powered by 1st Advantage Mortgage / Company NMLS #2468711704-343-8681
704-343-8681 Get a DSCR quote Apply now

Home / States / Colorado / Longmont

Colorado market guide

DSCR loans in Longmont, CO

Rental financing for Longmont investors, qualified on the property's rent.

In short

A DSCR loan in Longmont turns on rent versus payment. Citywide medians from the Census are $1,816 a month for rent, $572,800 for home value and $2,940 a year for real estate taxes.

Local data for Longmont investors

Renters who pay cash rent in Longmont have a median gross rent of $1,816 a month, close to the Colorado median of $1,761, while owner-occupied homes carry a median value of $572,800. Put the two medians together and Longmont shows a gross yield of 3.8%, a lean ratio that leaves little room for taxes, insurance and dues. Because the rent number covers apartments as well as houses, expect single-family rentals to land above or below it.

IndicatorColoradoLongmontDifference
Households that rent33.8%37.5%+11%
Tax as a share of home value0.48%0.51%+6%
Household income, median$95,470$90,671-5%
Typical monthly rent$1,761$1,816+3%
Persons per household2.422.33
Share in 2-4 unit buildings4.7%5.1%+8%
Share of homes detached61.4%59.3%-4%
Long commuters, 45 min plus14.1%14.1%-0%
Degree holders, age 25+45.7%47.0%+3%
Workers on their own account11.3%11.1%-2%
Renters paying 30%+ of income52.9%60.7%+15%
Units sitting vacant8.3%3.2%-62%
Typical construction year19881991
Annual rent divided by value3.9%3.8%-3%
Residents (Census estimate)5,862,18999,406

Tenure in Longmont is split fairly evenly: 37.5% renter-occupied and 62% owner-occupied, with the renter share about 11% above the Colorado median of 34%. Median household income is $90,671, close to the Colorado median of $95,470, and 61% of renter households pay 30 percent or more of income on rent.

The kind of housing in Longmont

Housing in Longmont splits among detached homes (59%), townhomes and attached units, and small multifamily (5% in two to four unit buildings). Newer housing (median year built 1991) keeps repair budgets lighter, though competing new-build rentals can cap what a landlord can charge.

About 3% of Longmont's housing units are vacant, and the rental vacancy rate (units for rent against rented plus for-rent units) works out to 3.9%.

Reading Longmont as an investor

Yields near 3.8% make Longmont a market for careful buyers. The ratio can still work, usually through a lower loan amount, a rent above the median or a property with several units. Newer construction (median built 1991) lowers near-term repair risk, but association rules and builder-grade finishes can limit rent growth. Renters are 38% of households, which gives investors a real tenant base to market to.

Insurance, tax and flood context for Longmont

Homeowners in Longmont paid a median $2,940 in real estate taxes, about 13% above the Colorado median of $2,602, an effective rate near 0.51% of home value against 0.48% statewide. That is about 13% of a year of median rent gone to taxes before the loan is even counted.

County-level hazard data from FEMA (National Risk Index 1.20) shows Boulder County with relatively moderate overall risk and lightning (very high), hail (relatively high) and wildfire (relatively high) at the top of the list.

Hazard in Boulder County, FEMA indexLevel
Winter weather exposureRelatively High
Wildfire exposureRelatively High
Hail exposureRelatively High
Lightning exposureVery High
Social vulnerability scoreVery Low
Annualized loss estimateRelatively Moderate
Composite riskRelatively Moderate

Price the insurance before you price the offer: a landlord quote for the Longmont property, plus flood cover where the map requires it, goes into the payment your rent is divided against.

A worked DSCR test for Longmont

Try the math at the medians. With rent at $1,816 and taxes near $245 a month, a 1.00 DSCR leaves $1,571 for everything else in the payment, a 1.20 ratio leaves $1,268, and a 1.25 ratio leaves $1,208. Any real property will differ, but the exercise shows how little room insurance and dues can take.

Rental rules for Longmont, CO

Local rental rules in Longmont are not summarized here because we could not verify them from a city source. Ask the city and Boulder and Weld Counties about registration, inspection and short-term rental requirements, and confirm what an HOA allows. For Longmont short-term hosts, one state-level point stands out. Colorado requires a sales tax license for an owner who rents rooms or accommodations, with tax generally due on stays under 30 consecutive days, and a marketplace that collects for the owner typically covers state, local and lodging taxes, while county or city lodging filings can be separate.

Colorado limits what a Longmont owner may hold as a deposit: 2 months' rent (since Aug 7, 2023). The statute is C.R.S. §§ 38-12-102.5, 38-12-103 (as amended by HB25-1249, eff. Jan 1, 2026). A Longmont landlord must handle the deposit within 30 days after move-out under Colorado law. For Longmont rent levels, note that No; counties and municipalities are prohibited from enacting rent control (C.R.S. 38-12-301).

Where Longmont sits among nearby places

Of the cities listed, Boulder is the most expensive ($1,039,500 median value) and Loveland the least ($479,000); Longmont sits at $572,800.

MarketRenter shareTax billHome valueResidentsRent
Westminster38%$2,614$532,400115,484$1,882
Thornton29%$2,911$517,500144,187$1,895
Loveland38%$2,302$479,00078,410$1,730
Boulder53%$5,322$1,039,500106,433$2,018
Longmont38%$2,940$572,80099,406$1,816

What fills Longmont rentals

11.1% of employed residents work for themselves, which matters here because DSCR lending does not ask for tax returns or pay stubs. On the workforce side, government workers are about 14% of employment, 47% of adults hold a bachelor's degree or higher and 14% of commuters travel 45 minutes or more.

The largest employers listed for Longmont for 2020 include St. Vrain Valley Schools, City of Longmont, Seagate Technology, Intrado and Longmont United Hospital. Large, stable payrolls like these tend to anchor rental demand near their job sites. Colleges tied to Longmont include Front Range Community College, and campus-adjacent streets often rent to students and staff on a school-year rhythm. On the logistics side, air service through Vance Brand Airport are noted for Longmont.

Taking a Longmont deal to a lender

Bring the Longmont numbers to a loan officer: the rent, the taxes, the insurance and your reserves. Apply online or ask for a quote, and use the calculator to preview the ratio.

More Colorado markets

Source links

Census figures are 2020 to 2024 ACS five-year estimates for Longmont and carry margins of error. Colorado landlord-tenant summaries draw on the RedFlagLease dataset (CC BY 4.0) and the statutes linked above. Facts were checked in October 2026, and rules change.

DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.

Frequently asked questions

How does a lender pick the rent for a Longmont DSCR file?

Underwriters take the lease if one exists and compare it with the appraisal's rent estimate; the lower figure often governs. Longmont median rent is $1,816.

Does the ratio in Longmont include taxes and dues?

They do. Rent of $1,816 divided by 1.25 gives about $1,453 as the payment ceiling, and $245 of that is spoken for by the median Longmont tax bill.

How high are property taxes in Longmont?

Typical owners pay $2,940, or 0.51% of home value, with Colorado overall at 0.48%. Do not assume the seller's bill carries over to you.

Can nightly stays at a Longmont property support a DSCR file?

Possible where lender guidelines allow it, subject to Longmont and Boulder and Weld Counties rules and to the building's association. Lenders usually average a year of bookings and discount the result.

What are the security deposit rules for a Colorado landlord?

Limit: 2 months' rent (since Aug 7, 2023). Return: 30 days. Statute: C.R.S. §§ 38-12-102.5, 38-12-103 (as amended by HB25-1249, eff. Jan 1, 2026). Confirm current text before you rely on it.

What hazard risk does Longmont carry for investors?

The county scores relatively moderate overall in FEMA's index, with lightning leading. Parcel-level flood maps and a real insurance quote give the answer that counts.

Should a Longmont rental be bought in an LLC?

No, but it is common. Entity borrowers supply articles, an operating agreement and an EIN letter, and the owners typically guarantee the loan. A Colorado attorney can advise on structure.

Have a Longmont deal in mind?

Qualify on the property's rent. Start an application in a few minutes, or ask for a quote first.

Call nowApply now