Monument, CO housing market
Typical home value
$744K
▼ 1.1% 1 yr
Typical rent
$1,973/mo
▲ 2.7% 1 yr
Gross rent yield
3.2%
U.S. 6.3%
5-year home value change
+10%
U.S. +20%
Key takeaways
- 1The typical home in Monument is worth $744,085, down 1.1% over the past year and up 10% over five years.
- 2Typical rent is $1,973 a month (+2.7% YoY), a gross rent yield of 3.2% (below the Colorado Springs, CO metro's 4.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $4,089/mo, $2,116 more than typical rent.
- 4Zillow forecasts the Colorado Springs, CO metro's home values to change −0.5% over the next 12 months.
Market temperature (Colorado Springs, CO metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 20/100, #531 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Monument compares
| Measure | Monument | Colorado Springs, CO metro | United States |
|---|---|---|---|
| Typical home value | $744,085 | $446,711 | $366,157 |
| Home value, 1-yr change | −1.1% | −1.4% | +1.2% |
| Typical rent | $1,973 | $1,764 | $1,932 |
| Rent, 1-yr change | +2.7% | +2.9% | +2.7% |
| Gross rent yield | 3.2% | 4.7% | 6.3% |
| Price-to-rent ratio | 31.4 | 21.1 | 15.8 |
| Mortgage P&I, typical home | $4,089 | $2,455 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Monument rental, pre-filled.
Rent vs buy in Monument
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $744K home.
Other cities in the Colorado Springs, CO metro
Colorado Springs, CO
$440K home$1,717 rent
▼ 1.5% 1 yr
Security-Widefield, CO
$371K home$2,294 rent
▼ 1.4% 1 yr
Fountain, CO
$385K home$2,079 rent
▼ 1.0% 1 yr
Woodland Park, CO
$531K home$2,053 rent
▼ 0.2% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.