Best Neighborhoods To Invest In Colorado Springs, CO

Overview of Colorado Springs Real Estate Market

The real estate market in Colorado Springs has been vibrant. In early 2024, the median home price stood at $444,667, showing a 3.5% increase from the previous year. The median price per square foot was $230, providing a solid baseline for property investments.

A notable trend in the market is the growth in inventory. As of September 2024, there were 35% more homes listed than sold. This offers potential buyers a variety of options, making it an appealing time to invest.

Despite the abundance of listings, homes in Colorado Springs are taking longer to sell, with an average of 44 days on the market. This slowdown might present a good opportunity for keen investors to negotiate better deals.

The city’s best neighborhoods are attracting investors due to their strong real estate appreciation rates. Even regions with the lowest appreciation surpass the national average, marking Colorado Springs as a robust investment location.

While some experts forecast a slight downturn in home prices, others see continued growth. The September 2024 forecast noted a minor decline of -0.1%, with a larger predicted drop by November. Still, some areas expect continued appreciation through 2025. For more insights, visit the Colorado Springs Real Estate Market Forecast.

Spotlight on Downtown Colorado Springs

Downtown Colorado Springs is a vibrant area rich in history and culture, with notable residential zones and nearby attractions that make it a desirable location for investment. It seamlessly blends historic charm with modern living conveniences.

Historic District and Culture

Downtown showcases a rich historic district, featuring beautifully preserved buildings that date back to the late 19th century. These structures reflect the architectural styles prevalent during the city’s founding era. The Colorado Springs Pioneers Museum, located in the heart of downtown, offers an in-depth look at local history and culture. The museum itself is a historic building, adding to the area’s vintage charm. Residents and visitors often enjoy walking tours that highlight significant landmarks and stories of the past.

Key Residential Areas

Residential areas in downtown Colorado Springs offer a mix of housing options, from historic homes to modern apartments. Streets lined with mature trees create a welcoming environment for families and professionals alike. Investment opportunities are abundant, particularly in neighborhoods near Acacia Park, known for its community events and green spaces. Buyers often seek properties here for the bustling community feel and easy access to urban amenities. The demand for homes in this area is fueled by its central location, making it a prime spot for property investment.

Proximity to Local Attractions

The downtown area is a hub for local attractions, providing residents easy access to entertainment and leisure activities. Acacia Park is a central green space perfect for family outings, offering concerts and seasonal events. Nearby, the Colorado Springs Pioneers Museum offers insights into the region’s past, and the lively cultural scene includes art galleries and theaters. This proximity enhances the area’s appeal as a residential choice, attracting those who value convenience and cultural involvement.

Popular Neighborhoods for Families

In Colorado Springs, several neighborhoods stand out for families due to their amenities and community atmosphere. Briargate offers a family-friendly environment with excellent schools and spacious parks. Stetson Hills provides plenty of recreational facilities, making it an ideal choice for active families. Cordera features master-planned living with amenities like pools and walking trails.

Briargate: Family-Friendly Community

Briargate is known for its family-friendly environment and excellent school system. The neighborhood is part of Academy District 20, which consistently receives high ratings for education. Families are attracted to this area due to the safe streets and multiple parks perfect for outdoor activities.

Community amenities in Briargate include shopping centers, dining options, and family-oriented events. The Briargate Family Center YMCA offers programs and classes for all ages. These features make Briargate an appealing choice for families seeking an active and community-focused lifestyle.

Stetson Hills: Parks and Recreation

Stetson Hills offers an abundance of parks and recreational facilities, making it popular among families who enjoy outdoor activities. The neighborhood features several playgrounds, walking trails, and sports fields that encourage active living. It’s common to see families spending weekends at Stetson Hill’s parks.

The area also boasts convenient access to shopping and dining options. Stetson Hills has a vibrant community spirit, with events and gatherings held regularly for residents. The combination of recreational opportunities and community engagement makes it a desirable location for families.

Cordera: Master-Planned Living

Cordera is a master-planned community that offers a blend of comfort and convenience for families. The neighborhood is designed with families in mind, providing HOA-maintained amenities like swimming pools, a community center, and scenic walking trails. This ensures that Cordera remains a clean and welcoming environment.

Families in Cordera benefit from an engaging calendar of community events, fostering a sense of belonging among residents. With a focus on providing quality amenities and community interaction, Cordera stands out as an attractive option for families moving to Colorado Springs.

Enclaves for Luxury and Executive Homes

In Colorado Springs, some neighborhoods stand out for their luxurious and executive-style homes. These communities offer elegant residences, exclusive amenities, and scenic golf courses.

Broadmoor: Opulence Near The Broadmoor Hotel

Broadmoor is synonymous with luxury living in Colorado Springs. The area is named after the iconic Broadmoor Hotel, a five-star establishment that adds a touch of glamour to the neighborhood. Homes here often feature grand architectural designs and high-end finishes. Residents enjoy breathtaking views of the nearby mountains and have access to exclusive golf courses and fine dining options.

The neighborhood is known for its spacious estates, ideal for those who desire privacy without sacrificing elegance. Properties often exceed 5,000 square feet, creating ample room for families and entertaining guests. The community atmosphere is one of sophistication and privacy, making it a top choice for those seeking a luxurious lifestyle. Proximity to upscale shopping and cultural venues further enhances its appeal.

Kissing Camels: Gated Community with Golf Course

Kissing Camels offers a serene setting within a gated community. Nestled around a renowned golf course, this neighborhood blends luxury with natural beauty. The striking red rock formations provide a stunning backdrop for the meticulously designed homes. Many residences in Kissing Camels boast panoramic views of the surrounding landscape, including Pikes Peak.

The community features a variety of home styles ranging from contemporary designs to more traditional layouts, with many properties including expansive outdoor spaces. Residents benefit from the security of a gated community, alongside access to swimming pools, tennis courts, and clubhouses. The average home size is around 3,500 square feet, making it suitable for those who appreciate comfortable living spaces combined with upscale amenities.

Flying Horse: Upscale Lifestyle

Flying Horse is known for its upscale lifestyle and elegant homes. This neighborhood incorporates a blend of luxury residences and top-tier facilities, centered around an expansive golf course. Homes in Flying Horse often feature modern architecture combined with state-of-the-art amenities, offering a luxurious living experience for those who reside here.

The community is not just about beautiful homes; it also emphasizes a well-rounded lifestyle with its athletic club and spa, fine dining restaurant, and recreational opportunities. Properties often offer open floor plans with features like gourmet kitchens and spacious master suites. Proximity to high-ranking schools and easy access to urban centers make Flying Horse attractive for families and professionals seeking a superior living environment.

Neighborhoods for Outdoor Enthusiasts

Outdoor lovers will find Colorado Springs a haven with its proximity to scenic landscapes and hiking trails. The city boasts neighborhoods where residents enjoy mountain views and access to parks like Fox Run Regional Park and North Cheyenne Cañon Park. Offering stunning views and abundant wildlife, these neighborhoods provide a perfect setting for nature enthusiasts.

Peregrine: Nature at Your Doorstep

Peregrine is a neighborhood that offers easy access to nature. Located near the foothills, it provides stunning views of the mountains and nearby parks. Its trails and open spaces make it a great choice for those who love hiking and birdwatching.

Fox Run Regional Park is nearby, offering even more outdoor activities. Residents often enjoy picnicking, mountain biking, and taking in the serene environment. Wildlife sightings are common, adding to the compelling outdoor experience.

The neighborhood’s residential areas are set against a backdrop of trees and hills. This environment supports an active lifestyle while providing a peaceful retreat. Peregrine’s balance of nature and community makes it an ideal spot for outdoor lovers.

Mountain Shadows: Views and Trails

Mountain Shadows is known for its breathtaking views of Pikes Peak. The area is popular among those who appreciate the beauty of the outdoors. Its location provides residents with access to trails that suit different levels of hiking experience.

The proximity to North Cheyenne Cañon Park means that residents can enjoy nature without traveling far. The park features waterfalls, diverse plant life, and various trails, making it a favorite for hikers and photographers alike.

Residents enjoy an active lifestyle, with opportunities to explore the vast landscapes and enjoy the natural scenery each day. Mountain Shadows combines the beauty of nature with the convenience of urban living.

Rockrimmon: Deer and Wildlife Abound

Rockrimmon offers an environment rich in wildlife, making it an appealing choice for nature fans. The neighborhood has plenty of green space where deer and other wildlife are often spotted.

Set against beautiful mountain views, Rockrimmon provides access to numerous trails and parks. Black Forest Regional Park is nearby, offering trails for walking, biking, and exploring the woods. Its peaceful surroundings are perfect for those seeking solitude in nature.

Homes in Rockrimmon blend with the environment, providing a seamless transition between residential living and natural beauty. This neighborhood stands out for its connection to the rugged outdoors and wildlife, creating an inviting space for outdoor enthusiasts.

Affordable Neighborhoods with Growth Potential

Colorado Springs offers neighborhoods with both charm and the possibility for growth, making them attractive for investment. Old Colorado City, Pine Creek, and Indigo Ranch each have unique features that appeal to different types of home buyers and investors.

Old Colorado City: Charm and Affordability

Old Colorado City is known for its historic charm and affordable housing. It is one of the oldest neighborhoods in Colorado Springs, featuring a variety of architectural styles. The area offers a vibrant cultural scene with art galleries, boutiques, and cafes.

Housing here provides excellent value with potential for appreciation due to ongoing revitalization efforts.

Residents enjoy the proximity of green spaces and mature trees, creating a picturesque setting. These features, along with its community-driven atmosphere, make Old Colorado City a compelling choice for those seeking affordability combined with growth potential.

Pine Creek: Great Value and Amenities

Pine Creek is recognized for offering a great balance of value and amenities. This neighborhood boasts a variety of housing options, from spacious single-family homes to more modest dwellings, catering to diverse budgets.

Its appeal is enhanced by extensive parks and trails, making it appealing for families and nature enthusiasts. Notable for its well-maintained landscapes, Pine Creek is surrounded by mature trees that add to its overall beauty.

Quality schools and a family-friendly environment further boost its attractiveness. Future growth is promising, as development plans continue to enhance living standards in the area.

Indigo Ranch: Modern Suburban Feel

Indigo Ranch offers a modern suburban experience. This neighborhood is characterized by newer constructions, featuring contemporary designs that appeal to families and young professionals.

The area is known for its well-designed infrastructure, which includes ample parks and recreational facilities. These amenities provide a desirable lifestyle at an accessible price point.

Indigo Ranch’s real estate market shows signs of growth, partly driven by its strategic location near shopping centers and schools. The combination of affordability, convenience, and a planned suburban setting makes Indigo Ranch an attractive option for long-term investment.

Options for Military Families

Military families looking to settle in Colorado Springs have several neighborhoods to consider. Each area offers unique benefits, like proximity to military bases or convenient living. Below are a few key neighborhoods that cater specifically to the needs of military families.

Northgate: Proximity to Military Bases

Northgate is a favored choice for military families due to its close proximity to military installations like the U.S. Air Force Academy. Living in Northgate means a shorter commute to work, which can greatly improve daily life for those in the military.

The neighborhood also offers a variety of schools and parks, making it ideal for families. Recreation opportunities like the nearby shopping centers and restaurants provide convenience and leisure activities for residents.

Powers Corridor: Convenient Living

Powers Corridor stands out for its convenient lifestyle options. The area is filled with shopping centers, restaurants, and entertainment venues, all just a short drive away. This makes it a practical choice for military families who want easy access to amenities.

In addition, the neighborhood is close to both Peterson Space Force Base and Schriever Air Force Base, making it a strategic spot for those serving in the military. The housing market here offers a range of options, from affordable apartments to larger family homes.

Banning Lewis Ranch: Growing Community

Banning Lewis Ranch is known for its rapid growth and offers a community-focused environment. The area provides newer housing developments, which may appeal to military families looking for modern amenities. The neighborhood includes community centers and green spaces, fostering a family-friendly atmosphere.

This expanding community also offers access to local schools and parks, which are important for families with children. Military families appreciate the community’s welcoming nature and the potential for investment in a growing area.

Historical and Aesthetic Allure

Colorado Springs offers neighborhoods rich in history and visual appeal. The Old North End, Patty Jewett, and beautiful Victorian homes present unique opportunities for investment based on their charm and storied pasts.

Old North End: Prestigious and Historical

The Old North End is a prestigious neighborhood known for its historical homes and rich cultural heritage. This area features homes built during the late 19th and early 20th centuries, many of which showcase distinctive architectural styles.

Wide, tree-lined streets and expansive lawns add to the Old North End’s charm. As a designated historic district, it provides a sense of stepping back in time, which appeals to those who value tradition and history. The community fosters a strong sense of pride among its residents, making it an attractive option for buyers looking for a home with historical significance. Investing in the Old North End is popular for those who seek properties with historical value and aesthetic appeal.

Patty Jewett: Tree-Lined Streets and Golf Course

Patty Jewett is renowned for its beautiful, tree-lined avenues and the well-known Patty Jewett Golf Course. This neighborhood combines historical allure with recreational options, making it a desirable location for families and retirees.

The homes in Patty Jewett vary in style, yet many showcase classic design elements that enhance the area’s visual appeal. Its proximity to the city center, combined with the charm of its surroundings, makes Patty Jewett ideal for those seeking property with both convenience and character. The golf course itself is a focal point of the community, providing a hub for social interaction and outdoor leisure.

Victorian Homes and Architecture

Victorian homes stand out in Colorado Springs with their intricate designs and timeless elegance. These houses often feature ornate detailing, steep rooflines, and asymmetrical facades that catch the eye and capture the imagination.

Investing in Victorian homes offers the chance to own a piece of architectural history. Many of these homes have been preserved and restored, maintaining their original charm while incorporating modern conveniences. Their unique visual style makes these properties highly sought-after by those who appreciate historical architecture. For buyers interested in aesthetics and history, Victorian homes present a special kind of allure that is hard to replicate in newer constructions.

Neighborhoods with Prime Access to Green Spaces

For those seeking green spaces and outdoor activities, Colorado Springs offers several neighborhoods with direct access to nature. Black Forest, Pleasant Valley, and Westmoor Park are excellent choices for enjoying natural beauty and recreation within or near the city.

Black Forest: Rural Living with City Access

Nestled just north of Colorado Springs, Black Forest offers a unique blend of rural charm and city convenience. This area is known for its expansive pine forests, providing residents with plenty of green spaces and trails for horseback riding, hiking, and biking. The community has a rural feel, but it’s close enough to the city for easy access to amenities.

The proximity to Pikes Peak and the Rocky Mountains encourages outdoor adventures year-round. With large lots and natural surroundings, Black Forest is perfect for those who want to enjoy nature while remaining connected to city life.

Pleasant Valley: Parks and Outdoor Activities

Pleasant Valley is a neighborhood rich in history and outdoor options. Located in the heart of Colorado Springs, it borders the iconic Garden of the Gods Park. This park is famous for its red rock formations and miles of trails suitable for hiking and rock climbing.

The area provides access to numerous parks, making it ideal for families and outdoor enthusiasts. Pleasant Valley has a vintage charm with homes often dating back to the 1960s, offering a peaceful environment with a strong sense of community.

Westmoor Park: Natural Retreat within the City

Westmoor Park is a hidden gem within Colorado Springs. This neighborhood offers a quiet setting while still being part of the urban fabric. Residents enjoy easy access to nearby parks, trails, and green belts, offering a refuge from the busy city life.

While less talked about than some larger areas, Westmoor Park provides green spaces that are cherished by its residents. It serves as a natural retreat, making it a desirable location for those who value peace and outdoor activities in a suburban setting.

Frequently Asked Questions

Investing in real estate in Colorado Springs offers diverse options for singles, families, and retirees. Safety and community amenities are key factors for many investors. Here are answers to common questions about Colorado Springs neighborhoods and their investment appeal.

What are the top neighborhoods in Colorado Springs for real estate investment?

Several neighborhoods stand out for their strong investment potential. Briargate is known for its amenities and planning, making it a popular choice for investors. Other areas also show promising growth and feature a variety of home styles and prices, catering to different investment strategies.

Which Colorado Springs neighborhoods are best for singles to invest in?

Downtown Colorado Springs is a vibrant area perfect for singles. It offers urban living with easy access to restaurants, shops, and cultural activities. The energy of the city center makes it a desirable place for those looking to invest and live in a lively environment.

Where should young adults look to live and invest in Colorado Springs?

Young adults may find areas like the west side and Old Colorado City appealing with their mix of historical charm and modern amenities. These neighborhoods provide a good balance between work, recreation, and community life, attracting young professionals who want a dynamic living space.

What areas in Colorado Springs are most suitable for family-oriented investors?

Neighborhoods like Briargate and Rockrimmon offer excellent options for families. These areas are known for good schools, parks, and family-friendly activities. The community atmosphere and safety make them desirable locations for property investments aimed at families.

For retirees looking to invest, which neighborhoods in Colorado Springs are recommended?

Pleasant Valley offers a peaceful setting that’s appealing to retirees. With its charming ambiance and close-knit community, it provides a comfortable environment. Other neighborhoods with similar traits also attract retirees looking for a place to enjoy their golden years.

What are considered the safest neighborhoods in Colorado Springs for property investments?

Safer neighborhoods like the Broadmoor area and Briargate are often highlighted as secure investments. They offer well-maintained surroundings and low crime rates, attracting investors looking for stability and long-term value in their real estate ventures.