City · 487,887 residents · El Paso County, Colorado
Colorado Springs, Colorado
In Colorado Springs, a typical home is worth $452,600 and typical rent is $1,648 a month. Compared with all of El Paso County, typical household income is 6% lower and the share of households that own their home is 5 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $426,028 to $439,542.
Typical rent
$1,717a month
▲ 2.6% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,548 to $1,717.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Colorado Springs is in El Paso County. The FHA loan limit ($541,650 for a one-unit home), the fair market rents and the help on this page are those of all of El Paso County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Stratmoor, the typical home value is $310,000: 32% less than in Colorado Springs ($452,600).
2
Nearby, in Stratmoor, the typical rent is $1,324: 20% less than in Colorado Springs ($1,648).
3
61% of households in Colorado Springs own their home, against 66% in El Paso County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Colorado Springs
What homes there are in Colorado Springs, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Colorado Springs
El Paso County
Colorado
United States
Kind of home: Colorado Springs and its comparisons
Measure
Colorado Springs
El Paso County
Colorado
United States
Detached house
60%
67%
61%
61%
Attached house
8%
8%
8%
6%
Building of 2 to 4
6%
5%
5%
8%
Apartments (5 or more)
23%
17%
23%
19%
Mobile home
2%
3%
4%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Colorado Springs, 6 in 10 homes are single-family detached houses; in El Paso County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Colorado Springs
El Paso County
Colorado
United States
Year built: Colorado Springs and its comparisons
Measure
Colorado Springs
El Paso County
Colorado
United States
Before 1960
14%
12%
16%
26%
1960–1979
26%
24%
24%
24%
1980–1999
31%
30%
28%
25%
2000–2009
14%
17%
17%
14%
2010 or later
16%
17%
16%
11%
In Colorado Springs, half of the homes were built before 1986; in El Paso County, before 1989.
Homes in Colorado Springs are smaller: 62% have 3 bedrooms or more; in El Paso County, 68%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K4%
$100K–$200K2%
$200K–$300K9%
$300K–$500K47%
$500K–$750K26%
FHA limit: $541,650
$750K–$1M8%
$1M or more4%
Value of owner-occupied homes: Colorado Springs and its comparisons
Measure
Colorado Springs
Under $100K
4%
$100K–$200K
2%
$200K–$300K
9%
$300K–$500K
47%
$500K–$750K
26%
$750K–$1M
8%
$1M or more
4%
By price, most homes in Colorado Springs sit under the FHA limit for El Paso County ($541,650): about 67%.
Monthly rent with utilities
Under the limitOver the limit
Under $5003%
$500–$9998%
$1,000–$1,49930%
$1,500–$1,99930%
HUD fair market rent, 2 bedrooms: $1,621
$2,000–$2,49919%
$2,500–$2,9995%
$3,000 or more5%
Monthly rent with utilities: Colorado Springs and its comparisons
Measure
Colorado Springs
Under $500
3%
$500–$999
8%
$1,000–$1,499
30%
$1,500–$1,999
30%
$2,000–$2,499
19%
$2,500–$2,999
5%
$3,000 or more
5%
HUD's 2-bedroom fair market rent (FMR) for El Paso County is $1,621: about 48% of rents in Colorado Springs are below it.
With a mortgage
$2,063 a month
El Paso County: $2,145 a month
Without a mortgage
$607 a month
El Paso County: $623 a month
Owners with a mortgage
70%
El Paso County: 72%
The typical cost for an owner with a mortgage in Colorado Springs is $2,063 a month, near the figure in El Paso County ($2,145).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Colorado Springs+68%
El Paso County+68%
Colorado+57%
United States+53%
Typical rent
Colorado Springs+46%
El Paso County+45%
Colorado+39%
United States+33%
Typical household income
Colorado Springs+31%
El Paso County+31%
Colorado+32%
United States+29%
Change since 2015–2019: Colorado Springs and its comparisons
Measure
Colorado Springs
El Paso County
Colorado
United States
Typical home value
+68%
+68%
+57%
+53%
Typical rent
+46%
+45%
+39%
+33%
Typical household income
+31%
+31%
+32%
+29%
The typical home value in Colorado Springs rose 68% since 2015–2019, about the same as in El Paso County (68%).
Much as in El Paso County, the typical rent in Colorado Springs rose 46% since 2015–2019.
Housing prices ran ahead of income in Colorado Springs: typical income rose 31%, against +68% for home values and +46% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Colorado Springs and its comparisons
Measure
Colorado Springs
El Paso County
Colorado
United States
Rental vacancy
3.8%
3.9%
5.1%
5.5%
Homeowner vacancy
0.9%
1.0%
0.8%
0.9%
More than one person per room
2.1%
1.9%
2.4%
3.4%
People per household
2.36
2.48
2.42
2.53
Drive alone
70%
69%
65%
69%
Carpool
9%
9%
8%
9%
Public transit
1%
0%
2%
3%
Walk or bike
2%
4%
3%
3%
Work from home
18%
17%
21%
15%
Other means
1%
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Open rentals in Colorado Springs look like those in El Paso County: the rental vacancy rate is 3.8%.
Much as in El Paso County, 2.1% of households in Colorado Springs have more than one person per room.
Much as in El Paso County, a household in Colorado Springs has 2.36 people on average.
The car rules in Colorado Springs: 70% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.
Do the math
What would you pay each month for a home in Colorado Springs?
A typical home costs more than the typical income allows
We start with a typical home in Colorado Springs, worth $452,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 50% of the typical household income in Colorado Springs, which is $84,818 a year. For that payment to be 28% of income, a household would need to earn about $151,988 a year.
The calculator's FHA and conventional loan limits are those of all of El Paso County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Colorado Springs. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $15,841 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,546
at 7.18% · 30 years
Loan amount
$444,402
Total interest
$639,391
Paid off in
November 2056
Includes $7,643 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,979 a month
Tight
$1,979 to $2,545 a month
Hard
more than $2,545 a month
Your payment · 50%
Compared with the typical household income in Colorado Springs ($84,818 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,011
Property tax
$147
Home insurance
$189
FHA mortgage insurance (MIP)
$200
You need at least $15,841 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,546; principal and interest $3,011.
The city and its county
Colorado Springs and El Paso County
Colorado Springs is in El Paso County, Colorado. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Colorado Springs
Map of El Paso County, Colorado, with Colorado Springs marked. Around it, the neighboring counties.
Colorado Springs
El Paso County
Other cities with a page
Colorado Springs's own numbers
Typical home value
$452,600
Typical monthly rent
$1,648
Typical yearly household income
$84,818
Households that own their home
61%
Effective property tax rate
0.39%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of El Paso County
FHA limit, one-unit home
$541,650
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,621
Price change over 5 years (FHFA)
+39%
Homes in a high flood-risk zone
0.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of El Paso County.
A typical home in Colorado Springs is worth $452,600: about the same as the county and 16% below Colorado. With the typical household income in Colorado Springs ($84,818 a year), a typical home costs 5.3 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Colorado Springs5.3 years
El Paso5.1 years
Colorado5.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in El Paso County
According to FHFA’s house price index, home prices in El Paso County rose 105% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of El Paso County.
Yearly change in FHFA’s price index in El Paso County, 2016 to 2025
2016: +7.5% +7.5% 2016
2017: +9.4% +9.4% 2017
2018: +10.2% +10.2% 2018
2019: +7.3% +7.3% 2019
2020: +6.1% +6.1% 2020
2021: +16.2% +16.2% 2021
2022: +16.5% +16.5% 2022
2023: −0.4% −0.4% 2023
2024: +2.6% +2.6% 2024
2025: +0.5% +0.5% 2025
Change in FHFA’s price index in El Paso County, Colorado and the United States
Period
County
Colorado
U.S.
Last year (2025)
+0.5%
+0.1%
+2.9%
5 years (2020–2025)
+39%
+38%
+47%
10 years (2015–2025)
+105%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Colorado Springs next to El Paso County, Colorado and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Colorado Springs$452,600
El Paso$461,000
Colorado$539,400
United States$332,700
Typical monthly rent
Colorado Springs$1,648
El Paso$1,696
Colorado$1,761
United States$1,413
Typical yearly household income
Colorado Springs$84,818
El Paso$90,363
Colorado$95,470
United States$80,734
See the full table
Colorado Springs next to El Paso County and Colorado
Measure
Colorado Springs
El Paso County
Colorado
U.S.
Typical home value
$452,600
$461,000
$539,400
$332,700
Typical monthly rent
$1,648 ▼3% below the county
$1,696
$1,761
$1,413
Typical yearly household income
$84,818 ▼6% below the county
$90,363
$95,470
$80,734
Households that own their home
61% ▼5 points below the county
66%
66%
65%
Typical yearly property tax
$1,765 ▼6% below the county
$1,874
$2,602
$3,119
Effective property tax rate
0.39% ▼0.02 points below the county
0.41%
0.48%
0.94%
Renters with high rent for their income
54% ▼1 points below the county
55%
53%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below El Paso County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Colorado Springs
For a typical $452,600 home in Colorado Springs, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Colorado Springs's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,546a month
Least cash to close
Down payment
$15,841
Cash to close
$29,419
Rate
7.18%
Mortgage insurance
FHA MIP · $200
Conventional, 5% down$3,463a month
Down payment
$22,630
Cash to close
$36,208
Rate
7.18%
Mortgage insurance
PMI · $215
Conventional, 20% down, no PMI$2,789a month
Down payment
$90,520
Cash to close
$104,098
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,207a month
Down payment
$67,890
Cash to close
$81,468
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Colorado Springs
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,546
$15,841
$444,402
7.18%
FHA MIP · $200
$29,419
580
Conventional, 5% down
$3,463
$22,630
$429,970
7.18%
PMI · $215
$36,208
620*
Conventional, 20% down, no PMI
$2,789
$90,520
$362,080
7.18%
None
$104,098
620*
ITIN, 15% down (example)
$3,207
$67,890
$384,710
8.18%
None
$81,468
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Colorado Springs is $1,648 a month: 3% below the county. In Colorado Springs, 54% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of El Paso County, by unit size. To pay the 2-bedroom one ($1,621 a month) without spending more than 30% of your income, you would need to earn $31.17 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in El Paso County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,129
$21.71
$45,160
1 bedroom
$1,380
$26.54
$55,200
2 bedrooms
$1,621
$31.17
$64,840
3 bedrooms
$2,245
$43.17
$89,800
4 bedrooms
$2,574
$49.50
$102,960
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Colorado Springs
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Colorado Springs has 19 ZIP codes with their own.
For 2 bedrooms it runs from $1,350 in 80907 to $2,430 in 80927.
11 of the 19 are above the fair market rent for El Paso County ($1,621).
2-bedroom fair market rent in each of the 19 ZIP codes of Colorado Springs, beside the one for El Paso County. For 2 bedrooms it runs from $1,350 in 80907 to $2,430 in 80927. 11 of the 19 are above the fair market rent for El Paso County ($1,621).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,621
Lowest: $1,350 (80907)Highest: $2,430 (80927)
Fair market rent by ZIP code and size in Colorado Springs, fiscal year 2027.
80903
$1,070
$1,310
$1,540
$2,130
$2,450
80904
$990
$1,210
$1,420
$1,970
$2,250
80905
$1,000
$1,230
$1,440
$1,990
$2,290
80907
$940
$1,150
$1,350
$1,870
$2,140
80909
$990
$1,210
$1,420
$1,970
$2,250
80910
$1,040
$1,280
$1,500
$2,080
$2,380
80914
$1,310
$1,540
$1,900
$2,680
$3,150
80916
$1,090
$1,330
$1,560
$2,160
$2,480
80917
$1,020
$1,240
$1,460
$2,020
$2,320
80918
$1,200
$1,460
$1,720
$2,380
$2,730
80919
$1,250
$1,520
$1,790
$2,480
$2,840
80920
$1,370
$1,680
$1,970
$2,730
$3,130
80922
$1,370
$1,680
$1,970
$2,730
$3,130
80923
$1,360
$1,670
$1,960
$2,710
$3,110
80924
$1,480
$1,800
$2,160
$3,030
$3,460
80925
$1,590
$1,940
$2,280
$3,160
$3,620
80927
$1,690
$2,070
$2,430
$3,360
$3,860
80938
$1,530
$1,870
$2,200
$3,050
$3,500
80951
$1,480
$1,800
$2,120
$2,940
$3,370
ZIP code2 bd3 bd
80903 $1,540$2,130
80904 $1,420$1,970
80905 $1,440$1,990
80907 $1,350$1,870
80909 $1,420$1,970
80910 $1,500$2,080
80914 $1,900$2,680
80916 $1,560$2,160
80917 $1,460$2,020
80918 $1,720$2,380
80919 $1,790$2,480
80920 $1,970$2,730
80922 $1,970$2,730
80923 $1,960$2,710
80924 $2,160$3,030
80925 $2,280$3,160
80927 $2,430$3,360
80938 $2,200$3,050
80951 $2,120$2,940
7 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Colorado Springs when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 46 buildings with rents for lower incomes in Colorado Springs. These are the largest.
Colorado Springs915 Yuma St, Colorado Springs 80909276 low-income homes · Run by Housing Authority of the City of Colorado Springs · Average payment: $370 a month · Average wait: 17 months · Homes at several sites(719) 387-6700
Copper Range Apartments7535 Copper Range Hts, Colorado Springs 80908240 homes, 237 low-income · 1 bd: 50 · 2 bd: 139 · 3 bd: 51 · In service since 2018 · For families
Fountain Springs Apts4325 Fountain Springs Grv, Colorado Springs 80916228 low-income homes · 1 bd: 24 · 2 bd: 116 · 3 bd: 88 · In service since 2003 · For families
Colorado Springs1087 Westmoreland Rd, Colorado Springs 80907215 low-income homes · Run by Housing Authority of the City of Colorado Springs · Average payment: $486 a month · Average wait: 23 months · Homes at several sites(719) 387-6700
Colorado Springs1940 S El Paso Ave, Colorado Springs 80905215 low-income homes · Run by Housing Authority of the City of Colorado Springs · Average payment: $495 a month · Average wait: 30 months · Homes at several sites(719) 387-6700
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in El Paso County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Colorado Springs or El Paso County. The ones below are statewide in Colorado: they work in Colorado Springs the same as in the rest of the state.
Colorado state agency help with the down payment or closing costs: a grant of up to 3% of the mortgage or a deferred second mortgage of up to 4%, both capped at $25,000.Offered by Colorado Housing and Finance Authority (CHFA).
$25,000 from the Colorado state agency for the down payment of first-generation buyers (neither you nor your parents have owned a home); repaid when you sell, refinance or pay off the mortgage.Offered by Colorado Housing and Finance Authority (CHFA).
The HUD-approved agencies closest to the center of Colorado Springs, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
CE
Community Economic Defense Project Cedp- Colorado Springs
No legal help resource on our list is for Colorado Springs or El Paso County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Colorado Springs and all of El Paso County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Colorado Springs?
The typical home value in Colorado Springs is $452,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in El Paso County it is $461,000.
How much does it cost to rent in Colorado Springs?
Typical rent in Colorado Springs is $1,648 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in El Paso County is $1,621.
What is the FHA loan limit in Colorado Springs?
Colorado Springs uses the FHA limit for all of El Paso County (2026): $541,650 for a one-unit home and $1,041,650 for a four-unit home.
How much property tax do owners pay in Colorado Springs?
The typical homeowner in Colorado Springs pays $1,765 a year, according to the U.S. Census Bureau. That is 0.39% of the home’s value; in El Paso County, the rate is 0.41%.
Where can I find free help to buy or rent in Colorado Springs?
There is 1 HUD-approved counseling agency with an office in El Paso County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
