About this Area
The Settlement in Elizabeth, Colorado, exudes a modern yet timeless charm, blending contemporary living with a deep respect for the area's rich heritage. Established in the late 20th century, this neighborhood has evolved into a sought-after community known for its well-planned layouts and family-friendly atmosphere. The name 'The Settlement' pays homage to the early pioneers who first established roots in this region, creating a sense of continuity and pride among residents. Today, the neighborhood is characterized by its meticulously maintained homes, lush green spaces, and a strong sense of community, making it an ideal place for families, professionals, and retirees alike. The architectural styles range from traditional ranch-style homes to more modern designs, reflecting the neighborhood's adaptability and growth over the decades.
The real estate market in The Settlement is vibrant and diverse, offering a mix of architectural styles that cater to a wide range of tastes and preferences. Median home values hover around $663,900, reflecting the high quality of construction and the desirability of the location. Lots in this neighborhood typically range from 0.25 to 0.5 acres, providing ample space for customization and outdoor living. Homes here often feature open floor plans, gourmet kitchens, and energy-efficient designs, appealing to both young families and empty nesters. The market is competitive, with homes selling quickly due to the neighborhood's reputation for safety, excellent schools, and proximity to major employment hubs in Denver and Colorado Springs.
Residents of The Settlement enjoy access to a wealth of amenities that enhance their quality of life. The neighborhood is home to several parks and greenbelts, including the expansive Elizabeth Trail System, which offers miles of scenic walking, biking, and jogging paths. For families, the nearby Elizabeth High School and Running Creek Elementary provide top-rated education options, while shopping and dining are conveniently located at the Elizabeth Town Center and the nearby Pikes Peak Marketplace. Additionally, the neighborhood is just a short drive from the Black Forest Regional Park and the vast open spaces of the Colorado National Monument, offering endless opportunities for outdoor recreation and adventure.
Buyers choose to live in The Settlement for its perfect blend of suburban tranquility and urban convenience, making it one of Elizabeth's most desirable neighborhoods. The median household income of $137,886 reflects the economic stability and prosperity of its residents, who enjoy a high quality of life with easy access to major employment centers in Denver and Colorado Springs. Commute times are reasonable, with most residents reaching downtown Denver in under 45 minutes via I-25. The neighborhood's strong community spirit, excellent schools, and abundant amenities make it an ideal place to raise a family or enjoy retirement. With its prime location, top-tier real estate, and vibrant lifestyle, The Settlement stands out as a premier destination for homebuyers seeking the best of both worlds.
Homendo Valuation Index
Demographics
| Statistic | Zip | City | County | State | USA |
|---|---|---|---|---|---|
| Population | 14,976 | 1,694 | 27,152 | 5,810,774 | 332,387,540 |
| Median Age | 41.9 | 32.5 | 44.8 | 37.5 | 38.7 |
| People per Household | 2.91 | 2.89 | 2.81 | 2.45 | 2.54 |
| Median Household Income | $137,886 | $110,227 | $129,477 | $92,470 | $78,538 |
| Avg Income per Capita | $57,392 | $39,508 | $57,481 | $50,489 | $43,289 |
Real Estate Market
| Metric | Zip | City | County | State | USA |
|---|---|---|---|---|---|
| Median Sale Price | $663,900 | $444,000 | $664,600 | $502,200 | $303,400 |
| Median Age of Home | 29 | 31 | 29 | 38 | 45 |
| Homes Owned | 92.4% | 84.6% | 89.5% | 60.6% | 58.2% |
| Homes Rented | 3.1% | 11.1% | 5.3% | 30.8% | 31.3% |
| Homes Vacant | 4.5% | 4.3% | 5.3% | 8.6% | 10.4% |
Quality of Life
| Index | Zip | City | County | State | USA |
|---|---|---|---|---|---|
| Cost of Living Index | 147.5 | 147.5 | 147.5 | 147.5 | 100.0 |
| Commute Time (min) | 43.4 | 40.7 | 41.6 | 25.5 | 26.6 |
| Work from Home | 18.4% | 10.8% | 19.0% | 18.8% | 13.5% |
Climate
| Metric | Zip | City | County | State | USA |
|---|---|---|---|---|---|
| Jan Avg Low (°F) | 20.1 | 20.1 | 20.1 | 20.1 | 20.1 |
| July Avg High (°F) | 85.8 | 85.8 | 85.8 | 85.8 | 85.8 |
| Annual Precip (in) | 19.3 | 19.3 | 19.3 | 19.3 | 19.3 |
Safety & Crime
Violent Crimes (per 100k)
| Type | Zip | City | County | State | USA |
|---|---|---|---|---|---|
| Assault | 350.5 | 350.5 | 350.5 | 350.5 | 350.5 |
| Murder | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 |
| Robbery | 63.0 | 63.0 | 63.0 | 63.0 | 63.0 |
Property Crimes (per 100k)
| Type | Zip | City | County | State | USA |
|---|---|---|---|---|---|
| Burglary | 348.0 | 348.0 | 348.0 | 348.0 | 348.0 |
| Theft | 1754.2 | 1754.2 | 1754.2 | 1754.2 | 1754.2 |
Neighborhood Insights
AI-Ready Analysis for The SettlementDemographically, the area attracts a diverse age group (Median Age: 41.9), creating a unique community atmosphere. With a median household income of $137,886, residents enjoy a quality of life that supports local commerce and community maintenance.
According to Homendo Network, the area's inventory turnover (Vacancy Rate: 4.5%) suggests a competitive market where quality homes tend to sell quickly.
Compared to the broader Elizabeth region, this neighborhood offers a specific balance of security and outdoor accessibility that appeals to safety-conscious buyers.
