Colorado Springs, CO home prices
Typical home $446,711 · -1.4% in a year · income needed $119,100
The Colorado Springs, CO metro area ranks 104 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -1.4% in a year and +3.8% over five years. With 20% down at 7.11%, the typical home costs about $2,779 a month including 0.41% property tax (El Paso County rate).
Mortgage on the typical Colorado Springs home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $89,342 | $357,369 | $2,404 | $0 | $375 | $2,779 | $119,100 |
| 10% down | $44,671 | $402,040 | $2,705 | $168 | $375 | $3,247 | $139,100 |
| 5% down | $22,336 | $424,375 | $2,855 | $177 | $375 | $3,406 | $146,000 |
| 3.5% down (FHA) | $15,635 | $438,620 | $2,951 | $198 | $375 | $3,523 | $151,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.41% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Colorado Springs area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| El Paso County, CO | $445,559 | -1.4% | 0.41% |
| Teller County, CO | $472,557 | -1.3% | 0.35% |
What can you afford in Colorado on your salary? · Colorado home prices · Salaries in Colorado
Frequently asked questions
How much is a house in Colorado Springs?
The typical home in the Colorado Springs, CO metro area is worth $446,711 (Zillow, September 2026).
What salary do you need to buy a house in Colorado Springs?
About $119,100 a year for the typical home with 20% down at 7.11%.