Neighborhood Guide

Wedgewood

Colorado Springs, CO 80920

Data Verified: Jul 5, 2026

About this Area

Wedgewood, nestled in the northeastern quadrant of Colorado Springs, exudes a harmonious blend of suburban tranquility and modern sophistication, making it a coveted destination for discerning homeowners. Established in the late 1990s, this master-planned community was designed with intentionality, offering wide, tree-lined streets that invite leisurely strolls and family bike rides. The neighborhood’s name reflects its unique wedge-shaped layout, bordered by Powers Boulevard and Woodmen Road, which provides easy access to major thoroughfares while maintaining a serene, residential atmosphere. Over the years, Wedgewood has evolved into a tight-knit community where neighbors gather at local events like summer block parties and holiday light contests, fostering a sense of belonging and camaraderie. The area’s architectural diversity, from stately two-story homes to sprawling ranch-style residences, reflects its growth while preserving a cohesive aesthetic that appeals to a wide range of buyers, from young families to retirees seeking a peaceful retreat.

Wedgewood’s real estate market is a dynamic reflection of Colorado Springs’ booming housing demand, with a median home value of $484,900 that positions it as an accessible yet desirable investment for buyers. The neighborhood features a mix of architectural styles, including contemporary Craftsman homes with open floor plans, traditional brick facades, and modern farmhouses with expansive covered porches. Lot sizes typically range from 0.2 to 0.5 acres, offering ample space for customization or outdoor living, while larger estates on the periphery cater to those seeking privacy and acreage. Recent years have seen a surge in demand for homes with energy-efficient features, such as solar panels and smart home technology, as buyers prioritize sustainability and long-term cost savings. With a low inventory turnover rate, properties in Wedgewood often sell within days of listing, underscoring the neighborhood’s strong appeal and competitive market conditions.

Residents of Wedgewood enjoy unparalleled access to a wealth of amenities designed to enhance quality of life, starting with the neighborhood’s crown jewel: Wedgewood Park. This expansive green space features playgrounds, walking trails, picnic pavilions, and sports fields, providing a perfect setting for family gatherings and outdoor recreation. For education, the neighborhood is served by the highly rated Academy School District 20, with nearby elementary, middle, and high schools like Woodmen Hills Elementary and Pine Creek High School earning top marks for academic performance and extracurricular offerings. Shopping and dining options are abundant at the nearby Powers Boulevard corridor, where big-box retailers, grocery stores like King Soopers, and local eateries such as The Habit Burger Grill cater to everyday needs. Additionally, the community is just a short drive from the bustling St. Francis Medical Center and the scenic Black Forest, offering both convenience and natural beauty.

Wedgewood stands out as a premier choice for homebuyers seeking a balance of affordability, quality of life, and long-term value, with a median household income of $111,233 supporting a stable and thriving community. The neighborhood’s strategic location ensures a commute of 20-25 minutes to downtown Colorado Springs, making it ideal for professionals working in healthcare, tech, or military sectors, while its proximity to major highways like I-25 and Highway 24 provides seamless access to the broader Front Range. Families are drawn to the top-rated schools, safe streets, and abundant parks, while retirees appreciate the low-maintenance lifestyle and vibrant social scene. With its strong economic foundation, low crime rates, and consistent appreciation in home values, Wedgewood offers not just a place to live, but a lifestyle worth investing in for generations to come.

Homendo Valuation Index
Quality of Life 92
Environment 83
Education 87
Safety 93
Demographics
Population
38,154
Density
3,200
Median Age
36.5
Income
$111,233
StatisticZipCityCountyStateUSA
Population 38,154 483,099736,0085,810,774332,387,540
Median Age 36.5 35.635.037.538.7
People per Household 2.66 2.392.522.452.54
Median Household Income $111,233 $83,198$87,470$92,470$78,538
Avg Income per Capita $49,221 $44,893$44,250$50,489$43,289
Real Estate Market
Median Value
$484,900
Median Rent
$1,796
Available
203
MetricZipCityCountyStateUSA
Median Sale Price$484,900$420,700$431,000$502,200$303,400
Median Age of Home3239373845
Homes Owned66.0%58.7%63.3%60.6%58.2%
Homes Rented32.0%37.0%32.1%30.8%31.3%
Homes Vacant2.0%4.4%4.6%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index123.9123.9123.9123.9100.0
Commute Time (min)22.222.823.525.526.6
Work from Home19.9%16.1%15.4%18.8%13.5%
Climate
Jan Low
16.8°
July High
84.5°
Rain
16.1"
MetricZipCityCountyStateUSA
Jan Avg Low (°F)16.816.816.816.816.8
July Avg High (°F)84.584.584.584.584.5
Annual Precip (in)16.116.116.116.116.1
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 Wedgewood

Wedgewood is an affluent community with above-average earning potential located in Colorado Springs. The neighborhood is offering a healthy balance of homeownership and rental opportunities..

Demographically, the area attracts a diverse age group (Median Age: 36.5), creating a unique community atmosphere. With a median household income of $111,233, 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 Wedgewood is currently active. The median home value stands at $484,900, reflecting the desirability of the Colorado Springs area. For investors or those looking to lease, the median rent is approximately $1,796.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 2.0%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Wedgewood holds a Homendo Safety Score of 93 and an Environmental Quality Score of 83. 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 Wedgewood is rated at 87 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
Powered By
WalkScore™
Walk
Car-Dependent
33
Transit
No Nearby Transit
0
Bike
Somewhat Bikeable
25
School Ratings

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