Colorado Springs offers several distinct residential markets, from lower-priced southeast neighborhoods to higher-cost areas along the city's northern edge. Current data also shows a more measured housing environment than the rapid-growth market of several years ago.
The city's median listing price is about $464,900, with a median sold price of $448,425, median asking rent of $1,700 per month, and 57 median days on market. Zillow places the typical home value at $441,553, down 1.5% over the past year.
Colorado Springs is also home to five military installations, adding a substantial military, veteran, and defense-related population to the broader regional housing market.
Disclaimer: The information provided in this guide is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult with a licensed professional before making any financial or investment decisions.
Key Takeaways
Colorado Springs' current median listing price is $464,900, while median asking rent is $1,700 per month
Southeast Colorado Springs remains one of the lower-priced areas covered here, with a $323,500 median listing price
Northern markets carry higher prices, with ZIP 80921 around Northgate currently showing a $756,657 median listing price
Rental trends vary considerably by location, including year-over-year rent growth in Fountain and the 80922 area alongside declines in several established neighborhoods
Short-term rentals are regulated, with Colorado Springs requiring permits for qualifying stays of 29 days or less
Colorado Springs' Current Housing Market
Colorado Springs currently has 5,102 active for-sale listings, up 7.81% from a year earlier. Median listing prices are down 1.11% year over year, while the median sold price is up 0.70%.
The rental side is moving differently. Realtor.com currently tracks 4,003 rental properties, while the $1,700 median asking rent is up 2.10% from a year ago.
Zillow's separate Home Value Index shows the city's typical home value down 1.5% over the past year. Because listing prices, sold prices, rents, and modeled home values measure different parts of the market, each is most useful when kept separate.
1) Southeast Colorado Springs
Median Listing Price: About $323,500
Typical Rent: About $1,315 per month
Listing Price Change: Down 0.77% year over year
Days on Market: 66 days
Southeast Colorado Springs sits well below the city's $464,900 median listing price. Its housing stock includes single-family homes, townhomes, apartments, and established residential areas across several southeast ZIP codes.
Investment Profile
Median sold price: $289,250
Price per square foot: $214
Active listings: 260
Rental properties: 317
Rental trend: Median asking rent is down 4.08% year over year
Home values: Zillow places the area's typical home value at $324,318, down 1.8% over the past year
Why Southeast Colorado Springs Made the List
Southeast Colorado Springs stands out for its lower price point relative to much of the city. Current listing and home-value measures are both close to the low-$300,000 range, while rental inventory remains substantial.
The area also includes neighborhoods positioned between central Colorado Springs, the airport, and the city's southeastern employment and military corridors. That combination creates a very different property profile from higher-priced northern neighborhoods such as Northgate and Briargate.
2) Powers Corridor
Median Listing Price: About $429,900 for Powers
Typical Rent: About $1,728 per month
80922 Listing Price: About $445,000
80922 Days on Market: 56 days
Powers stretches along the eastern side of Colorado Springs and encompasses several residential and commercial districts. Current Realtor.com data for the broader 80922 market shows a $445,000 median listing price and $1,995 median rent, while its Powers neighborhood benchmark is approximately $429,900 with $1,728 median rent.
Investment Profile
80922 median sold price: $449,950
80922 listing trend: Down 0.69% year over year
80922 rental trend: Up 9.02% year over year
80922 active listings: 240
80922 rental properties: 137
Recent values: Zillow places the 80922 home value at $441,239, down 0.9% over the past year
Why the Powers Corridor Made the List
Powers combines a large residential footprint with one of Colorado Springs' major north-south commercial corridors. Retail, restaurants, services, and newer residential communities extend along the corridor, giving the area a different housing environment from the city's older central neighborhoods.
The corridor also runs near Peterson Space Force Base and Colorado Springs Airport. The airport shares its airfield environment with Peterson, placing major civilian and military infrastructure along the city's eastern side.
3) Northgate and 80921
Area Price Benchmark: About $756,657 across ZIP 80921
Typical Northgate Rent: About $1,967 per month
80921 Listing Change: Down 5.20% year over year
80921 Days on Market: 64 days
Northgate occupies the northern edge of Colorado Springs near the U.S. Air Force Academy and the I-25 corridor. The immediate Northgate neighborhood has a relatively small pool of current for-sale listings, while the broader 80921 market provides a larger benchmark for north-side pricing.
Investment Profile
80921 median sold price: $670,000
Price per square foot: $226
Active listings: 236 across 80921
Rental properties: 215 across 80921
Typical home value: Zillow places the 80921 home value at $708,962, down 1.3% over the past year
Rental trend: Zillow's 80921 average rent is up 1.5% year over year
Why Northgate Made the List
Northgate represents the higher-priced northern end of the Colorado Springs market. Residential communities around Northgate, Flying Horse, InterQuest, and the surrounding 80921 area include newer subdivisions, apartments, and higher-value single-family homes.
Its position near I-25, the Air Force Academy, and the growing InterQuest commercial district also gives Northgate a distinct location profile compared with central and southeast Colorado Springs.
4) Briargate
Median Listing Price: About $460,000
Typical Rent: About $2,032 per month
Listing Price Change: Down 2.13% year over year
Days on Market: 52 days
Briargate is a large residential area in northern Colorado Springs with established subdivisions, newer housing, parks, retail centers, and access to the Powers Boulevard and I-25 corridors.
Investment Profile
Median sold price: $515,000, up 11.96% year over year
Price per square foot: $220, up 1.11% year over year
Active listings: 60, up 30.23% year over year
Rental properties: 36
Median rent: $2,032 per month, down 11.54% year over year
Market pace: 52 median days on market, up 2.94% year over year
Why Briargate Made the List
Briargate combines an established residential setting with parks, neighborhood retail, and convenient access to northern Colorado Springs. Its housing ranges from mature subdivisions to newer communities, creating a broader mix of property ages and price points than some of the city's newer growth corridors.
The latest market data also shows an interesting split between current asking and completed-sale prices. The median listing price is $460,000, while the median sold price is $515,000. At the same time, for-sale inventory has increased by more than 30% from a year ago, giving the neighborhood a different market profile from areas with tighter available inventory.
5) Stetson Hills
Median Listing Price: About $450,000
Typical Rent: About $2,300 per month
Broader 80922 Price: About $445,000
Broader Market Pace: 56 days
Stetson Hills sits on Colorado Springs' east side near the Powers corridor. Realtor.com's latest 80922 neighborhood data places the Stetson Hills median listing price at approximately $450,000 and median asking rent at $2,300.
Investment Profile
Current price tier: Close to Colorado Springs' citywide listing median
Rental benchmark: $2,300 per month
Broader 80922 sold price: $449,950
Broader 80922 rent: $1,995 per month
Broader 80922 rental trend: Up 9.02% year over year
Why Stetson Hills Made the List
Stetson Hills combines residential subdivisions with convenient access to the retail and service network along Powers Boulevard. Its current listing price sits close to the broader Colorado Springs market, while its neighborhood rent benchmark is above the citywide median.
That combination places Stetson Hills between the lower-priced southeast market and higher-priced northern areas such as Briargate and Northgate.
6) Fountain
Median Listing Price: About $415,000
Typical Rent: About $2,113 per month
Listing Price Change: Up 2.78% year over year
Days on Market: 50 days
Fountain is a separate city immediately south of Colorado Springs and close to Fort Carson. Its housing market is less expensive than Colorado Springs overall while current median rent is higher.
Investment Profile
Median sold price: $392,500
Price per square foot: $219
Active listings: 242
Rental properties: 147
Rental trend: Median asking rent is up 11.50% year over year
Home values: Zillow places the 80817 home value at $389,164, down 0.8% over the past year
Why Fountain Made the List
Fountain adds a separate municipal housing market to the Colorado Springs-area comparison. It sits directly along the southern I-25 corridor, with Fort Carson immediately to the west and Colorado Springs to the north.
Its latest numbers also differ from much of Colorado Springs: median listing prices and asking rents are both higher than a year ago, even while Zillow's broader 80817 home-value measure remains slightly lower year over year.
7) Cimarron Hills
Median Sale Price: About $402,234
Typical Home Value: About $393,744
Sale Price Change: Down 2.7% year over year
Days on Market: About 45 days
Cimarron Hills sits east of central Colorado Springs near the Powers corridor and Peterson Space Force Base. Its housing generally occupies a lower price range than Briargate, Northgate, and several northwest neighborhoods.
Investment Profile
Median sale price: $402,234 in Redfin's latest three-month market reading
Sale-price trend: Down 2.7% year over year
Price per square foot: About $193
Homes sold: 87 in August
Typical value: Zillow's latest dedicated Cimarron Hills figure is $393,744
Recent value change: Down 1.1% year over year in Zillow's latest dedicated dataset
Why Cimarron Hills Made the List
Cimarron Hills combines east-side employment access with a housing price level below Colorado Springs' citywide median. Its location near Powers Boulevard and Peterson places it within a large residential and employment corridor without the higher purchase-price benchmarks seen farther north.
Recent sale-price and home-value data both show modest year-over-year declines, keeping the focus on the economics of individual properties rather than relying on rapid appreciation assumptions.
8) Rockrimmon
Median Listing Price: About $315,000
Typical Rent: About $1,507 per month
Listing Price Change: Down 2.31% year over year
Days on Market: 52 days
Rockrimmon is an established northwest Colorado Springs neighborhood with a mix of condos, townhomes, and detached homes near the foothills and the I-25 corridor.
Investment Profile
Median sold price: $480,000
Price per square foot: $234
Active listings: 28
Rental properties: 49
Rental trend: Median asking rent is down 1.82% year over year
Nearby 80919 values: Zillow places the 80919 home value at $585,475, essentially flat at -0.1% year over year
Why Rockrimmon Made the List
Rockrimmon differs from Colorado Springs' eastern growth corridors because it is an established foothills neighborhood with relatively limited current inventory.
Its $315,000 current listing median is also well below the broader 80919 ZIP benchmark, reflecting the mix of property types represented in the neighborhood. Condos, attached housing, and detached homes can therefore produce very different price points within the same area.
9) Old Colorado City
Median Listing Price: About $449,450
Typical Rent: About $1,745 per month
80904 Median Listing Price: About $460,000
80904 Days on Market: 65 days
Old Colorado City sits west of downtown along Colorado Avenue and includes historic residential streets alongside its established commercial district. Realtor.com's latest neighborhood data places Old Colorado City's median listing price at about $449,450 and median asking rent at $1,745 per month, while the broader 80904 ZIP code has a $460,000 median listing price.
Investment Profile
Neighborhood listing price: About $449,450
Neighborhood rent: About $1,745 per month
80904 median sold price: $450,000
80904 price per square foot: $292
80904 active listings: 237
80904 rental properties: 183
Why Old Colorado City Made the List
Old Colorado City combines residential housing with a historic commercial corridor and proximity to downtown, the west side, and major outdoor attractions.
Its property stock includes older detached homes, smaller multifamily properties, and renovated housing, giving it a different character from the newer subdivisions along Colorado Springs' eastern and northern edges.
10) Downtown Colorado Springs
Median Listing Price: About $595,000
Typical Rent: About $1,860 per month
Listing Price Change: Up 35.38% year over year
Days on Market: 99 days
Downtown Colorado Springs is the city's central business and entertainment district, with condos, apartments, historic buildings, newer residential development, offices, hotels, restaurants, and cultural venues.
Investment Profile
Price per square foot: $285
Active listings: 26
Rental properties: 331
Rental trend: Median asking rent is up 2.48% year over year
Market pace: 99 median days on market
Current inventory: The relatively small for-sale sample can make median price changes more volatile from one period to another
Why Downtown Colorado Springs Made the List
Downtown provides the most urban housing environment in this guide. Unlike the subdivision-heavy markets farther north and east, much of its residential inventory consists of apartments, condos, attached housing, and infill development surrounded by employment, dining, entertainment, and civic uses.
Its current for-sale inventory is small compared with its rental inventory, which helps explain why headline listing-price movements can shift sharply when the mix of available properties changes.
What the Current Data Shows
Colorado Springs does not have one uniform housing market. Current listing prices range from roughly $323,500 in Southeast Colorado Springs to more than $750,000 across the broader Northgate-area 80921 market.
Rental pricing varies too. Southeast Colorado Springs is around $1,315 per month, while Fountain is above $2,100 and current Stetson Hills data is around $2,300.
Recent price movement is equally mixed. Fountain's listing median is higher than a year ago, while Southeast Colorado Springs, Briargate, Rockrimmon, 80921, and 80922 show modest declines. Zillow's citywide Home Value Index is down 1.5% over the past year.
These differences make purchase price, achievable rent, financing, taxes, insurance, HOA costs, maintenance, and other property-level expenses more useful than applying a blanket cap-rate estimate to an entire neighborhood.
Colorado Springs Short-Term Rental Rules
Colorado Springs regulates rentals of 29 days or less through its short-term rental program.
Each qualifying short-term rental listing requires a permit, and permits are valid for one year. The city also applies additional standards to non-owner-occupied short-term rentals, so the rules for a particular property depend on its ownership structure, zoning, and location.
These requirements are particularly relevant when evaluating areas such as Old Colorado City or Downtown, where tourism can make short-term rental use part of the property discussion.
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Colorado Springs demonstrates why real estate becomes more useful when the analysis moves from a city or neighborhood down to the individual property. A $323,500 southeast listing, a $450,000 east-side home, and a $750,000 north-side property can produce very different economics even within the same metro.
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Disclaimer: The information provided in this guide is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult with a licensed professional before making any financial or investment decisions.
Frequently Asked Questions
What is the current median home price in Colorado Springs?
Colorado Springs' current median listing price is about $464,900, while the median sold price is approximately $448,425. Zillow's separate Home Value Index places the city's typical home value at $441,553, down 1.5% over the past year. These figures measure different parts of the housing market and should not be treated as interchangeable.
Which Colorado Springs area in this guide has the lowest current listing price?
Southeast Colorado Springs has the lowest current neighborhood listing median among the markets covered here at about $323,500. Rockrimmon's current neighborhood median is about $315,000, although its housing mix and limited inventory make direct comparisons with broader southeast Colorado Springs less straightforward.
How does the military affect the Colorado Springs housing market?
Colorado Springs and the broader Pikes Peak region are home to five military installations: Fort Carson, Peterson Space Force Base, Schriever Space Force Base, Cheyenne Mountain Space Force Station, and the U.S. Air Force Academy. Active-duty personnel, military families, veterans, civilian employees, and defense-related businesses all contribute to the region's population and housing demand, although the effect varies by neighborhood and property type.
Can a Colorado Springs property operate as a short-term rental?
Colorado Springs requires qualifying rentals of 29 days or less to follow its short-term rental rules, including an annual permit for each listing. Non-owner-occupied properties are subject to additional standards, and individual properties can also be affected by zoning, condominium rules, or private covenants, so short-term rental eligibility depends on the specific property.
How does mogul fit into residential real estate investing?
mogul lets you select fractional interests tied to specific U.S. residential properties held through property-level investment-club LLCs. Properties go through mogul's underwriting and diligence process, professional property management supports ongoing operations, and qualifying properties can distribute available net rental income monthly according to actual property performance and ownership interests.