Property Makler
Advanced analytics for residential real estate investing

Colorado Springs, CO housing market

Housing market indicators

Indicator	2022	2023	2024	2025*	2022	2023	2024	YTD
Median Listing Price per Square Feet	$217	$225	$229	$226	-4.8%	3.7%	1.8%	-1.3%
Active Listing Count	1,937	1,813	2,517	3,819	162.1%	-6.4%	38.8%	51.7%
Median Days on Market	63	59	72	68	96.9%	-6.3%	22%	-5.6%
Share of listings with price increase	2.3%	1.1%	0.9%	0.9%
Share of listings with price decrease	22.5%	24.6%	23.3%	25%

* last available value

Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED

The Colorado Springs Metropolitan Statistical Area (MSA) includes El Paso County and Teller County, with a total population of approximately 777,634 as of 2024 estimates.
El Paso County holds 730,395 residents (2020 census), while Teller County has 24,710.
Major cities and towns: Colorado Springs (493,554 pop., 2025 est.), Security-Widefield (38,639, CDP), Fountain (29,802), Cimarron Hills (19,311, CDP), and smaller areas like Woodland Park in Teller County.
Key geographic regions: Urban core around Colorado Springs, military-influenced southeast (near Fort Carson), northern suburbs (e.g., Briargate), western foothills (Manitou Springs, Woodland Park), and eastern plains.
Population density for MSA: 111.9 per km²; urban areas much higher at around 286.5 per square mile.

Area	City/Town	Population	Density	Income	Quality of Schools
Urban Core	Colorado Springs	493,554 (2025)	High urban	Median	GreatSchools 4-9/10
Southeast	Fountain	29,802 (2020)	Medium-high	Low-median	GreatSchools 3-7/10
CDP Southeast	Security-Widefield	38,639 (2020)	High	Low	GreatSchools 2-6/10
CDP East	Cimarron Hills	19,311 (2020)	Medium	Low-median	GreatSchools 3-7/10
North Suburbs	Briargate (area)	~50,000 (est.)	Medium	High	GreatSchools 7-10/10
West Foothills	Manitou Springs	~5,500 (est.)	Medium	Median-high	GreatSchools 6-9/10
Teller County	Woodland Park	~7,500 (est.)	Low	Median	GreatSchools 5-8/10
Urban Core	Colorado Springs	493,554 (2025)	High urban	Median	Crime: Medium
Southeast	Fountain	29,802 (2020)	Medium-high	Low-median	Crime: Medium-high
CDP Southeast	Security-Widefield	38,639 (2020)	High	Low	Crime: High
CDP East	Cimarron Hills	19,311 (2020)	Medium	Low-median	Crime: Medium-high
North Suburbs	Briargate (area)	~50,000 (est.)	Medium	High	Crime: Low
West Foothills	Manitou Springs	~5,500 (est.)	Medium	Median-high	Crime: Low-medium
Teller County	Woodland Park	~7,500 (est.)	Low	Median	Crime: Low
All Areas	-	-	Property tax	~0.5-0.7%	-
All Areas	-	-	-	-	No local income tax

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Property taxes average 0.55% in El Paso County, 0.42% in Teller County.
No local personal income taxes beyond state 4.4% flat rate.
Comments: North suburbs attract families with top schools; southeast areas affordable but higher crime; west offers scenic views, limited supply.

MSA median household income around $85,000-$90,000, higher than national average.
Per capita income approximately $45,000; north suburbs exceed $120,000 median household.
Southeast areas like Fountain, Security-Widefield below $70,000 median.
Bachelor's degree or higher: 38% of adults in MSA, up from prior decades.
Colorado Springs city: 37% college grads; military presence boosts skilled workforce.
Non-white population over 33%, with Hispanic at 19%, multiracial 6%; education levels rising among Hispanic/Asian groups.
Average age 35 in city, MSA skews slightly older with 15% over 65.

Military dominant: Fort Carson, Peterson Space Force Base, Air Force Academy employ 50,000+.
Defense and aerospace: Lockheed Martin, Boeing facilities drive high-wage jobs.
Tourism: Pikes Peak, Garden of the Gods attract 10M+ visitors yearly.
Technology and cybersecurity growing around bases.
Healthcare: UCHealth, Children's Hospital major employers.
Manufacturing and IT services support 20% of jobs.
Retail and hospitality tied to population growth.

Zoning moderately open: El Paso County allows single-family zoning reforms since 2023, but urban core restrictive.
Regulatory strictness medium: Permitting delays 6-12 months; impact fees $10,000-$20,000 per unit.
Construction workforce costs high: Labor shortage due to national trends, wages 20% above average.
Land availability good in east/west exurbs, limited in foothills.
New builds: 5,000-7,000 units annually, lagging 2% population growth.
Material costs elevated post-2022, slowing multifamily.

Net migration positive: +15,000 annually, driven by military relocations and remote workers.
Growing industries: Aerospace/defense up 5% yearly; cybersecurity adding 2,000 jobs.
Declining: Traditional manufacturing flat; retail slowing with e-commerce.
In-migration from California/Texas for affordability vs. Denver.
Military expansions at Peterson SFB boost southeast demand.
Retiree influx to Teller County foothills.

Inventory low: 2-3 months supply, pushing median home price to $450,000-$500,000.
Affordability gap: 30% of income on housing for median buyers.
Military turnover creates short-term rentals demand, inflating prices.
Water scarcity: Pikes Peak region limits high-density growth.
Labor shortages delay builds amid 10% annual appreciation.
Insurance rising due to wildfire risk in west.
Traffic congestion in north corridors hampers expansion.

Area	Appreciation Potential	Risk
North Suburbs (Briargate)	High	Low
West Foothills (Manitou)	High	Medium (wildfire)
Urban Core (Downtown)	Medium-high	Medium (density)
Southeast (Fountain)	Medium	Medium-high (crime)
East CDPs (Security-Widefield)	Low-medium	High
Teller County (Woodland Park)	Medium	Medium (remote)

To view all table columns, please open this table on a laptop or desktop screen.