Welcome to the Apartment List July 2024 Rent Report for Colorado Springs, CO. Currently, the overall median rent in the city stands at $1,446, roughly the same as last month. Prices remain down 3.4% year-over-year.
COLORADO SPRINGS, Colo. (KRDO) - According to data published during the fourth quarter of 2023 sponsored by the Colorado Housing and Finance Authority, the apartment vacancy rate for Colorado Springs sits at an average of 7.5%.
The Common Sense Institute (CSI) today released a study on housing affordability in Colorado Springs. It found that increased demand and lagging development have created a significant housing shortage and a major decline in affordability. According to the report, the city has a shortage of up to 27,360 housing units.
The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Colorado Springs is $1,527, while home prices circle around $528,019.
The landlord must give written notice to the tenant by personally serving or posting in a conspicuous place the notice called "Demand for Compliance or Possession." This notice gives the tenant a choice of paying in three days the full amount of the rent that is due or giving up possession of the unit within three days ...
A new report indicates that Colorado Springs' apartment vacancy rate reached 7.5% in late 2023, up from 7.2% in the third quarter, and significantly higher than the 6.5% rate in the fourth quarter of 2022.
The investor can also calculate the vacancy rate by dividing the total number of vacant days by the total number of rentable days: 41 days vacant / 1,095 rentable days (365 days x 3 units) = 3.7%
Like last year, homebuyers in 2024 could continue to find a tight supply of properties for sale, while high prices of the past several years aren't expected to come down anytime soon. Apartment dwellers, however, already have seen rents start to fall because of a bulging supply that will continue to swell this year.
(NerdWallet) – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn't expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024.
Some renters are people choosing to move to the Pikes Peak Region to work remotely. Others find it more affordable to live here and commute to Denver. And, there is a trend of young adults who want the Colorado Springs combination of metro meets mountains.
Address: 359 Kelvin Stream, Lake Eldonview, MT 33517-1242
Phone: +577037762465
Job: Product Hospitality Supervisor
Hobby: Gardening, Web surfing, Video gaming, Amateur radio, Flag Football, Reading, Table tennis
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