Manitou Springs, CO—80829
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manitou Springs, CO
As of Oct '25, the median home price in Manitou Springs, CO is $541,000, with a year-over-year change of -1.3%. This indicates that home prices in Manitou Springs, CO are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $541,000 | -1.3% |
| Single Family | $552,000 | -1.1% |
| Condos | $334,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $324,000 | -4.1% |
2 Bed | $405,000 | -2.4% |
3 Bed | $601,000 | -0.8% |
4 Bed | $663,000 | -0.9% |
| 5 Bed | $764,000 | -1.2% |
% of Housing Stock
Rental Trends — Manitou Springs, CO
As of July '25, Rentcast reports the average rent in Manitou Springs, CO is $1,390, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Manitou Springs, CO is studios: $983, 1-bedrooms: $1,160, 2-bedrooms: $1,530, 3-bedrooms: $3,250, 4-bedrooms: $2,800. The most common rental property sizes in Manitou Springs, CO are 2-bedroom and 1-bedroom, accounting for 41.9% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,390 |
| Studio Rent | $899 | $983 |
| 1 Bed Rent | $1,180 | $1,160 |
| 2 Bed Rent | $1,340 | $1,530 |
| 3 Bed Rent | $3,250 | $3,250 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Manitou Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Manitou Springs, CO is 68. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $788,000 | 9.0% |
Listing Count | 40 | 19.0% |
| Listings as % of Homes | 0.8% | 19.0% |
Days on Market | 68 | 16.0% |
Demographics — Manitou Springs, CO
As of the latest ACS Survey released in 2023, Manitou Springs, CO has a population of 5,570, which has decreased by -3.8% over the past 5 years. Manitou Springs, CO is a moderately popular place for families, as children make up 16.1% of the population. The area has a highly educated workforce, with 53.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,570 | -3.8% |
% Under 18 | 16.1% | -4.2% |
% Seniors | 17.4% | -14.7% |
% WFH | 26.9% | 71.3% |
% w/ College Degree | 53.1% | 3.3% |
As of the latest ACS Survey released in 2023, Manitou Springs, CO is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Manitou Springs, CO is hispanic, making up 5.2% of the population. Foreign-born residents account for 6.3% of the population in Manitou Springs, CO, and this percentage has increased by 85.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | -2.4% |
% Black | 0.5% | 150.0% |
% Hispanic | 5.2% | 48.6% |
% Asian | 2.3% | 91.7% |
% Foreign Born | 6.3% | 85.3% |
Mortgage and Risk — Manitou Springs, CO
According to HUD data as of 2023, there were 103 mortgage originations in Manitou Springs, CO, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Manitou Springs, CO. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Manitou Springs, CO
As of 2024, the percent of homes in Manitou Springs, CO under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Manitou Springs, CO, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,180 | $1,110 |
| 2 Bedroom | $0 | $1,340 | $1,340 |
| 3 Bedroom | -$1,370 | $3,250 | $1,880 |
| 4 Bedroom | -$650 | $2,800 | $2,150 |
Affordability — Manitou Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $541,000 |
| Median Household Income | $85,300 |