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Monument

Monument

Located in El Paso County

$838,698 Average Value
$271 Average Price per Sq Ft
42 Homes For Sale

Small Colorado mountain town with laid-back vibes

Situated 20 miles north of Colorado Springs, the tiny mountain town of Monument is known for its downtown, rugged pine tree landscape and slow-paced lifestyle compared to the Springs. As of 2023, the town had a population of about 12,000 people, including families that moved here to send their kids to the high-rated Lewis-Palmer School District 38. "We are attracting a lot of people who work in Denver. People are willing to make that [50 mile] commute," says Holly Quinn, a broker at Cutting Edge Realtors who has sold multiple homes in the city. She says many residents work from home in various industries and drive to work at U.S. military bases in Colorado Springs.

Family-owned restaurants and businesses sit along 2nd Street, whimsical, bent trees line the Monument Preserve Western Loop and people take in the Pikes Peak mountain scenery at Monument Lake. Quinn says residents also trust one another. "I think the community is pretty tight-knit. Everybody goes to the high school football games. Everybody knows everybody. Living here, you'd feel comfortable letting your kids hang out and play with the neighbor kids," she says.

Monument has several types of homes and easy access to parks.
Monument has several types of homes and easy access to parks.
Have some fun shopping at The Love Shop located in Monument.
Have some fun shopping at The Love Shop located in Monument.
There are homes that located next to Monument Lake in Monument.
There are homes that located next to Monument Lake in Monument.
See the wildlife in the Monument neighborhood.
See the wildlife in the Monument neighborhood.
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Modest and affluent subdivisions in Monument

Homes in Monument tend to be more expensive compared to north Colorado Springs. The median single-family home price is $735,000, and Quinn says the housing market is balanced with enough old and new home inventory. A mix of early 21st-century and 2020s-built townhouses are primarily found in communities like Monument Villas and Monument Junction. Monument's median townhouse price is about $400,000.

Streets in and around the center of the city are well-paved and lined with sidewalks, and narrow, unmarked roads run through rural areas on the outskirts of town. New traditional and ranch-style homes with brick exteriors are spread throughout the city; these properties were built in the 21st century and range between roughly $530,000 and $700,000.

Affluent subdivisions like Homestead at Jackson Creek and Home Place Ranch line the southeast and northwest pockets of the city, offering stunning views of the Front Range mountains. Some homes with Monument addresses sit outside the city limits; these houses use private well water, have El Paso County road maintenance services and are patrolled by the El Paso County Sherriff's Office, not town police. Prices can range between $800,000 and $1.7 million.

You will find ranch stlye homes with two car garages in the Monument neighborhood.
You will find ranch stlye homes with two car garages in the Monument neighborhood.
Newly constructed homes are in the hills of Monument.
Newly constructed homes are in the hills of Monument.
You will find several ranch style homes in the Monument neighborhood.
You will find several ranch style homes in the Monument neighborhood.
Uniquely styled homes with four car garages can be found in Monument.
Uniquely styled homes with four car garages can be found in Monument.
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Spacious parks and tons of hiking trails

Monument is filled with parks and trails, including Dirty Woman Creek Park, named after a past resident who allegedly kept farm animals in her home. Limbach Park was named after the town's founder and first mayor and has a playground with plenty of open, grassy space. In October 2024, the city unveiled a new playground at Limbach with a merry-go-round and climbing equipment. Plans to build the fully accessible and disability-friendly Heart of Monument Park were announced in 2023.

The nearly 17-mile long New Santa Fe Regional Trail extends from the city of Palmer Park 3 miles north of Monument to the United States Air Force Academy in Colorado Springs 12 miles south. Bikers and joggers can access the trail on Third Street and near Highway 105 in Monument. Other scenic trails just outside the city include the 3-mile Monument Rock Trail, which is surrounded by clusters of mature pine trees, and the popular Mount Herman Trail that takes hikers to the top of a rocky mountain. People cast their reels and undock their boats at Monument Lake. Quinn says Monument is also a hockey-loving town, and players use the Monument Ice Rinks near town center.

There are several community built parks in and around the Monument neighborhood.
There are several community built parks in and around the Monument neighborhood.
There are plenty of shops and restaurants in the Monument neighborhood.
There are plenty of shops and restaurants in the Monument neighborhood.
There is a dedicated area for dogs at Fox Run Regional Park.
There is a dedicated area for dogs at Fox Run Regional Park.
Sit back and relax and enjoy the views at Angle Myst Park.
Sit back and relax and enjoy the views at Angle Myst Park.
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Walkable downtown area with boutiques and eateries downtown

Historic Downtown Monument is one of the most pedestrian-friendly spots in town. Locals and visitors can walk along 2nd Street past wooden and stucco buildings. Businesses include family-owned eateries like Arlene's Beans and tiny boutiques selling vintage clothes and accessories. The city has several shopping development plans up for review. In 2024, a Denver developer announced plans to build the Rock Commerce Center, a large industrial retail showroom, along 14 acres on the east side of Interstate 25. For more shopping options, The Promenade Shops at Briargate in Colorado Springs is about an 11-mile drive south with a mix of locally owned and major retail businesses.

Enjoy some ice cream at Lolly's, there are in the Monument nieghborhood.
Enjoy some ice cream at Lolly's, there are in the Monument nieghborhood.
You'll find plenty of books at Covered Treasures, they are in the Monument neighborhood.
You'll find plenty of books at Covered Treasures, they are in the Monument neighborhood.
You'll get great service at Mountain Air Salon, they on the west side of Monument.
You'll get great service at Mountain Air Salon, they on the west side of Monument.
Take a jog down the streets of the Monument neighborhood.
Take a jog down the streets of the Monument neighborhood.
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Many distinctions for Lewis-Palmer School District 38

The city is served by the Lewis-Palmer School District 38, which scores an overall A grade and is ranked as the second-best school district in Colorado by Niche. Residents can choose from five elementary, one middle and two high schools. The district has won a few awards over the years, including the 2021 Best Communities for Music Education. Both Lewis-Palmer and Palmer Ridge High are known for their Future Business Leaders of America programs and competed in the 2023 state championships.

There are nearly 800 students that attend Bear Creak Elementary in Monument.
There are nearly 800 students that attend Bear Creak Elementary in Monument.
Lewis-Palmer Middle School is located on a few miles east of Monument.
Lewis-Palmer Middle School is located on a few miles east of Monument.
Palmer Ridge High School is known for their athletics department and is next to Monument.
Palmer Ridge High School is known for their athletics department and is next to Monument.
Prairie Winds Elementary School  students, staff, come together to create a community.
Prairie Winds Elementary School students, staff, come together to create a community.
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Visiting annual parades and Art Hops

Monument has its fair share of annual events, with the Tri-Lakes 4th of July Celebration being the most popular. Participants start the festivities with a charity pancake breakfast at St. Peter Catholic Church, and later, folks line the streets of downtown Monument for the Monument Hill Kiwanis 4th of July Parade. Every third Thursday from May to September, folks celebrate the downtown Monument Art Hop with book signings, food trucks and live music. For more than a decade, the city has also hosted seasonal Concerts in the Park at Limbach Park’s amphitheater.

Monument Lake is a popular area in Monument to go rafting or fish.
Monument Lake is a popular area in Monument to go rafting or fish.
Enjoy some great food with friends at the immensely popular Black Forest Foods in Monument.
Enjoy some great food with friends at the immensely popular Black Forest Foods in Monument.
Get your blankets out and have a picnic at Concerts in the Park,
Get your blankets out and have a picnic at Concerts in the Park,
The Monument Hill Farmers Market is dog friendly.
The Monument Hill Farmers Market is dog friendly.
Different bands play Jazz to Rock n' Roll at Concerts in the Park.
Different bands play Jazz to Rock n' Roll at Concerts in the Park.
Fresh vegetables are available at the Monument Hill Farmers Market
Fresh vegetables are available at the Monument Hill Farmers Market
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Cooler temperatures and involved police

According to FBI crime data, Monument had around a 45% decrease in violent crimes and a 32% decrease in property crimes from late 2022 to late 2023. To help build community relations and public safety, the Monument Police Department offers a Neighborhood Watch program where residents can report concerns or questions to community resource officers during annual meetings. The department also hosts Coffee with a Cop events, and residents can also sign up for the Monument Anti-Theft Program where they can preauthorize police to find their stolen vehicle using their preferred way of GPS tracking.

The city sits at almost 7,000 feet in elevation, higher than Colorado Springs and Denver, so the weather is a bit colder and snowier. Because it’s located in a dry Ponderosa Pine ecosystem, Monument is more at risk for wildfire destruction. Set 3 miles west of Monument, the Monument Fire Center partners with the U.S. Forest Service to perform yearly prescribed burns around the city. This helps slow the spread of invasive species and recycles nutrients back into the soil, reducing fire threats.

Getting to and from Monument

Quinn says traffic is pretty mild in Monument. Commuters hop on Interstate 25 to get to nearby cities like Colorado Springs and Denver. While most people drive, folks can also utilize the Monument Park-n-Ride system or bike along the New Santa Fe Regional Trail. UCHealth Memorial Hospital is about 13 miles south in Colorado Springs, and the Colorado Springs Airport is 31 miles south with nonstop flights to cities like Las Vegas and Baltimore.

Hannah Baggenstoss
Written By
Hannah Baggenstoss
David Sanden
Photography Contributed By
David Sanden
Jacob McAllister
Video By
Jacob McAllister

Interested in learning more about homes in this area? Reach out to Tatyana Sturm, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Monument Housing Trends

Housing Trends

Median List Price
$732,500
Median Sale Price
$669,086
Median Single Family Sale Price
$727,444
Median Townhouse Sale Price
$675,990
Median Change From 1st List Price
2%
Last 12 months Home Sales
421
Median Home Sale Price YoY Change
-4%
Average Price Per Sq Ft
$271

Neighborhood Facts

Number of Homes in Neighborhood
8,958
Number of Homes for Sale
42
Median Year Built
1999
Months of Supply
1.20
Average Single Family Home Size Sq Ft
2,907
Significantly above the national average
1,924
Average Townhouse Size Sq Ft
1,617
Average 2 Bedroom Size Sq Ft
1,128
Average 1 Bedroom Size Sq Ft
970
Median Lot Size Sq Ft
17,859

Open Houses

  • 19140 Golden Arrow Cir, Monument, CO 80132

    $850,000

    • 6 Beds
    • 3.5 Baths
    • 3,949 Sq Ft
    • 19140 Golden Arrow Cir
    • New 6 days ago

    Welcome to this beautifully maintained 6-bedroom, 4-bathroom home in the highly sought-after Woodmoor neighborhood of Monument. Situated on just over a half-acre, this property features a fully fenced backyard with a fire pit—perfect for relaxing or entertaining.Inside, you'll find brand-new carpet throughout and rich real wood flooring in the entry, kitchen, and eat-in dining area. Just

    Agent Photo
    Aimee Fletcher
    Exp Realty LLC
    (719) 239-7544
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  • 1070 Panoramic Dr, Monument, CO 80132

    $1,375,000

    • 5 Beds
    • 4.5 Baths
    • 4,474 Sq Ft
    • 1070 Panoramic Dr
    • New 12 days ago

    Welcome to your dream home in the prestigious Sanctuary Pointe community, where luxury living meets breathtaking natural beauty. Nestled among towering pines and showcasing unobstructed views of Pikes Peak and the U.S. Air Force Academy, this nearly new ranch-style home offers unmatched curb appeal and thoughtful design throughout. The exterior features a tasteful blend of stucco and stone

    Agent Photo
    Aimee Fletcher
    Exp Realty LLC
    (719) 625-2122
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  • Saturday, Aug 9
    Open Sat 12PM - 2PM

    17645 Water Flume Way, Monument, CO 80132

    $800,000

    • 5 Beds
    • 4 Baths
    • 4,312 Sq Ft
    • 17645 Water Flume Way
    • New 6 days ago

    Perfection with Every Upgrade Imaginable! Welcome to an absolutely stunning 2-story home that blends elegance, comfort, and entertainment in every corner. From the moment you step inside, you'll be captivated by the dramatic entry and the flood of natural light that shines through the formal living and dining rooms, guiding you effortlessly into the spacious kitchen and great room. The chef’s

    Agent Photo
    Tamara Whalen
    HomeSmart
    (719) 497-5799
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Monument

Property Mix - Square Feet

Monument Has More Owners

Demographics

Total Population
8,013
Median Age
41
Population under 18
26.1%
On par with the national average
23.8%
Population over 65
15.7%
On par with the national average
19.1%

Finances

Median Household Income
$119,380
Significantly above the national average
$71,702
Average Household Income
$146,774

Education and Workforce

High School Graduates
96%
College Graduates
58.5%
Above the national average
34.1%
Advanced Degrees
26.7%
Above the national average
13.3%
% Population in Labor Force
72.4%

Weather

Annual Precipitation
22''
Average Winter Low Temperature
16°F
Average Summer High Temperature
81°F
Annual Snowfall
64''

Area Factors

Somewhat Bikeable

Bike Score®®

30 / 100

Car-Dependent

Walk Score®®

9 / 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.
Monument