Colorado Springs, CO Rental Market Analysis
Updated March 2026 — Investment metrics, cap rates, rent data, and neighborhood analysis for rental property investors in Colorado Springs, Colorado.
Colorado Springs Rental Market Overview
Colorado Springs benefits from five military installations, the US Olympic Training Center, and a growing tech sector.
With a median home price of $425,000 and average monthly rents around $1,800, Colorado Springs offers investors a rent-to-price ratio of 0.42%. At current market conditions, a typical rental property in Colorado Springs generates an estimated cap rate of 5.1% and a cash-on-cash return of approximately 5.5% with 25% down financing at 6.5%.
Major Employers in Colorado Springs
Rental demand in Colorado Springs is supported by major employers including Fort Carson, USAFA, Peterson SFB, Schriever SFB, Centura Health. These institutions provide the job base that drives consistent tenant demand for rental housing in El Paso County.
Colorado Springs ZIP Codes for Investors
Key ZIP codes in the Colorado Springs metro area: 80901,80903,80904,80905,80906,80907,80909,80910,80911,80915,80916,80917,80918,80919,80920,80921,80922,80923,80924,80925,80927,80938,80939,80951. Each neighborhood carries different risk/return profiles — use becvio's property analysis tools to evaluate specific deals.
Analyze a Colorado Springs Rental Property
Why Invest in Colorado Springs, CO Rental Properties?
Colorado Springs stands out for rental property investors because of its competitive cap rates averaging 5.1%, combined with robust annual appreciation of 4.3%. The $425,000 median home price makes Colorado Springs accessible for investors at various capital levels, while $1,800/month rents provide meaningful cash flow.
With a gross rent multiplier of 19.7x and estimated DSCR of 0.24 on conventional financing, Colorado Springs rental properties may require careful underwriting to ensure positive cash flow. Investors using becvio can track these metrics in real-time across their entire portfolio.