Colorado Springs

Colorado · Ranked #331 of 373 metros

38Crisis
💡
Housing in Colorado Springs costs 5.26× the median income, above the national average of 4.5×. The median home price is $473K and median rent is $1,706/month. Colorado Springs ranks #331 of 373 metros for affordability.

Median Home Price

🏠

$473K

Need $126K income

Median Rent

🔑

$1,706

Need $62K income

Housing Shortage

📉

18,000

units needed

Building Permits

🔨

3,994

annual

Median Income

💰

$90K

Pop: 755,105

Rent Burden

⚠️

32.0%

of renters paying >30%

Price Change (YoY)

📈

+2.5%

Homeownership

🏡

67.0%

Rent Burden

vs. National Average

Key Facts vs. National Average

MetricColorado SpringsNational
Price-to-Income Ratio5.26x6.1x
Rent Burden32.0%31.5%
Homeownership Rate67.0%65.5%
YoY Price Change+2.5%+3.5%
YoY Rent Change+1.5%+2.8%
Mortgage Denial Rate12.0%13.5%
Eviction Rate4.5%3.6%

House Price Index (2000–2025)

FHFA All-Transactions HPI

Since 2019: +50%Since 2000: +195.9%

HUD Fair Market Rents (FY2026)

Section 8 voucher payment standards

Studio$1,196/mo
1 Bedroom$1,464/mo
2 Bedroom$1,735/mo
3 Bedroom$2,413/mo
4 Bedroom$2,744/mo

Zillow Market Data

Home Value (ZHVI)

$452K

1yr: -2.2%5yr: +18.2%

Rent (ZORI)

$1,694/mo

1yr: -0.2%5yr: +21.0%

Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.

Redfin Market Activity

Active Inventory

410

Sold Above List

10.3%

Price Drops

24.1%