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

$216,900

  • 7.1% 1-year change
  • 3.6% 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

Hot

Buyers' Market
Sellers' Market

The median home value in Colorado Springs Metro is $216,900. Colorado Springs Metro home values have gone up 7.1% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in Colorado Springs Metro is $119, which is lower than the Colorado average of $167. The median price of homes currently listed in Colorado Springs Metro is $259,900 while the median price of homes that sold is $211,700. The median rent price in Colorado Springs Metro is $1,200, which is lower than the Colorado median of $1,475.

Foreclosures will be a factor impacting home values in the next several years. In Colorado Springs Metro 3.7 homes are foreclosed (per 10,000). This is greater than the Colorado value of 2.3 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 Metro is 2.8%, 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 Metro homeowners underwater on their mortgage is 16.5%, which is higher than Colorado at 10.7%.

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Relative ZHVI
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Colorado Springs Metro Market Overview

Data through Feb 28, 2015
  • $216,900 ZHVI
  • 3.6% 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
    (Feb 29, 2016)
  • $259,900 Median listing price
  • $211,700 Median sale price
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Colorado Springs Metro Market Health

Data through Feb 28, 2015
  • 8.2/10 Very 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
  • 16.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.7 homes Colorado Springs Metro
2.3 homes Colorado
3.9 homes United States
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Cities in Colorado Springs Metro

Name Median ZHVI
Black Forest $404,200
Monument $369,600
Peyton $243,500
Name Median ZHVI
Woodland Park $239,000
Colorado Springs $195,100
Fountain $168,300
Name Median ZHVI
Cimarron Hills $162,600
Security-Widefield $158,700
Stratmoor $127,000

Listings & Sales

Data through Feb 28, 2015
  • $119 Median list price / sq ft
  • $114 Median sale price / sq ft
  • 12.7% Listings with price cut
20.0%
Sold below listing
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Colorado Springs Metro Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,322 Colorado Springs Metro
    $1,658 Colorado
    $1,355 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)
  • $1,200 Rent list price
  • $0.79 Rent list price / sq ft
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