The Pikes Peak region, a coveted destination in the Rocky Mountains, consistently draws a nationwide audience, contributing positively to the robustness of the local real estate market in Colorado Springs. Notably, the city boasts a lower-than-average population density of 2,325 people per square mile, enhancing its appeal, particularly to those relocating from denser areas like Denver. This spacious environment, coupled with room for expansion, positions El Paso County for sustained growth.

With an estimated population exceeding 700,000, including its metropolitan areas, Colorado Springs is recognized as Colorado's second-largest city, trailing only Denver. Over the last decade, the city has experienced a 15% growth rate, positioning it as the 25th fastest-growing city in the United States. This significant increase in population underscores Colorado Springs' expanding urban development and its growing prominence on the national stage.

Real Estate in Colorado Springs, CO

As of December 2023, the median value of a single-family home in the area stood at approximately $495,000, significantly more affordable than Denver's average. This affordability and an average household income of just under $72,000 further elevates Colorado Springs' attractiveness to home buyers. Houses for sale in The Pikes Peak region are trendy.

The average home size in Colorado Springs is around 2,200 sqft. New construction homes are larger than homes built in the past decade. Real estate in Colorado Springs typically consists of 3 bedroom, two-bathroom single-family homes. Colorado Springs homes for sale average 46 days on the market.

Colorado Springs, situated at elevations ranging from 6,000 to 7,500 feet, encompasses a diverse and expansive geography within its 186 square miles. The topography varies significantly across different neighborhoods, featuring foothills, bluffs, cliffs, rolling hills, forested areas, mountain-side locations, and flat farmlands. This geographical diversity, all within close proximity, highlights the importance of thorough area knowledge for prospective homebuyers in Colorado Springs.

America The Beautiful Park in Colorado Springs

In 2005, the Colorado Springs City Council completed and dedicated America the Beautiful Park in the downtown area. This development marked a significant enhancement to the city's urban landscape. The park spans 17 acres, with an additional 40 acres of surrounding area, offering a rich array of amenities. These include playgrounds for children, extensive walking paths for leisure and exercise, and picnic pavilions suitable for community gatherings and family outings.

A notable feature of the park, the Julie Penrose Fountain, was also dedicated in 2005. This fountain has since become an iconic symbol of Colorado Springs, reflecting its commitment to integrating art and recreational spaces in its urban environment. The park and fountain together symbolize the city's dedication to enhancing the quality of life for its residents through thoughtful urban planning and the creation of engaging public spaces.

Colorado Springs Zoo

The Cheyenne Mountain Zoo, an esteemed attraction in Colorado Springs, garnered acclaim as the 4th best zoo in North America in 2020. This renowned facility is uniquely located on the slopes of Cheyenne Mountain, offering visitors not only a diverse array of wildlife and exhibits but also spectacular views of the city. The zoo's distinctive mountainous setting enhances the experience, providing a blend of natural habitat for the animals and a scenic backdrop for guests. This combination of wildlife, education, conservation efforts, and breathtaking scenery makes it a must-visit destination in the region.

Things to do in Colorado Springs

The city is renowned for the Garden of the Gods, a park with striking red rock formations that provide a playground for hikers, climbers, and nature enthusiasts. Pikes Peak, one of Colorado's most famous mountains, offers hiking, driving, and a cog railway experience, presenting panoramic views at its summit. Nearby, the Broadmoor Seven Falls features cascading waterfalls in a scenic canyon, complete with hiking trails and dining options.

Colorado Springs is home to the historic Old Colorado City, where locals can stroll through charming streets lined with boutique shops, art galleries, and restaurants. The Manitou Springs, adjacent to the city, is a historic town known for its artisan shops and natural mineral springs. Here, one can also find the Manitou Cliff Dwellings, offering a glimpse into the ancient Anasazi culture.

Downtown Colorado Springs itself is a hub of activity where locals can engage in a vibrant mix of shopping, dining, and cultural events. Red Rock Canyon Open Space, with its hiking and biking trails, offers an outdoor escape within the city limits. These diverse activities highlight the city's rich natural beauty and cultural heritage and its commitment to providing a quality urban life balanced with outdoor adventure.

Why Use Great Colorado Homes Website?

Unlike Zillow and the big national websites, our site has every listing within our local MLS. We are a local company that knows the ins and outs of every neighborhood in the area. Our real estate agents are experienced and courteous. If you need assistance navigating the Colorado Springs real estate market, please contact us. We would love to assist you.