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Colorado Springs is home to five major military installations. A large number of residents are currently in the military, part of a military family or retired military. This also means there are large numbers of military communities in the city. However, Colorado Springs is a diverse place. Besides the military neighborhoods, there are also neighborhoods filled with those who are flocking to the area to work in the growing high-tech industry. On the outskirts of town, there are prairie areas where cattle and sheep farmers raise their flocks, herds and families. With so many options in housing, it shouldn't be a surprise that Colorado Springs has seen a very fast and large growth in population over the last three decades.
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Colorado Springs, CO was originally developed as a health resort and is still known for its clean air. Now, though, it is also known for low crime and low taxes, in addition to great home prices. The median home price in the city is $189,900. Of course, there are also luxury accommodations in the city, such as those found in the Broadmoor Resort Community, that will cost you a bit more. No discussion of the housing market in Colorado Spring is complete, though, without mentioning the huge amount of military housing.
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