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

$211,200

  • 5.0% 1-year change
  • 3.4% 1-year forecast

The median home value in Colorado Springs is $211,200. Colorado Springs home values have gone up 5.0% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Colorado Springs is None. The median rent price in Colorado Springs is $1,187, which is lower than the Colorado Springs Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Colorado Springs 3.6 homes are foreclosed (per 10,000). This is lower than the Colorado Springs Metro value of 4.2 and also lower than the national value of 3.9

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 2.7%, which is lower than the national value of 6.3%. 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 15.3%, which is lower than Colorado Springs Metro at 16.5%.

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Relative ZHVI
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Colorado Springs Market Overview

Data through Apr 30, 2015
  • $211,200 ZHVI
  • 3.4% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $212,475 Median sale price
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Colorado Springs Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 15.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.6 homes Colorado Springs
4.2 homes Colorado Springs Metro
3.9 homes 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 Apr 30, 2015
  • No recent data Median list price / sq ft
  • $115 Median sale price / sq ft
  • No data Listings with price cut
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Colorado Springs Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,314 Colorado Springs
    $1,329 Colorado Springs Metro
    $1,364 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,187 Rent list price
  • $0.80 Rent list price / sq ft
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