Research / Rent vs. buy / Colorado / Highlands Ranch

Rent or buy in Highlands Ranch?
Renting is $2,196 a month cheaper.

Renting the typical home in Highlands Ranch costs $2,196 less a month than owning it. Even counting equity and price growth, buying does not come out ahead of renting and investing the difference within 30 years under our baseline assumptions.

Updated September 26, 2026 · Zillow data for August 2026 · 7.03% mortgage rate (Freddie Mac, September 24, 2026) · Rank 227 of 340 (1 = owning closest to renting) · Part of our 2026 rent vs. buy study

Monthly cost to own$4,793typical home, 20% down
Typical monthly rent$2,597Zillow, August 2026
Buying breaks even30+ years3.5% price growth
Cash needed to buy$159,674$694,234 home · 20% down + 3% closing
Income needed to own$191,713vs. $103,880 to rent · 30% rule

Where the monthly money goes.

The first-month cost of owning the typical Highlands Ranch home, split into its parts, against the typical rent. About $453 of the first mortgage payment is principal, which you keep as equity.

The median household income in Highlands Ranch is $159,307 (Census ACS 2020–2024). Owning the typical home would take 36% of it; renting would take 20%.

As a check with a larger rental, HUD's FY2027 Fair Market Rent for a three-bedroom home in the Denver-Aurora-Centennial, CO MSA area is $2,846 a month, still $1,947 below the cost of owning.

  • Mortgage principal & interest $3,706
  • Property tax $300
  • Home insurance $208
  • Maintenance $579

How long you would need to stay.

Net worth of a buyer compared with a renter who invests the down payment, closing costs and any monthly savings at 6% a year. Home values and rents grow 3.5% a year; selling costs 6%.

Change the assumptions

Buying vs. renting in Highlands Ranch, by years in the home
StayResult
3 yearsRenting ahead by $88,671
5 yearsRenting ahead by $108,031
7 yearsRenting ahead by $129,045
10 yearsRenting ahead by $163,933
15 yearsRenting ahead by $232,129
20 yearsRenting ahead by $314,663
30 yearsRenting ahead by $530,258

Rent or buy elsewhere in Colorado.

Other large Colorado cities in the study.

All cities
DenverRenting $1,760/mo cheaperColorado SpringsRenting $1,336/mo cheaperAuroraRenting $1,441/mo cheaperFort CollinsRenting $1,937/mo cheaperLakewoodRenting $2,063/mo cheaperThorntonRenting $1,596/mo cheaperArvadaRenting $2,022/mo cheaperWestminsterRenting $1,712/mo cheaper

More on Highlands Ranch

See the full Highlands Ranch rental market profile with Census medians, or check how a typical rental performs for an investor in our cash-flow ranking.

How we calculated this

Price is the Zillow Home Value Index and rent the Zillow Observed Rent Index for Highlands Ranch. The cost of owning includes principal and interest at 7.03% with 20% down, property tax at the city's 0.52% effective rate (Census ACS), the Colorado average homeowners premium (NAIC 2023) and 1% yearly maintenance. It leaves out income-tax effects, HOA dues and utilities. The typical rental may be smaller than the typical home for sale. Full methodology. This is a citywide estimate, not advice about a specific home.