Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Colorado Springs area can be challenging. Home prices in Colorado Springs are now at a median cost of $358,551, lower than the Colorado average of $430,259.
The average cost of rent is $1,559/mo in Colorado Springs, primarily driven by the current value of real estate in the Colorado Springs area. While nearly 28.41% of residents own their homes outright in Colorado Springs, 31.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colorado Springs is $7,193 per month. Households that rent pay about 21.67% of their income on rent here. Colorado Springs's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Cimarron Hills, CO: less expensive homes
- Stratmoor, CO: less expensive homes
- Manitou Springs, CO: higher priced homes
- Air Force Academy, CO: equally priced homes
- Security-Widefield, CO: less expensive homes
- Fort Carson, CO: equally priced homes
- Cascade, CO: higher priced homes
- Gleneagle, CO: higher priced homes
- Peyton, CO: equally priced homes
- Ivywild, CO: higher priced homes
Cities with Similar Populations
- Macon, GA: less expensive homes
- Lynchburg, VA: less expensive homes
- Manhattan, NY: higher priced homes
- Madison, WI: less expensive homes
- Jackson, MS: less expensive homes
- Kansas City, MO: less expensive homes
- Kansas City, KS: less expensive homes
- Kalamazoo, MI: less expensive homes
- Humble, TX: less expensive homes
- Huntsville, AL: less expensive homes
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