ZIP Code · CO

ZIP 80129

Part of Highlands Ranch, CO

Pop. 30,223·Douglas County·43rd most expensive ZIP in Colorado

Median rent (all units)

$2,216/mo

Year-over-Year

+1.1%

Month-over-Month

+0.5%

vs US Median

+$284

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 80129 · $2,216

More expensive than 71% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,010

1 BR

$2,140

2 BR

$2,550

3 BR

$3,340

4 BR+

$3,720

Research median

$2,550/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 80129 usually run 2.3% below trend in December and 2% above it in July, about $95 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 80129 is 1% below its high of $2,238 in March 2024, at $2,216 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80129 changed +1.1% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Since before the pandemic

Rent in ZIP 80129 is 25.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($141,667) is $3,542 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,340); a 4-bedroom is $3,720.

Rank in Highlands Ranch

1st cheapest of 3 ZIP codes in Highlands Ranch.

Cheaper nearby

ZIP 80120, 3 miles away, rents for 12% less ($1,946/mo), about $3,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80129. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,592/yr

At $2,216/mo median

Location

CityHighlands Ranch

StateCO

CountyDouglas County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.1% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 80129 (Highlands Ranch, CO) is majority owner-occupied, has a median income above the national average, 64.3% of residents hold a bachelor's degree or higher.

Population

30,223

Median income

$141,667

Median age

41.2

Renters

31%

Age distribution

20.7%

22.2%

27.6%

13.3%

16.2%

Under 1820.7%

18–3422.2%

35–5427.6%

55–6413.3%

65+16.2%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

85.3%

White85.3%

Hispanic11.1%

Asian4.9%

Education (25+)

25.1%

64.3%

No HS diploma0.7%

HS diploma9.9%

Some college25.1%

Bachelor's+64.3%

Housing tenure

69%

31%

Owner69%

Renter31%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 80129 in Highlands Ranch, CO has changed in 5 years

Rent

$1,791 → $2,216

up 23.7%

Income

$118,876 → $141,667

up 19.2%

Population

30,340 → 30,223

down 0.4%

Renter share

27.7% → 31%

+3.3 pts

Bachelor's+

62.7% → 64.3%

+1.6 pts

Median age

39.9 → 41.2

+1.3 yrs

Since 2021, the typical rent in ZIP 80129 in Highlands Ranch, CO has increased from $1,791 to $2,216, a 23.7% change over five years. Household income in the area moved from $118,876 to $141,667 across the same window, up 19.2% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 31% of households, compared with 27.7% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 80129 in Highlands Ranch, CO look reasonable against where the market sat half a decade ago.

Community

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About renting in ZIP 80129

Last updated: October 17, 2026

ZIP code 80129 covers Highlands Ranch, CO. The median rent here is $2,216/mo as of October 2026. A 1-bedroom rents for a median of $2,140/mo. A 2-bedroom rents for a median of $2,550/mo.

At 19% of local median household income ($141,667/yr), ZIP 80129 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80129?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,216/mo in ZIP 80129. The local median household income is $141,667/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80129?

Rent in ZIP 80129 has risen 1.1% over the past year as of September 2026. It sits 1% below its high of $2,238 in March 2024.

When is the cheapest time to rent in ZIP 80129?

Asking rents in ZIP 80129 are usually lowest in December, about 2.3% below their yearly trend, and highest in July, about 2% above it. At today's median that is a gap of roughly $95 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 80129 compare to other ZIPs in Colorado?

ZIP 80129 is one of the pricier among Colorado ZIP codes for rent, ranking #43 of 168 at $2,216/mo. Over the year to September 2026, rent in ZIP 80129 changed +1.1%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.