ZIP Code · CO

ZIP 80247

Part of Denver, CO
Pop. 29,760·Denver County·110th most expensive ZIP in Colorado
Median rent (all units)
$1,824/mo
Year-over-Year
+0.2%
Month-over-Month
+2.5%
vs US Median
-$108
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 80247 · $1,824
More expensive than 51% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,720
2 BR
$2,050
3 BR
$2,680
4 BR+
$2,990
Research median
$2,050/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 80247 usually run 1% below trend in January and 1% above it in June, about $36 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 80247 is 3.7% below its high of $1,894 in May 2024, at $1,824 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80247 changed +0.2% 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 80247 rose 24.2% while median household income rose 32.5% ($48,688 to $64,498). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 80247 is 19.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($64,498) is $1,612 a month. That covers HUD's Fair Market Rent for up to a studio ($1,610); a 1-bedroom is $1,720.

Rank in Denver

10th cheapest of 27 ZIP codes in Denver.

Cheaper nearby

ZIP 80224, 2 miles away, rents for 10% less ($1,638/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80247. 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
$21,888/yr
At $1,824/mo median
Location
CityDenver
StateCO
CountyDenver County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.2% YoY, +2.5% MoM), not inventory.
Demographics

Who lives here

ZIP 80247 (Denver, CO) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 41.4% of residents hold a bachelor's degree or higher.

Population
29,760
Median income
$64,498
Median age
34.9
Renters
59.4%
Age distribution
17.7%
32.5%
20.9%
17.8%
Under 1817.7%
18–3432.5%
35–5420.9%
55–6411%
65+17.8%
Gender
45.2%
54.8%
Male45.2%
Female54.8%
Race & ethnicity
48.3%
22.3%
21.9%
White48.3%
Black22.3%
Hispanic21.9%
Asian6.1%
Other1.4%
Education (25+)
18.6%
32.9%
41.4%
No HS diploma7.1%
HS diploma18.6%
Some college32.9%
Bachelor's+41.4%
Housing tenure
40.6%
59.4%
Owner40.6%
Renter59.4%

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

2021 vs 2026

How ZIP 80247 in Denver, CO has changed in 5 years

Rent
$1,572 → $1,824
up 16.0%
Income
$53,001 → $64,498
up 21.7%
Population
29,066 → 29,760
up 2.4%
Renter share
61.6% → 59.4%
-2.2 pts
Bachelor's+
42.8% → 41.4%
-1.4 pts
Median age
37.2 → 34.9
-2.3 yrs

Across the past five years, the going rent in ZIP 80247 in Denver, CO has shifted from $1,572 to $1,824, up 16.0% since 2021. Median household income climbed from $53,001 to $64,498 between 2021 and 2024, a 21.7% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 80247 in Denver, CO adding about 694 residents over the five-year window, up 2.4% on net. The renter share has eased from 61.6% to 59.4%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 80247 in Denver, CO reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 80247

Last updated: October 17, 2026

ZIP code 80247 covers Denver, CO. The median rent here is $1,824/mo as of October 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $2,050/mo.

At 34% of local median household income ($64,498/yr), ZIP 80247 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80247?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,824/mo in ZIP 80247. The local median household income is $64,498/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 80247?

Rent in ZIP 80247 has been roughly flat over the past year as of September 2026, a +0.2% change. It sits 3.7% below its high of $1,894 in May 2024.

When is the cheapest time to rent in ZIP 80247?

Asking rents in ZIP 80247 are usually lowest in January, about 1% below their yearly trend, and highest in June, about 1% above it. At today's median that is a gap of roughly $36 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 80247?

No. From 2019 to 2024, rent in ZIP 80247 rose 24.2% while median household income rose 32.5%, from $48,688 to $64,498. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80247 compare to other ZIPs in Colorado?

ZIP 80247 is in the middle among Colorado ZIP codes for rent, ranking #110 of 168 at $1,824/mo. Over the year to September 2026, rent in ZIP 80247 changed +0.2%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80247 compare to the rest of Denver?

At $1,824/mo, ZIP 80247 is $31 below the Denver citywide median of $1,855/mo. It is the 10th cheapest of 27 ZIP codes in Denver.
Income Affordability
34%
MODERATE

At $1,824/mo, rent takes ~34% of ZIP 80247's median household income ($64,498/yr). The standard benchmark is 30%.

ZIP 80247 34%Benchmark 30%
State income tax4.4%
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Public schools near ZIP 80247 (Denver, CO)

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