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Thinking of moving to Monument, Colorado, or looking to familiarize yourself with the Greater Colorado Springs area?
We will cover information on Monument's current real estate market, taxes, schools, weather, crime, commutes, things to do, and more. Let's Get Into It!
Monument, Colorado is just north of Colorado Springs, and like Colorado Springs, Monument is at the foothills of the Rocky Mountains. The area features more of forested terrain in most developments and offers that classic picture when people imagine the sights of Colorado living.
Though home prices in Monument tend to be a little higher than Colorado Springs, it is not nearly as commercial or built out as Colorado Springs. Making it perfect for those looking for more secluded living, with more oversized lots, rolling hills, incredible views of the Rocky Mountains, and the Air Force Academy.
DISTANCE TO COLORADO SPRINGS: From the center of Colorado Springs to the center of Monument, it is about 23 minutes, and 20.3 miles via the fastest route
MONUMENT COLORADO POPULATION: 8010 (2018)
SIZE: 6.91 square miles
KNOWN FOR: Tri-Lakes Area (Monument Lake, Woodmoor Lake, Palmer Lake) and Monument Hill, the highest point of elevation between Colorado Springs and Denver
AREA CODE: 719
MONUMENT ZIPCODE: 80132
MONUMENT COLORADO ELEVATION: 7,136
Monument Real Estate & Housing Report
The average commute time within Monument is 25.4 minutes, which is just under the national average. The longer commute time could be due to Monument, Colorado’s population taking a sharp rise. As of 2018, the population was 8,010 people. Monument is very central to I-25 as well, making it easy to get places throughout the state.
Monument is also home to Monument Hill, Colorado. This hill is the highest point of elevation on I-25 between Denver and Colorado Springs, making it the most challenging part of the Monument to Denver commute in inclement weather.
Monument tends to be colder than Colorado Springs. Though still a very mild climate, the average temperatures are about four degrees colder than the Springs. This discrepancy in weather is due to the higher elevation. Monument, Colorado elevation comes in at 7,136 feet, whereas Colorado Springs’ elevation is 6,035.
This increase in Monument, Colorado’s elevation, also causes the higher average snowfall in Monument, Colorado. The average snowfall per year is 96 inches in Monument and only 57 in Colorado Springs.
As a school-choice community, Monument presents opportunities for public schools, private schools, charter schools, and homeschooling groups. With an established reputation for above-average test scores compared to the Colorado state average, the Lewis-Palmer School District 38 is a dedicated local school district that serves younger Monument families.
Lewis-Palmer School District 38 is the only school district in Monument and encompasses the entire city. It is home to five elementary schools, one middle school, and two high schools. Lewis-Palmer School District 38 is ranked third in the state as the best overall school district.
Sales taxes are a combined rate set by the state of Colorado, El Paso County, and the city of Monument. The total sales tax for Monument is 7.13%. Monument is responsible for 3% of that, county for 1.23%, and state for 2.9% of it.
Income and Property Taxes
These taxes do not vary city to city and are the same for Monument as they are for the rest of the Greater Colorado Springs area. For more information on these tax rates, check out our Moving to Colorado Springs post.
Monument is home to the Tri-Lakes, including Monument lake, Woodmoor Lake, and Palmer Lake. Of these three, Monument Lake, Colorado, is the most popular. Featuring great fishing, paddle boarding, and surrounding views, it is an excellent place for a quiet day in nature.
The historical district features the best of Monument, Colorado dining, history, and the often sought-after small-town feel and sights. It is home to the best places to eat in Monument, Colorado, locally-owned shops, and more. It will also give you an insight into the background of the city.
The United States Air Force Academy
Besides being one of the most popular military installations of Colorado Springs, this is also one of Colorado’s most popular tourist destinations. It features a beautiful Chapel, unlike any other, mountainous views, and breathtaking architecture.
The Best News You Can Get As A Homeowner!
If you currently own a home in the Monument area, your home's value has been increasing year after year for some time now.
To the point that even those familiar with our incredible market and growth are still shocked to learn how much their home is worth.
If you are curious to know what your home is currently valued at in our market, feel free to utilize our automated Home Value Estimator tool below.
A win for everyone!
We desperately need available homes for sale in Monument! Our office alone has a list of people that we are actively trying to help find andbuy a home in Monument, Colorado.
If you are interested in possibly selling your home soon, we would like to connect and see if we can create a win for everyone.
You, by maximizing a lucrative return on your investment, and for the homebuyer, securing a home for their family in a desirable area, and likely, an incredible investment as well.
Instantly learn the value of your home in today's market, for free.