Is Starting in Colorado Springs Reasonable?

Question

Hi! I am just now getting into learning about real estate investing. I have been doing a lot of watching videos and reading forums. I am looking to get started and currently reside in Colorado Springs. I know it's best to try and invest where you live but I am wondering if Pueblo or Denver might be a better starting option rather than the springs? I know those areas can have lower income areas and I do not have a lot of money to put down. I am looking to do a long-term rental. Any help on this would be great! Thank you!

Chris Pasternak · Answer

@Jace Graves I live and work in Pueblo.  Happy to chat.

For the record, Pueblo County’s average price at the close of January 2026 was $308,633, while El Paso County closed at $540,618. That makes Pueblo, on average, about 43% less expensive than El Paso. Which is better? That depends.

Tanner Pile · Answer

Hey @Jace Graves, Colorado Springs is a great market to start in!

I lived in Pueblo for 4 years and I'm not a fan of the area. The good areas are basically the same price as Colorado Springs and the other areas I wouldn't advise to invest in to to problems that can occur with tenants in a C class area. But if you're up for that adventure it can work out. Just make sure you. budget for reserves.

Denver has about a $100k higher median home price so the barrier to entry is a higher down payment that Colorado Springs.

In COS the large military presence of 4 bases bring many people to the city who are great tenants too! Happy to chat more with you on detail on the market too.

Also, If you wan to meet other investors in COS to see what strategies are working best I host an investor meet up in COS once a month. I'll send you the details.

Bo Smith · Answer

Colorado Springs is actually solid for beginners - don't overlook it. One thing I'd add: before picking your market, run the numbers on 3-4 properties in each area using the 1% rule as a starting filter. Springs often has better cash flow than Denver but lower appreciation. Pueblo can work but tenant quality varies by neighborhood. What's your target monthly cash flow per door?

Brian Bohrer · Answer

Hello @Jace Graves!

If you are looking for a great environment to learn and ask questions I would love to have you be a part of my group here in the Springs!  I host 2 weekly meetups, one on Zoom every Tuesday morning and one in-person at Kairos Coffee on Thursday mornings.  We discuss the local market, investing strategies (traditional and creative) and present any deals we may be working on.  I attended this same meetup when I was just learning and found tremendous value in learning from others in the Colorado Springs market!

I also host 2 monthly meetups, again one in-person and one on Zoom.  We have our Zoom meeting coming up this Tuesday Jan 20th at 6pm MST that we would love to have you attend if you can make it.  Send me a direct message and I can share the group details with you!

Either way I wish you the best in your new real estate addiction!

Talk soon,

David Stephens · Answer

Hey @Jace Graves, congrats on getting started! I'm a lender/investor, I'd be happy to run numbers with you and do some underwriting to see what makes the most sense.

Jace Graves · Answer

Hey @Tanner Pile, that's great to hear!

I will definitely check out the meeting, I really appreciate the opportunity!

Is Starting in Colorado Springs Reasonable?

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