Market Overview
Home Prices in Colorado Springs, CO
The median home value in Colorado Springs, CO is $450,254 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.8% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colorado Springs are priced10% above average. Colorado Springs is part of the Colorado Springs, CO metro area.
Over the past five years, Colorado Springs home values have risen by approximately6.8%, reflecting steady appreciation in this market.
Price History
Colorado Springs Home Price Trend
City Comparison
Colorado Springs vs. National Median
At $450,254, homes in Colorado Springs cost 10% above the national median of $410,000. Buyers in Colorado Springs should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Colorado Springs?
20% Down Payment
$90,051
on $450,254
Monthly P&I
$2,348/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,982/mo
incl. taxes & insurance
Income Needed
$119,280
gross annual (30% rule)
10% Down Option
$45,025
+ PMI applies
Loan Amount (20% dn)
$360,203
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Colorado Springs, CO?
The median home value in Colorado Springs is $450,254 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.8% year-over-year.
How much have home prices changed in Colorado Springs?
Over the past year, home values in Colorado Springs have decreased by 1.8%. Over five years, prices have risen approximately 6.8%.
How much do I need to earn to buy a home in Colorado Springs?
To comfortably afford the median home price of $450,254 with a 20% down payment ($90,051) at today's rates (6.8%), you'd need a gross annual income of approximately $119,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Colorado Springs compare to the national average home price?
The national median home value is approximately $410,000. At $450,254, homes in Colorado Springs are 10% above the national average.
What metro area is Colorado Springs part of?
Colorado Springs is part of the Colorado Springs, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.