Relocating to a new city or neighborhood is a big decision. You should certainly invest some time in researching your new community before making a purchase. Factors like proximity to work, quality of local schools, and the types of amenities available are all important things you must consider.
However, something you should also take into account is the affordability of the neighborhood. Thinking about your budget is probably the most crucial element of finding a home and if you unknowingly choose a neighborhood with high home prices or high property taxes, you might get stuck paying for something that is out of your budget.
Here's a helpful guide to the most affordable neighborhoods to buy a home in Colorado Springs.
Palmer Park is not only home to one of the most beautiful parks in the area; it's also an affordable neighborhood with a lot to offer. Homes here range from just below the $100,000s up to $200,000 and many properties include custom renovations and large lots with manicured lawns and mature trees. Its central location also means it is within a 30-minute drive to both Fort Carson and the Air Force Academy. There's exceptional retail and dining amenities in the area, but the real treat is the park, which is home to miles of hiking and mountain biking trails.
Situated to the east of Palmer Park is the picturesque community of Cimmaron Hills. This affordable Colorado Springs neighborhood is within a 30-minute drive to Fort Carson and the Air Force Academy and is also conveniently close to the Colorado Springs Airport and Peterson Air Force Base. Average home prices here sit just below $200,000. This is an excellent family-friendly community with many high-quality schools available.
South of Downtown Colorado Springs, Stratmoor Hills is an excellent affordable community perfectly positioned for service members stationed at Fort Carson. Less than a 10-minute drive to Fort Carson, this neighborhood is a commuters dream. With beautiful scenery and the Cheyenne Mountains in the background, this is a stunning neighborhood that offers comfort and convenience. Stratmoor Hills is home to some of the best shopping in the neighborhood and also offers easy transportation to get to other areas of the city with the major roadways nearby. There's a nice range of homes in the area from new constructions to more mature properties, and prices tend to range from the high $100,000s to $300,000s.
As a central neighborhood, you may not find the same sprawling yards in Memorial Park homes for sale, but what you will find is impressive nonetheless. Memorial Park is an affordable community in Colorado Springs with a ton of local amenities and incredible community features like the large park as well as a velodrome, and more. It's within close proximity to all major amenities and an easy commute to all major employers in the area. A massive lake in the neighborhood provides a beautiful beachfront with exceptional Pikes Peak views and Downtown Colorado Springs is only five minutes away. Home prices here start in the mid $100,000s, but you should act fast; there are many initiatives to improve the park and local area so investing in a home here will surely offer exceptional value and reward.
Village Seven is located at the center of East Colorado Springs. Within an easy 30-minute commute you will find Fort Carson, The Air Force Academy, and more. Peterson Air Force Base is even closer, with a 10-15-minute commute. Homes here are situated on beautiful properties with lush landscaping and spacious design. There are numerous beautiful parks nearby with fantastic walking and biking trails for active families. The Powers Corridor is also close, which is home to the best shopping, dining, and entertainment in Colorado Springs. There's no shortage of activities in the area with a local swim club, IMAX Theater, golf courses, and more. Prices in Village Seven are reasonable, and many homes are priced between $100,000-$300,000.
Want to learn more about the most affordable neighborhoods in Colorado Springs? Contact the experts at Military Home Search at 719-373-1906 or toll-free at 800-205-6170 to learn more about your options and for advice on relocating to The Springs.
Lauren Schneider, Real Estate Agent and Military Relocation Professional (MRP)
Lauren Schneider has lived in Colorado Springs for nearly 20 years and knows that the military is what keeps this town ticking, which is one of the reasons she's chosen to pursue her dream of helping military families with all of their homebuying needs. Learn more about Lauren or start your home search now.