Why Live in Old Colorado City
Old Colorado City in Colorado Springs is a historic neighborhood that has evolved into a vibrant arts district. Along Colorado Avenue, nearly 20 galleries, including Lucky Pig, showcase the work of over 100 local artists. The First Friday ArtWalk is a popular monthly event where residents can meet artists, watch live demonstrations, and enjoy special deals at local businesses like Heartshake Studios. The weekly farmers' market features live entertainment, and the annual Territory Days festival celebrates the area's gold rush history with performances, gold panning, and a variety of vendors. Dining options are plentiful, with over a dozen local restaurants, breweries, and cafes. Mountain Shadows, a family-owned restaurant featured on Food Network, and Jake and Tellys Greek Taverna are local favorites. King Soopers is conveniently located one mile away for grocery needs. Interstate 25 provides easy access to other parts of Colorado Springs, with downtown just 3 miles away and retail shopping at University Village 5 miles away. Public transportation is available through Mountain Metropolitan Transit. Housing options include historic craftsmen and cottages, as well as new traditional craftsmen and contemporary homes. Residents enjoy proximity to outdoor destinations like Red Rock Canyon, Garden of the Gods, and Monument Valley Park. Bancroft Park is centrally located on Colorado Avenue. While schools are not the main attraction, West Campus offers elementary and middle school classes, and Coronado High School has decent academic ratings.
Frequently Asked Questions
Is Old Colorado City a good place to live?
Old Colorado City is a good place to live. Old Colorado City is considered fairly walkable and very bikeable with some transit options. Old Colorado City is a suburban neighborhood. Old Colorado City has 6 parks for recreational activities. It is somewhat dense in population with 7.1 people per acre and a median age of 42. The average household income is $81,592 which is below the national average. College graduates make up 43.4% of residents. A majority of residents in Old Colorado City are home owners, with 49.7% of residents renting and 50.3% of residents owning their home. A
local real estate agent serving Old Colorado City can help you decide if this neighborhood is the right one for you. Learn more on our
Old Colorado City neighborhood guide.
How much do you need to make to afford a house in Old Colorado City?
The median home price in Old Colorado City is $425,000. If you put a 20% down payment of $85,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $2,160 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K a year to afford the median home price in Old Colorado City. The average household income in Old Colorado City is $82K.
What are the best public schools in Old Colorado City?
The best public schools that serve Old Colorado City are:
What are the best private schools in Old Colorado City?
The best private schools that serve Old Colorado City are:
What are the most popular zip codes in Old Colorado City, Colorado Springs, CO?
What are the most popular neighborhoods near Old Colorado City, Colorado Springs, CO?
Are home prices dropping in Old Colorado City?
Yes, home prices in Old Colorado City are down 5% in the last 12 months.
Home Trends in Old Colorado City, CO
On average, homes in Old Colorado City, Colorado Springs sell after 62 days on the market compared to the national average of 52 days. The median sale price for homes in Old Colorado City, Colorado Springs over the last 12 months is $425,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$425,000
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$365,000
Median 2 Bedroom Sale Price
$251,250
Median 1 Bedroom Sale Price
$405,000
Average Price Per Sq Ft
$356
Number of Homes for Sale
27
Last 12 months Home Sales
82
Median List Price
$425,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%
