Downtown Colorado Springs Homes for sale!

Downtown Colorado Springs is found among the heart of Colorado’s El Paso County growing city: Colorado Springs. Downtown Colorado Springs Real Estate has boomed exponentially as newcomers learn that Colorado Springs is the place to be! Downtown Colorado Springs also is notoriously known throughout the city as where the fun happens. Downtown Colorado Springs is attached to Colorado Springs’ historical “old north end”, and the Downtown area of Colorado Springs is ranked number as 9 in the top best downtowns to live in throughout the country.

Colorado College is close located right within the historical “old north end”, and also provides close access to Fort Carson, sitting only 10 minutes away. Downtown Colorado Springs also gives its residents easy access to the United State Air Force Academy. Downtown Colorado Springs allows its inhabitants quick commuting to Interstate 25, providing residents the ability to quickly commute to either Pueblo or Denver. Highway 24 is also near the tail-end of Downtown Colorado Springs, which heads straight into Manitou Springs, up to Woodland Park, and into Colorado’s mountain majesties.

Memorial Park and the Memorial Skate Park are also found nearby Downtown Colorado Springs, as well as the US Olympic Training Center, home to many notable athletes. Other local amenities include Patty Jewett Municipal Golf Course, America the Beautiful Park Fantasy Playground, Acacia Park, Pikes Peak Library District’s Penrose Library, CityRock indoor rock climbing experience, Pikes Peak Community College’s downtown campus, Penrose St. Francis Hospital, the Antlers Hotel, Jack Quinn’s Irish Pub, MacKenzie’s Chophouse, Cowboys night club, the flavorful Melting Pot, Phantom Canyon Brewing Company, Zeezo’s Magic and Costume Shop, the historical and long-standing Peak Movie theater, the Springs’ local YMCA venue, the Pikes Peak Event Center, the historical Colorado Springs Pioneer Museum, as well as a Habitat for Humanity location, and First Presbyterian Church with its vast library and Bijou event center.

Throughout the close-knit neighborhood of Downtown Colorado Springs there are at least 2,300 businesses present, employing at least 17,000 of Colorado Springs’ residents throughout the downtown area. 58% of residents in the Downtown Colorado Springs area are homeowners, with the average age of Downtown Colorado Springs residents being 34 years of age. Being the heart of activity in Colorado Springs, with an overall population of 433,500 people, the population density is found to be nearly 2,200 people per square mile. Downtown Colorado Springs enjoys a diverse population, 20% being of non-caucasian ethnicities, 7% belonging to African American decent, and 3% of Asian origins. 8% of Downtown Colorado Springs’ population are fluent in Spanish, while 6% are fluent in languages other than English. Of the diverse population found throughout the downtown area, 56% are residents from out of state, and 8% originating from foreign areas.

80% of Downtown Colorado Springs residents rely on salary based incomes, while 25% supplement that with various investment-based incomes. Downtown Colorado Springs enjoys lower costs of living compared to rest of Colorado, being 7% lower than the rest of the state and rivaling the national average at being 1% lower. Downtown Colorado Springs also enjoy a general sales tax that is 43% lower than the national average. The average income of homeowners in the Downtown Colorado Springs area is that of $74K per year, while renters average an annual income of $35K, with a solid income per capita of $30K. The poverty level of this neighborhood is also 11% lower than national average.

The Downtown Colorado Springs is extremely veteran friendly, 5% of its population which are employed in military service. Downtown Colorado Springs homes can be found at prices anywhere from $175 to $2.2M, and can be upwards of 10,000 square feet in size. Downtown Colorado Springs homes offer APR rates of 3.6% 3.8%. The median home prices of houses throughout the Downtown Colorado Springs neighborhood are marked at $208K, while rent can be asked for an average of $890 per month. At least 12% of rented households throughout the Downtown Colorado Springs community include utilities in their costs of rent. The median rent asked of Downtown Colorado Springs homes is 3% lower than national average, with 32% of available homes being available for rent, 17% listed as being for sale only, and 10% of which are used seasonally by its owners.

Downtown Colorado Springs homes have an average of 2.5 people per household, with median incomes of its residents landing around $54K per year. The median home value of Downtown Colorado Springs homes are valued around $245K, with year-to-year appreciation rates of nearly 9%, 5 year appreciation rates of 6%, and 10 year appreciation ratings of at least 2%. There are many different Homes for sale Downtown Colorado Springs can offer newcomers from all walks of life, providing its residents with anything and everything needed in a neighborhood. Downtown Colorado Springs Colorado Real Estate is some of the most prized real estate in the state, and in the country! Contact a local Downtown Colorado Springs realtor as soon as you can, and come experience all that can be benefited from in joining the Colorado Springs community!

 

Home For Sale In Downtown Colorado Springs

The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.