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:$539,998
Avg Rent:$1,889/mo
Avg Price/Rent:23.7
Colorado Housing Market Summary
13
Cities Analyzed
0
Favor Buying
13
Favor Renting
0
Toss-Up
Across Colorado's 13 analyzed cities, the majority (13 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Colorado.
The average home price in Colorado is $539,998, with average rents at $1,889/month. This gives an average price-to-rent ratio of 23.7.
$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 | $532,579.23 | $1,858.6 | 23.9 | N/A | Rent |
| Colorado Springs | $446,354.69 | $1,707.27 | 21.8 | N/A | Rent |
| Aurora | $507,157.32 | $1,789.21 | 23.6 | N/A | Rent |
| Fort Collins | $542,282.7 | $1,880.61 | 24.0 | N/A | Rent |
| Lakewood | $609,991.06 | $1,904.4 | 26.7 | N/A | Rent |
| Thornton | $476,776.24 | $1,895.34 | 21.0 | N/A | Rent |
| Arvada | $609,991.06 | $1,904.4 | 26.7 | N/A | Rent |
| Westminster | $609,991.06 | $1,904.4 | 26.7 | N/A | Rent |
| Pueblo | $281,540.38 | $1,296.99 | 18.1 | N/A | Rent |
| Centennial | $507,157.32 | $1,789.21 | 23.6 | N/A | Rent |
| Boulder | $702,437.46 | $2,465.07 | 23.7 | N/A | Rent |
| Greeley | $491,272.17 | $1,694.69 | 24.2 | N/A | Rent |
| Longmont | $702,437.46 | $2,465.07 | 23.7 | N/A | Rent |
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