Foreclosure Homes in Colorado Springs, CO 80916

Current Market Conditions in Colorado Springs, CO

The real estate market in Colorado Springs has been experiencing steady growth, with a current increase in home values and demand due to its attractive lifestyle, favorable climate, and abundant outdoor activities. This trend appeals to both local buyers and those relocating to the area, resulting in a competitive market.

Properties in Colorado Springs have seen a significant appreciation in value over the past year, reflecting the city’s growing popularity. The increase in new developments and infrastructure improvements continues to bolster the area's appeal, as more buyers seek to invest in the thriving local market.

Rent Prices In Colorado Springs, CO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colorado Springs, CO, is on a rollercoaster ride. The average rent price in Colorado Springs, CO, is $1,596.00. Indeed, when looking to rent in Colorado Springs, CO, you can expect to pay as little as $470.00 or as much as $5,700.00, with the average rent median estimated to be $1,470.00. The good news is that finding an affordable and desirable property to rent in Colorado Springs, CO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.