The neighborhood of Old Colorado City is known for its charming appeal, making Old Colorado City Real Estate escalate quickly! Old Colorado City is located west of Downtown Colorado Springs, not even ten minutes away. Old Colorado City is as ancient as 1859, and began development during the discovery of gold mines and the Pikes Peak Gold Rush. Old Colorado City is also extremely historical, and is listed as number 5 as most desirable places to live in all of Colorado Springs, as well as being number 24 in all of the state of Colorado.
The community has extremely low crime rates, and the residents of Old Colorado City enjoy high income per capita. Old Colorado City has a very stable housing market, and its inhabitants have earned extremely high graduation rates. Old Colorado City presents its residents with slightly higher costs of living, but is rivaled by its very low rates of unemployment. The neighborhood enjoys a close proximity to Pikes Peak, with a constant view of Colorado Springs front range through its various tree-tops. Old Colorado City also spits out straight into Manitou Springs, and Just north of area and up the road is the beautiful Garden of the Gods park, lined with towering, naturally sculpted red rocks. Old Colorado City rests in Colorado Springs School District 11, and has a mix of both modern housing and quaint cottages, as well as traditional turn of the century Victorians that are well-kept and retain their classic, antique appeal.
Old Colorado City enjoys a mild climate on the slopes of Colorado’s Rocky Mountains, and is heavily covered by lush, green trees that remain low enough to allow the mountains to peak above their highest branches. Old Colorado City has a population of around 18,000, sitting at an elevation of 6155 feet.
Old Colorado City has a long stretch of stores and local services that lend to the area’s antiquity, such as Jives Coffee Lounge with local barista creations, Jake and Telly’s Greek Taverna with authentic cuisines, the Honey Cottage with all-things honey and bumblebee related, Garden of the Gods Gourmet restaurant, the Loft Music Venue for local artists and patrons, as well as the local favorite the Mason Jar, and Little Colorado and Camino Real. Old Colorado City also hosts its own library, as well as one of the city’s few remaining original Dunkin Donuts locations.
Old Colorado City has many outdoor opportunities to enjoy the beautiful Coloradan nature such as Thorndale Park, Bancroft Park, Vermijo Park, Fountain Creek, and straight access to Highway 24 in order to venture towards Manitou Springs, Woodland Park, or anywhere else throughout Ute Pass. Old Colorado City also provides its residents with other unique venues such as Independent Records, Secret Garden, an Arc Thrift Store, Goodwill retail and donation center, as well as the newly developed Rudy’s Country Store and Barbecue, which frequently lowered gas prices.
Old Colorado City residents have achieved among the 80th percentile in their testing scores, opposed to state average of 58%, also being 20% higher than national average. 98% of Old Colorado City’s residents have earned diplomas, while 60% have received degrees in high education, 30% of which have at least have earned a masters degree. Old Colorado City residents experience commute times less than that of the national average. -Nearly 53% of its residents are homeowners, and close to 20% obtain an income less than 100K per year.
Residents in this area average an income per capita of $63,000, and the median household income falls around $81,000. Many residents within Old Colorado City are employed in educational, health, and social services, as well as financial and insurance services employments, and some throughout the construction industry. Old Colorado City is nearly 7 sq. mi. in size, making the population density to fall close to 350 people per sq. mi. throughout Old Colorado City, and the median age of its diverse population of residents is around 48. Nearly 70% of Old Colorado City residents’ income is based on salary, and 56% of residents’ incomes are based on investments. T
he median home price asked throughout home in Old Colorado City is $450,000. The median rent asked lands around $770 per month. There are about 2.1 people per household in Old Colorado City, and 80% are homeowners. Homes throughout Old Colorado City earn a 5 year appreciation rate of nearly 7%, and an appreciation rate of 2.5% after 10 years. Homes in this neighborhood offer APR rates at an average of 3.85%; and 10% of the homes in Old Colorado City are used seasonally, while 90% are being listed as for sale only. Roughly 84% of homes in the community utilize gas heating method, while 13% rely on electrical heating, and 22% of homes in Old Colorado City include utilities in rental prices.
There are plenty of great Old Colorado City homes for sale can offer its potential residents. Homes in Old Colorado City can be found anywhere from $122K to $750K, and can be between 510 sq. ft. and 3,700 sq. ft., making the median sale price value of Old Colorado City homes $297,000. Old Colorado City Colorado Real Estate is the smartest choice as your next real estate investment. Check out Old Colorado City realty today, and see what has made Colorado Springs a lasting, historical community!
West Side charm with modern updates!!!**Looking for an updated west side home? You've found it!**Walking distance from parks, schools, community center & Old Colorado Cit...
Listing courtesy of RE/MAX Real Estate Group LLC.
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Listing courtesy of Equity Colorado Llc.
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Listing courtesy of MB-First Choice RE Brokers.
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