Vacancy rates are low in Colorado Springs, and rental values are creeping upwards. It’s a great time to invest in the real estate market here, especially if you’re considering a single-family home.
Colorado Springs has a strong economy that attracts local investors as well as those outside of the area. With several military bases in the area, the Air Force Academy, Space Force, and great opportunities for jobs in sectors such as education, healthcare, and technology, investors know this is a market that’s always going to have tenants.
Buying a single-family home is smart because you’re likely to earn more rent and increase the amount of appreciation you’re able to realize in the long term. Single-family homes for rent in Colorado Springs tend to attract stable tenants who are willing to stay in place for the long term.
But, where should you buy? The ideal location will of course depend on your own investment goals. However, the neighborhoods we’re highlighting today will always be reliable investments for owners looking at single-family homes.
Investing in Briargate
In the Northeast section of Colorado Springs, Briargate is full of highly desired single-family homes. There are great schools, the Air Force Academy is nearby, and homes are well-maintained and neatly landscaped. It’s a master-planned community that includes space for equestrian activities.
These homes will rent quickly to families who want a reputable school district and easy access to conveniences such as grocery stores and restaurants. The mall is nearby and there’s a local YMCA in the neighborhood.
While Briargate homes tend to be spacious and come with parking and private yards, they aren’t completely out of a reasonable price range. Good deals can still be found, but move quickly. These homes are in high demand from both investors and first-time buyers.
Investing in Pine Creek
Can’t find anything you want in Briargate? A few minutes away is another suburban community called Pine Creek. It offers more than 900 acres, including a golf course, parks, nature trails, and common green spaces.
Single-family homes make up a majority of the properties here, but townhomes and apartments are also part of the community. Property values are growing in this area, which makes it an excellent investment opportunity.
Investing in Old Colorado City
When your target tenants are Millennials or even older professionals who want a walkable neighborhood, look for an investment property in Old Colorado City. You can find recently renovated single-family homes as well as fixer-uppers that will sell for a steal. These homes are older and a bit smaller than those in some of the Colorado Springs suburbs, but they command high rents and attract tenants who like the charming aesthetic.
Old Colorado City is also close to Pikes Peak, and a great starting place for any tenants who enjoy being minutes away from outdoor recreation.
These are just a few of the neighborhoods that are getting the attention of single-family home investors right now. There are a lot of other options in Colorado Springs, and we’d love to show them to you. If you’re thinking about investing for the first time or growing an already established portfolio, contact our team at Muldoon Associates. We’ll help you have a successful experience.
