Investor-friendly real estate agents in Colorado Springs, CO
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Colorado Springs is cheaper than Denver and rents slightly better, but it still doesn't cash flow at median prices. A typical home in the metro is worth about $448,000 and rents for about $1,790 a month, a rent-to-price ratio of roughly 0.40%. Home values are about 8% below their July 2022 peak, while rents are at a record high and up about 2% in a year. The steady demand comes from the military: Fort Carson, Peterson and Schriever Space Force Bases and the Air Force Academy bring a constant flow of households who rent. The metro has grown about 20% since 2010, though domestic migration has been close to zero since 2021 and jobs dipped in 2025. Colorado law has moved toward tenants, including a 2024 for-cause eviction law, and the city limits short-term rentals that aren't owner-occupied. Our vetted agent partners cover Colorado Springs, Fountain and Monument.
Rental purchases in Colorado Springs, Fountain and Monument, from a partner who has lived in the Springs since 2004, is married to a retired Air Force veteran, and has owned two brokerages.
Help for investors buying from another state, including military households who know they'll be stationed here.
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Is Colorado Springs worth investing in? The long-term trends
People, jobs, rents and prices for the Colorado Springs metro, straight from the Census Bureau, the Bureau of Labor Statistics and Zillow. Hover or tap a chart for exact values.
View data table
| Period | Value |
|---|---|
| 2010 | 650,626 |
| 2011 | 661,076 |
| 2012 | 669,939 |
| 2013 | 679,391 |
| 2014 | 687,526 |
| 2015 | 698,874 |
| 2016 | 714,386 |
| 2017 | 727,427 |
| 2018 | 740,039 |
| 2019 | 749,730 |
| 2020 | 758,467 |
| 2021 | 763,359 |
| 2022 | 766,673 |
| 2023 | 770,497 |
| 2024 | 777,099 |
| 2025 | 781,796 |
View data table
| Period | Value |
|---|---|
| 2011 | +3,479 |
| 2012 | +497 |
| 2013 | +2,328 |
| 2014 | +1,284 |
| 2015 | +3,585 |
| 2016 | +8,861 |
| 2017 | +7,301 |
| 2018 | +7,183 |
| 2019 | +5,218 |
| 2020 | +2,597 |
| 2021 | +1,208 |
| 2022 | -131 |
| 2023 | -1,413 |
| 2024 | +527 |
| 2025 | +195 |
View data table
| Period | Value |
|---|---|
| 2010 | 244,600 |
| 2011 | 247,700 |
| 2012 | 250,200 |
| 2013 | 255,800 |
| 2014 | 261,400 |
| 2015 | 270,200 |
| 2016 | 278,300 |
| 2017 | 286,200 |
| 2018 | 292,500 |
| 2019 | 300,100 |
| 2020 | 292,000 |
| 2021 | 303,900 |
| 2022 | 317,000 |
| 2023 | 327,100 |
| 2024 | 332,000 |
| 2025 | 328,700 |
View data table
| Period | Value |
|---|---|
| Dec 2015 | $1,038/mo |
| Dec 2016 | $1,104/mo |
| Dec 2017 | $1,184/mo |
| Dec 2018 | $1,245/mo |
| Dec 2019 | $1,321/mo |
| Dec 2020 | $1,411/mo |
| Dec 2021 | $1,596/mo |
| Dec 2022 | $1,666/mo |
| Dec 2023 | $1,704/mo |
| Dec 2024 | $1,731/mo |
| Dec 2025 | $1,708/mo |
| Aug 2026 | $1,787/mo |
View data table
| Period | Value |
|---|---|
| Dec 2010 | $208,599 |
| Dec 2011 | $201,310 |
| Dec 2012 | $210,179 |
| Dec 2013 | $220,292 |
| Dec 2014 | $228,591 |
| Dec 2015 | $244,684 |
| Dec 2016 | $265,589 |
| Dec 2017 | $289,636 |
| Dec 2018 | $316,768 |
| Dec 2019 | $337,278 |
| Dec 2020 | $372,157 |
| Dec 2021 | $445,835 |
| Dec 2022 | $466,255 |
| Dec 2023 | $462,932 |
| Dec 2024 | $466,929 |
| Dec 2025 | $456,623 |
| Aug 2026 | $448,492 |
View data table
| Period | Value |
|---|---|
| Dec 2015 | 19.6× |
| Dec 2016 | 20.0× |
| Dec 2017 | 20.4× |
| Dec 2018 | 21.2× |
| Dec 2019 | 21.3× |
| Dec 2020 | 22.0× |
| Dec 2021 | 23.3× |
| Dec 2022 | 23.3× |
| Dec 2023 | 22.6× |
| Dec 2024 | 22.5× |
| Dec 2025 | 22.3× |
| Aug 2026 | 20.9× |
Data retrieved October 15, 2026. Figures cover the Colorado Springs metro area.
The numbers and rules that matter in Colorado Springs
Zillow Home Value Index, Colorado Springs metro, Aug 2026 (−1.4% YoY).
Zillow Observed Rent Index, all home types, Aug 2026 (+2.3% YoY). Single-family 3-beds rent higher.
Typical rent ÷ typical home value. Well under the 1% rule; plan on cash flow from buying right, not from rents.
Over the past year: home values −1.4%, rents +2.3%.
Colorado landlord-tenant basics
Colorado has added tenant protections steadily since 2019, so leases and notices written for older rules may not hold up. The points investors ask about most:
- No rent control: Colorado bars cities and counties from controlling rents on private residential property (C.R.S. 38-12-301), and a 2023 repeal bill failed. Rent increases are limited to once in any 12 months of a tenant's occupancy, and without a written lease you need to give 60 days' written notice.
- Nonpayment: before filing an eviction, give the tenant a written demand to pay in full or leave within 10 days (C.R.S. 13-40-104). A landlord who owns five or fewer single-family homes can write a shorter period into the lease.
- For-cause eviction (HB24-1098, 2024): after a tenant has lived in the unit for 12 months, you can only end or decline to renew the tenancy for a reason the law lists, such as unpaid rent, lease violations or holding over. No-fault reasons, like moving in yourself or a family member, selling, or a major renovation, need at least 90 days' written notice and may trigger relocation assistance. Short-term rentals and owner-occupied single-family homes, duplexes and triplexes where the owner lives on the same lot are exempt.
- Security deposits: no more than two months' rent. Under HB25-1249, effective January 1, 2026, return it within 30 days after the lease ends (a lease can extend that to 60 days) with a written statement of any deductions, or forfeit the right to keep any of it. Bad-faith withholding can cost three times the amount withheld.
- Late fees: none until rent is at least 7 days late, then no more than $50 or 5% of the past-due rent, whichever is greater, and only if the lease says so (C.R.S. 38-12-105).
- Military tenants: the federal Servicemembers Civil Relief Act lets a servicemember end a lease early with written notice and a copy of permanent-change-of-station or deployment orders (90 days or more). In a town with four major installations, expect it and write your lease with it in mind.
Short-term rental rules in Colorado Springs
Colorado Springs requires a short-term rental permit and splits them into owner-occupied and non-owner-occupied types. A unit is owner-occupied only if the owner lives in it at least 185 days a year. The tighter rules for non-owner-occupied rentals date to an ordinance amendment of December 2019.
- Non-owner-occupied permits applied for after December 26, 2019 aren't allowed in the single-family zones (R-E, R-1 9, R-1 6 and single-family PDZs). In other zones, a new non-owner-occupied rental must be at least 500 feet from another one. There's no citywide cap on the total number of permits.
- Since June 30, 2025 (Ordinance 25-45), a property with an accessory dwelling unit can't have a short-term rental permit, for the ADU or the main house. Properties that already had both legally permitted on that date can keep them until the permit ends.
- The permit is valid for one year and renewable. It belongs to the owner and ends when the property is sold, so you can't buy a permitted STR and keep its permit. Each listing needs its own permit, and you need a 24-hour local contact.
- All taxes owed to the city must be paid before a permit is issued. Airbnb and VRBO collect and remit city sales tax on their bookings; if you list elsewhere you need your own city sales tax license. Short-term rentals also owe the city's 2% Lodgers and Automobile Rental Tax (LART), like hotels do.
- HOAs and covenants can ban short-term rentals outright. Fountain, Monument and unincorporated El Paso County have their own rules. Furnished stays of 30 days or more for traveling military and contractors are a common alternative.
Last reviewed October 15, 2026. General information, not legal or tax advice — rules and fees change, so confirm with the city, the statute, or your attorney before you rely on them. Sources: Zillow Research data (ZHVI, ZORI) — Colorado Springs metro; Colorado General Assembly — HB24-1098, Cause Required for Eviction of Residential Tenant; Colorado General Assembly — HB25-1249, Tenant Security Deposit Protections; Colorado Division of Real Estate — HB25-1249 summary; Colorado General Assembly — HB21-1121, Residential Tenancy Procedures; Colorado General Assembly — HB19-1118, Time Period To Cure Lease Violation; Colorado General Assembly — HB23-1115, Repeal Prohibition Local Residential Rent Control (postponed indefinitely); Colorado Legislative Council — Colorado Law Summary: Renters' Rights; Colorado Judicial Branch — Understanding the Eviction Process (June 2025); U.S. Department of Justice — Servicemembers Civil Relief Act; City of Colorado Springs — Short term rentals; Colorado Springs City Code § 7.5.510 — Short term rental permit; City of Colorado Springs — Accessory dwelling units; Colorado Springs Ordinance No. 25-45 (ADUs); City of Colorado Springs — Lodgers and Automobile Rental Tax (LART).
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Questions investors ask about Colorado Springs
Which areas do your Colorado Springs agents cover?
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Our vetted agent partners here cover Colorado Springs, Fountain and Monument. One has lived in the Springs since 2004, is married to a retired Air Force veteran and has owned two brokerages. Tell us your strategy, budget and target area and we'll match you.
Is Colorado Springs a good market for cash-flowing rentals?
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Not at median prices with a mortgage. Typical rent-to-price in the metro is about 0.40% a month, far below the 1% rule. It's a better ratio than Denver's, rents are at a record high, and military demand keeps units filled. Investors who do well here buy below median, put more cash down, or hold for the long term.
How does the military affect the Colorado Springs rental market?
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Fort Carson, Peterson and Schriever Space Force Bases and the Air Force Academy bring a steady supply of renters, and housing allowances are paid monthly. The trade-off is scheduled move-outs: under the federal Servicemembers Civil Relief Act, a servicemember with permanent-change-of-station or deployment orders can end a lease early. Budget for turnover and check rents against the housing allowance for the nearest base.
Can I run an Airbnb in Colorado Springs?
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Yes, with a city permit, but investor-owned (non-owner-occupied) STRs are limited. New ones aren't allowed in single-family zones and must be 500 feet from another non-owner-occupied STR elsewhere. Since mid-2025, properties with an ADU can't get a permit, and permits don't transfer when you buy. Check HOA covenants too.
Is Colorado landlord-friendly?
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Less than it used to be. Cities can't impose rent control, but since 2024 most tenants who've been in place 12 months can only be removed for a reason listed in state law, with 90 days' notice for no-fault reasons. Nonpayment requires a 10-day demand, deposits are capped at two months' rent and due back within 30 days (60 if the lease says so), and late fees are capped.
What does it cost to get matched with a Colorado Springs agent?
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Nothing. Agents Invest is free for investors. The agent pays us a referral fee only if you close a deal with them.
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