Rent to own Homes in Cimarron Hills, CO
Cimarron Hills is a smaller town included in the larger Colorado Springs Metro Area. While the city is only home to 16,161 residents as per the 2010 census, there are more than 622,000 people living in the larger El Paso County. The city's rich history and modern infrastructure are two of its draws. The area was home to Pike's Peak gold rush when gold was found in July 1858.
Cimarron Hills, CO is a great place for affordable rent-to-own homes! With a median household income of over $71,342 and a median rent of $1,123, the Cimarron Hills, CO rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Cimarron Hills, CO. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Cimarron Hills, CO is seeing rapid growth and Cimarron Hills, CO's' housing market remains not optimal with an average home price that is 7% above the 2024 national average. Cimarron Hills, CO is part of El Paso county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county El Paso is 0.47% which is below the national average, which is 0.99%.
Median Home Price in Cimarron Hills, CO
Median Rent in Cimarron Hills, CO
Top 6 Reasons to Live in Cimarron Hills, CO
Enjoy the Great Outdoors! In Pike National Forest, you can enjoy an outdoor oasis while hiking, biking or fishing. Inside the forest, there are three wilderness areas, Lost Creek, Mount Evans and Buffalo Peaks.
Visit State Parks and National Landmarks! At the Pikes Peak National Historic Landmark, you can catch a great view from one of the state's 53 mountains that rise above 14,000 feet. Pikes Peak is the tallest mountain at any point east of its location. The Cheyenne Mountain State Park has more than 2,000 acres and highlights the transition from prairie to mountain.
Hike in the Mountains! If you love hiking and mountain scenery, Cimarron Hills is the place for you. The Fountain Creek Nature Center has plenty of trails for horseback riding or dog walking.The Manitou Incline is a local's favorite that is known for its vistas. Since the Incline climbs more than 2,000 feet in less than a mile it's great for those who want a challenging workout.
Rising Home Prices! Cimarron Hills, CO has an attractive housing market. In 2011, the mean price of all homes for sale was $161,221. This is much lower than the rest of the state, which had a mean property value of $234,900. East Colorado Springs and Elsmere are a few of the close neighborhoods with plenty of great housing options. Homeowners can access affordable property taxes, and the average for housing units with a mortgage was $883 in 2012.
Local Cuisine! At Sprouts Farmers Market, you can grab fresh produce, fruits and veggies to cook in the comforts of your own rent to own home. If you're looking for a sports bar, you can head over to Flipper McGill's for a lively atmosphere, abundant brews and standard American fare.
Rent and Save! Not interested in owning a home? Cimarron Hills is the perfect place for you. The average rental rate hovers around $820-$840 a month, which is lower than over half of Colorado. Best of all, you'll always feel safe in your rental no matter what portion of Cimarron Hills you're in. After all, on either side of you you'll have the Air Force Academy and the Peterson Air Force Base.