Home Values

Colorado Springs Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$212,400

  • 4.8% 1-year change
  • 3.3% 1-year forecast

The median home value in Colorado Springs is $212,400. Colorado Springs home values have gone up 4.8% over the past year and Zillow predicts they will rise 3.3% within the next year. The median rent price in Colorado Springs is $1,200, which is lower than the Colorado Springs Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Colorado Springs 2.2 homes are foreclosed (per 10,000). This is lower than the Colorado Springs Metro value of 2.6 and also lower than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Colorado Springs is 2.4%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Colorado Springs homeowners underwater on their mortgage is 13.7%, which is lower than Colorado Springs Metro at 14.6%.

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Relative ZHVI
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Colorado Springs Market Overview

Data through Jun 30, 2015
  • $212,400 ZHVI
  • 3.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $225,570 Median sale price
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Colorado Springs Market Health

Data through Jun 30, 2015
  • 7.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 13.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Colorado Springs
3 Colorado Springs Metro
4 United States
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Neighborhoods in Colorado Springs

Name Median ZHVI
Northwest Colorado Springs $294,600
Briargate $266,900
Powers $217,400
Name Median ZHVI
Northeast Colorado Springs $204,800
Falcon $196,500
East Colorado Springs $167,000
Name Median ZHVI
Old Colorado City $165,400
Central Colorado Springs $155,400
Southeast Colorado Springs $129,700

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $118 Median sale price / sq ft
  • No data Listings with price cut
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Colorado Springs Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,328 Colorado Springs
    $1,338 Colorado Springs Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,200 Rent list price
  • $0.82 Rent list price / sq ft
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