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About Fountain, Colorado Real Estate Market

About Fountain, Colorado Real Estate: Fountain, Colorado is located South of Colorado Springs.
Three towns, once smaller independent towns, have now grown to the point one would think it to be a growing small city.

Military families who prefer to live off Post/Base find Fountain to be an ideal area with easy access to the Fort Carson Army Mountain Post (~7 mins West), Peterson Air Force Base (~10 mins North), and Schriever Air Force Base (~15 mins Northeast).

About Fountain, Colorado Real Estate Market:

  • Interest rates are still low (around 3-4%)
  • Unemployment is down (slightly)
  • Low Risk: Pending Sequestration (opens in new window)
  • Medium Risk: FSW’s employment, like Colorado Springs, is HEAVILY dependent upon DoD/Military
  • High Risk: As of Feb 2015, Fort Carson could lose 16,000 troops (2/3) by 2019 (opens in new window)
  • **Median home prices $170,000
  • **Median home selling prices, slightly higher
  • **Trending models predict overall market to be flat/drop

**Caveat: Sequestration and loss of 16,000 could be devastating to home prices

About Fountain, Colorado Real Estate, El Paso County, 2011: Population 26,000.  72% growth since 2000

  • Females: 13,000 (49%)
  • Males: 12,000 (51%)
  • Median Resident Age: 29
  • Colorado Median Age: 41

Fountain estimated median income in 2009: $53,000 ($42,000 in 2000).
Fountain estimated per capita income in 2009: $20,000
Fountain estimated median house/condo in 2009: $179,000 ($114,000 in 2000).
Fountain median gross rent in 2009: $950
Fountain Real Estate (mean) prices in 2009: All Housing $180,000, Detached Houses $188,000, and Townhouses/Other Attached $150,000
NOTE: Almost a third of the homes in this area are upside down and almost 5% are behind in mortgage payments.

More details can be found for:

Military Housing Information:
Just north, many military bases/posts are hosted in Colorado Springs, which brings many soldiers, officers and their families to this area.  For their convenience the following are links to the local base/post websites and their housing office.

Fort Carson Army Post – The Mountain Post:
At present, over 18 units are assigned: 440th CABN, 4th Eng. BN, 4th ID, 43rd BDE, 1-25 ATK, 10th CSH, 13th ASOS, 52nd Eng. BN, 71st Ord., 423 Trans CO, 759th MP BN, AFSBn, DENTAC, USAG, MEDDAC, MSE, VETCOM, WCAP, and WLC.
Fort Carson Housing

Peterson Air Force Base:
Home of the 21st Space Wing, which is comprised of multiple Squadrons and Groups: 21st Operations Group, 21st Mission Support Group, 721st Mission Support Group, 21st Medical Group, 821st Air Base Group, 21st SW Wing Staff Agencies, and North American Aerospace Defense Command (NORAD – See below).
Peterson Air Force Base Housing

Cheyenne Mountain Air Force Station:
Central collection and coordination center for a worldwide system of satellites, radars, and sensors providing early warning of any air, missile, or space threat to North America.

NORAD – North American Aerospace Defense Command:
Bi-national (United States and Canada) organization charged with the mission of aerospace warning, aerospace control, and maritime warning in the defense of North America.

US NORTHCOM – North American Command:
Plans, organizes, and executes homeland defense and civil support missions.

Schriever Air Force Base:
Home of the 50th Space Wing, Space Warfare Center, and the Ballistic Missile Defense Agency.
Schriever Air Force Base Housing

United States Air Force Academy:
The Air Force Academy Mission is to educate, train and inspire men and women to become officers of character, motivated to lead the United States Air Force in service to our nation.
Air Force Academy Housing

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