Colorado Springs, CO Community Information

Colorado Springs, CO Homes for Sale

Colorado Springs Metro and Neighborhood Information

Tucked at the foot of Pikes Peak at an altitude of 6,035 feet, Colorado Springs is a wonderland of snow-capped peaks, endless bike trails and breathtaking landscape. The city was founded in 1871 by General William Palmer. A bustling hub for the mining industry, the city was dubbed 'Little London' for its affinity to arts and culture.

Today, Colorado Springs is enjoying a resurgence of national recognition for its quality of life and abundant opportunities. In 2008, Kiplinger magazine ranked Colorado Springs fifth in its Best Cities report, based on an analysis of cost of living, climate, education, health and healthcare, crime, transportation, leisure, arts and culture, economy and jobs, and overall quality of life.

From ranches to Victorians

The central area of Colorado Springs makes up a large section of the city that includes the downtown business district. Homes range from ranch style 1950's-style homes to turn-of-the-century Victorian mansions. This area also includes a wide variety of shops, parks, theaters and restaurants. Colorado College also occupies a large portion of downtowns prestigious Old North End. The average listing price for a home in this area is $184,195.

Northeastern Colorado Springs is located just south of the Briargate and north of the central and east parts of town. This area features higher density residential and restaurants, retail, office and other commercial development. Homes in this area are a healthy mix of styles. Building in this area began in the 1970's and continues today, although on a limited scale. The average listing price for a home in this area is $242,000.

The Black Forest area is perfect for the nature lover. Just minutes from the north end of Colorado Springs, it is a combination of dense pine forest and wide open rolling pine prairie. Certain parts of Black Forest offer stunning views of Pikes Peak and the Front Range. Home lots average five acres, restrictions are very light to nonexistent and horses are permitted with the exception of a few exclusive subdivisions. Recreation includes an equestrian center, a 240-acre county park and the 320-acre Fox Run Park. The average listing price for a home in this area is $433,000. Put on your hiking boots and begin your Colorado Springs real estate search today!

Sources and more information:
http://www.coloradospringschamber.org/
http://www.imagescoloradosprings.com/
http://www.experiencecoloradosprings.com/

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Briargate (276)
Downtown / Central C.. (151)

East Colorado Springs (266)
North Colorado Springs (185)

Northwest Colorado S.. (234)
Old Colorado City (114)

Powers (346)
Southeast Colorado S.. (342)

Southwest Colorado S.. (345)
West Colorado Springs (83)

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Calhan (83)
Cascade (31)
Co Springs (172)
Elbert (109)

Monument (299)
Palmer Lake (30)
Peyton (342)
Ramah (14)

Colorado Springs, CO Community Information

Population

511,830

Median Age

33.2

Median Household Income

$61,987

Households with Children

51.12%

Median Travel Time to Work

22 minutes

Colorado Springs, CO Real Estate Market Information

Homes Owned

64.55%

Homes Rented

32.18%

Homes Vacant

3.27%

Colorado Springs, CO Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

See Colorado Springs apartments for rent

Colorado Springs, CO School Information

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.