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Colorado Springs real estate market overview
- Average Monthly Rent: $1,125
- Home Price/Value Percentage Change: 7.00%
- Median Home Value: $293,500
- Best Time To Sell a Home: August
- Affordability Index: 128
- Days To Sell a House: 48
- Job Market: Strong
- Public School Ranking: 17
Location and weather
Beautiful Colorado Springs is on a mesa at 6,008 ft above sea level near the eastern base of the famous Pike's Peak at the edge of the southern Rocky Mountains It was originally founded as a high-quality resort getaway and it's stayed true to those roots.
Colorado Springs has the perfect summer and ski climate. Over the year the temperatures are from 20 degrees to 84 degrees depending on the season. The cold and dry winter season is excellent for skiing.
Population, job market and cost of living
Millennials are moving to Colorado Springs at a higher rate than any other US city. From 2010 to 2015 there was a 14.7 percent millennial growth, leading all other cities in the nation. The population grew 1.62% in 2018 with a population of 472,688.
The job growth is good at 4.1%. There are a significant number of defense corporations which are big employers along with the tourism industry.
The cost of living is high due to Colorado Springs real estate prices. With a spectacular setting for winter skiing and summer outdoor recreation, good job opportunities and age diverse population, Colorado Springs will continue to see real growth.
Colorado Springs real estate market details
- Northwest Colorado Springs
- Old Colorado City
- Southwest Colorado Springs