Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$446,711−1.4% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 29% have cut their price
Income needed to buy, per year$96,838About 1.1× the local median income ($90,663): a stretch for a typical household
Days on market71 daysAbout the same pace as a year ago
Next 12 months−0.5%Zillow expects prices to stay about flat
The typical home in Colorado Springs, CO is worth $446,711, down 1.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $430,790, so the area is 3.7% overvalued. It is a buyer's market: homes take about 71 days to sell, listings are up 9% from a year ago, 29% of listings have had a price cut. Zillow expects prices to fall about 0.5% over the next year. A household needs about $96,838 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,663. Typical rent is $1,764 a month, or $2,326 for a house. In the latest IRS figures, 434 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$446,711
Change in 1 year
−1.4%
Overvalued %
+3.7%
Show 7 more
Fair home value
$430,790
Change in 5 years
+3.8%
Zillow forecast, next 12 months
−0.5%
Home value to income
4.9×
Monthly mortgage payment (20% down)
$2,421
Income needed to afford it
$96,838
Property tax rate
0.40%
Rent and investing
Typical rent
$1,764
Typical rent for houses
$2,326
Price-to-rent ratio
21.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,616
Gross rental yield
4.74%
Cap rate (estimate)
3.08%
Market activity
Listings vs a year ago
+8.8%
Days on market
71
Listings with a price cut
28.8%
Show 3 more
Homes for sale
4,145
Pending sales per 100 listings
27
Asking price per sq ft
$229
People and jobs
Median household income
$90,663
Population change (1 year)
+0.6%
Unemployment rate
5.4%
Show 4 more
Population
781,796
Income adjusted for cost of living
$90,033
Net moves in (IRS)
+434
Cost of living (US = 100)
100.7
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
92.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
92.5
Wildfire risk score
99.2
Walkability (1 to 20)
10.2
Road, rail and air noise
53 dB
Questions people ask
Is Colorado Springs, CO overvalued?
Home prices in Colorado Springs, CO are slightly above what local incomes have historically supported: fair value is about $430,790, so the area is 3.7% overvalued.
Is Colorado Springs, CO a buyer's or seller's market?
Colorado Springs, CO is a buyer's market: homes take about 71 days to sell, listings are up 9% from a year ago, 29% of listings have had a price cut.
Are home prices going down in Colorado Springs, CO?
Home values in Colorado Springs, CO are down 1.4% over the last year. Zillow's forecast for the next 12 months is −0.5%.
How much do you need to earn to buy a home in Colorado Springs, CO?
A household needs about $96,838 a year to afford the typical home in Colorado Springs, CO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,663.