Colorado Springs housing market
Typical home value
$447K
▼ 1.4% 1 yr
Typical rent
$1,764/mo
▲ 2.9% 1 yr
12-month forecast
−0.5%
#491 of 546 metros
Gross rent yield
4.7%
#437 of 546 · U.S. 6.3%
Days to pending
57 days
▲ +2 days 1 yr
Listings with a price cut
38%
▲ +0.9 pts 1 yr
Key takeaways
- 1The typical home is worth $446,711, down 1.4% in a year and up 4% over five years.
- 2Zillow forecasts home values falling 0.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,764/mo (+2.9% YoY), a 4.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,455/mo in principal and interest, $691 more than renting.
- 5Homes go under contract in 57 days (+2 days vs last year); 38% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Colorado Springs compares
| Measure | Colorado Springs | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −1.4% | +1.2% | #509 |
| Home value, 5-yr change | +3.8% | +19.7% | |
| 12-month forecast | −0.5% | +1.1% | #491 |
| Rent, 1-yr change | +2.9% | +2.7% | #318 |
| Gross rent yield | 4.7% | 6.3% | #437 |
| Price-to-rent ratio | 21.1 | 15.8 | |
| Mortgage P&I on typical home | $2,455 | $2,012 | |
| Income needed to buy | $111,791 | $100,902 | |
| Days to pending | 57 | 56 |
Cities in the Colorado Springs metro
5 cities with home value and rent data.
| Colorado Springs | $440K | ▼ 1.5% | $1,717 | ▲ 2.6% | 4.7% |
| Security-Widefield | $371K | ▼ 1.4% | $2,294 | ▲ 3.4% | 7.4% |
| Fountain | $385K | ▼ 1.0% | $2,079 | ▲ 5.8% | 6.5% |
| Monument | $744K | ▼ 1.1% | $1,973 | ▲ 2.7% | 3.2% |
| Woodland Park | $531K | ▼ 0.2% | $2,053 | ▲ 11.2% | 4.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Colorado Springs rental ($447K, $1,764/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Colorado Springs home.
Rent vs buy
Is it cheaper to rent or buy in Colorado Springs?
Other Colorado metros
Denver, CO
$555K home$1,900 rent4.1% yield
▼ 1.8% 1 yr
Fort Collins, CO
$546K home$1,973 rent4.3% yield
▼ 0.3% 1 yr
Boulder, CO
$707K home$2,196 rent3.7% yield
▼ 0.4% 1 yr
Greeley, CO
$488K home$1,685 rent4.1% yield
▼ 2.0% 1 yr
Pueblo, CO
$282K home$1,320 rent5.6% yield
▼ 2.3% 1 yr
Grand Junction, CO
$429K home$1,730 rent4.8% yield
▲ 1.6% 1 yr
Glenwood Springs, CO
$979K home$3,111 rent3.8% yield
▲ 4.8% 1 yr
Edwards, CO
$1.3M home$3,410 rent3.2% yield
▲ 2.9% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.