Neighborhood Guide

Prospect Park

Colorado Springs, CO 80910

Data Verified: Jul 5, 2026

About this Area

Prospect Park is a vibrant and family-friendly neighborhood in Colorado Springs, Colorado, known for its welcoming atmosphere, diverse housing options, and strong sense of community. Established in the mid-20th century, this neighborhood was designed to offer residents a perfect blend of suburban tranquility and urban convenience. Prospect Park is characterized by its well-maintained streets, lush green spaces, and a mix of architectural styles that range from mid-century ranch homes to modern townhouses and contemporary residences. The neighborhood's name reflects its proximity to Prospect Lake, a scenic body of water that serves as a focal point for recreation and relaxation. The community vibe in Prospect Park is one of inclusivity and friendliness, with residents who value family, outdoor activities, and a close-knit neighborhood feel. This neighborhood is perfect for families, young professionals, and retirees looking for a balanced and fulfilling lifestyle.

Prospect Park offers a diverse and affordable real estate market, with a median home value of $276,900, making it an attractive option for first-time homebuyers and growing families. The architectural styles in this neighborhood are varied, featuring everything from classic ranch-style homes and split-level houses to modern townhouses and newly constructed residences. Lot sizes typically range from 0.1 to 0.3 acres, providing ample space for outdoor living, gardening, and family activities. The real estate market in Prospect Park is active and competitive, with homes often selling quickly due to their desirable location and community appeal. Buyers can find everything from cozy starter homes to spacious family residences, ensuring there is something for every lifestyle and budget.

Residents of Prospect Park enjoy access to a wide range of amenities that enhance their quality of life. The neighborhood is home to Prospect Lake Park, a beautiful recreational area that offers walking trails, picnic areas, and opportunities for fishing and boating. Local shopping and dining options are abundant, with nearby stores like the Chapel Hills Mall and restaurants such as The Cheesecake Factory providing convenience and entertainment. For education, families have access to top-rated schools like the Academy School District 20, including the highly regarded Discovery Canyon Campus. Additionally, the neighborhood's proximity to downtown Colorado Springs and major employment hubs means residents enjoy short commute times and easy access to medical facilities, cultural attractions, and recreational opportunities.

Prospect Park is a highly desirable neighborhood in Colorado Springs, attracting buyers who value affordability, family-friendly amenities, and a strong sense of community. With a median income of $56,681, residents enjoy a stable economic environment and a high quality of life. The neighborhood's central location provides easy commutes to downtown Colorado Springs, Peterson Air Force Base, and other major employment centers, making it ideal for professionals, military families, and retirees. The combination of affordable housing, excellent schools, and abundant recreational opportunities ensures that Prospect Park remains a top choice for families and individuals looking to put down roots in a vibrant and welcoming community.

Homendo Valuation Index
Quality of Life 95
Environment 90
Education 83
Safety 80
Demographics
Population
31,840
Density
3,800
Median Age
31.5
Income
$56,681
StatisticZipCityCountyStateUSA
Population 31,840 483,099736,0085,810,774332,387,540
Median Age 31.5 35.635.037.538.7
People per Household 2.35 2.392.522.452.54
Median Household Income $56,681 $83,198$87,470$92,470$78,538
Avg Income per Capita $29,921 $44,893$44,250$50,489$43,289
Real Estate Market
Median Value
$276,900
Median Rent
$1,132
Available
241
MetricZipCityCountyStateUSA
Median Sale Price$276,900$420,700$431,000$502,200$303,400
Median Age of Home4939373845
Homes Owned44.6%58.7%63.3%60.6%58.2%
Homes Rented50.8%37.0%32.1%30.8%31.3%
Homes Vacant4.5%4.4%4.6%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index96.596.596.596.5100.0
Commute Time (min)21.022.823.525.526.6
Work from Home9.4%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 Prospect Park

Prospect Park 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: 31.5), creating a unique community atmosphere. With a median household income of $56,681, 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 Prospect Park is currently active. The median home value stands at $276,900, reflecting the desirability of the Colorado Springs area. For investors or those looking to lease, the median rent is approximately $1,132.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 4.5%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Prospect Park holds a Homendo Safety Score of 80 and an Environmental Quality Score of 90. 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 Prospect Park is rated at 83 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
Somewhat Walkable
55
Transit
Some Transit
35
Bike
Somewhat Bikeable
32
School Ratings

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