House Charts

Colorado Springs Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Colorado Springs home values are down 1.4% over the past year, to a typical $447k - 8% below the July 2022 peak. Typical rent is $1,764 a month (+2.9% in a year).
Typical home value
$447k
-1.4% (-$6,255) in 12 months
From the peak
-8%
Peak $485k, Jul 2022
Since Dec 2019
+33%
from $336k
Typical rent
$1,764/mo
+2.9% in 12 months
Income needed to buy
$112k/yr
20% down, 30% of income
Days to go under contract
57
September 2026

Colorado Springs home values since 2000

$200k$300k$400k$500k2000200420082012201620202024Peak $485k (Jul 2022)Now $447k

Last few years

$300k$350k$400k$450k$500k20192020202120222023202420252026Peak $485k (Jul 2022)Now $447k

Rent in Colorado Springs

$1,000$1,200$1,400$1,600$1,800201520172019202120232025Now $1,764

Owning vs renting, monthly

Buying the typical Colorado Springs home with 20% down at this week's 7.32% 30-year rate costs about $3,013/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,764/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

What changed this month

Colorado Springs vs Colorado vs the U.S.

Typical home12-month changeTypical rent
This metro$447k-1.4%$1,764/mo
Colorado$529k-1.3%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Colorado Springs?

Yes - the typical Colorado Springs-area home value is down 1.4% over the past 12 months, at $447k (September 2026). Values are 8% below their July 2022 peak of $485k.

Is the Colorado Springs housing market crashing?

Home values are 8% below their July 2022 peak and down 1.4% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Colorado Springs?

Typical rent in the Colorado Springs metro is $1,764 a month (September 2026), +2.9% over 12 months.

How much income do you need to buy a home in Colorado Springs?

About $112k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Denver, CO · Madison, WI · Nashville, TN · Phoenix, AZ · Charleston, SC

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Colorado Springs, CO metro area. How we calculate.