Out-of-state investors are eying Colorado Springs’ rapidly improving apartment market. The average rent in Colorado Springs hit a record high during the third quarter of this year as vacancy rates dropped to their second-lowest in a decade, according to a report from the Colorado Division of Housing. The Colorado Springs market was depressed longer and [...] [...]
Apartment vacancy rates in the Colorado Springs area fell to 6.9 percent during the first quarter of 2010, the lowest vacancy rate reported since 2001. The city’s overall vacancies were down from first and fourth quarters 2009, according to a report released today by the Apartment Association of Southern Colorado and the Colorado Department of Local [...] [...]
The Colorado Department of Local Affairs’ Division of Housing reported this week that there are twice as many low-income households as there are affordable rental units in Colorado. Housing units are deemed affordable if the household pays 30 percent or less of monthly income to rent. DOH analysts also found there are 49 rental units [...] [...]