How Many Colorado Springs Single-Family Houses Are There?

The Colorado Association of REALTORS® (CAR) Monthly Market Statistical Reports provide data on the housing market in Colorado Springs, based on Multiple Listing Services (MLS). Homes in Colorado Springs receive one offer on average and sell in around 46 days. The median sale price of a home in Colorado Springs was $440K last month, up 1. 1 since last year. The median sale price per square foot in Colorado Springs is $440K.

In February 2023, realtors sold 792 single-family homes, a decrease from the previous month. However, the median sales price for single-family home construction in Colorado Springs fell from 552 per month in March to 95 by year’s end. There are currently 3, 606 homes for sale in Colorado Springs, El Paso County, with a median price of $455, 000, a decrease of 5. 2 since last month.

The median listing home price in Colorado Springs was $469K in August 2024, trending down -4. 1 year-over-year. The average home value in Colorado Springs is $448, 091, up 0. 3 over the past year. The median sales price in the Colorado Springs housing market remains strong, even with high-interest rates and a shaky real estate market.

In October 2024, the number of houses for sale in Colorado Springs increased significantly, reaching 3, 394 homes. The El Paso county assessor lists 234, 364 residential properties, making SFH make up 91 of properties in Springs. The Community Development Division invests the City’s HUD grant funds in preserving existing affordable housing for homeowners and helping first-time buyers find their dream single-family homes for sale in Colorado Springs, CO.

Which City Has The Most Single-Family Homes?

In the United States, single-family homes dominate the housing landscape, with approximately 82 million out of 129 million occupied units as of 2021. New York is unique, as it has the highest proportion of multi-family units, with 46. 8 single-family units. In comparison, 35 states report over 70 single-family units. The Greater Houston area leads in new single-family home construction permits this year, tallying 29, 687 permits. Other notable metro areas for housing construction include Dallas-Fort Worth and growing Sunbelt cities.

Hartford, Connecticut recorded the fewest single-family permits, illustrating the contrast in construction activity across the country. Bakersfield, CA, surprisingly features the highest percentage of single-family homes at 76. 2%. Cities with substantial single-family home stocks include Detroit, Wichita, Oklahoma City, and Memphis. Analyses show that regions like Atlanta, Houston, and Los Angeles continue to attract buyers for single-family homes, while certain cities reveal high vacancy rates among newly constructed single-family premises.

What State Has The Most Single-Family Homes?

In the United States, the majority of housing units are single-family homes, totaling approximately 82 million out of 129 million occupied units in 2021. While New York is the only state where multi-family units dominate (46. 8% single-family), 35 states boast 70 or more single-family units, with Idaho (78. 3), Iowa (78. 2), and Kansas (78. 1) at the forefront. Among large cities with populations over 350, 000, single-family housing shares range dramatically from 74.

2% in Detroit to 17. 0% in New York City. Houston stands out as having the highest volume of single-family homes, with 219, 718 units. The southern U. S. has been the fastest-growing region for new single-family homes, accounting for the majority of recent constructions. The annual appreciation for single-family housing was reported at 6. 5% in 2023. Notably, Oklahoma and Mississippi had the highest percentages of recent single-family home purchases at 96.

1% and 95%, respectively. Vermont recorded the highest vacancy rate, at 22. 86%, while overall, there are about 16 million empty homes across the nation. This landscape highlights the dominance and variability of single-family housing throughout the U. S., with significant regional differences and trends in home construction.

How Many Homes Are In Colorado Springs?

Colorado Springs has a total of 201, 936 housing units, with the median year of construction being 1985. Out of 193, 149 occupied units, 61. 08% are owner-occupied, while 38. 92% are rented. As of 2024, the city's housing market is balanced, featuring stable prices and quicker sales, which benefits both buyers and sellers. Currently, there are 5, 155 homes for sale, with the average home value at approximately $448, 091, marking a slight increase of 0.

3% over the past year. Colorado Springs has a population of around 491, 441, with a median household income of $83, 215 and an employment rate of 63%. The percentage of residents living in poverty is 9. 5%. Additionally, there are over 50, 000 single-person households, making up about 29% of all households in the city. The housing dynamics showcase a variety of units, including detached and attached homes.

The comprehensive housing data, including new listings and prices, reflect the ongoing developments in the Colorado Springs real estate market. This information highlights the city’s unique position within the region and its potential for growth in the coming years.

What Is A Good Salary In Colorado Springs?

In Colorado Springs, CO, the average salary is approximately $43, 051 at the 25th percentile and $74, 778 at the 75th percentile. A "good" salary is considered to be over $41, 000 since the median income is $41, 000, meaning that earning more places one above half of the local population. The average salary is around $47, 359, with an hourly rate near $22. However, by November 2024, the reported figure is about $28. 32 per hour or $58, 915 annually.

Job sectors display diverse income levels, with the highest earners, such as Oral and Maxillofacial Surgeons, making an average of $357, 041. Recent trends indicate a slight wage decrease of 0. 4% in Q3 2024. The cost of living in Colorado Springs is 5% above the national average, with the median household income at $79, 026. Entry-level positions start around $31, 889. Overall, average yearly salaries by sector range significantly, with management roles typically earning $135, 560 and technology roles around $112, 510, reflecting the city's varied job market.

Why Are So Many Houses For Sale In Colorado Springs?

The increase in housing inventory in Colorado Springs suggests many homes remain unsold due to overpricing and less favorable conditions or locations, according to real estate agent Dean Weissman. As of October 2024, the median home price in El Paso/Teller Counties rose to $489, 900, reflecting a 6. 2% increase from the previous month. The current housing market is balanced, characterized by stable prices and quicker sales. Despite the rise in available homes, the inventory remains low, notably fewer than last year's 554 listings.

Homes in Colorado Springs now average 46 days on the market, attracting around one offer per property. Additionally, while the median sale price reached $440, 000—up 1. 1% year-over-year—the overall housing supply is constrained by minimal construction activity and high mortgage rates. Current listings total 3, 176 homes, marking a 25. 4% increase from last year, including a median listing price of $469, 000. However, the sales pace has recently slowed, with a reported 5.

7% drop in transactions. Factors affecting sales include a rising population spurring demand and more sellers listing their homes amid concerns over increasing mortgage rates. Without new constructions, Colorado Springs will continue to experience housing supply shortages. Popular choices include single-family homes, new builds, and properties with acreage.

What State Has The Most Fatherless Homes?

The states with the highest percentage of single-parent households are the District of Columbia, Mississippi, and Louisiana, while Utah, Idaho, and Hawaii have the lowest shares. Notably, single-parent homes are predominantly headed by men in states like Montana, North Dakota, and Idaho, with Mississippi boasting the highest number of fatherless homes at 36%. Louisiana follows closely with 34%, and Alabama ranks third at 31%. The prevalence of father absence varies significantly across the U.

S., with over 20 million children living in homes without a father present. A staggering 17. 6 million children, or nearly 1 in 4, live without any biological, step, or adoptive father in their households. If categorized as a disease, fatherlessness might be viewed as an epidemic, underscored by research indicating millions lack a paternal figure or male role model. The District of Columbia has the highest rate of single-parent households, with statistics showing that 67% of Black children reside in fatherless homes.

U. S. data reflects a troubling trend, as one-third of children live in fatherless situations, a figure that has remained concerning over the years. Southern states particularly exhibit high rates of single-parent households, with Louisiana at over 40%.

Is Colorado Springs A Wealthy City?

Colorado Springs has an average household income of $84, 708 and a median household income of $86, 320, placing it above the U. S. median income and in the 84th percentile nationwide. With a poverty rate of 11. 65%, the city features 20 residents categorized as "rich." Extensive analysis across 480 cities in Colorado identified Cherry Hills Village as the richest, with an average income of $486, 405. In Colorado Springs, the average income for the top 20 wealthiest residents is $203, 661, while the top 5 earn an average of $345, 526.

The city has been recognized as the 15th best-performing large city in the U. S. for 2024. Notably, Colorado Springs is the second-most populous and largest city in Colorado, with desirable neighborhoods such as The Broadmoor. Additionally, Colorado ranks as the eighth-richest state, featuring a per capita income of $47, 346 (2022). Despite its growth outpacing its infrastructure, the city remains known for its friendly residents and quality of life, earning it the designation of the most desirable place to live in the U. S. according to U. S. News and World Report for 2024-25.

Why Are So Many People Moving To Colorado Springs?

Considering a move to Colorado Springs? This charming city in Central Colorado offers breathtaking mountain views, a wealth of outdoor recreational opportunities, and a strong job market, making it one of the best places to live in the U. S. Notably, it is also among the nation’s most dog-friendly cities. While those relocating from larger urban areas may miss some cultural aspects, the stunning natural beauty and outdoor activities compensate for it.

The city boasts a high quality of life, with one of the lowest crime rates in the country, alongside affordable housing compared to Denver. As more people embrace remote working and healthier lifestyles, interest in Colorado Springs is on the rise.

The area, often referred to simply as "The Springs," is perfect for those desiring big city amenities within a close-knit community. Noteworthy factors for moving include plentiful outdoor activities, strong economic prospects due to multiple colleges and military installations, and a welcoming atmosphere. With an active lifestyle encouraged year-round, the city’s charm extends to its relatively low cost of living.

If you’re contemplating this picturesque destination, numerous pros and cons exist to weigh before making the leap. Colorado Springs continues to grow and attract newcomers seeking a more affordable lifestyle while still offering numerous recreational pursuits.

Are More Homes Coming On The Market In Colorado Springs?

The housing market in Colorado Springs is witnessing a notable increase in the number of homes for sale, with November recording the highest inventory in a decade. Despite this, home prices have remained relatively stable over the past three years, with the median listing price around $475, 000 in July 2024. However, the influx of listings could lead to price drops if demand doesn't keep pace, as supply increases.

Currently, the average home value stands at approximately $452, 001, yet sales have slowed significantly due to higher mortgage rates. Nevertheless, experts speculate that a potential recovery could occur in 2025, partially influenced by changing political administrations. The market remains competitive, ranking 55 out of 100, with homes frequently attracting multiple offers and often selling within 33 days.

There are around 3, 606 homes available in El Paso County, with a median price of $489, 900, marking a 6. 2% rise since last month. The overall supply of homes remains low, impacted by minimal new construction and elevated mortgage rates. The market is balanced, offering opportunities for both buyers and sellers as they navigate fluctuating conditions.

Key trends for prospective buyers and investors include staying informed about local and national developments, considering personal financial situations, and understanding inventory levels as the market evolves into 2024 and beyond. Overall, Colorado Springs is a dynamic housing environment, poised at a pivotal moment with unique opportunities amidst challenges.