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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 $489,864, lower than the Colorado average of $579,698.
The average cost of rent is $1,897/mo in Colorado Springs, primarily driven by the current value of real estate in the Colorado Springs area. In Colorado Springs, 33.18% of households rent, and 28.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Colorado Springs is $8,698 per month. Households that rent pay about 21.81% of their income on rent here. Colorado Springs’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cimarron Hills, CO: less expensive homes
- Stratmoor, CO: less expensive homes
- Manitou Springs, CO: equally 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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