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Colorado Springs real estate market overview
- Average Monthly Rent: $1,534
- Home Price/Value Percentage Change: -2.10%
- Median Home Value: $448,670
- Best Time To Sell a Home: July
- Affordability Index: Moderate
- Days To Sell a House: 92
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Beautiful Colorado Springs is on a mesa at 6,008 ft above sea level near the eastern base of the famous Pike's Peak at the edge of the southern Rocky Mountains It was originally founded as a high-quality resort getaway and it's stayed true to those roots.
Colorado Springs has the perfect summer and ski climate. Over the year the temperatures are from 20 degrees to 84 degrees depending on the season. The cold and dry winter season is excellent for skiing.
Population, job market and cost of living
The population grew from 2018 till now to a population of 497,720 with a rate of 1.27% annually.
The job growth decreased with -3.33% since last year. There are a significant number of corporations which are big employers along with the tourism industry that contribute to area economic life like XAware Inc, Vectrus, Young Life, USA Hockey and Compassion International.
The cost of living is moderately high due to Colorado Springs real estate prices. With a spectacular setting for winter skiing and summer outdoor recreation, good job opportunities and an age diverse population, Colorado Springs will continue to see real growth.
Colorado Springs real estate market details
- Village Seven
- Stetson Hills
- Wolf Ranch
- Briargate
- Cheyenne Canyon
The average monthly rent in Colorado Springs is $1,534 for an average apartment size of 851 sq. feet.
There has been a -2.1% decrease in median home value over the last year. As of 2023, the median home value is $448,670.
On average, homes in Colorado Springs sell after 92 days on the market.
The best time to sell a home for the highest valued sale is during July. For the quickest sale, homeowners should sell in July.
The affordability index in Colorado Springs is 108. This number indicates moderate affordability in this city.
The top ranked public schools are The Vanguard High School, Cheyenne Mountain High School, The Classical Academy High School, Cheyenne Mountain Elementary School and TCA College Pathways High School. This information is based on data measuring academic performance and equity.