Boulder, CO

Rent vs buy in Boulder

Median home $713,900. A 1 bedrooms rents for $1,656 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $1,656; per month
Own the median home: $4,586; P&I, tax, insurance, upkeep
Owning costs extra: $2,930; per month, same metro

What a purchase actually costs

20% down payment$142,780
Mortgage at 6.5%$3,610
Property tax (0.54% of value)$321/mo · $3,855/yr
Insurance and upkeep (1.1%/yr)$654
Total monthly ownership$4,586

Months of leftover to save the down payment

At $2,494 left over a month, it takes about 58 months (4.8 years) to save $142,780 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.