Rent vs Buy in Colorado
Compare 13 cities across Colorado. Find out whether renting or buying makes more financial sense in your area.
13cities analyzed
Avg Home:$535,385
Avg Rent:$2,073/mo
Avg Price/Rent:21.6
Colorado Housing Market Summary
13
Cities Analyzed
0
Favor Buying
6
Favor Renting
7
Toss-Up
Across Colorado's 13 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Colorado is $535,385, with average rents at $2,073/month. This gives an average price-to-rent ratio of 21.6.
$Most Affordable Cities
$$Most Expensive Cities
All Colorado Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Denver | $675,000 | $2,350 | 23.9 | 14 yrs | Rent |
| Colorado Springs | $605,000 | $2,100 | 24.0 | 12 yrs | Rent |
| Aurora | $530,000 | $2,200 | 20.1 | 7 yrs | Toss-up |
| Fort Collins | $555,000 | $2,150 | 21.5 | 7 yrs | Toss-up |
| Lakewood | $535,000 | $2,300 | 19.4 | 7 yrs | Toss-up |
| Thornton | $545,000 | $2,150 | 21.1 | 6 yrs | Toss-up |
| Arvada | $450,000 | $1,900 | 19.7 | 8 yrs | Toss-up |
| Westminster | $495,000 | $1,800 | 22.9 | 13 yrs | Rent |
| Pueblo | $500,000 | $1,850 | 22.5 | 11 yrs | Rent |
| Greeley | $515,000 | $2,350 | 18.3 | 7 yrs | Toss-up |
| Centennial | $560,000 | $2,100 | 22.2 | 12 yrs | Rent |
| Boulder | $565,000 | $1,850 | 25.5 | 11 yrs | Rent |
| Longmont | $430,000 | $1,850 | 19.4 | 9 yrs | Toss-up |
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Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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