Colorado Springs Summer 2026: What's Changing in Our City and What It Means for Your Home

A lot of people ask us what a neighborhood's property values will do over the next few years. And the honest answer is: it depends on what's happening around it. Right now, there is a lot happening around Colorado Springs — the kind of investment that quietly reshapes what a home is worth.

We're not talking about national headlines or interest rate speculation. We're talking about what's actually being built, paved, and planted in and around our city this summer. Here's what we're watching.

Downtown Is Getting a Serious Refresh

If you've driven through downtown lately, you've seen the construction on Tejon Street. New granite crosswalks, planters, and streetscaping are reshaping the main corridor through the heart of the city. It's part of a broader push to make downtown more walkable and inviting — and in real estate terms, improvements to a city's core tend to ripple outward into surrounding neighborhoods.

Meanwhile, new residential developments are adding nearly 500 middle-class and affordable housing units in the downtown area. More people living downtown means more restaurants, shops, and services. It means the neighborhoods within a 10-minute drive of downtown become more desirable. If you own a home in the near-city corridor, this matters to you.

New Trails, New Connections

The city unveiled plans this year to add 14 miles of new trails at Blodgette Open Space and beyond. That might sound like a parks department story, not a real estate story — but in Colorado Springs, trails are infrastructure. Homes near quality trail systems consistently sell faster and hold value better than comparable homes without trail access. Buyers ask about them. Families choose neighborhoods based on them. Every new mile of trail extends the desirability of the neighborhoods it touches.

Infrastructure That Signals Long-Term Growth

Colorado Springs Utilities has begun a major expansion of the wastewater system, a more than $345 million project that's a strong signal the city expects continued growth. You don't make that kind of investment unless you're planning for a bigger city — more homes, more people, more demand. For homeowners, that's a vote of confidence in long-term property values.

On top of that, more than 30 temporary street safety projects are being launched across the city this summer. These are the kinds of improvements that make neighborhoods safer for walking, biking, and connecting — all things that modern buyers care about.

New Construction Is Still Driving Supply

Builders are active across El Paso County. We continue to see strong permit activity, with more than 665 permits issued monthly this spring. The types of homes being built are shifting, though — more townhomes and attached housing, fewer massive single-family lots. That's partly because land and construction costs keep rising, and partly because builders are responding to what buyers can actually afford.

For sellers of existing homes, the rising cost of new construction is actually a positive. When it costs more to build a new home than to buy an existing one, resale homes become more competitive. Your home's biggest competitor — "we'll just build" — becomes less attractive when the price of building keeps going up.

What This Means for You

If you're a homeowner in Colorado Springs, these investments are slowly adding value to your biggest asset — not overnight, not dramatically, but steadily. The city is becoming more livable, more connected, and more desirable. That shows up in home values over time.

If you're a buyer, understanding where the city is investing can help you make smarter decisions. A home near a planned trail extension or a revitalizing commercial corridor today might be worth significantly more in a few years. The best time to buy into those areas is before everyone else figures it out.

One Thing We Always Come Back To

A city that invests in itself is a city worth betting on. Colorado Springs is doing that right now. The investments aren't flashy — they're street improvements, water lines, trail connections, and downtown housing. But those are the things that make a city stronger over the long haul.

We've been here 24 years, and we've watched this city grow from a place people passed through to a place people choose to call home. The direction it's heading is a good one. If you're already here, hold on. If you're thinking about getting here, this summer is a great time to start exploring what's happening.