Boulder is a hot real estate market for investors right now. But it’s important to know how its rental pricing rules differ from those in other real estate markets.
As a general rule, Boulder’s homes are priced by the number of bedrooms rather than the unit as a whole. This is mainly because the city has such a high population of university students who need room and house rentals.
This steady renter supply is not the only thing attracting investors: Boulder is gaining investor interest because of its bright economic outlook.
See what a typical Boulder investment property looks like – and how it compares in price with other markets:
Here are some general rental pricing rules of thumb: In Boulder, each bedroom is priced in the range of $600 to $700 a month, making the value of a median priced three bedroom home somewhere between $300,000 to $400,000. As real estate investments go, many find Boulder a real winner as signs of economic recovery begin to show.
Is the Boulder real estate market a good investment for you? Contact David Gerlitz at Progressive Real Estate and Investment: 720-306-8017.