Zip codes with the fastest growing rent in Colorado

Written by:
March 24, 2021
realtor.com

Zip codes with the fastest growing rent in Colorado

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Colorado using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Colorado

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Colorado using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#30. 80128 (Littleton)

- 1 year rent change: +3.9%
--- #16 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +17.8%
- Typical rent: $1,961
--- 11.5% above typical rent in Denver, CO metro

- Pictured (for rent): 7501 S Utica Dr, Littleton 80128 ($1,695)

#29. 80109 (Castle Rock)

- 1 year rent change: +3.9%
--- #15 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +16.5%
- Typical rent: $2,295
--- 30.5% above typical rent in Denver, CO metro

- Pictured (for rent): 3715 Bilberry St, Castle Rock 80109 ($2,447)

#28. 80010 (Aurora)

- 1 year rent change: +3.9%
--- #14 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +26.3%
- Typical rent: $1,158
--- 34.2% less than typical rent in Denver, CO metro

- Pictured (for rent): 11700 E 26th Ave, Denver 80010 ($2,934)

#27. 80504 (Longmont)

- 1 year rent change: +4.1%
--- #2 fastest growing rent among zip codes in Boulder, CO metro
- 5 year rent change: +15.1%
- Typical rent: $1,904
--- 5.7% less than typical rent in Boulder, CO metro

- Pictured (for rent): 1605 County Line Rd, Longmont 80504 ($1,935)

#26. 80241 (Thornton)

- 1 year rent change: +4.5%
--- #13 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +22.3%
- Typical rent: $1,765
--- 0.3% above typical rent in Denver, CO metro

- Pictured (for rent): 12150 Race St, Northglenn 80241 ($1,655)

#25. 80134 (Parker)

- 1 year rent change: +4.6%
--- #12 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +14.6%
- Typical rent: $2,392
--- 36.0% above typical rent in Denver, CO metro

- Pictured (for rent): 17565 E Pine Ln, Parker 80134 ($1,915)

#24. 80219 (Denver)

- 1 year rent change: +4.7%
--- #11 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +23.8%
- Typical rent: $1,851
--- 5.2% above typical rent in Denver, CO metro

- Pictured (for rent): 1436 S Irving St, Denver 80219 ($1,215)

#23. 80904 (Colorado Springs)

- 1 year rent change: +4.8%
--- #12 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +36.7%
- Typical rent: $1,389
--- 13.6% less than typical rent in Colorado Springs, CO metro

- Pictured (for rent): 1510 Gatehouse Cir S, Colorado Springs 80904 ($1,584)

#22. 80917 (Colorado Springs)

- 1 year rent change: +4.8%
--- #11 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +34.1%
- Typical rent: $1,529
--- 4.9% less than typical rent in Colorado Springs, CO metro

- Pictured (for rent): 3741 Oro Blanco Dr, Colorado Springs 80917 ($1,260)

#21. 80923 (Colorado Springs)

- 1 year rent change: +4.8%
--- #10 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +24.0%
- Typical rent: $1,832
--- 13.9% above typical rent in Colorado Springs, CO metro

- Pictured (for rent): 7219 Little Timber Grv, Colorado Springs 80923 ($1,630)

#20. 80104 (Castle Rock)

- 1 year rent change: +4.9%
--- #10 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +16.7%
- Typical rent: $1,979
--- 12.5% above typical rent in Denver, CO metro

- Pictured (for rent): 483 Scott Blvd, Castle Rock 80104 ($2,080)

#19. 80138 (Parker)

- 1 year rent change: +5.0%
--- #9 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +15.3%
- Typical rent: $2,452
--- 39.4% above typical rent in Denver, CO metro

- Pictured (for rent): 19255 E Cottonwood Dr, Parker 80138 ($2,030)

#18. 80013 (Aurora)

- 1 year rent change: +5.0%
--- #8 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +22.5%
- Typical rent: $2,235
--- 27.1% above typical rent in Denver, CO metro

- Pictured (for rent): 15601 E Caspian Cir, Aurora 80013 ($1,395)

#17. 80439 (Evergreen)

- 1 year rent change: +5.2%
--- #7 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +20.6%
- Typical rent: $2,573
--- 46.3% above typical rent in Denver, CO metro

- Pictured (for rent): 29840 Fir Dr, Evergreen 80439 ($2,550)

#16. 80260 (Denver)

- 1 year rent change: +5.3%
--- #6 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +25.2%
- Typical rent: $1,421
--- 19.2% less than typical rent in Denver, CO metro

- Pictured (for rent): 3100 W 97th Ave, Westminster 80260 ($1,560)

#15. 80108 (Castle Rock)

- 1 year rent change: +5.3%
--- #5 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +17.3%
- Typical rent: $2,462
--- 40.0% above typical rent in Denver, CO metro

- Pictured (for rent): 6200 Castlegate Dr W, Castle Rock 80108 ($2,260)

#14. 80817 (Fountain)

- 1 year rent change: +5.4%
--- #9 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +30.0%
- Typical rent: $1,670
--- 3.9% above typical rent in Colorado Springs, CO metro

- Pictured (for rent): 7765 S Pitcher Point Pt, Fountain 80817 ($1,755)

#13. 80012 (Aurora)

- 1 year rent change: +5.5%
--- #4 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +26.3%
- Typical rent: $1,497
--- 14.9% less than typical rent in Denver, CO metro

- Pictured (for rent): 1001 S Havana St, Denver 80012 ($1,225)

#12. 80015 (Aurora)

- 1 year rent change: +5.5%
--- #3 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +21.1%
- Typical rent: $2,134
--- 21.3% above typical rent in Denver, CO metro

- Pictured (for rent): 4343 S Picadilly St, Aurora 80015 ($2,350)

#11. 80212 (Denver)

- 1 year rent change: +5.7%
--- #2 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +29.2%
- Typical rent: $2,228
--- 26.7% above typical rent in Denver, CO metro

- Pictured (for rent): 4703 W 52nd Ave, Denver 80212 ($2,499)

#10. 80303 (Boulder)

- 1 year rent change: +6.2%
--- #1 fastest growing rent among zip codes in Boulder, CO metro
- 5 year rent change: +22.6%
- Typical rent: $2,201
--- 9.0% above typical rent in Boulder, CO metro

- Pictured (for rent): 1590 Eisenhower Dr, Boulder 80303 ($5,539)

#9. 80919 (Colorado Springs)

- 1 year rent change: +6.2%
--- #8 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +30.7%
- Typical rent: $1,923
--- 19.6% above typical rent in Colorado Springs, CO metro

- Pictured (for rent): 5824 Walsh Pt, Colorado Springs 80919 ($1,982)

#8. 80922 (Colorado Springs)

- 1 year rent change: +6.3%
--- #7 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +31.4%
- Typical rent: $1,730
--- 7.6% above typical rent in Colorado Springs, CO metro

- Pictured (for rent): 3755 Tutt Blvd, Colorado Springs 80922 ($2,096)

#7. 80918 (Colorado Springs)

- 1 year rent change: +6.5%
--- #6 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +33.8%
- Typical rent: $1,660
--- 3.2% above typical rent in Colorado Springs, CO metro

- Pictured (for rent): 3555 Westwood Blvd, Colorado Springs 80918 ($1,049)

#6. 80910 (Colorado Springs)

- 1 year rent change: +6.5%
--- #5 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +35.5%
- Typical rent: $1,312
--- 18.4% less than typical rent in Colorado Springs, CO metro

- Pictured (for rent): 1170 S Chelton Rd, Colorado Springs 80910 ($1,410)

#5. 80906 (Colorado Springs)

- 1 year rent change: +6.6%
--- #4 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +28.3%
- Typical rent: $1,543
--- 4.0% less than typical rent in Colorado Springs, CO metro

- Pictured (for rent): 640 Wycliffe Dr, Colorado Springs 80906 ($1,535)

#4. 80916 (Colorado Springs)

- 1 year rent change: +6.6%
--- #3 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +37.7%
- Typical rent: $1,522
--- 5.3% less than typical rent in Colorado Springs, CO metro

- Pictured (for rent): 1432 Sandalwood Dr, Colorado Springs 80916 ($1,395)

#3. 80601 (Brighton)

- 1 year rent change: +6.8%
--- #1 fastest growing rent among zip codes in Denver, CO metro
- 5 year rent change: +26.0%
- Typical rent: $1,752
--- 0.4% less than typical rent in Denver, CO metro

- Pictured (for rent): 1287 S 8th Ave, Brighton 80601 ($1,843)

#2. 80915 (Colorado Springs)

- 1 year rent change: +7.7%
--- #2 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +35.1%
- Typical rent: $1,248
--- 22.4% less than typical rent in Colorado Springs, CO metro

- Pictured (for rent): 5550 Cernan Hts, Colorado Springs 80915 ($1,785)

#1. 80907 (Colorado Springs)

- 1 year rent change: +8.5%
--- #1 fastest growing rent among zip codes in Colorado Springs, CO metro
- 5 year rent change: +48.1%
- Typical rent: $1,145
--- 28.8% less than typical rent in Colorado Springs, CO metro

- Pictured (for rent): 3630 Rialto Hts, Colorado Springs 80907 ($1,850)

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