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Property Management Blog

Rental Market in Colorado Springs

Over the last 2 years, Colorado Springs has seen a jump in rental prices and sales prices that has not been seen in several years. For owners this equates to being able to raise the rent prices to more than they have ever seen or even putting their rental homes on the market for sale instead of for rent. For tenants, this has caused a trickle-down effect. What they could once afford now is out of their reach. Rent prices have jumped but salaries have not kept up. This causes renters to look at perhaps moving from a house in district 20 to a house in district 11 or even moving to a townhome or an apartment. Apartments are at their all time high right now as well. While owners and property managers like this trend I do believe it will start leveling off in the next 12 months.

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