Longmont’s Need for Housing Showing Growing Pains

A recent community meeting about a proposed apartment building in Longmont brought about a pain point between the balance of having enough housing in the growing city and creating more diverse types of housing. More people in Longmont own their own homes rather than rent, however, many new apartments are being built. While rent payments can cost up to $1,800 a month, CAR Spokesperson Kelly Moye described the local housing market as having shifted from “red-hot to a warm, orange glow.”  “If you’re a seller, by all means, this is still a really great market, but don’t expect 20% over your list price anymore,” said Moye. “The average is closer to seven.”