Colorado Springs appreciation rates and housing market information

Colorado Springs housing market information

With a population of 360,798, 148,850 total housing units (homes and apartments), and a median house value of $233,248, Colorado Springs real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Colorado Springs, accounting for 59.89% of the city's housing units. Other types of housing that are prevalent in Colorado Springs include large apartment complexes or high rise apartments (23.38%), duplexes, homes converted to apartments, or other small apartment buildings (7.73%), row houses and other attached homes (6.24%), and a few mobile homes or trailers (2.64%).

The most prevalent building size and type in Colorado Springs are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 57.83% owning, and 37.35% renting.

There is a lot of housing in Colorado Springs built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Colorado Springs built from 1940-1969 (25.42%). A lesser amount of the housing stock also hails from 1995 and later (13.33%), and some were built from 1939 and earlier (13.33%).

Colorado Springs home appreciation rates

Colorado Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Colorado Springs during the period has been just 5.25%, which is lower than % of US communities.

Over the last year, Colorado Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Colorado Springs's appreciation rate has been -1.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Colorado Springs were at 0.27%, which equates to an annual appreciation rate of 1.08%.

Relative to Colorado, our data show that Colorado Springs's latest annual appreciation rate is higher than 11% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Colorado Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Colorado Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Colorado Springs real estate investment or home purchase decisions.