Colorado Springs Rental Increase Fastest In The Nation

Dated: 04/29/2016

Views: 457

The real estate boom in metro Denver the last few years has officially hit Colorado Springs.  Not surprisingly, those impacted first are often renters.  March saw over an 11% increase in rental rates - making Colorado Springs number 1 in the country for fastest growing rents.  Now, nobody is going to suggest that actual rental rates are approaching those in Denver (median 1 bedroom price in Denver is $1350 and in Colorado Springs it is $790), but the increase in rents along with seasonally adjusted inventory levels at a 20 year low are reminiscent of Denver 3 years ago.  More information can be found in the Denver Post article.

Are you a Colorado Springs renter?  Now is an excellent time to buy with overall prices lower than anywhere else on the Front Range from Colorado Springs to Fort Collins.  Don't get stuck with out of control rent costs.  Perhaps an investor looking to purchase rental properties that have become too expensive in metro Denver?  It is easier to find higher CAP rates and GRM's in Colorado Springs than metro Denver.  Give me a call to discuss your investment strategies!

 Denver Colorado area real estate -- Darrick Kizlyk -- Realtor at EXIT Realty DenverTech Center and EXIT Realty Pikes Peak.  Darrick Kizlyk is your relocation expert using his training in education, geography, and real estate for DenverColorado Springs, and the southern bedroom communities of ParkerCastle RockLarkspur, and Monument.   Call me for all your sales needs or let me get you into the house of your dreams!  Darrick Kizlyk 719-360-3935

You can also text Kizlyk to 85377 to get my mobile business card direct to your phone.

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Darrick Kizlyk

With 12 years in public education as a teacher and 3 years as a Realtor, I bring that background to help educate home buyers and sellers along the Front Range from Denver to Colorado Springs and up th....

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