Why Live in Falcon Estates
Falcon Estates in Colorado Springs is a neighborhood with narrow, unmarked residential streets lined with oak trees and gravel circle driveways. Housing styles include late 20th-century and 2010s townhouses with brick chimneys and vinyl exteriors, as well as midcentury ranch-style homes and split-level properties from the 1970s and 80s. Homes in the northern part of the neighborhood typically have two-car garages and spacious lawns, while those in the southern and western areas often sit on larger plots of prairie land, accommodating trailers and farming equipment. Falcon Estates is served by highly rated schools in Academy District 20, including Pioneer Elementary, Mountain Ridge Middle, and Rampart High, which offers college credit opportunities through a partnership with the University of Colorado-Colorado Springs. The neighborhood provides various recreational features, such as the Cottonwood Creek Trail, Dublin Park, Pulpit Rock Park, and Rampart Park, which includes a dog park, disc golf course, and BMX track. Residents can also enjoy indoor activities at Urban Air Trampoline and Adventure Park. Shopping and dining options are plentiful, with Chapel Hills West Mall, North Academy Boulevard, and the Promenade Shops at Briargate nearby. Falcon Estates hosts small community events, including Halloween trick-or-treating at Chapel Hills West Mall and the Pikes Peak Special Rodeo. The neighborhood is somewhat walkable, with bike lanes and public transit options available, and is conveniently located near Interstate 25, providing access to downtown Colorado Springs, Denver, and Colorado Springs Airport. Crime rates in Falcon Estates are lower than the national average, contributing to its appeal for potential home buyers.
Frequently Asked Questions
Is Falcon Estates a good place to live?
Falcon Estates is a good place to live. Falcon Estates is considered car-dependent and somewhat bikeable with some transit options. Falcon Estates is a suburban neighborhood. Falcon Estates has 7 parks for recreational activities. It is fairly sparse in population with 3.2 people per acre and a median age of 36. The average household income is $92,179 which is below the national average. College graduates make up 41.6% of residents. A majority of residents in Falcon Estates are renters, with 54.3% of residents renting and 45.7% of residents owning their home. A
local real estate agent serving Falcon Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Falcon Estates neighborhood guide.
How much do you need to make to afford a house in Falcon Estates?
The median home price in Falcon Estates is $414,500. If you put a 20% down payment of $82,900 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $2,040 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $87K a year to afford the median home price in Falcon Estates. The average household income in Falcon Estates is $92K.
What are the best public schools in Falcon Estates?
The best public schools that serve Falcon Estates are:
What are the best private schools in Falcon Estates?
The best private schools that serve Falcon Estates are:
What are the most popular zip codes in Falcon Estates, Colorado Springs, CO?
What are the most popular neighborhoods near Falcon Estates, Colorado Springs, CO?
Are home prices dropping in Falcon Estates?
Yes, home prices in Falcon Estates are down 6% in the last 12 months.
Home Trends in Falcon Estates, CO
On average, homes in Falcon Estates, Colorado Springs sell after 61 days on the market compared to the national average of 52 days. The median sale price for homes in Falcon Estates, Colorado Springs over the last 12 months is $415,000, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$415,000
Median Single Family Sale Price
$493,247
Median Townhouse Sale Price
$311,250
Median 2 Bedroom Sale Price
$290,000
Average Price Per Sq Ft
$301
Number of Homes for Sale
16
Last 12 months Home Sales
71
Median List Price
$414,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-11%
