Market Analysis
Colorado Springs Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$454,950
Average Monthly Rent
$1,606
Estimated Cap Rate
4.2%
Rent-to-Price Ratio
0.3%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 80910 | $310,000 | $1,337 | 0.43% |
| 80918 | $429,900 | $1,605 | 0.37% |
| 80906 | $480,000 | $1,650 | 0.34% |
| 80921 | $729,900 | $1,831 | 0.25% |
Context · FRED home price index
Market Trends
Colorado Springs metro area — % change since 2018
Home Prices
+69.1%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Apartment | $1,494/mo |
| Multi-Family | $1,570/mo |
| Condo | $1,594/mo |
| Townhouse | $1,984/mo |
| Single Family | $2,478/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$454,950
Down Payment (20%)$90,990
Monthly P&I$2,373
Monthly Rent$1,606
Est. NOI$11,563/yr
Est. Cash Flow-$1,409/mo
Cash on Cash-16.9%
The Colorado Springs market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Colorado Springs
- 1Compressed cap rates below 5% — focus on appreciation or value-add deals
- 21% Rule fails at median prices — need rent of $4,550/mo to pass
- 3Below-average rents keep entry costs low for new investors
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