There are currently 180,302 real estate properties in Colorado Springs, CO, with a median automated valuation model (AVM) price of $439,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Colorado Springs, CO, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Colorado Springs, CO, is $497,732.00, with the most expensive house in Colorado Springs, CO, topping out at $69,217,200.00 and the cheapest home in Colorado Springs, CO, clocking in at $22,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Colorado Springs, CO!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colorado Springs, CO, is on a rollercoaster ride. The average rent price in Colorado Springs, CO, is $1,597.00. Indeed, when looking to rent in Colorado Springs, CO, you can expect to pay as little as $470.00 or as much as $5,700.00, with the average rent median estimated to be $1,470.00. The good news is that finding an affordable and desirable property to rent in Colorado Springs, CO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Colorado Springs, CO area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Colorado Springs, CO and much more. Save thousands at closing with home foreclosure listings in Colorado Springs, CO — up to 75% off market value!
Colorado Springs is located in El Paso, Colorado, with an estimated municipal population of 478,221 residents. All of the best foreclosed homes for sale in Colorado Springs are located in the following zip code areas on Foreclosure.com: 80951 80909 80904 80905 80906 80907 80903 80939 80938 80910 80917 80916 80915 80914 80919 80918 80927 80924 80925 80922 80923 80920 80921 80929 80901 80932 80934 80935 80936 80937 80941 80942 80946 80947 80949 80950 80960 80962 80977 80995 80997. The estimated population per square kilometer (.62 miles) in Colorado Springs is 946.
So, about how much do homes cost in Colorado Springs? The most recent median value of resident-owned homes in Colorado Springs is 269,337. An estimated 59 percent of households in Colorado Springs own their homes, with an average family size of 3.1. The median household income in Colorado Springs is 64,712, with29 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Colorado Springs, the median commute time of resident workers (in minutes) is 22.7. And last, but certainly not least, are you looking for homes to rent in Colorado Springs? If so, the average rent price paid by renters in Colorado Springs is 1,131, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Colorado Springs, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Colorado Springs is 34.7, split between 50 percent male versus 50 female. The percentage of residents who report being married in Colorado Springs is 49.5, with an average family size of 3.1.
The percentage of residents who report their race in Colorado Springs is as follows:
|Black / African American||6.5%|
|American Indian / Alaskan Native||0.8%|
|Native Hawaiian / Other Pacifc Islander||0.3%|
Looking for family-friendly neighborhoods in and/or near Colorado Springs? Or maybe you are searching for 55+ active adult communities in and/or near Colorado Springs?
The percentage of residents who report their age in Colorado Springs is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Colorado Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Colorado Springs.
How do you know that living in -- or moving to -- Colorado Springs is right where you need to be? Perhaps you grew up in Colorado Springs or already live nearby; therefore, the decision to buy a home in Colorado Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Colorado Springs for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Colorado Springs:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Colorado Springs.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Colorado Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Colorado Springs, meanwhile, can field multiple offers from more qualified buyers.
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