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%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$261,943
Median Home Price
$609,991.06
Median Rent
$1,904.4/mo
Price-to-Rent Ratio
26.7
Property Tax RateTIE
0.51%
Price Change (1Y)
-2.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$428,207
Key Differences
Home Prices
Colorado Springs's median home price of $446,354.69 is lower than Westminster's $609,991.06 by 27%.
Monthly Rent
Renting in Colorado Springs costs $1,707.27/mo compared to $1,904.4/mo in Westminster—a difference of $197.13/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.