homes
“Gentrification moves fast”: A hard look at economic displacement in Denver’s most historic black neighborhood →

About

Informational links, announcements, and media coverage for Denver, Colorado's Welton Corridor neighborhood meetings, development projects, transit issues, Business Improvement District, and community affairs.

Recent Posts

  • Melody Market will close at the end of January. It’s the latest Black-owned business to leave Welton Street 19 January 2023
  • Haroun Cowans, new chair of the Five Points BID, talks the future of Welton Street 16 January 2023
  • Is Five Points dead? Co-owners of a new business have a few things to say about Denver’s historic neighborhood 6 January 2023
  • History Colorado is heading out on a road trip to research and preserve Green Book sites 5 January 2023
  • Marigold, a plant store and bar, to open in Five Points 5 January 2023
  • After temporary hiatus, Coffee at the Point permanently closes 4 January 2023
  • RTD is officially killing its C and F lines after suspending them during the pandemic 14 December 2022
  • Five Points and West Colfax are hoping people stop by to shop and donate 7 December 2022
  • RTD will shut down the L line for two months in the spring 15 November 2022

Upcoming Events

Feb
6
Mon
2023
3:30 pm Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Feb 6 @ 3:30 pm – 8:00 pm
Denver City Council Calendar https://denver.legistar.com/Calendar.aspx Monday Meetings Begin at 3:30 p.m. and recess between 5:00 and 5:30 p.m. for the General Public Comment. The council meeting continues at 5:30 p.m. City Council meetings are open ... [Read more...]
Feb
8
Wed
2023
7:00 pm Heart of Five Points RNO Meeting
Heart of Five Points RNO Meeting
Feb 8 @ 7:00 pm – 8:30 pm
Heart of Five Points webpage https://www.heartoffivepoints.com/ Meetings second Wednesday of the month 7:00 PM
Feb
13
Mon
2023
3:30 pm Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Feb 13 @ 3:30 pm – 8:00 pm
Denver City Council Calendar https://denver.legistar.com/Calendar.aspx Monday Meetings Begin at 3:30 p.m. and recess between 5:00 and 5:30 p.m. for the General Public Comment. The council meeting continues at 5:30 p.m. City Council meetings are open ... [Read more...]
Feb
20
Mon
2023
3:30 pm Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Feb 20 @ 3:30 pm – 8:00 pm
Denver City Council Calendar https://denver.legistar.com/Calendar.aspx Monday Meetings Begin at 3:30 p.m. and recess between 5:00 and 5:30 p.m. for the General Public Comment. The council meeting continues at 5:30 p.m. City Council meetings are open ... [Read more...]
Feb
23
Thu
2023
10:00 pm Curtis Park Ice Festival @ Stout Street Children's Park
Curtis Park Ice Festival @ Stout Street Children's Park
Feb 23 @ 10:00 pm – Feb 24 @ 12:00 am
Cupcakes, hot chocolate, ice sculptures, games and snow cones for kids at the Stout Street Children’s Park, 25th and Stout. Sponsored by Curtis Park Stewards, Curtis Park Neighbors, and Curtis Park Kids.
Feb
27
Mon
2023
3:30 pm Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Feb 27 @ 3:30 pm – 8:00 pm
Denver City Council Calendar https://denver.legistar.com/Calendar.aspx Monday Meetings Begin at 3:30 p.m. and recess between 5:00 and 5:30 p.m. for the General Public Comment. The council meeting continues at 5:30 p.m. City Council meetings are open ... [Read more...]
Mar
2
Thu
2023
6:30 pm Curtis Park Neighbors Public Mee... @ Mile High United Way
Curtis Park Neighbors Public Mee... @ Mile High United Way
Mar 2 @ 6:30 pm – 8:00 pm
  The Curtis Park Neighbors meets at 6:30 pm the first Thursday of every month at Mile High United Way 711 Park Avenue, Denver, CO.   AGENDA   Curtis Park Neighbors website.   Meeting dates ... [Read more...]
Mar
6
Mon
2023
3:30 pm Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Denver City Council Meeting @ Cathy Reynolds City Council Chamber
Mar 6 @ 3:30 pm – 8:00 pm
Denver City Council Calendar https://denver.legistar.com/Calendar.aspx Monday Meetings Begin at 3:30 p.m. and recess between 5:00 and 5:30 p.m. for the General Public Comment. The council meeting continues at 5:30 p.m. City Council meetings are open ... [Read more...]
Mar
8
Wed
2023
7:00 pm Heart of Five Points RNO Meeting
Heart of Five Points RNO Meeting
Mar 8 @ 7:00 pm – 8:30 pm
Heart of Five Points webpage https://www.heartoffivepoints.com/ Meetings second Wednesday of the month 7:00 PM
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