Home Value Trail

Metro areas › Boulder, CO

Metropolitan area

Boulder, CO

Colorado · 1 county · 328,560 residents (2025 est.)

FHFA quarterly index through 2026 Q2Annual index 1975–2025Permits through August 2026
FHFA house price index for Boulder, CO, quarterly from 1978 to 2026 Q2, with the national index rebased to the same start and NBER recessions shadedRecession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 2020020040060019801990200020102020United StatesPeak 2025: 4832026: 472
Boulder (100 = first year)United States, rebased to the same startNBER recessionPeak before the latest quarter value

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line above is FHFA's standard quarterly all-transactions index for the metropolitan area; the comparison table below uses FHFA's annual CBSA index, which FHFA describes as developmental. The index does not give a dollar value for any home.

The Boulder, CO metropolitan area covers 1 county. Its FHFA house price index, starting in 1975, stood at 1773 in 2025, +1673.0% above the base of 100.

The standard quarterly index for the area, published through 2026 Q2, is −2.3% on a year earlier and −1.5% on the previous quarter.

Over the ten years to 2025 the annual index rose +85.7% (+6.4% a year), below Colorado at +93.3% and close to the national +85.0%.

Across its counties, 1,696 housing units were authorised in the 12 months to August 2026, 5.2 per 1,000 residents, −22.1% on the previous 12 months.

−2.3%year to 2026 Q2, quarterly indexUS +3.0%
−0.1%1 year, 2024–2025US +2.8%
+35.3%5 yearsUS +47.0%
+85.7%10 years+6.4% a year annualised
+188.8%since 2000US +158.3%
1,696units permitted, 12 months5.2 per 1,000 residents

Same span, three levels

Change in the FHFA indexBoulderColoradoUnited States
1 year (2024–2025)−0.1%+0.1%+2.8%
5 years (2020–2025)+35.3%+37.8%+47.0%
10 years (2015–2025)+85.7%+93.3%+85.0%
20 years (2005–2025)+134.9%+131.2%+79.1%
Since 2000+188.8%+184.6%+158.3%
Since 1975+1673.0%+1269.0%+960.7%
10-year annualised+6.4%+6.8%+6.3%
20-year annualised+4.4%+4.3%+3.0%

FHFA annual all-transactions indexes over identical years.

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)+39.9%+68.2%
1990s (1990–2000)+123.9%+33.9%
2000s (2000–2010)+25.2%+29.7%
2010s (2010–2020)+70.4%+35.5%
2020s so far (2020–2025)+35.3%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.

Peak-to-low declines

No decline of 5% or more from a peak appears in the annual index for this area.

Building permits across the area

Housing units authorised in the area's county (OMB July 2023 delineations), summed from county files.

Housing units authorised in the Boulder, CO area by month, latest 12 months0200400600Sep 2025: 98 units (20 single-family, 78 in multi-unit buildings)Sep 2025Oct 2025: 132 units (22 single-family, 110 in multi-unit buildings)Oct 2025Nov 2025: 124 units (20 single-family, 104 in multi-unit buildings)Nov 2025Dec 2025: 171 units (25 single-family, 146 in multi-unit buildings)Dec 2025Jan 2026: 22 units (22 single-family, 0 in multi-unit buildings)Jan 2026Feb 2026: 49 units (49 single-family, 0 in multi-unit buildings)Feb 2026Mar 2026: 490 units (23 single-family, 467 in multi-unit buildings)Mar 2026Apr 2026: 51 units (51 single-family, 0 in multi-unit buildings)Apr 2026May 2026: 285 units (29 single-family, 256 in multi-unit buildings)May 2026Jun 2026: 99 units (73 single-family, 26 in multi-unit buildings)Jun 2026Jul 2026: 135 units (35 single-family, 100 in multi-unit buildings)Jul 2026Aug 2026: 40 units (40 single-family, 0 in multi-unit buildings)Aug 2026

Housing units authorised in the Boulder, CO area by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in the Boulder, CO area by month, latest 60 months0200400600Sep 2021: 0 units (0 single-family, 0 in multi-unit buildings)Sep 2021Oct 2021: 0 units (0 single-family, 0 in multi-unit buildings)Nov 2021: 0 units (0 single-family, 0 in multi-unit buildings)Dec 2021: 0 units (0 single-family, 0 in multi-unit buildings)Jan 2022: 83 units (26 single-family, 57 in multi-unit buildings)Feb 2022: 59 units (27 single-family, 32 in multi-unit buildings)Mar 2022: 130 units (30 single-family, 100 in multi-unit buildings)Apr 2022: 112 units (41 single-family, 71 in multi-unit buildings)May 2022: 77 units (44 single-family, 33 in multi-unit buildings)Jun 2022: 103 units (51 single-family, 52 in multi-unit buildings)Jul 2022: 104 units (49 single-family, 55 in multi-unit buildings)Aug 2022: 136 units (43 single-family, 93 in multi-unit buildings)Sep 2022: 200 units (66 single-family, 134 in multi-unit buildings)Sep 2022Oct 2022: 164 units (99 single-family, 65 in multi-unit buildings)Nov 2022: 206 units (69 single-family, 137 in multi-unit buildings)Dec 2022: 265 units (83 single-family, 182 in multi-unit buildings)Jan 2023: 206 units (76 single-family, 130 in multi-unit buildings)Feb 2023: 101 units (56 single-family, 45 in multi-unit buildings)Mar 2023: 126 units (102 single-family, 24 in multi-unit buildings)Apr 2023: 118 units (63 single-family, 55 in multi-unit buildings)May 2023: 173 units (86 single-family, 87 in multi-unit buildings)Jun 2023: 139 units (71 single-family, 68 in multi-unit buildings)Jul 2023: 180 units (86 single-family, 94 in multi-unit buildings)Aug 2023: 90 units (57 single-family, 33 in multi-unit buildings)Sep 2023: 131 units (59 single-family, 72 in multi-unit buildings)Sep 2023Oct 2023: 120 units (53 single-family, 67 in multi-unit buildings)Nov 2023: 74 units (36 single-family, 38 in multi-unit buildings)Dec 2023: 45 units (26 single-family, 19 in multi-unit buildings)Jan 2024: 67 units (36 single-family, 31 in multi-unit buildings)Feb 2024: 99 units (51 single-family, 48 in multi-unit buildings)Mar 2024: 96 units (50 single-family, 46 in multi-unit buildings)Apr 2024: 47 units (33 single-family, 14 in multi-unit buildings)May 2024: 87 units (37 single-family, 50 in multi-unit buildings)Jun 2024: 99 units (85 single-family, 14 in multi-unit buildings)Jul 2024: 90 units (48 single-family, 42 in multi-unit buildings)Aug 2024: 114 units (46 single-family, 68 in multi-unit buildings)Sep 2024: 119 units (35 single-family, 84 in multi-unit buildings)Sep 2024Oct 2024: 379 units (44 single-family, 335 in multi-unit buildings)Nov 2024: 266 units (29 single-family, 237 in multi-unit buildings)Dec 2024: 109 units (34 single-family, 75 in multi-unit buildings)Jan 2025: 76 units (52 single-family, 24 in multi-unit buildings)Feb 2025: 74 units (44 single-family, 30 in multi-unit buildings)Mar 2025: 218 units (50 single-family, 168 in multi-unit buildings)Apr 2025: 93 units (46 single-family, 47 in multi-unit buildings)May 2025: 102 units (46 single-family, 56 in multi-unit buildings)Jun 2025: 56 units (22 single-family, 34 in multi-unit buildings)Jul 2025: 123 units (21 single-family, 102 in multi-unit buildings)Aug 2025: 562 units (59 single-family, 503 in multi-unit buildings)Sep 2025: 98 units (20 single-family, 78 in multi-unit buildings)Sep 2025Oct 2025: 132 units (22 single-family, 110 in multi-unit buildings)Nov 2025: 124 units (20 single-family, 104 in multi-unit buildings)Dec 2025: 171 units (25 single-family, 146 in multi-unit buildings)Jan 2026: 22 units (22 single-family, 0 in multi-unit buildings)Feb 2026: 49 units (49 single-family, 0 in multi-unit buildings)Mar 2026: 490 units (23 single-family, 467 in multi-unit buildings)Apr 2026: 51 units (51 single-family, 0 in multi-unit buildings)May 2026: 285 units (29 single-family, 256 in multi-unit buildings)Jun 2026: 99 units (73 single-family, 26 in multi-unit buildings)Jul 2026: 135 units (35 single-family, 100 in multi-unit buildings)Aug 2026: 40 units (40 single-family, 0 in multi-unit buildings)

Housing units authorised in the Boulder, CO area by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in the Boulder, CO area by year, 1995–202502,0004,0001995: 2,116 units (2,116 single-family, 0 in multi-unit buildings)19951996: 1,752 units (1,752 single-family, 0 in multi-unit buildings)1997: 2,373 units (2,373 single-family, 0 in multi-unit buildings)1998: 2,941 units (2,941 single-family, 0 in multi-unit buildings)1999: 2,992 units (2,339 single-family, 653 in multi-unit buildings)2000: 2,780 units (2,474 single-family, 306 in multi-unit buildings)20002001: 3,321 units (1,916 single-family, 1,405 in multi-unit buildings)2002: 1,717 units (1,352 single-family, 365 in multi-unit buildings)2003: 1,428 units (1,157 single-family, 271 in multi-unit buildings)2004: 1,372 units (1,125 single-family, 247 in multi-unit buildings)2005: 1,141 units (816 single-family, 325 in multi-unit buildings)20052006: 746 units (453 single-family, 293 in multi-unit buildings)2007: 635 units (397 single-family, 238 in multi-unit buildings)2008: 1,022 units (305 single-family, 717 in multi-unit buildings)2009: 345 units (136 single-family, 209 in multi-unit buildings)2010: 657 units (276 single-family, 381 in multi-unit buildings)20102011: 661 units (390 single-family, 271 in multi-unit buildings)2012: 1,295 units (471 single-family, 824 in multi-unit buildings)2013: 1,625 units (591 single-family, 1,034 in multi-unit buildings)2014: 1,371 units (560 single-family, 811 in multi-unit buildings)2015: 1,249 units (768 single-family, 481 in multi-unit buildings)20152016: 1,849 units (716 single-family, 1,133 in multi-unit buildings)2017: 1,667 units (808 single-family, 859 in multi-unit buildings)2018: 2,954 units (899 single-family, 2,055 in multi-unit buildings)2019: 1,650 units (742 single-family, 908 in multi-unit buildings)2020: 1,634 units (573 single-family, 1,061 in multi-unit buildings)20202021: 1,237 units (343 single-family, 894 in multi-unit buildings)2022: 1,642 units (661 single-family, 981 in multi-unit buildings)2023: 1,642 units (791 single-family, 851 in multi-unit buildings)2024: 1,680 units (441 single-family, 1,239 in multi-unit buildings)2025: 2,001 units (428 single-family, 1,573 in multi-unit buildings)2025

Housing units authorised in the Boulder, CO area by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026This areaColoradoUnited States
Housing units authorised1,69633,0931,418,086
Units per 1,000 residents5.25.54.1
Single-family share24%53%63%
Change on previous 12 months−22.1%+1.5%−0.1%

Counties in the area

Ranked by ten-year change in FHFA's county index to 2025; permits are the latest 12 months.

CountyState1 year10 yearsUnits, 12 monthsPer 1,000
Boulder CountyCO−0.1%+85.7%1,6965.2

Questions and answers

How much have home values in the Boulder, CO area risen over 10 years?

The FHFA annual index rose +85.7% between 2015 and 2025, about +6.4% a year. Over 20 years: +134.9%; since 2000: +188.8%. The quarterly index is −2.3% on a year earlier as of 2026 Q2.

Which counties in the Boulder, CO area rose most?

By ten-year change to 2025: Boulder County (+85.7%).

What happened to Boulder, CO prices after 2007?

The area index shows no decline of 5% or more from a 2005–2008 peak; nationally the fall was −21.3%.

How many homes are being built in the Boulder, CO area?

1,696 housing units were authorised across the area's counties in the 12 months to August 2026, 24% of them single-family, 5.2 per 1,000 residents.

Where does this data come from?

FHFA's annual CBSA house price index (developmental, updated March 31, 2026) and its standard quarterly metropolitan index; Census Bureau building permits summed over member counties (OMB July 2023 delineations) through August 2026; vintage 2025 population estimates.

Provenance

Index: Federal Housing Finance Agency, annual house price index for core based statistical areas (all-transactions, developmental), last updated March 31, 2026, values 1975–2025; quarterly metropolitan area index (all-transactions) through 2026 Q2. Permits: Census Bureau Building Permits Survey county files through August 2026, summed over member counties from OMB's July 2023 delineations. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.