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Colorado City

Colorado City

Located in Mitchell County

$138,796 Average Value
$81 Average Price per Sq Ft
29 Homes For Sale

The former cattle town of Colorado City is moving into the future

In the late 19th century, Colorado City had the makings of a classic Western movie: a busy rail hub and a rowdy cattle town where cowboys frequented the nearly 30 saloons. Today, agriculture, oil and gas help to drive the local economy, and the town is working toward growth on the heels of decades of population decline. Schools, a revitalizing downtown and outdoor activities are the pride of this small West Texas town. "Any direction you go — north, south, east or west — in about 75 miles you're going to run into a bigger city, and at some point I believe Colorado City is going to take off," says City Manager Donna Madrid.

Ranch-style homes on spacious lots

With a median home price of about $150,000, Colorado City is considered more affordable than surrounding cities. "Especially in Midland and Odessa, people who can't afford to live in those areas come out to these smaller communities like ours," Madrid says. "It's a rural community where people can live a little cheaper." Many homes are ranch-style properties dating from the mid to late 20th century. City lots range around a quarter acre, and outlying farms may include large parcels. Properties often include storm cellars to protect against tornadoes.

Early college learning in the Colorado Independent School District

The Colorado Independent School District, graded B-plus by Niche, is well-regarded for its athletic and academic programs. The district includes the B-rated Colorado Elementary and Middle School and the A-minus-rated Colorado High School, all on the city's northeast side. High schoolers can get a head start on college with dual credit classes. "They're always bringing in new programs for the kids where they can get more college experience," says Madrid, whose own kids attended Colorado ISD schools.

Shopping and dining on revitalizing Second Street

Boutiques, restaurants, cafes and offices are increasingly filling the 19th-century buildings on Second Street. "They have that old brick façade aesthetic from that era, so people are cleaning them up and bringing back that historic look," Madrid says. Bigg's Pizza and Grill is a local favorite with a varied menu featuring specialty pies, pastas, burgers and subs. Pumpjack Saloon, a bar, grill and music venue with three stages, is scheduled to open in 2025. Events are also taking shape downtown, like Main Street Market, where local artists sell their wares at the Civic Center. For groceries, residents can head to Lowe's Market.

Outdoor activities at Lake Colorado City State Park

Outdoor enthusiasts enjoy about 500 acres of open space at Lake Colorado City State Park. Easy and moderate hiking trails offer views of the lake, desert-like terrain and wildlife, including a possible 300 species of birds. Extending about 1,600 acres, the namesake lake is a venue for canoeing, kayaking, swimming and fishing for largemouth bass, channel catfish and sunfish. The city maintains Fisher Park, which has a 1,100-plus-acre fishing lake. Ruddick Park and Paredes Park feature play equipment, picnic tables and open space. Ruddick hosts horseshoe competitions, free swimming at the pool, and a fireworks show for the Fourth of July.

Interstate 20 access to nearby cities

Colorado City has two connecting exits to Interstate 20, leading about 80 miles west to Midland and Odessa and about 70 miles east to Abilene. The route continues east to the Metroplex, about 220 miles away. Texas Highway 208, a north-south route, also cuts through town. Abilene Regional Airport offers nonstop service to Dallas, and Midland International Air and Space Port serves eight nonstop destinations in Texas, as well as Las Vegas, Phoenix and Denver. Mitchell County Hospital provides emergency care and other services in town. Spartan Public Transportation provides
on-demand rides within a large 17-county service area.

Liz Coughlin
Written By
Liz Coughlin

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Colorado City Housing Trends

Housing Trends

Median List Price
$145,000
Median Sale Price
$68,500
Median Single Family Sale Price
$140,000
Median Change From 1st List Price
12%
Last 12 months Home Sales
2
Median Home Sale Price YoY Change
-57%
Average Price Per Sq Ft
$81

Area Facts

Number of Homes
216
Number of Homes for Sale
29
Median Year Built
1950
Months of Supply
174.00
Average Single Family Home Size Sq Ft
1,784
Below the national average
1,929
Median Lot Size Sq Ft
20,908

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Colorado City Has More Owners

Demographics

Total Population
4,273
Median Age
38
Population under 18
29%
Above the national average
23.8%
Population over 65
18.2%
On par with the national average
19.1%

Finances

Median Household Income
$42,015
Significantly below the national average
$71,702
Average Household Income
$62,156

Education and Workforce

High School Graduates
84.9%
College Graduates
8.3%
Significantly below the national average
34.1%
Advanced Degrees
1.1%
% Population in Labor Force
45.9%
Below the national average
65.1%

Weather

Annual Precipitation
23''
Average Winter Low Temperature
28°F
Average Summer High Temperature
94°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

42 / 100

Car-Dependent

Walk Score®®

30 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Colorado City
Richmond Frasier
Legacy Broker Group
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