Market Overview
Home Prices in Manitou Springs, CO
The median home value in Manitou Springs, CO is $557,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and down 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Manitou Springs are priced36% above average. Manitou Springs is part of the Colorado Springs, CO metro area.
Over the past five years, Manitou Springs home values have risen by approximately12.2%, reflecting steady appreciation in this market.
Price History
Manitou Springs Home Price Trend
City Comparison
Manitou Springs vs. National Median
At $557,121, homes in Manitou Springs cost 36% above the national median of $410,000. Buyers in Manitou Springs should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Manitou Springs?
20% Down Payment
$111,424
on $557,121
Monthly P&I
$2,906/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,691/mo
incl. taxes & insurance
Income Needed
$147,640
gross annual (30% rule)
10% Down Option
$55,712
+ PMI applies
Loan Amount (20% dn)
$445,697
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 Manitou Springs, CO?
The median home value in Manitou Springs is $557,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Manitou Springs?
Over the past year, home values in Manitou Springs have increased by 0.5%. Over five years, prices have risen approximately 12.2%.
How much do I need to earn to buy a home in Manitou Springs?
To comfortably afford the median home price of $557,121 with a 20% down payment ($111,424) at today's rates (6.8%), you'd need a gross annual income of approximately $147,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Manitou Springs compare to the national average home price?
The national median home value is approximately $410,000. At $557,121, homes in Manitou Springs are 36% above the national average.
What metro area is Manitou Springs part of?
Manitou Springs is part of the Colorado Springs, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.