Colorado Springs - CO housing market

The typical Colorado Springs home is worth $448,492 as of August 2026, up 0.1% from the prior month, down 0.2% over three months, and down 1.4% from a year ago. Over the past two years values have ranged from $448,199 to $466,929.

Homes are going pending in about 29 days, slower than the 19 days seen three months earlier. There are roughly 4,910 homes for sale, 3% more than a year ago. 37.9% of listings have taken a price cut (up from 30.4% three months ago).

Typical rent is $1,787 a month, up 2.4% year over year, which puts the price-to-rent ratio at 20.9.

At this week's 7.40% mortgage rate with 20% down ($89,698), the typical Colorado Springs home costs about $3,045 a month including tax and insurance, which needs a household income of roughly $130,500 to stay under a 28% payment-to-income ratio.

The typical home value ($448,492) is the Zillow Home Value Index for the Colorado Springs - CO metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.4% over the past year. A home worth $454,860 last year is now worth roughly $448,492.

The median sale price, what homes actually close for, is $460,179. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.

Homes listed in Colorado Springs - CO sit on the market for roughly 29 days before going pending. Shorter = seller's market; longer = buyer's market.

About 37.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,325 new listings hit the market each month in Colorado Springs - CO. There are currently 4,910 homes for sale, up 2.7% from a year ago.

The typical monthly rent in Colorado Springs - CO is $1,787, up 2.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 20.9x, renting territory (#40 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,484 a month in principal and interest, $697 more than renting before taxes, insurance and upkeep. The two break even at a 4.35% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →