Like its living costs, Colorado Springs’ median home value of $275,700 is relatively high compared to much of the country, though it’s much lower than Denver’s and Aurora’s.2 So while Colorado Springs isn’t one of the best places to buy your first home, it’s among the more affordable big cities to buy a home in Colorado. On a related note, home prices are skyrocketing in Colorado. Between 2020 and 2021, the average price for a single-family home in The Centennial State jumped 14.2%.3 This isn’t the most dramatic spike we saw in 2021, though it is close. To learn more, check out our list of states where home prices increased.