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Colorado Springs is one of the fastest growing cities in Colorado, with a local population that has increased from 398,000 residents in 2006 to 465,000 residents in 2016. It is ranked among the top U.S. cities to live, due in part to the beautiful parks and landmarks, the diverse culture, a healthy economy and the variety of job opportunities.
One of the key attractions that distinguish our city is Pikes Peak, which inspired Katharine Lee Bates to write the lyrics to the patriotic song ‘America the Beautiful’. While visiting Colorado Springs during the summer of 1893, the words came to her as she was taking in the breathtaking views of the plains from the top of America’s Mountain. Today, residents and tourists can take the Cog Railway and experience the majestic scenery for themselves, or they can choose to drive, bike or even hike their way to the top.
Another famous Colorado Springs attraction is Garden of the Gods, where outdoor enthusiasts and families can behold the wonder of the red rock formations protruding hundreds of feet into the sky. They can also rock climb, bike or hike the many trails throughout the park and learn about the geological history or shop for souvenirs at the Visitors Center and Trading Post. Colorado Springs also offers many other popular outdoor sites and local attractions to add to your bucket list, such as Cave of the Winds, Manitou Cliff Dwellings, Seven Falls and many more.
Colorado Springs is home to the United States Olympic Committee along with the Olympic Training Center, where athletes from all over the country come to train and represent TEAM USA. Colorado Springs is also home to several military installations including Fort Carson, the United States Air Force Academy, Cheyenne Mountain Air Force Station, Peterson AFB and Schriever AFB. The large military presence in Colorado Springs is also responsible for nearly 40% of the local economy.
Tens of thousands of college students from all over the country choose to make Colorado Springs (or ‘The Springs’) their home every year. Our city is home to several colleges, including University of Colorado at Colorado Springs (UCCS), the United States Air Force Academy, Colorado College, Pikes Peak Community College and Colorado Technical University.
When it comes to the housing market, Colorado Springs is experiencing the majority of its growth to the north, east and southern areas of the city. Because the city is landlocked to the west by the mountains, any new development is minimal in this part of Colorado Springs. However, the west Colorado Springs real estate market still offers a lot of great housing options. If you’re looking for something with a traditional floor plan that still offers a good amount of space, areas like Cedar Heights, Kissing Camels and Mountain Shadows offer a variety distinctive of homes; including the traditional dwellings built in the mid-1960s and 70’s, the semi-custom designs from the housing boom of late 1980’s and early 90’s and even the more modern, energy efficient floor plans that were constructed during the early 2000’s. While the number of west Colorado Springs homes for sale are somewhat limited and typically in high demand, there are typically fantastic west side homes coming on the market all throughout the year.
Central and downtown Colorado Springs homes for sale highlight properties from the late 19th century and early 20th century, ranging in all sizes and architecture. Victorian style homes are popular in this area, and include unique variations such as Queen Anne, Richardsonian, Shingle and Folk. This area also offers easy and quick transportation to nearby shops, restaurants, the downtown business corridor and I-25. Some of the popular neighborhoods near downtown Colorado Springs include Old North End and Patty Jewett.
North Colorado Springs refers to popular areas such as Brairgate, Rockrimmon and University Park. These communities feature homes that were built throughout the 1970’s, 80’s and 90’s and range in size from 1500 square feet to over 3000 square feet. An abundance of shopping centers, local stores, authentic restaurants and various businesses can be found in north Colorado Springs. This area of the city is also a favorite spot for families, featuring entertainment venues such as movie theaters, mini-golf, Chapel Hills Mall, Sky Zone Trampoline Park and more.
As you head further north and to the east, you’ll find an explosion of growth taking place in areas such as Cordera, Wolf Ranch, Northgate and Gleneagle, offering even more options for finding the perfect house that suites your family’s lifestyle.
East Colorado Springs and the Powers corridor feature both young and old neighborhoods, including Village Seven, Springs Ranch and Stetson Hills. This area offers a diverse variety of homes, with the majority of the construction taking place between the 1970’s through the early 2000’s.
Further to the east, popular developments such as Banning Lewis Ranch and Claremont Ranch offer superior amenities for a variety of people, including great views of the mountains, newly constructed homes and close proximity to Peterson Air Force Base and Fort Carson.
More and more people are considering purchasing a home for sale in Southeast Colorado Springs due to the lower housing costs that can be obtained compared to other nearby areas.
Living in either southeast or southwest Colorado Springs is also a popular choice for military families, due to the very short commute time to Fort Carson.
The wonderful thing about the Colorado Springs real estate market is that along with the steady growth projected to take place over the next several decades, the number of new construction homes will continue to rise, creating thousands of local jobs, a thriving economy and a strong housing market. Some of the popular areas where new homes in Colorado Springs are currently being constructed include Banning Lewis Ranch, Flying Horse, Cordera, Wolf Ranch and Gold Hill Mesa.
Are you interested in Colorado Springs real estate? If so, be sure to contact the Pfeffer Group team! We specialize in Colorado Springs real estate and look forward to finding you the perfect home!