Top LocationsColorado Springs Real Estate Market 2019: Where to Invest by Hamza Abdul-Samad August 11, 2019August 10, 2019 by Hamza Abdul-Samad August 11, 2019August 10, 2019One of the top-performing states in the US real estate market has been Colorado. Thus, many cities in the Colorado real estate market, such as Colorado Springs, are some of the best places to buy a rental property in 2019. What about the real estate market conditions in Colorado Springs make it a premier investment location? Also, what are the best neighborhoods in the Colorado Springs real estate market? This blog will serve to answer both of these pertinent questions!Related: 4 Reasons to Invest in the Colorado Real Estate Market in 2019Colorado Springs Real Estate Market: City-Level DataBefore we dive into why you should invest in the Colorado Springs housing market, you need to understand how the market is performing. The only reliable way to do so is to review the data of the Colorado Springs real estate market. Where can you obtain such important data? Look no further! With Mashvisor, you can analyze everything and anything related to the traditional rental strategy, from traditional Colorado Springs investment properties to the strategy in the city as a whole. To learn more about our product, click here! In the meantime, take a look at the investment data on the Colorado Springs rental market:PricingMedian Property Price: $413,219Price per Square Foot: $168Price-to-Rent Ratio: 22Traditional InvestingRental Income: $1,598Cap Rate / Cash on Cash Return: 1.8%4 Reasons to Invest in the Colorado Springs Real Estate MarketSo, why should you become a Colorado Springs real estate investor and purchase property in the city? There are four main reasons that make the city one of the top locations for real estate investing in 2019: relative affordability, appreciation, demand, and economy.Relative AffordabilityAffordability is a key factor when searching for long-term rentals. As seen from the data above, Colorado Springs home prices are not the most inexpensive, as they are about $100,000 more than the national median. However, the median property price of the Colorado Springs real estate market is about $130,000 less than the state median of $542,275, according to Mashvisor.Not only is the Colorado Springs real estate market relatively affordable compared to the state, but its cost of living is less than some of the major cities in Colorado. According to NerdWallet, the cost of living of Colorado Springs is less than Denver’s by 11%, Glenwood Springs’s by 18%, and Westminster’s by 11%. This is sure to support steady population growth.Real Estate AppreciationColorado Springs rental properties are undoubtedly profitable in terms of rental income, as highlighted by the previously mentioned data. The market has also, in the past and present, benefitted from appreciation. According to NeighborhoodScout, during the last 10 years, houses in the Colorado Springs real estate market appreciated by over 42 percent. This places the market in the top 10 percent for national appreciation. During the last 12 months, properties in the Colorado Springs rental market appreciated by 7.32%, which was higher than 70 percent of other cities and towns in the state and 78 percent of cities and towns in the nation. Appreciation is expected to remain high in the city. The appreciation rate for the latest quarter was 1.28%, which is an annual rate of 5.24%.Demand for Rental PropertyArguably the most significant of the Colorado Springs real estate market trends is its high and consistent demand. For instance, 41 percent of the city’s residents live in Colorado Springs rental properties. Colorado Springs is also a very desirable location for the traditional rental strategy due to its high ranking in several categories. According to Niche.com, Colorado Springs is among the best cities to live, best cities to raise a family, healthiest cities in the US, cities with the best public schools, best cities to retire, and best cities with outdoor activities.With the city ranking as a hot destination in general, it’s no wonder Colorado Springs is a very hot market in terms of buyer’s vs seller’s market. Buying Colorado Springs investment properties is definitely possible, but the advantage, on average, is in the seller’s favor.Related: These Are the Features of the Best Place to Invest in Real EstateStrong EconomyColorado Springs real estate investments have also benefitted from the city’s strong economy. The unemployment rate of the city is 3.6 percent, which is lower than the US average of 3.9 percent. Job market growth has been positive in Colorado Springs and has increased by over 4 percent during the last year. This growth is expected to continue in the long-term. Over the next ten years, the Colorado Springs job market is expected to increase by 48.4%, which is higher than the US average of 33.5%. The city’s economy is another reason why demand has been so high in the Colorado Springs real estate market.5 Best Neighborhoods in Colorado SpringsNow we can move on to the second major question of this blog: what are the best neighborhoods in Colorado Springs for long-term rentals? According to Mashvisor’s investment property calculator, these neighborhoods are Peterson Air Force Base, East Colorado Springs, Powers, Southeast Colorado Springs, and Falcon.Peterson Air Force BasePricingMedian Property Price: $310,246Price per Square Foot: $142Price-to-Rent Ratio: 16Traditional InvestingRental Income: $1,649Cap Rate / Cash on Cash Return: 2.5%East Colorado SpringsPricingMedian Property Price: $269,769Price per Square Foot: $156Price-to-Rent Ratio: 17Traditional InvestingRental Income: $1,312Cap Rate / Cash on Cash Return: 2.2%PowersPricingMedian Property Price: $328,788Price per Square Foot: $149Price-to-Rent Ratio: 17Traditional InvestingRental Income: $1,608Cap Rate / Cash on Cash Return: 2.2%Southeast Colorado SpringsPricingMedian Property Price: $284,209Price per Square Foot: $157Price-to-Rent Ratio: 19Traditional InvestingRental Income: $1,240Cap Rate / Cash on Cash Return: 2.1%FalconPricingMedian Property Price: $293,083Price per Square Foot: $146Price-to-Rent Ratio: 19Traditional InvestingRental Income: $1,295Cap Rate / Cash on Cash Return: 2.1%Related: Rental Property Calculator: Just for Beginners or a Tool for All Real Estate Investors?To sum it all up, the Colorado Springs real estate market is a top-tier market in 2019. The city’s housing market is primed for traditional rentals due to its profitability in rental income and appreciation, relative affordability in Colorado, economic growth, and overall high demand. The Colorado Springs real estate market trends make the city, and its best neighborhoods, must-invest locations in 2019 and 2020.To start searching for Colorado Springs investment properties and analyzing its rental properties, click here to start your 14-day FREE trial with Mashvisor! Start Your Investment Property Search! START FREE TRIAL Colorado Springs CONeighborhoodTraditional 0FacebookTwitterGoogle +PinterestLinkedin Hamza Abdul-SamadHamza is a long-time writer at Mashvisor. With a focus on real estate investing tips, concepts, and top investing locations, he aims to help all aspiring investors who come across his blogs to hit the bank with their investment property. 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