Colorado Springs is a city in the state of Colorado. It is the county seat of El Paso County. With a population of 478,963, Colorado Springs is the largest city in El Paso County. It is also the second-most populated city in the state of Colorado and the 40th in the United States. It has a thriving local economy and a steadily increasing population, making it ideal to invest in real estate in Colorado Springs, Colorado.
The History of Colorado Springs
Colorado Springs was part of the American frontier before it developed into what it is today. The city was founded in 1859 during the Pike’s Peak Gold Rush. General William Jackson Palmer founded the town of Colorado Springs when he turned it into a resort stopover. The presence of railroads contributed to the city’s steady development as they brought visitors and tourists to the city from other parts of the country.
Colorado Springs was known as a town with seven railroad junctions, with the busiest one being the Denver and Rio Grande railroad junction. The nearby neighborhoods of Spence Penrose, Winfield Scott Stratton, and Palmer provided land and necessary funding for buildings, parks, and various organizations. Colorado Springs was also home to famous and successful artists, mine owners, and authors.
The mountain setting and climate made Colorado Springs is a popular health and tourist resort. In the early 1900s, most of the large homes in the city became boarding houses or were made into apartment houses. The same also happened in the 1930s during the Great Depression, when there was a significant shortage of houses. Some homes were also turned into office space as more people invested in real estate for sale in Colorado Springs, Colorado.
Colorado Springs Geographic Description
Colorado Springs is in a semi-arid climate region where there is low rainfall. It is bordered by the Rocky Mountains to the west, high desert lands to the south, high plains to the east, and the Palmer Divide to the north. It is located near several established cities and towns, including Denver, which is 69 miles away. Colorado Springs has the largest municipal area in the state of Colorado. According to the 2020 U.S. Census, the city covered a total area of 507.019 km² (125,287 acres). Out of this size, 0.938 km² is water while the rest is land.
Demographics & Industry in Colorado Springs
At the 2020 Census, Colorado Springs had a population of 478,961. This makes it the 40th most populated city in the United States. The Colorado Springs Metropolitan area had a population of 755,105, which is the 79th most populated metro area in the country. The Front Range Urban Corridor, of which Colorado Springs is part of, had a population of 5,055,345.
At the 2010 U.S Census, Colorado Springs had a diverse racial makeup. 78.6% of the city’s population was White, 6.3% African American or Black, 16.2% Latino or Hispanic of any race, 1.3% Native American, and 3.1% Asian. 5.5% of the population was from other races, including Pacific Islanders. 14.7% of the population were Mexican Americans, making it a highly diversified racial profile.
Colorado Springs is one of the most established in terms of industry and technology in the state of Colorado. Its economy is primarily driven by the military, tourism, and high-tech industry. The service sector is also experiencing significant growth thanks to the increasing population. As of October 2015, the city’s unemployment rate was 3.9%, which is a drop from the 5.2% recorded the previous year. Even though there is a huge presence of military activities in the city, a large percentage of its economy is based on manufacturing high-tech electronic equipment.
This has contributed to significant growth in the city’s high tech sector. Some of the established high-tech companies based in Colorado Springs include Verizon Business. This is a world-known telecommunications company that employs over 1800 people in the city. The presence of these companies has increased employment opportunities, a positive note for real estate in Colorado Springs.
Arts & Entertainment in Colorado Springs
Colorado Springs has a lot to offer when it comes to arts and entertainment. It has a cultural vibe that suits people of all ages. Be it a unique collection of popular performance halls and nationally acclaimed art museums; the city has plenty to offer. You will be treated to unique music festivals, touted foods, and one-of-a-kind amusement parks and celebrations. It is fair to say that the city of Colorado Springs is a remarkable art scene with plenty of cultural attractions.
You can head to the city’s downtown and experience the magnificent Fine Arts Center, a state-of-the-art facility that features artwork by famed artists. You can also explore travelling exhibits, and fun programs at the Galleries of Contemporary Art found within walking distance of the city centre. In addition, the city is full of established artist communities that are known for their artistic excellence. If you enjoy musical performances and live experiences, you can tour Loveland, the city’s home to all musical events and gatherings. There is also a park you can have a good time and do nature walks.
Things To Do in Colorado Springs
Colorado Springs is a beautiful city with no shortage of adventure. The city has over 55 area attractions, a vibrant culture filled with arts, and incredible scenery perfect for outdoor adventures. No matter your age or gender, there is something for you in Colorado Springs. In fact, there is a high demand for real estate for sale in Colorado Springs, Colorado, due to the presence of numerous social amenities.
One of the best places to visit in the city is the Garden of the Gods. This is a public park known for its colorful and large rock formations that attract thousands of visitors from across the country. Located on North 30th Street, this public park is a popular spot for mountain and road biking, horseback riding, hiking, and rock climbing. It is listed as a National Natural Landscape and seats on 1,365 acres. Besides, the park features a beautiful mix of red, pink, and vertical white rocks made of limestone and sandstone. Garden of the Gods is the most visited park in the city, with 15 miles of captivating trails and gorgeous scenery.
You can also have a good time at the Cheyenne Mountain Zoo, another top attraction in Colorado Springs. It is the only mountainside zoo in the country with lots of fun activities to do. Sitting on 140 acres of land, this zoo is found at 6,800 elevation feet on Cheyenne Mountain. If you have kids and looking to have a fun time with them, this is the spot to go. It has over 900 animals with 180 rare species, 30 of which are highly endangered. The zoo was founded in 1926 and has been a great area for recreation, education, and animal conservation.
The city is also filled with numerous eateries. While here, you can go on the Delicious Downton Food Tour that is offered by the Rocky Mountain Food Company. This outlet lets you explore some of the best restaurants in the city as well as learn about their history. It is an exciting venture that also helps you exercise because it involves about half a mile of walking.
The Colorado Springs Fine Arts is another excellent place to be. It is a premier entertainment and arts facility based at Colorado College. Opened in July of 2017, this facility hosts a plethora of high-end art galleries, music rooms, studios, and several theatrical performance spaces. While here, you can explore the Southwest artwork, which is displayed at the Taylor Museum. The SaGaJi Theatre, which is a 450-seat facility, hosts dramas, musicals, film screenings, and music events organized by the Fine Arts Center Theatre.
Schools in Colorado Springs
Colorado Springs is home to some of the best schools in the state of Colorado. It has a wide range of higher education facilities, from technical colleges, liberal arts universities, and a national military institution. Students in the city have a wide range of fields to study. There are five universities and colleges in Colorado Springs, all of them certified as centers of excellence by the NSA. The presence of several institutions of higher learning has increased the stakes for real estate for sale in Colorado Springs, Colorado.
The Colorado College is one of the top learning institutions in the country, consistently ranked among the most innovative schools nationwide. The institution has a large enrollment of both local and foreign students and employs up to 850 professionals. The U.S Air Force Academy is also based in the city. It is one of the most complex institutions, with graduates joining the U.S Army. It also has innovations in space, air, and cyberspace.
Colorado Springs is a top location to settle and raise a family. It is a good idea to invest in real estate in Colorado Springs, Colorado, due to a thriving economy and rapidly increasing population. The city has a lot to offer, from good security to exciting amenities. There is also a great room for outdoor adventures as the city is filled with numerous parks and museums. The presence of good schools also makes it for those with school-going children.