Colorado Springs, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Colorado Springs Neighborhoods Since 2000




Colorado Springs, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Colorado Springs Housing Market Information

With 456,568 people, 174,441 houses or apartments, and a median cost of homes of $256,129, 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 60.98% of the city's housing units. Other types of housing that are prevalent in Colorado Springs include large apartment complexes or high rise apartments ( 22.83%), row houses and other attached homes ( 8.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.95%).

The most prevalent building size and type in Colorado Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.11% owning and 42.89% renting.

There is a lot of housing in Colorado Springs built from 1970 to 1999 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 between 1940-1969 ( 20.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.62%). There's also some housing in Colorado Springs built before 1939 ( 6.12%).

Colorado Springs Home Appreciation Rates

Appreciation rates for homes in Colorado Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.28%, which ranks in the top 30% nationwide. This equates to an annual average Colorado Springs house appreciation rate of 1.16%.

Appreciation rates are so strong in Colorado Springs that despite a nationwide downturn in the housing market, Colorado Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Colorado Springs appreciation rates continue to be some of the highest in America, at 10.97%, which is higher than appreciation rates in 95.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Colorado Springs. Colorado Springs appreciation rates in the latest quarter were at 2.94%, which equates to an annual appreciation rate of 12.30%.

Importantly, NeighborhoodScout’s exclusive research found that Colorado Springs's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Colorado, our data show that Colorado Springs's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Colorado Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$256,129

Colorado Springs, CO HOME PRICES

Value Range
> $1,230,000 0.8
$923,001 - $1,230,000 0.8
$615,001 - $923,000 3.6
$492,001 - $615,000 4.8
$369,001 - $492,000 12.2
$246,001 - $369,000 27.5
$123,001 - $246,000 41.0
$62,001 - $123,000 4.6
$0 - $62,000 4.7

Average for CO
High for Nation

Value Relative to Nation Value Relative to State
21.6424469705848 57.6419213973799

Number Of Homes And Apartments:
174,441

Colorado Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
47.02% 2.26% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,320 / per month

Homeownership Rate

Homeownership
Owners 57.11
Renters 42.89
Vacant 6.06

Housing Market Details

 

Age of Homes

AGE OF Colorado Springs HOMES
2000 or Newer 19.6
1970 - 1999 53.6
1940 - 1969 20.7
1939 or Older 6.1

Types of Homes

TYPE OF Colorado Springs HOMES
Single-Family 61.0
Townhomes 8.1
Small Apt. Buildings 5.9
Apt. Complexes 22.8
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Colorado Springs HOMES
No Bedroom 1.69
1 Bedroom 12.59
2 Bedrooms 25.36
3 Bedrooms 28.51
4 Bedrooms 21.59
5 or more bedrooms 10.25