Housing and Housing Statistics in Colorado Springs, CO
Housing is often the largest expense we face each month. The average monthly home ownership costs for owners with a mortgage in Colorado Springs is $1,474, which is lower than the nation as a whole. The average monthly rent in Colorado Springs is $888, which is lower than the U.S. Approximately 100,106 housing units are owner-occupied. About 67.3% of owners and 49.5% of renters pay less than 30% of their income toward housing expenses, a measure of affordability. Owners make up 55.1% of housing units. 38.6% of the housing units are occupied by renters. 89.5% of homes in Colorado Springs were built after 1990. 60.2% of all housing units in Colorado Springs have three bedrooms or more.
Own their own homes100,106
Median home price$208,600
Median monthly mortgage$1,474