Neighborhood Guide

Forest Lakes

Monument, CO 80132

Data Verified: Jul 4, 2026

About this Area

Forest Lakes in Monument, Colorado, is a picturesque neighborhood that exudes a serene, nature-infused lifestyle, perfect for families and outdoor enthusiasts. Established in the late 1990s, this community was designed to harmonize with the surrounding Pikes Peak foothills, offering residents a tranquil escape from urban hustle while maintaining close proximity to Colorado Springs. The neighborhood's name reflects its lush landscape, featuring a stunning 12-acre lake at its heart, which serves as a focal point for recreation and community gatherings. Residents enjoy a strong sense of camaraderie, fostered by active homeowners' associations and frequent neighborhood events like summer concerts and holiday festivals. The area's history is deeply rooted in its commitment to preserving open spaces, ensuring that wildlife and natural beauty remain integral to daily life.

Forest Lakes boasts a diverse and well-maintained real estate market, with homes that blend modern elegance with rustic charm, reflecting the neighborhood's commitment to architectural harmony. The median home value in Forest Lakes is approximately $700,900, with properties ranging from cozy single-family homes to expansive custom-built residences, many featuring stunning views of Pikes Peak or the lake. Lot sizes typically span from 0.25 to 1.5 acres, offering ample space for gardens, outdoor living areas, and privacy. Architectural styles include contemporary, craftsman, and log home designs, often incorporating natural materials like stone and wood to complement the surrounding landscape. The market here is competitive yet stable, attracting buyers who prioritize quality, location, and long-term investment potential.

Residents of Forest Lakes enjoy unparalleled access to outdoor recreation, with the neighborhood's namesake lake providing opportunities for kayaking, fishing, and scenic walks along its 1.5-mile perimeter trail. The nearby Palmer Lake Trail System offers additional hiking and biking routes, while Monument Lake State Park, just a short drive away, features boating, camping, and picnicking areas. For families, the neighborhood is served by highly rated Lewis-Palmer School District 38, with nearby elementary, middle, and high schools recognized for academic excellence and extracurricular programs. Shopping and dining options are conveniently located in Monument's historic downtown, just a 5-minute drive from Forest Lakes, offering boutique stores, local eateries, and essential services like grocery stores and pharmacies.

Forest Lakes stands out as a premier destination for buyers seeking a balanced lifestyle in Monument, CO, where natural beauty and community spirit converge. The neighborhood's median household income of $155,176 reflects its appeal to professionals and families who value stability, safety, and quality education for their children. Commute times are reasonable, with easy access to Interstate 25 and Highway 105, allowing residents to reach Colorado Springs in under 20 minutes and Denver in approximately 1 hour. The economic stability of the area, combined with its low crime rates and strong property values, makes Forest Lakes a sound investment for long-term growth. Whether you're drawn to the outdoor lifestyle, the tight-knit community, or the convenience of nearby amenities, Forest Lakes offers a rare opportunity to live in one of Monument's most coveted neighborhoods.

Homendo Valuation Index
Quality of Life 92
Environment 82
Education 90
Safety 85
Demographics
Population
29,379
Density
2,800
Median Age
42.5
Income
$155,176
StatisticZipCityCountyStateUSA
Population 29,379 11,035736,0085,810,774332,387,540
Median Age 42.5 38.035.037.538.7
People per Household 2.90 2.792.522.452.54
Median Household Income $155,176 $114,654$87,470$92,470$78,538
Avg Income per Capita $61,485 $49,575$44,250$50,489$43,289
Real Estate Market
Median Value
$700,900
Median Rent
$1,911
Available
460
MetricZipCityCountyStateUSA
Median Sale Price$700,900$586,400$431,000$502,200$303,400
Median Age of Home2519373845
Homes Owned85.2%76.0%63.3%60.6%58.2%
Homes Rented11.9%20.8%32.1%30.8%31.3%
Homes Vacant3.0%3.2%4.6%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index152.4152.4152.4152.4100.0
Commute Time (min)28.930.523.525.526.6
Work from Home25.1%23.2%15.4%18.8%13.5%
Climate
Jan Low
9.0°
July High
80.6°
Rain
19.2"
MetricZipCityCountyStateUSA
Jan Avg Low (°F)9.09.09.09.09.0
July Avg High (°F)80.680.680.680.680.6
Annual Precip (in)19.219.219.219.219.2
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 Forest Lakes

Forest Lakes is an affluent community with above-average earning potential located in Monument. The neighborhood is characterized by a very high stability rate, with 85.2% of residents owning their homes. This typically indicates a long-term, established neighborhood structure..

Demographically, the area attracts a diverse age group (Median Age: 42.5), creating a unique community atmosphere. With a median household income of $155,176, 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 Forest Lakes is currently active. The median home value stands at $700,900, reflecting the desirability of the Monument area. For investors or those looking to lease, the median rent is approximately $1,911.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 3.0%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Forest Lakes holds a Homendo Safety Score of 85 and an Environmental Quality Score of 82. 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 Monument 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 Forest Lakes is rated at 90 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
16
Bike
Somewhat Bikeable
22
School Ratings

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