When it comes to Colorado Springs real estate, young residents are interested in buying, renting and owning property in the area in record numbers. Specifically, residents who fit into the category of “Millennial’s” are choosing the city and taking up permanent residence here more so than they have before, and more than they are in any other city in the country.
In fact, Trulia, one of the largest real estate availability websites, has named Colorado Springs as No. 1 on its list of the 10 Surprisingly Hot Markets for Millennial’s, and the city currently claims the win for the fastest-growing millennial population.The term is used to describe members of the generation who were born in the 1980’s and 90’s. The number of residents in Colorado Springs who are between the ages of 20 and 34 has grown by 3.2 percent from 2012 to 2013, according to the Colorado Springs Independent.
What exactly is a Millennial?
“From 2012 to 2013, population growth for Millennial’s (20-34 year-olds) was highest outside big cities,” says a separate Trulia report. “The fastest growth was in the second quartile of counties ranked by density (big-city suburbs and lower-density cities). Furthermore, the third quartile (lower-density suburbs and smaller cities) edged out the top quartile (big, dense cities) for millennial population growth.”
The Attraction of Colorado Springs
With an influx of young residents comes the need for more homes for sale and homes for rent in Colorado Springs, and real estate agents, property management companies and property owners are happily rising to the task. With dramatic mountain backdrops, pristine views, five military bases, Fort Carson, the U.S. Air Force Academy, Schreiver Air Force Base, Peterson Air Force Base, Cheyenne Mountain Air Force and plenty of fresh air, trails, parks, and recreational opportunities, it’s no wonder that so many people of all ages come to settle down in the city and its surrounding areas.
Colorado Springs is the largest city in El Paso County and lies just at the base of Pike’s Peak and the Rocky Mountains. The unique climate of the city attracts many tourists and retirees, as well as young folks! It’s a beautifully scenic area, mixing old country Colorado with an upscale ambiance and enough entertainment and recreation for even the most discerning adventurer.
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