The story of this market
The typical home in Colorado Springs, Colorado sells for about $470,000, or $237 per square foot.
Prices are down 1.1% from a year ago, which gives buyers more room to negotiate. Homes take about 83 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,409 a month.
Monthly price momentum
Home values since 2015
+0.4%
CO · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Colorado Springs, Colorado
The Colorado Springs housing market is currently shifting toward a buyer's market as inventory levels rise and price growth flattens. While demand remains present, the combination of higher interest rates and increased supply has led to a slight year-over-year depreciation in home values. Buyers are finding more leverage, though the market remains sensitive to broader economic conditions.
No ARED county foreclosure postings attributed to Colorado Springs yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Deterministic aggregate of 41 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 1.2% year over year.
Homes spend a median of 43 days on market with 3.7 months of supply — a fast-moving market.
43% of listings have cut prices · homes sell at 85.58% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 9.8% — a stable, low-distress profile.
- The Broadmoor World Arena4.43.6 mi
- Ford Amphitheater4.212.6 mi
- Topgolf4.312.9 mi
- Norris Penrose Event Center4.31.6 mi
- Garden of the Gods Resort4.44 mi
- Garden of the Gods4.94.3 mi
- Cheyenne Mountain Zoo4.84.8 mi
- Great Wolf Lodge | Colorado Springs4.211.1 mi
- Cave of the Winds Mountain Park4.85.9 mi
- The Broadmoor Seven Falls4.41.7 mi
- Garden of the Gods Visitor & Nature Center4.83.9 mi
- The Broadmoor Manitou and Pikes Peak Cog Railway4.56.1 mi
- Manitou Cliff Dwellings4.45.2 mi
- Garden of the Gods Trading Post4.74.3 mi
- U.S. Olympic & Paralympic Museum4.70.6 mi
- Garden of the Gods4.94.3 mi
- The Broadmoor Seven Falls4.41.7 mi
- Garden of the Gods Visitor & Nature Center4.83.9 mi
- Manitou Incline4.96.7 mi
- Red Rock Canyon4.83.3 mi
- Prospect Lake4.31.4 mi
- Prospect Lake4.31.4 mi
- The Broadmoor4.73.4 mi
- Topgolf4.312.9 mi
- Patty Jewett Golf Course4.41.9 mi
- Valley Hi Golf Course3.92.9 mi
- World Golf & Sand Creek Golf Course4.56.4 mi
- Chapel Hills Mall3.97.9 mi
- The Citadel Mall3.83.3 mi
- T.J. Maxx & HomeGoods4.26.7 mi
- Asian Pacific Market4.44.6 mi
- Fort Carson Main Exchange4.46.9 mi
- Colorado Springs Airport4.66.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A world-renowned public park featuring dramatic sandstone rock formations and extensive hiking trails.
A central city park featuring Prospect Lake, sports facilities, and community event spaces.
A historic luxury resort that serves as a major anchor for tourism and high-end dining in the region.
Offers extensive hiking and biking trails with significant elevation changes and mountain views.
The city appeals to a broad demographic, including families seeking suburban housing, outdoor enthusiasts drawn to the mountain lifestyle, and professionals working in the defense and tech sectors.
The city is served by several school districts, with performance ratings varying significantly by campus and district, generally reflecting the diverse socioeconomic landscape of the region.
The city is primarily served by the I-25 corridor, which facilitates north-south travel, while local transit infrastructure continues to evolve to meet the needs of a growing population.
Colorado Springs offers an extensive amenity base centered on its proximity to the Rocky Mountains, featuring iconic sites like Garden of the Gods, numerous regional parks, and an expansive trail network.
The rental market has seen a recent tightening in vacancy rates with modest rent growth, though landlord concessions remain a common strategy to attract tenants in newer multifamily developments.
The economy is anchored by a strong defense and aerospace presence, alongside a growing technology sector and a robust tourism industry centered on Pikes Peak and local attractions.
Economic momentum is driven by a mix of defense, aerospace, and technology sectors, with significant residential and commercial development occurring on the city's eastern and southern fringes.
Development is heavily concentrated in the eastern and southern portions of the city, with significant infrastructure upgrades planned to support new residential and commercial growth.
Parcels are subject to various special districts, including school districts, fire protection districts, and metropolitan districts that fund infrastructure in newer developments.
Crime trends in Colorado Springs are monitored by local law enforcement, with property crime rates remaining a primary focus for city officials compared to regional averages.
The area faces ongoing risks related to wildfire exposure in the wildland-urban interface and occasional high-wind events, influencing local insurance market premiums.
Property insurance premiums are influenced by regional wildfire risk and the increasing frequency of severe weather events, leading to a cautious market posture.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov using place-level tables.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.