M
MortgageMath
Free mortgage calculators for every state

Aurora vs Fort Collins:
Housing Costs in Colorado

Side-by-side comparison of home prices, mortgage payments, and housing costs between Aurora and Fort Collins, Colorado. Using Colorado's 0.51% property tax rate and $3,200/year insurance. Updated for 2026.

MetricAuroraFort Collins
Median Home Price$465K$525K
Population386,261169,810
Average Rent$1,620/mo$1,680/mo
Est. Monthly Mortgage (P&I)$2,645/mo$2,987/mo
Est. Monthly Property Tax$198/mo$223/mo
Est. Monthly Insurance$267/mo$267/mo
Est. Total PITI$3,284/mo$3,673/mo
Price-to-Rent Ratio23.926.0
Verdict

Aurora edges out Fort Collins in affordability, saving you roughly $389/month on total housing costs. Both cities are in Colorado, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Colorado's 0.51% property tax rate.

Aurora
Home Price$465,000
Down Payment (10%)$46,500
Loan Amount$418,500
Monthly P&I$2,645
Monthly Property Tax$198
Monthly Insurance$267
Monthly PMI$174
Total PITI$3,284/mo
Annual property tax: $2,372
Fort Collins
Home Price$525,000
Down Payment (10%)$52,500
Loan Amount$472,500
Monthly P&I$2,987
Monthly Property Tax$223
Monthly Insurance$267
Monthly PMI$197
Total PITI$3,673/mo
Annual property tax: $2,678

Buying in Aurora saves you approximately $389/month ($4,668/year) compared to Fort Collins, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Aurora is the better choice for first-time buyers, with a median price of $465K versus $525K in Fort Collins. That's $60K less to save for a down payment. You'd need roughly $16K for an FHA 3.5% down payment in Aurora, compared to $18K in Fort Collins. Colorado offers the CHFA Down Payment Assistance program (Up to $25,000 second mortgage) which applies in both cities.

Real Estate Investment

Aurora has the better price-to-rent ratio at 23.9x versus 26.0x in Fort Collins. A lower ratio generally signals better rental income relative to purchase price. Average rent in Aurora is $1,620/month on a $465K median home, making it a stronger candidate for buy-and-rent investors.

Families

Aurora (pop. 386,261) offers more amenities, schools, and services typical of a larger city, while Fort Collins (pop. 169,810) may offer a quieter, more community-oriented lifestyle. Aurora offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.

Income Needed to Afford the Median Home

Aurora
$141K
annual household income
Based on $3,284/mo PITI at 28% DTI
Fort Collins
$157K
annual household income
Based on $3,673/mo PITI at 28% DTI

Other Cities in Colorado

Denver$575K
Pop. 715,522 · Rent $1,850/mo
Colorado Springs$435K
Pop. 478,961 · Rent $1,520/mo
Boulder$850K
Pop. 105,673 · Rent $2,250/mo
Pueblo$265K
Pop. 111,876 · Rent $1,080/mo
Greeley$395K
Pop. 108,795 · Rent $1,420/mo
Longmont$545K
Pop. 98,885 · Rent $1,720/mo
Loveland$475K
Pop. 76,378 · Rent $1,550/mo
Grand Junction$365K
Pop. 65,991 · Rent $1,280/mo

Explore Colorado

Colorado Mortgage Guide$520K median →
0.51% tax · $7K closing · $3,200/yr insurance
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Aurora or Fort Collins.
Rent vs Buy Calculator →
The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.