Metropolitan Statistical Area (MSA):
The Colorado Springs, CO metropolitan statistical area (MSA) is located in the central portion of the state of Colorado. The MSA includes El Paso County and Teller County. According to the 2010 census, the population of the MSA was 645,613. The MSA is home to many military installations, including Fort Carson, Peterson Air Force Base, Schriever Air Force Base, and the United States Air Force Academy.
The housing market in Colorado Springs has been strong in recent years. Home prices have been rising steadily, and the number of homes sold has increased every year since 2013. The average price of a home in Colorado Springs was $360,000 in 2017. This is a significant increase from the average price of $275,000 in 2013.
There are several factors that have contributed to the strong housing market in Colorado Springs. The economy in Colorado has been growing rapidly in recent years. This has led to an increase in job opportunities and population growth. Additionally, many people are moving to Colorado Springs because it is a desirable place to live. It offers a great quality of life with plenty of outdoor activities and a low cost of living relative to other parts of the country.
Investors have also played a role in driving up prices in the Colorado Springs housing market. They are attracted to the city because of its strong economy and population growth potential. As a result, they are buying up properties and driving up prices even further
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