Colorado Springs has a total population of 464,474 and 58.00% of the population owns their home. 42.00% of the occupied housing units are renters within the Colorado Springs metro area. The median gross rent from 2014 - 2016 was $958. This is a difference of -10.88% from the most recent rental rates. Residents tend to be more long term, 76.30% stay in their residence for more than 1 year. For those who own a home, the median value of the house is $222,100.
The average rental rate for all rental properties within Colorado Springs is $1,075. The rental rates by bedrooms is as follows. For a studio, $689. For a one bedroom, $946. For a two bedroom, $1,145. And for three bedrooms the rental rate is $1,424. The average sq ft for a rental unit is 843 sq. ft.With 3 bedrooms being about on average 1,267 sq. ft.
By neighborhood, the average rental rates in Colorado Springs are as follows:
Old North End - $856
Knob Hill - $860
Spring Creek - $864
Pikes Peak Park - $868
Venetian Village - $907
Rustic Hills - $915
East Colorado Springs - $925
Village Seven - $945
Old Farm - $983
Stratton Meadows - $997
Indian Heights - $1,013
Holland Park - $1,013
Cragmoor - $1,013
Wagon Trails - $1,041
Kissing Camels - $1,071
Ivywild - $1,089
Cheyenne Hills - $1,113
Broadmoor - $1,113
Skyway - $1,117
Garden Ranch - $1,148
The total population under the age of 18 is 30.70%. While those over 65 is 12.30%. Women make up 50.30%, while men make up the remaining 49.70%. 78.80% of the population is white, 17.40% is latino and 6.40% African American.
$56,227 with 12.80% of the population considered in poverty. The education level is rather high with 93.40% with a high school degree or higher. The median annual household salary for Colorado Springs is $56,227 with 50.07% of all businesses with the city are men owned, while 36.18% are women owned. 16.18% of businesses are minority owned.
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