ZIP Code · CO

ZIP 80227

Part of Lakewood, CO

Pop. 34,907·Jefferson County·118th most expensive ZIP in Colorado

Median rent (all units)

$1,771/mo

Year-over-Year

+1.8%

Month-over-Month

+0.4%

vs US Median

-$161

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 80227 · $1,771

More affordable than 53% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,620

1 BR

$1,730

2 BR

$2,060

3 BR

$2,700

4 BR+

$3,010

Research median

$2,060/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

January. Asking rents in ZIP 80227 usually run 1.8% below trend in January and 1.8% above it in August, about $64 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 80227 is 2.3% below its high of $1,813 in October 2024, at $1,771 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80227 changed +1.8% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 80227 rose 27.2% while median household income rose 27.2% ($70,977 to $90,316). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 80227 is 25.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($90,316) is $2,258 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,060); a 3-bedroom is $2,700.

Rank in Lakewood

4th cheapest of 7 ZIP codes in Lakewood.

Cheaper nearby

ZIP 80214, 5 miles away, rents for 13% less ($1,541/mo), about $2,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80227. 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

$21,252/yr

At $1,771/mo median

Location

CityLakewood

StateCO

CountyJefferson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.8% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 80227 (Lakewood, CO) is majority owner-occupied, has a large retiree population, has a median income above the national average, 43.6% of residents hold a bachelor's degree or higher.

Population

34,907

Median income

$90,316

Median age

40.6

Renters

33.2%

Age distribution

16.5%

25.1%

24%

13.6%

20.8%

Under 1816.5%

18–3425.1%

35–5424%

55–6413.6%

65+20.8%

Gender

50%

Male50%

Female50%

Race & ethnicity

69%

27.3%

White69%

Black1.6%

Hispanic27.3%

Asian4.9%

Education (25+)

22.1%

27.8%

43.6%

No HS diploma6.5%

HS diploma22.1%

Some college27.8%

Bachelor's+43.6%

Housing tenure

66.8%

33.2%

Owner66.8%

Renter33.2%

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

2021 vs 2026

How ZIP 80227 in Lakewood, CO has changed in 5 years

Rent

$1,479 → $1,771

up 19.7%

Income

$74,717 → $90,316

up 20.9%

Population

35,296 → 34,907

down 1.1%

Renter share

34.4% → 33.2%

-1.2 pts

Bachelor's+

43.8% → 43.6%

-0.2 pts

Median age

38.7 → 40.6

+1.9 yrs

The median rent in ZIP 80227 in Lakewood, CO stood at $1,479 in 2021 and currently runs about $1,771, reflecting a 19.7% increase over the period. Local incomes tracked alongside that move, going from a median of $74,717 in 2021 to $90,316 more recently. The population has contracted by 1.1% since 2021, moving from about 35,296 residents to roughly 34,907. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 80227 in Lakewood, CO market of 2021.

Community

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Local insights

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About renting in ZIP 80227

Last updated: October 17, 2026

ZIP code 80227 covers Lakewood, CO. The median rent here is $1,771/mo as of October 2026. A 1-bedroom rents for a median of $1,730/mo. A 2-bedroom rents for a median of $2,060/mo.

At 24% of local median household income ($90,316/yr), ZIP 80227 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80227?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,771/mo in ZIP 80227. The local median household income is $90,316/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80227?

Rent in ZIP 80227 has risen 1.8% over the past year as of September 2026. It sits 2.3% below its high of $1,813 in October 2024.

When is the cheapest time to rent in ZIP 80227?

Asking rents in ZIP 80227 are usually lowest in January, about 1.8% below their yearly trend, and highest in August, about 1.8% above it. At today's median that is a gap of roughly $64 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 80227?

No. From 2019 to 2024, rent in ZIP 80227 rose 27.2% while median household income rose 27.2%, from $70,977 to $90,316. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80227 compare to other ZIPs in Colorado?

ZIP 80227 is one of the more affordable among Colorado ZIP codes for rent, ranking #118 of 168 at $1,771/mo. Over the year to September 2026, rent in ZIP 80227 changed +1.8%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.