Centennial vs Colorado Springs
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Colorado Springs has an edge
Colorado Springs currently favors renting, with better rent-to-price dynamics.
Median Home Price
$507,157.32
Median Rent
$1,789.21/mo
Price-to-Rent Ratio
23.6
Property Tax RateTIE
0.51%
Price Change (1Y)
-3.8%
Price Change (5Y)
-18.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$322,040
Median Home PriceBETTER
$446,354.69
Median RentBETTER
$1,707.27/mo
Price-to-Rent RatioBETTER
21.8
Property Tax RateTIE
0.51%
Price Change (1Y)BETTER
-2.2%
Price Change (5Y)BETTER
-11.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$261,943
Key Differences
Home Prices
Centennial's median home price of $507,157.32 is higher than Colorado Springs's $446,354.69 by 14%.
Monthly Rent
Renting in Centennial costs $1,789.21/mo compared to $1,707.27/mo in Colorado Springs—a difference of $81.94/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.