What’s Really Happening in Colorado Springs?
If you’re considering a move to Colorado Springs, it’s easy to see why the area is so appealing. Stunning natural beauty, abundant outdoor recreation opportunities, and a growing job market make it an attractive destination. However, understanding what is happening in Colorado Springs is crucial before making your move. The city’s rapid growth over the past few decades has brought significant strains on infrastructure, resources, and affordability. Let’s dive into the key issues that could impact your decision to call Colorado Springs home.
A Growing City with Growing Pains
Colorado Springs has experienced explosive population growth over the past two decades. What was once a more modestly sized city has expanded significantly, particularly along the Powers Corridor on the east side of town. This growth has brought new opportunities, but it’s also exposed critical weaknesses in the city’s infrastructure. The expansion has created a resource demand that the current systems simply weren’t built to handle. Whether it’s water, electricity, or roads, the strain is evident, and the city is struggling to keep up.
On a state level, Colorado is grappling with a $921 million budget shortfall. While there are ambitious plans, such as a light rail system connecting Colorado Springs to Denver, funding these initiatives remains a major challenge. Instead of improving existing infrastructure, resources are often stretched thin to accommodate new developments. This leaves many residents asking where the money will come from.
Housing Costs: Rising Quickly
If you’re planning to buy a home in Colorado Springs, brace yourself for sticker shock. The median home price is already high, and experts predict it could climb to $1 million within the next decade. While property taxes in Colorado are relatively low compared to other states, the growing cost of homes and taxes tied to development will make living in Colorado Springs increasingly expensive. For potential homeowners, this means careful budgeting is essential. Just because you qualify for a $700,000 or $800,000 mortgage doesn’t mean it’s wise to max out your budget.
Builders, often pressured to meet “green” building requirements, typically pass those costs on to buyers. This adds another layer of expense to already high housing prices. Affordability is becoming a growing concern for many families, and those considering a move should factor in the rising costs.
Water Woes in a Semi-Arid Climate
One of the most pressing issues for Colorado Springs is water—or the lack of it. Located in a semi-arid climate, the area receives minimal rainfall. As the population grows, so does the demand for water, and current resources are already stretched thin. Colorado Springs relies on agreements with other western states to secure water, but these arrangements are becoming increasingly unsustainable. The city’s utility costs are expected to rise as alternative water sources are developed.
Interestingly, the Colorado Springs Utilities Board, responsible for managing these challenges, is made up of members of the city council. This overlap can complicate decision-making, especially when it comes to addressing long-term water sustainability.
Infrastructure Challenges
Despite the booming population and vibrant economy, Colorado Springs’ infrastructure hasn’t kept pace. Roads, utilities, and public services are feeling the strain of decades of underfunding. Developers often escape paying the full cost of necessary infrastructure improvements, leaving the city to foot the bill. This means higher taxes for residents and fewer resources for essential services.
Adding to these challenges is the push for environmentally friendly policies. While reducing greenhouse gas emissions is a worthy goal, the associated costs often trickle down to taxpayers. Balancing environmental initiatives with the city’s financial realities will be a significant hurdle in the years to come.
Economic Opportunities vs. Challenges
Despite its challenges, Colorado Springs remains a hub for high-paying, highly skilled jobs. With major employers like Fort Carson, Lockheed Martin, and Space Force, the city offers plenty of opportunities for career growth. However, there are concerns about how well these economic benefits are being distributed across the community. For instance, while the University of Colorado Colorado Springs (UCCS) is a key contributor to the local economy, higher education funding often takes a backseat to K-12 initiatives.
Colorado’s decision to legalize marijuana was expected to generate significant revenue for the state. However, many residents are questioning why those funds haven’t made a noticeable impact on infrastructure or education. The $921 million budget shortfall suggests a disconnect between expectations and reality.
What You Need to Know Before Moving
For those considering a move to Colorado Springs, it’s essential to go in with eyes wide open. The city has much to offer, but the cost of living is rising, and the challenges related to infrastructure, water, and housing affordability are very real. Here are a few tips to ensure your move is a success:
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Budget Wisely: Don’t overextend yourself when buying a home. While it may be tempting to stretch your budget for a dream home, consider the long-term financial implications, including rising property taxes and maintenance costs. Setting a realistic budget ensures you can handle unexpected expenses and still enjoy the lifestyle that brought you to Colorado Springs. Factor in the potential for rising taxes and utility costs.
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Understand the Climate: Colorado Springs is dry. Be prepared for minimal rainfall, and make hydration and skincare part of your routine. Invest in a good humidifier for your home, especially during the winter months when the air is even drier. You may also need to adjust your gardening plans, as water restrictions can limit the types of plants that thrive in the area. Being proactive about these challenges will help you adapt comfortably to the climate.
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Expect Rising Costs: Utilities, housing, and other living expenses are likely to increase as the city grapples with its growing pains. As demand for resources continues to rise, residents should anticipate higher utility bills and property taxes. Additionally, costs for goods and services may also increase as businesses adjust to the higher cost of operations in the area. Planning for these expenses now can help ensure financial stability in the long term.
- Research Neighborhoods: Each area of Colorado Springs offers unique benefits and challenges. Work with a knowledgeable real estate agent to find a location that fits your lifestyle and budget.
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Be Community-Minded: Moving to Colorado Springs means becoming part of a growing, vibrant community. Get involved and be prepared to contribute to its future. Whether it’s volunteering at local events, supporting small businesses, or participating in neighborhood associations, your efforts can make a real difference. Engaging with your community helps foster connections and ensures Colorado Springs remains a welcoming and thriving place for everyone.
The Bottom Line
Colorado Springs is a fantastic place to live, but like any city, it comes with its own set of challenges. By understanding these issues and planning accordingly, you can enjoy everything this beautiful city has to offer while setting yourself up for long-term success. If you’re ready to make the leap, reach out to a trusted real estate professional who can guide you through the process and help you navigate the complexities of moving to this dynamic and rapidly changing city.
About The Author
The team at My Front Range Living are a group of full time real estate experts serving Colorado Springs, El Paso County and the surrounding areas. Their knowledge of the local community and experience in the industry provide you incomparable value when buying or selling a home. With several years of experience in helping out of state buyers and sellers, they are the go-to team when it comes to relocating and helping Colorado feel like home.
Even if you’re looking for an agent in another city or state, the My Front Range Living team has a network of experts that can connect you with the right professional.

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