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These days, finding an affordable place to live in the Manitou Springs area can be challenging. Home prices in Manitou Springs are now at a median cost of $522,785, lower than the Colorado average of $579,698.
The average cost of rent is $1,365/mo in Manitou Springs, primarily driven by the current value of real estate in the Manitou Springs area. In Manitou Springs, 38.07% of households rent, and 40.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manitou Springs is $7,492 per month. Households that rent pay about 18.23% of their income on rent here. Manitou Springs’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cascade, CO: higher priced homes
- Colorado Springs, CO: equally priced homes
- Cascade-Chipita Park, CO: higher priced homes
- Green Mountain Falls, CO: higher priced homes
- Stratmoor, CO: less expensive homes
- Ivywild, CO: higher priced homes
- Air Force Academy, CO: less expensive homes
- Fort Carson, CO: less expensive homes
- Cimarron Hills, CO: less expensive homes
- Goldfield, CO: less expensive homes
Cities with Similar Populations
- Archer, FL: less expensive homes
- St. Matthews, SC: less expensive homes
- Ashland, MO: less expensive homes
- St. Stephen, SC: less expensive homes
- Ashdown, AR: less expensive homes
- Silt, CO: equally priced homes
- Arrington, TN: higher priced homes
- Shrewsbury, PA: less expensive homes
- Tarawa Terrace, NC: less expensive homes
- Ponder, TX: less expensive homes
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