Colorado Springs Report Finds 27,700-Home Shortfall, Calls for 60,000 More by 2035

Overview

• The Regional Housing Assessment was presented to City Council this week, confirming a 27,712-unit shortage as of 2023.
• Meeting projected demand will require roughly doubling the community’s current annual housing construction pace.
• Average rent reached $1,784 in March 2025, which is affordable only at an income of $78,693 that just 36% of renters meet.
• The average home value of about $457,000 requires an income above $150,000 to buy, a threshold met by roughly 30% of local households.
• The report flags acute needs for seniors and accessibility (about 23,345 accessible units) and notes military BAH often falls short of family-sized housing costs as the county’s population heads toward one million by 2050.