Home Values

Colorado Springs Metro 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

$212,200

  • 5.7% 1-year change
  • 3.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Colorado Springs Metro is $212,200. Colorado Springs Metro home values have gone up 5.7% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in Colorado Springs Metro is $117, which is lower than the Colorado average of $166. The median price of homes currently listed in Colorado Springs Metro is $250,000 while the median price of homes that sold is $210,775. The median rent price in Colorado Springs Metro is $1,195, which is lower than the Colorado median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Colorado Springs Metro 2.4 homes are foreclosed (per 10,000). This is greater than the Colorado value of 2.1 and also lower than the national value of 4.2

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 Metro is 2.8%, which is lower than the national value of 6.4%. 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 Metro homeowners underwater on their mortgage is 17.9%, which is higher than Colorado at 11.3%.

Read more
Relative ZHVI
- +

Colorado Springs Metro Market Overview

Data through Nov 30, 2014
  • $212,200 ZHVI
  • 3.2% 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
    (Nov 30, 2015)
  • $250,000 Median listing price
  • $210,775 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Colorado Springs Metro Market Health

Data through Nov 30, 2014
  • 7.1/10 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.
  • 83 Average days on Zillow (Oct 31, 2014)
  • 17.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.4 homes Colorado Springs Metro
2.1 homes Colorado
4.2 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Colorado Springs Metro

Name Median ZHVI
Black Forest $411,500
Monument $384,000
Peyton $255,600
Name Median ZHVI
Woodland Park $252,100
Colorado Springs $207,600
Fountain $177,900
Name Median ZHVI
Cimarron Hills $171,900
Security-Widefield $170,300
Stratmoor $131,900

Listings & Sales

Data through Nov 30, 2014
  • $117 Median list price / sq ft
  • $113 Median sale price / sq ft
  • No data Listings with price cut
18.5%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Colorado Springs Metro Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,306 Colorado Springs Metro
    $1,620 Colorado
    $1,342 United States

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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,195 Rent list price
  • $0.79 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading