Neighborhood Guide

Cheyenne Addition

Colorado Springs, CO 80903

Data Verified: Jul 5, 2026

About this Area

Cheyenne Addition is a picturesque, historic neighborhood in Colorado Springs that exudes old-world charm and a strong sense of community, making it one of the city’s most sought-after residential areas. Established in the late 19th century, the neighborhood was originally developed as a suburb for the city’s elite, with grand Victorian, Queen Anne, and Colonial Revival homes that reflected the prosperity of the Gilded Age. Named after the nearby Cheyenne Mountain, the area quickly became a symbol of refinement and elegance, attracting prominent business leaders, politicians, and artists who sought to escape the hustle and bustle of downtown. Today, Cheyenne Addition retains much of its original grandeur, with meticulously preserved historic homes, tree-lined streets, and a timeless aesthetic that transports residents back to a bygone era. The neighborhood’s namesake, Cheyenne Street, is a bustling thoroughfare lined with boutique shops, art galleries, and cafes, where locals gather to socialize and enjoy the vibrant community atmosphere. Annual events like the Cheyenne Addition Home Tour and the neighborhood’s holiday candlelight tour celebrate the area’s rich history and architectural beauty, drawing visitors from across the city.

The real estate market in Cheyenne Addition is defined by its historic elegance and architectural diversity, with median home values around $420,000 reflecting the premium placed on properties in this coveted neighborhood. Architectural styles here are a testament to the area’s rich history, with stunning examples of Victorian, Queen Anne, Tudor, and Craftsman homes, many of which feature original hardwood floors, intricate woodwork, and stained glass windows. Lot sizes are typically larger than in other urban neighborhoods, ranging from 0.25 to 0.5 acres, providing ample space for gardens, patios, and outdoor entertaining areas. The market is highly competitive, with historic homes often selling within days of listing, especially those in pristine condition or with recent renovations. Buyers here prioritize authenticity, craftsmanship, and location, with many willing to invest in restoration projects to preserve the neighborhood’s historic character. Investors also find value in the area’s rental demand, particularly for luxury apartments and guest suites that cater to short-term visitors and professionals seeking a refined urban lifestyle.

Cheyenne Addition is a paradise for those who appreciate a blend of historic charm and modern convenience, offering an array of amenities that cater to every lifestyle. The neighborhood is within walking distance of several parks, including the expansive Cheyenne Mountain State Park, where residents can enjoy hiking, mountain biking, and wildlife viewing, as well as the scenic Prospect Lake, a popular spot for fishing, picnicking, and leisurely strolls. For education, the neighborhood is served by Colorado Springs School District 11 and Academy School District 20, with top-rated schools like Cheyenne Mountain Elementary School and Cheyenne Mountain Junior High providing excellent academic and extracurricular opportunities. Shopping and dining options are abundant along nearby South Nevada Avenue and Cheyenne Boulevard, where residents can find everything from upscale boutiques and art galleries to gourmet restaurants and specialty coffee shops. The neighborhood’s proximity to major highways like I-25 and Highway 24 ensures quick access to downtown Colorado Springs, the Broadmoor Hotel, and the bustling retail hubs of Chapel Hills Mall and The Promenade Shops at Briargate.

Cheyenne Addition is the ultimate neighborhood for buyers seeking a refined, historic lifestyle with easy access to Colorado Springs’ urban amenities and natural beauty. With a median income of $59,292, the area supports a stable job market, with many residents working in healthcare, education, and local businesses, while others commute to nearby military installations or downtown offices. Commute times are reasonable, averaging 15-20 minutes to downtown or Peterson Air Force Base, making it an ideal location for those who want to balance suburban tranquility with career opportunities. The neighborhood’s strong sense of community, excellent schools, and abundance of parks and recreational facilities make it a top choice for buyers looking to put down roots in a welcoming, upscale environment. Whether you’re drawn to the historic charm, the outdoor recreation, or the convenient location, Cheyenne Addition offers a fulfilling and luxurious place to call home.

Homendo Valuation Index
Quality of Life 88
Environment 88
Education 86
Safety 95
Demographics
Population
17,045
Density
3,200
Median Age
34.6
Income
$59,292
StatisticZipCityCountyStateUSA
Population 17,045 483,099736,0085,810,774332,387,540
Median Age 34.6 35.635.037.538.7
People per Household 1.82 2.392.522.452.54
Median Household Income $59,292 $83,198$87,470$92,470$78,538
Avg Income per Capita $41,113 $44,893$44,250$50,489$43,289
Real Estate Market
Median Value
$420,000
Median Rent
$1,083
Available
208
MetricZipCityCountyStateUSA
Median Sale Price$420,000$420,700$431,000$502,200$303,400
Median Age of Home8739373845
Homes Owned37.7%58.7%63.3%60.6%58.2%
Homes Rented53.1%37.0%32.1%30.8%31.3%
Homes Vacant9.2%4.4%4.6%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index115.4115.4115.4115.4100.0
Commute Time (min)20.822.823.525.526.6
Work from Home14.5%16.1%15.4%18.8%13.5%
Climate
Jan Low
19.4°
July High
86.9°
Rain
13.1"
MetricZipCityCountyStateUSA
Jan Avg Low (°F)19.419.419.419.419.4
July Avg High (°F)86.986.986.986.986.9
Annual Precip (in)13.113.113.113.113.1
Safety & Crime
Violent Crimes (per 100k)
TypeZipCityCountyStateUSA
Assault350.5350.5350.5350.5350.5
Murder4.54.54.54.54.5
Robbery63.063.063.063.063.0
Property Crimes (per 100k)
TypeZipCityCountyStateUSA
Burglary348.0348.0348.0348.0348.0
Theft1754.21754.21754.21754.21754.2

Neighborhood Insights

AI-Ready Analysis for Cheyenne Addition

Cheyenne Addition is an accessible entry-point into the CO real estate market located in Colorado Springs. The neighborhood is offering a flexible lifestyle with a dynamic mix of owners and renters, ideal for young professionals or investors..

Demographically, the area is popular among young professionals and growing families (Median Age: 34.6), creating a unique community atmosphere. With a median household income of $59,292, residents enjoy a quality of life that supports local commerce and community maintenance.
Source: Homendo Network Market Data Analysis (2026).

The real estate market in Cheyenne Addition is currently active. The median home value stands at $420,000, reflecting the desirability of the Colorado Springs area. For investors or those looking to lease, the median rent is approximately $1,083.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 9.2%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Cheyenne Addition holds a Homendo Safety Score of 95 and an Environmental Quality Score of 88. These metrics are calculated based on local crime statistics per 100k residents and environmental factors like air quality and park density.

Compared to the broader Colorado Springs region, this neighborhood offers a specific balance of security and outdoor accessibility that appeals to safety-conscious buyers.
Source: Homendo Network Market Data Analysis (2026).

The educational landscape in Cheyenne Addition is rated at 86 on the Homendo Index. Located within the El Paso County jurisdiction, residents have access to a network of public and private institutions. Families often choose this area specifically for access to these educational resources.
Source: Homendo Network Market Data Analysis (2026).
Location
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WalkScore™
Walk
Very Walkable
81
Transit
Good Transit
55
Bike
Very Bikeable
89
School Ratings

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