Rent vs Buy in Boulder, CO
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Boulder, CO
Price-to-rent ratio is 39.3 (under 15 favors buying, over 21 favors renting). Renting costs $2,059/mo; owning runs about $7,170/mo — $5,111/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $5,066 |
| Property tax | $890 |
| Home insurance | $405 |
| Maintenance | $809 |
| Total to own | $7,170 |
| Average 2BR rent | $2,059 |
Based on a median home value of $971,332 with a $194,266 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.