How Long to Save for a Home in Colorado Springs, CO
Median home price, average rent, and a personalized savings timeline for Colorado Springs — updated 2026-Q1.
Median Home Price
$440,000
Average Rent
$1,650/mo
Median Income
$72,000/yr
5yr Price Growth
+30%
Calculate for Colorado Springs
Invest this % of your rent ($1,650/mo)
Down payment
Down Payment Scenarios in Colorado Springs
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $15,400 | 6.1 years | 6.8 years |
| 10% Down | $44,000 | 12.8 years | 16 years |
| 20% Down | $88,000 | 19.1 years | 25.7 years |
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Buying a Home in Colorado Springs, Colorado
Colorado Springs is one of the West's growing metro areas with a population of 490,000. The median home price of $440,000 is near the national average.
With average rent at $1,650/month, a renter in Colorado Springs investing 10% of their rent ($165/month) into diversified REITs could accumulate a 20% down payment of $88,000 in approximately 19.1 years. The same monthly contribution in a high-yield savings account would take about 25.7 years.
Home prices in Colorado Springs have grown 30% over the past five years, outpacing the national average. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.