Colorado Springs has the fourth most affordable housing market in the state, according to a new report from Coldwell Banker Real Estate.
With an average home listing price of $222,936 for a four-bedroom, two-bathroom house, Colorado Springs ranked just above Montrose, Alamosa and Pueblo for affordability, according to the report. The average price for that size of home in the state is $357,556, 18 percent higher than the national average of $293,251. The average four-bedroom, two-bathroom home in Colorado Springs is 23 percent below the national average and 37 percent below the state average.
The most expensive markets in the state were Evergreen, Boulder, Durango, Broomfield and Golden. The Coldwell Banker report did not include home prices in notoriously expensive areas such as Vail and Aspen.
“The report is a snapshot look at current inventory levels for this sample size home (4 bed / 2 bath),” Coldwell Banker spokeswoman Heather Roberts wrote in an e-mail.” In addition to that detail – we also placed a benchmark of needing to have at least 10 listings on coldwellbanker.com during this timeframe to be included in the report. Any market in the country who met this criteria was included.”
Evergreen, just west of Denver, ranked as the 22nd most expensive real estate market in the country with an average home price of $922,183 for a four-bedroom, two-bathroom house and Boulder ranked 29th at $860,671, according to the report.
Nationally, Newport Beach, Calif. Was the most expensive market with an average listing price for a four-bedroom, two-bath house at $2,537,126. Niagara Falls, N.Y. was the most affordable market at $61,000.