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ZIP Code · CO

ZIP 80516

Part of Erie, CO
Pop. 39,048·Weld County·8th most expensive ZIP in Colorado
Median rent (all units)
$2,978/mo
Year-over-Year
+12.4%
Month-over-Month
+1.5%
vs US Median
+$1,013
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 80516 · $2,978
More expensive than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,940
1 BR
$2,130
2 BR
$2,610
3 BR
$3,560
4 BR+
$4,170
Research median
$2,610/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: July 20, 2026

Annual cost
$35,736/yr
At $2,978/mo median
Location
CityErie
StateCO
CountyWeld County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.4% YoY, +1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 80516 (Erie, CO) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 66.7% of residents hold a bachelor's degree or higher.

Population
39,048
Median income
$168,725
Median age
37.7
Renters
12%
Age distribution
28.2%
16.3%
34.7%
Under 1828.2%
18–3416.3%
35–5434.7%
55–6410.2%
65+10.5%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
79.8%
White79.8%
Hispanic10.9%
Asian6.1%
Other2.9%
Education (25+)
19.5%
66.7%
No HS diploma2.8%
HS diploma10.9%
Some college19.5%
Bachelor's+66.7%
Housing tenure
88%
Owner88%
Renter12%

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

2021 vs 2026

How ZIP 80516 in Erie, CO has changed in 5 years

Rent
$2,135 → $2,978
up 39.5%
Income
$134,073 → $168,725
up 25.8%
Population
33,291 → 39,048
up 17.3%
Renter share
13.4% → 12%
-1.4 pts
Bachelor's+
61.4% → 66.7%
+5.3 pts

Rent in ZIP 80516 in Erie, CO has climbed 39.5% since 2021, going from about $2,135 per month to roughly $2,978 today. Local incomes tracked alongside that move, going from a median of $134,073 in 2021 to $168,725 more recently. Rent outpaced income growth by roughly 13.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 33,291 to 39,048 between 2021 and 2024, a 17.3% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 61.4% to 66.7%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 80516 in Erie, CO market of 2021.

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Local insights

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About renting in ZIP 80516

Last updated: July 20, 2026

ZIP code 80516 covers Erie, CO. The median rent here is $2,978/mo as of July 2026. A 1-bedroom rents for a median of $2,130/mo. A 2-bedroom rents for a median of $2,610/mo.

At 21% of local median household income ($168,725/yr), ZIP 80516 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 80516?

As of July 20, 2026, the median monthly rent in ZIP 80516 (Erie, CO) is $2,978. This is based on aggregated data from public sources and community submissions.

How does ZIP 80516 rent compare to the US average?

ZIP 80516's median rent of $2,978/mo is $1,013 (52%) above the US national median of $1,965/mo.

How does ZIP 80516 compare to other ZIPs in Colorado?

ZIP 80516 is one of the pricier ZIP codes in Colorado, ranking #8 out of 166 ZIPs tracked at $2,978/mo.

How much income do you need to rent in ZIP 80516?

To keep rent at or below 30% of gross income, you would need to earn at least $119,000/year (~$57/hour full-time) to afford the median rent of $2,978/mo in ZIP 80516. The local median household income is $168,725/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 80516?

Rent in ZIP 80516 has increased 12.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 80516 an affordable place to rent?

ZIP 80516 is considered very affordable for renters. At $2,978/mo, rent takes approximately 21% of the local median household income ($168,725/yr). The standard benchmark is 30%. ZIP 80516 falls comfortably within that range.

What percentage of ZIP 80516 residents rent vs. own?

According to Census data, approximately 12% of ZIP 80516 households are renters, while 88% are owner-occupied. ZIP 80516 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 80516 compare to the rest of Erie?

ZIP 80516 is more affordable than Erie overall. At $2,978/mo, it's $11 below the Erie citywide median of $2,989/mo.

When was rent data for ZIP 80516 last updated?

Rent data for ZIP 80516 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $2,978/mo, rent takes ~21% of ZIP 80516's median household income ($168,725/yr). The standard benchmark is 30%.

ZIP 80516 21%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80516 (Erie, CO)

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