7 Reasons to Move to Colorado Springs, CO

Colorado Springs, located in the foothills of the Rocky Mountains, is a vibrant and beautiful city that offers residents a wide range of benefits. Colorado Springs has something to offer everyone, whether you are looking for outdoor activities, a strong job market, or a great place to raise a family. Here are just a few reasons why you may want to consider moving to Colorado Springs:

Colorado Springs Olympic City USA

Outdoor activities

Colorado Springs is known for its beautiful natural surroundings, including Pikes Peak, Garden of the Gods, and the Cheyenne Mountain Zoo. These natural attractions provide residents endless hiking, biking, and camping opportunities. With a couple different state parks, you can never be too far from nature.

Job market

Colorado Springs is home to a strong and diverse economy, with a focus on technology, defense, and healthcare. The city is also home to several major employers, such as Lockheed Martin, Northrop Grumman, and Memorial Hospital. We have Penrose Hospital and hundreds of teaching opportunities. Our restaurant market is growing fast as well.

Education

Colorado Springs is home to several highly ranked universities and colleges, including the United States Air Force Academy, Colorado College, and the University of Colorado at Colorado Springs. Check out these linked resources for rankings on Niche.com.

Lower cost of living

Compared to other major cities in Colorado, the cost of living in Colorado Springs is relatively low. This means that residents can enjoy a high quality of life without breaking the bank. With the average home price hovering around $500,000, you're sure to find something you love.

Great place to raise a family or for the single life

Colorado Springs is home to a strong and supportive community, with highly rated schools and a wide range of activities for all.

Small-town feel

Colorado Springs is a city of around 480,000 people and has a small-town feel, with friendly people and a strong sense of community. We still have all the amenities of a larger city with all the things to do, but small enough to feel important.

Weather

Colorado Springs, being in the foothills of the Rocky Mountains, has a semi-arid climate with little humidity, low precipitation and a lot of sunshine. It's not uncomfortably hot nor is it uncomfortably cold-at least not for too long!

The Keys 🗝️

Overall, Colorado Springs is a fantastic place to live and offers residents a wide range of benefits. From the beautiful natural surroundings to the strong job market and excellent schools, there are many reasons to consider moving to this vibrant and growing city.

IRIS BURTON | REALTOR®

RE/MAX PROPERTIES, INC.

102 SOUTH TEJON STREET

COLORADO SPRINGS, CO 80903

719.315.5016

IRISBURTON.COM

LIVINGTHESPRINGS@GMAIL.COM

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PROS & CONS of Living in Colorado Springs CO

Let's chat about the UPDATED pros and cons of living in Colorado Springs CO. Things are going to be so different in 2023. We have a lot of transplants. We'll talk about things to hate about living in Colorado Springs and will that outweigh the things to love?

Top PROS AND CONS of Living in Colorado Springs CO. I absolutely LOVE living in Colorado Springs CO, but it's not for everyone. This is my honest review of Colorado Springs CO after being raised here and raising my family here.

Living in Colorado Springs Pro

So many people love living in Colorado Springs for the mountain views and the nature and outdoor lifestyle. When you can go hiking and biking pretty much almost every day, it just feels good for your soul. People like the city vibe while being able to feel like they're on vacation as well and hide in comfort of their homes when the day is done.

Colorado Springs Communities

Living in Colorado Springs has many perks including our tight knit communities. Almost everyone knows everyone else if you're a native. The military community is big here and we love our soldiers! Have you ever lived in a city where really cool military aircraft and vehicles are often visible? The kids love it. Feels so patriotic. So if you're military, you'll fit right in.

Mountain Views from Black Forest CO

Traffic in Colorado Springs

I remember the moment when the traffic in Colorado Springs changed. I went from freely changing lanes to having to actually plan my route strategically so I didn't miss my exits or turns. It feels different now to have to be such a defensive and organized driver these days, but for being the second largest city in Colorado, I guess I can't complain. It could be worse!

Restaurants in Colorado Springs

The food culture in Colorado Springs has changed greatly for the better! So many new restaurants have popped up and I'm here for it! The food trucks out here are fantastic and not super expensive. If you're a foodie I post a lot on Instagram. You can follow here as well as the #coloradospringsfoodie to learn all the best spots to eat in Colorado Springs.

Colorado Springs Weather

The Colorado Springs weather is beautiful. Although I hate being cold, I can appreciate that most days are sunny here. Average temperature during the winter is usually between 40 and 50 degrees. As long as the wind is "chill" I can handle it. Some people love cold weather, I prefer spring and summer. You do get all seasons here, so that's great. I do wish we had more moisture.

Houses in Colorado Springs

The homes in Colorado Springs are super cute. We have a variety. If you like cabin feel or modern, we have it all. With lots of new construction updating homes, you're sure to find a house you can live in forever. Many of the homes will give you mountain views and mature trees, but the further west you go, the prettier the mountains, especially Garden of the Gods, Broadmoor, and Manitou Springs areas. Check those homes out in this video → Top Luxury Homes

The Keys 🗝️

Colorado Springs is a great place to live if you love all four seasons (including cold), mild weather, a variety of homes (outdated or country vibe, too), bad traffic sometimes, good food, incredible views, and amazing communities. Just keep in mind the altitude, cold and dry weather and you'll be good!

Need help relocating to Colorado Springs CO?

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IRIS BURTON | REALTOR®

RE/MAX PROPERTIES, INC.

102 SOUTH TEJON STREET

COLORADO SPRINGS, CO 80903

719.315.5016

IRISBURTON.COM

LIVINGTHESPRINGS@GMAIL.COM

The Colorado Springs Housing Market Just Got Worse for 2022

The Colorado Springs housing market in 2022 is more competitive than ever. Is it even worth trying to buy a house or sell a house in this market? In this video I will go over why the Colorado Springs housing market just got worse and whether there is a crash or a recession on the horizon.

How much money do I need to live in Colorado Springs?

According to payscale.com, the average salary in Colorado Springs can range from about $49k and up depending on the profession. With lenders advising buyers to stay around one third of their income for housing expenses, that doesn’t make owning a house affordable in Colorado Springs based on these numbers unless you are putting a huge down payment on the house. Affordability is definitely a challenge for single income homes.

Average Home Price in Colorado Springs

The average home price just hit $539,684. This is up 4.8% from the previous month. The median sales price is at $475,000. This is up $65k from last year. This doesn't seem to be slowing down at all. Check out this graph of homes for sale in Colorado Springs average sales price over the last 20 years.

Foreclosures in Colorado Springs

Black Knight is a data and analytics marketplace. They share comprehensive and diverse data sets and advanced analytics on mortgages and lending.

In the graphs in the video, you'll see how each state is doing pre-pandemic to now in 2022. The green states aren't doing so great, while the blue states have less foreclosure starts. As you can see, Colorado is green so our foreclosure starts are up 5%. We'll get into that more in a bit.

People are getting ridiculous with spending and overextending themselves. Homeowners got really excited about their equity and let's face it, not everyone is good with their finances. According to SpendMeNot.com, 69% of adult Americans have less than $1,000 in a savings account. So what do you think happens with 8% inflation and overspending after using cash out refi's to supplement income or get caught up with debt? Will people be able to keep up with their payments, higher property taxes since values are up, inflated gas, food, and mortgage payments?

Housing Crash in Colorado Springs

Now, realistically, home buyers are much more qualified these days than then. So I think housing prices will begin to stabilize at worst, but I honestly don't see a housing crash any time soon, but that's just my humble opinion.

Should I Buy a House in Colorado Springs?

Easy answer, yes. But not a one-size-fits-all for everyone. Everyone needs a place to stay right? You're likely going to be paying rent regardless and in today's market that looks like at least around $1,800 per month and I'm being very conservative because it's more like $2,100 per month for a 3 bedroom, 3 bath in Colorado Springs.

So you live here for 5 years and you pay $1,800 per month for 5 years, here's what happened. You spent $21,600 per year on rent on an asset that belongs to someone else. $108,000 in 5 years on an asset that belongs to someone else. Let's just think about that for one holy second. You've spent 6 figures to pay off your landlord's mortgage. You just bought your landlord 1/4 of his house. Is that not deflating? Now think about spending $108,000 on your own asset. Seems doable, right? If you could have bought something 10 years ago would you have?

IRIS BURTON | REALTOR®

PROSPERITY PROPERTIES GROUP

Brokered by EXP® REALTY, LLC

3361 N Academy Blvd, Colorado Springs, CO

www.irisburton.com

irisjburton@gmail.com

719.315.5016

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