Investment metrics, interactive calculators, and data-driven analysis for Colorado Springs rental properties.
Pre-filled with Colorado Springs medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Colorado Springs.
Colorado Springs, CO has a population of 491,482 and has been growing at 1.8% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $430,000 paired with median rents of $1,680/mo produces an estimated cap rate of 3.19%.
Property taxes at 0.49% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 4.5% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 5.9x, homes cost about 5.9 times the local median income of $72,400. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.7% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Colorado Springs is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.