Is it smart to buy a house in Colorado Springs?
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Is it smart to buy a house in Colorado Springs? The median home value in Colorado Springs is $292,000, a growth of 9.2% over last year. It’s one of the fastest-growing metropolitan areas in Colorado, and prices are expected to rise another 6.5% in 2019. With prices only going up, now is the time to buy.
Is Colorado Springs a good rental property? So, Is Colorado Springs a Good Place to Invest in Real Estate in 2020? Yes, Colorado Springs is a good place to invest in real estate. As long as you plan on renting out the property to long-term tenants while implementing the buy and hold real estate investment strategy, the city is a great place to invest.
Will house prices go down in Colorado Springs? Home values have gone up 20.9% over the past year. Zillow predicts they will rise 12.3% by May 2023. If this forecast is correct, Colorado Springs home prices will be higher in the 3rd Quarter of 2023 than they were in the 3rd Quarter of 2022.
Is Colorado Springs a buyers or sellers market? Colorado Springs, CO is a buyer’s market in July 2022, which means that the supply of homes is greater than the demand for homes.