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Old 07-16-2016, 05:47 PM
 
Location: Texas
3,249 posts, read 1,616,706 times
Reputation: 2882

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I have been looking at apartment classifieds on websites and I have noticed a huge trend.

It seems as though Denver has more apartments in the $900 to $1000 range in core parts of the city then was the case a few months ago. It seemed for awhile that everything was about $1000 now it seems like there are units that are $900 to $1000 a month.

I also noticed rents in Boulder have decreased while they are still very expensive, it seems like there are more units in the $1300-$1400 range.

Colorado Springs on the hand is skyrocketing. Rents for old 1 bedroom apartments in mediocre neighborhoods are going for $800-$1000 a month.

Hard to believe that a decade ago that Colorado Springs had $300 apartments.

I know that Denver has a higher rental vacancy rate then Colorado Springs.

I also see more out of state plates near apartment complexes in Colorado Springs then Denver.
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Old 07-16-2016, 07:46 PM
 
Location: Pueblo - Colorado's Second City
12,174 posts, read 20,961,791 times
Reputation: 4258
The entire front range is taking off. Even down here in Pueblo.
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Old 07-16-2016, 08:13 PM
 
Location: Eastern Colorado
3,768 posts, read 4,620,844 times
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Colorado springs is getting the overflow of people who cannot afford Denver both former Denver residents and people who do not want to pay Denver prices, which seem to have pushed the Springs much closer in rent to Denver then they should be.

As for more vacancies in Denver, while anecdotal I have spoken to a ton of people in Denver lately that are leaving or considering leaving. I have heard reasons ranging from similar positions paying much better in other states, the price of rent, the overall cost of living, the changing culture, there being too many people now, and anything in between. There are still plenty of people moving here, but it seems that the outflow has increased considerably, meaning the rents have come down slightly but not much as the vacancies have turned over more.
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Old 07-17-2016, 11:05 AM
 
Location: Prescott Valley, AZ
2,659 posts, read 2,307,776 times
Reputation: 2657
Once Colorado Springs becomes expensive, Pueblo, La Junta, Colorado City and Walsenburg will be the next cities for overflow.
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Old 07-17-2016, 11:35 AM
 
20,842 posts, read 39,064,756 times
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Quote:
Originally Posted by Hschlick84 View Post
Once Colorado Springs becomes expensive, Pueblo, La Junta, Colorado City and Walsenburg will be the next cities for overflow.
I'll stop calling it the I-25 Corridor and start calling it the Marijuana Greenway.
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Old 07-17-2016, 12:21 PM
 
Location: Pueblo - Colorado's Second City
12,174 posts, read 20,961,791 times
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Quote:
Originally Posted by Hschlick84 View Post
Once Colorado Springs becomes expensive, Pueblo, La Junta, Colorado City and Walsenburg will be the next cities for overflow.
Already happening. I am told that a city should have enough houses for sell for 6 months. Currently Pueblo only has enough for 3 at most. Not to mention lack of manufacturing buildings. Why I'm told a construction boom is starting and you can see it in the economic numbers.
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Old 07-17-2016, 02:15 PM
 
Location: Texas
3,249 posts, read 1,616,706 times
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Quote:
Originally Posted by Josseppie View Post
Already happening. I am told that a city should have enough houses for sell for 6 months. Currently Pueblo only has enough for 3 at most. Not to mention lack of manufacturing buildings. Why I'm told a construction boom is starting and you can see it in the economic numbers.
It seems like the typical older 1 bedroom apartment in Pueblo is $525-$550

It seems like Pueblo bargain is in older, single-family home rents where can rent a small house with a lot for about $700.

That is an increase but Pueblo has been always had a rent to home price ratio compared to other front range cities.
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And just a sidenote of the cost of houses relative to incomes in Colorado Springs vs Pueblo

This article says that Pueblo median home price is $129,000
Per-Capita Pueblo County income: $22,000
In Pueblo, 5.8 years of per-capita income to buy a home

http://finance.yahoo.com/news/best-c...103031519.html

Colorado Springs on the other hand median home price: $262,000
Per-Capita Colorado Springs income: $29,000
In Colorado Springs: 9 years of income to buy a home

Colorado Springs home sales and prices set more records in June | Colorado Springs Gazette, News

Another thing about Colorado Springs is that it has relatively high electric rates compared to other areas of the state and the water rates are extremely high.
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Old 07-17-2016, 02:46 PM
 
Location: Pueblo - Colorado's Second City
12,174 posts, read 20,961,791 times
Reputation: 4258
Quote:
Originally Posted by lovecrowds View Post
It seems like the typical older 1 bedroom apartment in Pueblo is $525-$550

It seems like Pueblo bargain is in older, single-family home rents where can rent a small house with a lot for about $700.

That is an increase but Pueblo has been always had a rent to home price ratio compared to other front range cities.
-----------------------------------------------------------------------------------------------------------------------------------------------

And just a sidenote of the cost of houses relative to incomes in Colorado Springs vs Pueblo

This article says that Pueblo median home price is $129,000
Per-Capita Pueblo County income: $22,000
In Pueblo, 5.8 years of per-capita income to buy a home

http://finance.yahoo.com/news/best-c...103031519.html

Colorado Springs on the other hand median home price: $262,000
Per-Capita Colorado Springs income: $29,000
In Colorado Springs: 9 years of income to buy a home

Colorado Springs home sales and prices set more records in June | Colorado Springs Gazette, News

Another thing about Colorado Springs is that it has relatively high electric rates compared to other areas of the state and the water rates are extremely high.
Interesting stats. Thinks for posting them.
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Old 07-22-2016, 08:48 PM
 
Location: The 719
14,498 posts, read 22,347,982 times
Reputation: 13810
Quote:
Originally Posted by Hschlick84 View Post
...La Junta, Colorado City and Walsenburg will be the next cities for overflow.
Ummm errr... cities? Would you consider towns of under 5000 cities?

And what do you mean by overflow here? 5002 people?

Let's take Corado City for example. I doubt that the combined population of Colorado City, Rye, and San Isabel will ever top 5k by much if at all. Ever!

Walsenburg, a town once over 4k is now a virtual ghost town of 3k.
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Old 05-12-2017, 10:31 AM
Status: "Days like this I think to myself "I hate living in Georgia"." (set 1 day ago)
 
47,620 posts, read 45,275,083 times
Reputation: 15210
Quote:
Originally Posted by Josseppie View Post
Already happening. I am told that a city should have enough houses for sell for 6 months. Currently Pueblo only has enough for 3 at most. Not to mention lack of manufacturing buildings. Why I'm told a construction boom is starting and you can see it in the economic numbers.
Albuquerque, NM might be next as well.
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