Colorado Springs Homes for Sale
About Colorado Springs
When people think about “mile high” living in Colorado, Colorado Springs is often the first city that comes to mind. Did you realize Colorado Springs has a greater altitude than Denver? It is elevated at 6035 feet! The city’s website boasts the incredible statistic that this Olympic City is ranked in the top three of best places to live in America.
Colorado Springs is a bustling community roughly divided into north, southwest, and central sections. A number of freeways run through town including US routes 21, 24, 83, 87, 94, and 115, as well as Interstate 25. The city’s west side abuts the beautiful Rocky Mountains.
The city features a number of activities suitable to the broad range of residents. Cultural pursuits, nature, and a top-notch city center are part of what makes Colorado Springs a must-see and must-live-in destination for many.
Students in Colorado Springs are served by Colorado Springs School District 11, as well as a number of charter and private schools. Post-secondary institutions include the University of Colorado at Colorado Springs, the US Air Force Academy, Nazarene Bible College, Colorado Technical University, and Colorado College. As a result of its collegiate opportunities, many residents have obtained at least a Bachelor’s degree.
The housing market in Colorado Springs is as robust as its education and recreation markets. Housing in Colorado Springs contains an excellent mix of single family homes, condos, and apartments that are affordably priced and place residents in a suburban or rural community. The active rental market provides reasonably priced options for residents not yet ready to make the leap to homeownership.
Colorado Springs Housing
What section of town you choose to reside in will determine the type of Colorado Springs lifestyle you will enjoy. Neighborhood demographic variables include:
*North (“Black Forest”): Rural, 92% homeowners, family friendly, luxury, quiet
*Southwest (“Broadmoor”): Suburban, 86% homeowners, retirement, 65% married, family friendly
*Central (“Stratmoor”): Suburban, 50% homeowners, LGBT higher than average, urban feel
These are broad generalizations and you may find the type of lifestyle you desire in any of these neighborhoods. Individuals and families interested in moving to Colorado Springs should research the neighborhoods in which they are interested both online and in person to obtain a true determination for a lifestyle match. Our agents would be glad to assist you with your research!
Where in Colorado Springs you choose to reside will alter the home styles and sizes that are available to you. When you work with the personable agents at Kenneth James Realty, your tastes and needs are echoed in the portfolio of available homes we offer for your perusal. In the Colorado Springs market, there is a significant difference in home prices and sizes across the aforementioned neighborhoods. Let’s take a glimpse at some possibilities:
Black Forest is primarily comprised of single family homes that contain three to five bedrooms (89%), homes that are studio through two bedrooms (6%), and townhomes (5%). The Broadmoor market closely mirrors Black Forest with 82% of available properties being single family homes, 13% townhomes, and apartment complexes as the other 5% of offerings. Stratmoor is unique in offering buyers and renters mobile/manufactured homes as an option (36%), single family homes (52%), and townhomes and apartments making up 12% of available properties.
As for the rental market, when we combine the average rents listed for our example cities ($1,147; $2,485; $2,907), we obtain an average price of $2,179. However, we can see that the $1,147 average rent in Stratmoor is substantially less than Black Forest and Broadmoor. Although the average is mathematically true, the fiscal truth is that renting in Black Forest and Broadmoor costs substantially more.
With the incredible options in every area of Colorado Springs, it is easy to see why it enjoys the high scores as an excellent place to reside!
Transportation in Colorado Springs
Nearly 90% of Colorado Springs residents drive their personal vehicles to work. An incredible 50% or more of households have three or more vehicles. Roughly 7% of residents work from home, and those are generally Black Forest and Broadmoor residents.
Although recent research does not indicate that residents regularly take advantage of public transportation for their commutes, the city offers service through Mountain Metropolitan Transit. Residents may use the “My Next Bus” app to obtain transportation information. With an annual snowfall typically greater than 50”, snow shoes may be a unique transportation option!
Employment and Average Income
Average income in Colorado Springs is sectioned by neighborhood:
*Black Forest - $49,000
*Broadmoor - $68,000
*Stratmoor - $18,000
The US national average is just under $30,000, thus, the majority of residents are above that statistic. As Stratmoor offers the most affordable housing options, the average income there is on pace to still live affordably.
How do Colorado Springs residents earn their incomes? Employment in Colorado Springs includes a broad range of industries including technical services, healthcare, retail, construction, public service, finance, and education. A commute of 15-30 minutes is enjoyed by the majority of residents, with an inconsequential minority traveling a bit more or less than average.
Recreation in Colorado Springs
From the lowlands to the highlands, Colorado Springs offers a large option of recreation and entertainment options for its residents to enjoy:
*Pike’s Peak Region attractions: hiking, sightseeing, river rafting, etc.
*Indie boutiques in the downtown district
*An expansive parks system
*Restaurants flavored with a diversity of options
*Minor league sports teams venues
Welcome Home to Colorado Springs
Colorado Springs is a great place to call “home” and set down roots for your family generations to come. The education, employment, and housing opportunities are second to none.
Let our friendly and efficient agents at Kenneth James Realty take you on a tour of our favorite homes and amenities in Colorado Springs. Contact us today and let us know if you are looking to sell or buy your home. We will expertly negotiate on your behalf and make your transaction as seamless as possible. We look forward to serving you soon.