Safe Rate Local

Colorado Springs

Learn about the people, housing, costs and businesses in Colorado Springs

Median Home$481,411
Median Rent$1,852/month
Population767,824
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services11% arts, food & hospitality
Home Value Growth+5.9% over 2 years
Young Adults34% of residentsabove average nationally
Homeowners67% of occupied units
NotableVeteran Community16% of residents · top 2% nationally
NotableHigh Incomes$100k/year · top 13% nationally
Colorado Springs

Frequently Asked Questions

What are today's mortgage rates in Colorado Springs?

Mortgage rates for Colorado Springs are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Colorado Springs
What is the median home price in Colorado Springs?

The median home value in Colorado Springs is $481k. The median monthly rent is $1,852. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colorado Springs?

Home values in Colorado Springs have increased 5.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Colorado Springs?

Based on a typical all-in ownership cost of $1,809/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colorado Springs is $100k/year.

Calculate your buying power
What industries drive the economy in Colorado Springs?

The largest employment sectors in Colorado Springs are public administration (24%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.