{"area":{"city":"Colorado Springs","state":"CO","county":"El Paso County","zip":"80903"},"homeValue":{"series":[{"date":"2021-09-01","value":381280},{"date":"2021-11-01","value":387141},{"date":"2022-01-01","value":397963},{"date":"2022-03-01","value":409396},{"date":"2022-05-01","value":420240},{"date":"2022-07-01","value":422502},{"date":"2022-09-01","value":413909},{"date":"2022-11-01","value":407386},{"date":"2023-01-01","value":402228},{"date":"2023-03-01","value":399236},{"date":"2023-05-01","value":399051},{"date":"2023-07-01","value":400242},{"date":"2023-09-01","value":400704},{"date":"2023-11-01","value":399600},{"date":"2024-01-01","value":397457},{"date":"2024-03-01","value":396341},{"date":"2024-05-01","value":395393},{"date":"2024-07-01","value":394328},{"date":"2024-09-01","value":393215},{"date":"2024-11-01","value":392092},{"date":"2025-01-01","value":389815},{"date":"2025-03-01","value":387483},{"date":"2025-05-01","value":382691},{"date":"2025-07-01","value":380069},{"date":"2025-09-01","value":379596},{"date":"2025-11-01","value":379688},{"date":"2026-01-01","value":377539},{"date":"2026-03-01","value":374882},{"date":"2026-05-01","value":370749},{"date":"2026-07-01","value":370064},{"date":"2026-09-01","value":370947}],"latest":370947,"yoy":-2.278475010274081,"fiveYr":-2.7100818296265214,"sinceStart":205.98614204404848},"rent":{"series":[{"date":"2021-09-01","value":1495},{"date":"2021-11-01","value":1517},{"date":"2022-01-01","value":1576},{"date":"2022-03-01","value":1604},{"date":"2022-05-01","value":1621},{"date":"2022-07-01","value":1647},{"date":"2022-09-01","value":1627},{"date":"2022-11-01","value":1642},{"date":"2023-01-01","value":1618},{"date":"2023-03-01","value":1678},{"date":"2023-05-01","value":1704},{"date":"2023-07-01","value":1664},{"date":"2023-09-01","value":1680},{"date":"2023-11-01","value":1694},{"date":"2024-01-01","value":1686},{"date":"2024-03-01","value":1714},{"date":"2024-05-01","value":1725},{"date":"2024-07-01","value":1721},{"date":"2024-09-01","value":1704},{"date":"2024-11-01","value":1675},{"date":"2025-01-01","value":1691},{"date":"2025-03-01","value":1720},{"date":"2025-05-01","value":1721},{"date":"2025-07-01","value":1712},{"date":"2025-09-01","value":1692},{"date":"2025-11-01","value":1640},{"date":"2026-01-01","value":1654},{"date":"2026-03-01","value":1686},{"date":"2026-05-01","value":1719},{"date":"2026-07-01","value":1716},{"date":"2026-09-01","value":1708}],"latest":1708,"yoy":0.9456264775413712,"fiveYr":14.247491638795987,"sinceStart":64.54720616570327},"census":{"medianIncome":90363,"population":742999,"povertyRate":8.523447797000577,"medianHomeValue":461000,"medianGrossRent":1696,"medianPropertyTax":1874},"crime":{"scope":"city","agency":"Colorado Springs Police Department","state":"CO","period":"11-2024 to 10-2026","window":{"from":"11-2024","to":"10-2026","fellBack":false},"violentCrime":{"total":6350,"ratePer100k":639.3990655711294},"propertyCrime":{"total":27415,"ratePer100k":2760.4921862413407},"note":"City-specific totals for Colorado Springs Police Department via the FBI CDE two-step ORI lookup."},"crimeVintage":{"from":"11-2024","to":"10-2026","fellBack":false},"priceCagr":-0.5480642120295309,"rentCagr":2.700112352799966,"priceToRentRatio":18.1,"ratioVerdict":"Mixed — at 18.1× (ZIP market indexes) price-to-rent is borderline, leaning renting; at 23.9× (county median home value × HUD 2-BR fair market rent) it favors renting. Which applies depends on the rent you actually face.","cashFlow":{"price":370947,"monthlyRent":1708,"grossRent":1708,"downPct":20,"ratePct":6.75,"units":1,"state":"CO","down":74189.40000000001,"loan":296757.6,"mortgagePI":1924.764145021519,"monthlyTax":125.81285749999999,"taxRatePct":0.407,"taxRateSource":"Census ACS county effective rate 0.41% ($1,874 tax ÷ $461,000 ACS median), applied to current value","monthlyInsurance":228.75065000000004,"insuranceRatePct":0.74,"insuranceBasis":"Insurance: state-level estimate (CO avg 0.74%/yr)","insuranceHighRisk":true,"vacancyPct":5,"vacancyLoss":85.4,"egi":1622.6,"mgmtPct":10,"monthlyMgmt":170.8,"maintenancePct":5,"monthlyMaint":85.4,"capexPct":5,"monthlyCapex":85.4,"hoaMonthly":0,"monthlyHoa":0,"operatingExpenses":696.1635074999999,"noi":926.4364925,"totalExpenses":2620.927652521519,"cashFlow":-998.327652521519,"annualCf":-11979.931830258229,"cocReturn":-16.147767511609782,"capRate":2.996988224732913},"resilience":{"scenarios":[{"id":"rentDown","label":"Rent drops 10%","kind":"standard","detail":"Standard assumption","cashFlow":-1126.427652521519,"delta":-128,"survives":false},{"id":"vacancy","label":"Vacancy stretches to 8%","kind":"standard","detail":"Standard assumption","cashFlow":-1049.567652521519,"delta":-51,"survives":false},{"id":"insurance","label":"Insurance costs rise 25%","kind":"standard","detail":"Standard assumption","cashFlow":-1055.5153150215192,"delta":-57,"survives":false},{"id":"rateReset","label":"If financed at 8.25% instead","kind":"standard","detail":"Fixed-rate comparison — the deal if you'd borrowed at a higher rate today; your actual fixed payment never resets","cashFlow":-1303.0042512830264,"delta":-305,"survives":false},{"id":"historyRent","label":"Worst rent drop in available history (since 2016-04-01) (−4.8% over 7 months)","kind":"history","detail":"History-derived: worst decline found in any window of up to 12 months in this market's rent series, 2025-05-01 → 2025-12-01","cashFlow":-1059.3630970305255,"delta":-61,"survives":false}],"survived":0,"total":5,"score":0,"worstCashFlow":-1303.0042512830264,"baselineCashFlow":-998.327652521519,"framing":"underwater","confidenceLabel":"crosscheck","omitted":[],"note":"Each scenario re-runs the same verified cash-flow engine with one shock applied, then re-checks the cash-flow identity before display. Standard shocks are fixed assumptions; the history-derived scenario is this market's own worst observed 12-month decline. Estimates only — not a guarantee of performance."},"rentVsBuy":{"years":7,"priceCagr":-0.5480642120295309,"rentCagr":2.700112352799966,"totalRentPaid":155631.0669533728,"totalCashOutlay":294363.5910025559,"insuranceBasis":"Insurance: state-level estimate (CO avg 0.74%/yr)","homeValueAfter":356947.6683124861,"equityBuilt":87528.94141456787,"netCostOfBuying":281024.04958798806,"buyingCheaper":false,"savings":125392.98263461527},"priceToIncome":{"ratio":4.105076192689486,"price":370947,"medianIncome":90363,"label":"Moderate (3–5x — tighter budgets)"},"countyTaxRatePct":0.407,"countyTaxSource":"Census ACS county effective rate 0.41% ($1,874 tax ÷ $461,000 ACS median), applied to current value","dataCheck":{"status":"crosscheck","checks":[{"metric":"home value (ZIP vs county)","primary":370947,"secondary":464581,"primarySource":"ZIP market index (ZIP, monthly)","secondarySource":"Census ACS county median × FHFA metro HPI (current)","ratio":0.8,"grade":"crosscheck","consistent":false,"hidePoint":false},{"metric":"market rent (ZIP cross-check)","primary":1708,"secondary":1540,"primarySource":"ZIP market-rent index (ZIP, monthly)","secondarySource":"HUD Small Area FMR (ZIP, FY2027)","ratio":1.11,"grade":"verified","consistent":true,"hidePoint":false}],"confidence":{"homeValue":{"label":"crosscheck","ratio":0.8,"sources":["ZIP market index (ZIP, monthly)","Census ACS county median × FHFA metro HPI (current)"],"hidePoint":false,"range":{"low":370947,"high":464581}},"rent":{"label":"verified","ratio":1.11,"sources":["ZIP market-rent index (ZIP, monthly)","HUD Small Area FMR (ZIP, FY2027)"],"hidePoint":false,"range":{"low":1540,"high":1708}},"income":{"label":"estimate","sources":["Census ACS"]},"crime":{"label":"estimate","sources":["FBI CDE"]}},"note":"Every headline metric is checked against a second figure, and each check names its own basis. Home value: the current ZIP market-index figure is paired against the county ACS × FHFA HPI estimate (current) — the spread measures ZIP-vs-county geography and methodology, not data age. Rent: the current ZIP market-rent-index figure is paired against HUD Small Area FMR when one exists for the ZIP, otherwise against the Census ACS county gross rent INFLATED to current dollars with the same ACS rent trend the rent chart uses (a raw ~2021 ACS figure is never compared to a current one). 'Verified' means the two figures agree within 15%; 'Cross-checked' means they diverge more than 15%; 'Divergent' flags a >2x difference. A spread beyond 35% is too wide to defend a single point — the headline shows the source range instead, flagged 'sources disagree'."},"integrity":{"status":"pass","checks":[{"name":"home value freshness","status":"pass","detail":"latest 2026-09-01 (74d old — current for monthly cadence)"},{"name":"home value card↔chart","status":"pass","detail":"card matches chart"},{"name":"home value growth window","status":"pass","detail":"growth matches the 5.0yr available window"},{"name":"rent freshness","status":"pass","detail":"latest 2026-09-01 (74d old — current for monthly cadence)"},{"name":"rent card↔chart","status":"pass","detail":"card matches chart"},{"name":"rent growth window","status":"pass","detail":"growth matches the 5.0yr available window"},{"name":"cash flow identity","status":"pass","detail":"NOI − P&I = cash flow"},{"name":"cash-on-cash","status":"pass","detail":"annual CF ÷ down matches"},{"name":"cap rate","status":"pass","detail":"NOI×12 ÷ price matches"},{"name":"price-to-rent","status":"pass","detail":"price ÷ (rent×12) matches"},{"name":"income plausibility","status":"pass","detail":"within expected range"},{"name":"price-to-income","status":"pass","detail":"price ÷ income matches"},{"name":"buy-vs-rent: home value at term","status":"pass","detail":"compounds at -0.5%/yr"},{"name":"buy-vs-rent: total rent paid","status":"pass","detail":"geometric series matches"},{"name":"buy-vs-rent: equity built","status":"pass","detail":"home value − loan balance matches"},{"name":"buy-vs-rent: net cost","status":"pass","detail":"outlay − equity gain matches"},{"name":"buy-vs-rent: savings & verdict","status":"pass","detail":"savings = rent − net cost, verdict matches"}],"summary":"17/17 verified","freshness":{"homeValue":{"date":"2026-09-01","ageDays":74,"cadence":"monthly","current":true},"rent":{"date":"2026-09-01","ageDays":74,"cadence":"monthly","current":true}}},"confidence":{"homeValue":{"label":"crosscheck","ratio":0.8,"sources":["ZIP market index (ZIP, monthly)","Census ACS county median × FHFA metro HPI (current)"],"hidePoint":false,"range":{"low":370947,"high":464581}},"rent":{"label":"verified","ratio":1.11,"sources":["ZIP market-rent index (ZIP, monthly)","HUD Small Area FMR (ZIP, FY2027)"],"hidePoint":false,"range":{"low":1540,"high":1708}},"income":{"label":"estimate","sources":["Census ACS"]},"crime":{"label":"estimate","sources":["FBI CDE"]}},"verdict":"Colorado Springs, CO is a moderate market — a 18.1x price-to-rent ratio is borderline, leaning renting; individual deals decide the outcome.","faqs":[{"q":"Is Colorado Springs, CO a good rental market?","a":"Mixed. Colorado Springs's 18.1x price-to-rent ratio is moderate; rentals can cash flow, but only on well-priced properties."},{"q":"What is the median home value in Colorado Springs?","a":"The typical home value in Colorado Springs is about $370,947 (ZIP-level market index, cross-checked against the Census ACS county median updated by FHFA HPI), down 2.3% year-over-year, and down 2.7% over five years."},{"q":"What is the median rent in Colorado Springs?","a":"The typical rent in Colorado Springs is about $1,708/mo (ZIP-level market-rent index, cross-checked against HUD Small Area FMR), up 0.9% year-over-year."},{"q":"Is it cheaper to rent or buy in Colorado Springs?","a":"Over a 7-year horizon, renting is cheaper in Colorado Springs by about $125,393 — buying only pays off if prices appreciate faster than projected."},{"q":"Is Colorado Springs affordable for homebuyers?","a":"Colorado Springs's median home value is 4.1x the local median household income — Moderate (3–5x — tighter budgets)."}],"takeaways":["The median home value in Colorado Springs (ZIP 80903), CO was $370,947 as of September 2026, down 2.3% year over year (ZIP market index, cross-checked against FHFA HPI).","The typical market rent in Colorado Springs (ZIP 80903), CO was $1,708/mo as of September 2026, up 0.9% year over year (ZIP market-rent index).","Colorado Springs (ZIP 80903), CO has a price-to-rent ratio of 18.1 — a reading that favors buying at the ZIP-index basis, while the like-for-like county basis (23.9x, county ACS value × county HUD FMR) favors renting — mixed, depending on the rent you actually face. (Computed by Areal from the figures above.)"],"citationSources":[{"name":"U.S. Census Bureau — ACS ACS 2024 5-year estimates","url":"https://www.census.gov/programs-surveys/acs/"},{"name":"FHFA House Price Index","url":"https://www.fhfa.gov/data/hpi"},{"name":"HUD Small Area Fair Market Rent","url":"https://www.huduser.gov/portal/datasets/fmr/smallarea/index.html"},{"name":"HUD Fair Market Rent","url":"https://www.huduser.gov/portal/datasets/fmr.html"},{"name":"FBI Crime Data Explorer","url":"https://cde.ucr.cjis.gov/"}],"jsonApi":{"function":"getCityReport","query":"city=Colorado%20Springs&state=CO&zip=80903","url":"https://areal.studio/functions/getCityReport?city=Colorado%20Springs&state=CO&zip=80903"},"assumptions":{"downPct":20,"ratePct":6.75,"years":7},"dataVintage":{"pulledAt":"2026-11-14T11:47:29.703Z","homeValueBasis":"ZIP market index (ZIP, monthly) — cross-checked against ACS county × FHFA metro HPI","rentBasis":"ZIP market-rent index (ZIP, monthly) — cross-checked against HUD Small Area FMR","zhviThrough":"2026-09-01","zoriThrough":"2026-09-01","fhfaHpiThrough":"2026-04-01","hpiLevel":"metro","hpiMetro":"Colorado Springs, CO HUD Metro FMR Area","acsVintage":"ACS 2024 5-year estimates","acsVintageMisses":[],"hudFy":"2027","safmrFy":"2027"},"zipAnchors":{"homeValueTier":"zillow-zhvi","rentTier":"zillow-zori","zhvi":{"latest":370947,"through":"2026-09-01","city":"Colorado Springs","county":"El Paso County","metro":"Colorado Springs, CO"},"zori":{"latest":1708,"through":"2026-09-01"},"safmr":{"perUnit":1540,"zipCode":"80903","year":"2027","bedrooms":2,"estimated":false,"baseBedrooms":2},"countyHomeEstimate":464581,"countyFmr":1621,"countyRatio":23.9,"hpiLevel":"metro","hpiMetro":"Colorado Springs, CO HUD Metro FMR Area"},"sources":["HUD Small Area FMR","FHFA HPI","Census ACS 5-year","HUD Fair Market Rent","FBI CDE"]}