Highlands Ranch, Colorado Housing Market Prices
Highlands Ranch Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 23% above the Colorado median$594,213
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Median rent 42% above the Colorado median$2,505
Housing Market Overview
| Metric | Highlands Ranch | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $594,213 | $484,034 | $248,835 |
| Price Trend (Annual %) | 9.0% | 10.4% | 7.5% |
| Median Gross Rent | $2,505 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Highlands Ranch is about 23% higher than in Colorado. Rent is about 42% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Highlands Ranch, up about 9.0% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Highlands Ranch rose about 61.2% between 2015 and 2024, from $1,554 to $2,505. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Highlands Ranch.
Buying the median-priced home in Highlands Ranch costs roughly 19.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Highlands Ranch. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Highlands Ranch | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $594,213 | $484,034 | $248,835 |
| Median Household Income | $154,748 | $95,803 | $80,455 |
| Price-to-Income Ratio | 3.8 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Highlands Ranch rose about 83.3%, while median household income rose about 43.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Highlands Ranch | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.7% | 60.7% | 58.5% |
| Rental Rate | 21.9% | 31.0% | 31.2% |
| Vacancy Rate | 2.4% | 8.3% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Highlands Ranch has a homeownership rate of 75.7%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 2.4%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Highlands Ranch | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1998 | 1985 | 1978 |
| Median Number of Rooms | 7.5 | 5.7 | 5.5 |
The typical housing unit in Highlands Ranch was built around 1998. On average, 2.6 people live in a home with about 7.5 rooms, staying for about 13.0 years on average.
Highlands Ranch, CO Housing Compared With Nearby Cities
How Highlands Ranch, CO compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Highlands Ranch, CO | 90,813 | $594,213 #1/2 | $2,505 #1/2 | 77.6% #1/2 |
| Littleton, CO | 42,306 | $470,913 | $1,774 | 64.4% |
Frequently Asked Questions
Common questions about the housing market in Highlands Ranch, Colorado.
What is the median home price in Highlands Ranch, Colorado?
The median home price in Highlands Ranch, Colorado is $594,213, higher than the Colorado average of $484,034.
What is the average home price in Highlands Ranch, Colorado?
The typical home price in Highlands Ranch, Colorado, reported as the median sale price, is $594,213. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Highlands Ranch, Colorado?
The median gross rent in Highlands Ranch, Colorado is $2,505 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Highlands Ranch in 2020?
In 2020, the median gross rent in Highlands Ranch, Colorado was $1,947 per month.
What is the price-to-rent ratio in Highlands Ranch, Colorado?
The price-to-rent ratio in Highlands Ranch, Colorado is about 19.8, meaning it would take roughly 19.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Highlands Ranch.
Are home prices or rent rising faster in Highlands Ranch, Colorado?
Both home prices and rent are rising in Highlands Ranch, up about 9.0% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Highlands Ranch, Colorado?
75.7% of households in Highlands Ranch, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Highlands Ranch, Colorado?
The housing vacancy rate in Highlands Ranch, Colorado is 2.4%, lower than the Colorado average of 8.3%.
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