The cozy community of Falcon, Colorado, has positioned itself to serve the residential needs of the military families assigned to Schriever Air Force Base. Located just 15 miles northeast of downtown Colorado Springs, Falcon was once a quiet ranching community; today’s Falcon is still undergoing development of new homes and neighborhoods, in response to the rising demand for quality living options in the area. Real estate options consist of ranch properties and homes with expansive amounts of acreage, tailoring to the more relaxed, personal lifestyle fit for military families and personnel.
In the 1990s Falcon experienced rapid residential growth. Located minutes from the dynamic Power corridor, Falcon residents can now enjoy an abundance of shopping, fabulous restaurants and amazing entertainment including a Cinemark Imax Theatre, the Sky Sox Baseball Stadium, and two golf courses. Other advantages of living in Falcon include its proximity to the base as well as to Colorado Springs and the Colorado Springs Municipal Airport. Recreational opportunities are plentiful; El Paso County in general is a favorite spot for nature enthusiasts for its hiking, skiing, fly-fishing, horseback riding, golfing and rock climbing.
Falcon is close to commercial activity yet still far enough away to offer a “country feel.” Falcon is perfect for families who prefer to live in a small community where the cost of land is lower and the country environment dominates. The availability of affordable homes as well as its close proximity to Schriever and Peterson Air Force Bases makes Falcon the perfect choice for military families. Many builders, both local and national, are now building in this popular/growing area.
The residential properties available in Falcon will appeal to buyers who appreciate open spaces. Falcon’s scenic backdrop of expansive vistas makes for stunning sunrises and great views. Buyers will find a selection of ranch properties and modern subdivision homes. Prices for single-family homes in Falcon range from about $100,000 to $650,000. The most valuable properties are expansive ranches with acreage.
Families on a smaller budget can definitely find a quality three-bedroom patio home or townhouse with modern features near Falcon for a price tag around $100,000 in many of Falcon’s suburban neighborhoods or planned communities. Prestigious golf course communities with an on-site recreation center, neighborhood parks, biking trails, and access to the award-winning Antler Creek Golf Course include Woodmen Hills and Meridian Ranch, which are within minutes from popular restaurants and shopping centers. Falcon is perfect for military families as the community is close to Schriever AFB, and for those looking to live near the Colorado Springs metro area.
Falcon Real Estate Stats and Trends for the week of May 25th, 2015: homes priced around $327,279 compared to $613,750 the previous week, showing a decrease of less than -88%. For Wednesday, May 27th, the current national mortgage rate for a 30 year fixed mortgage is 3.90%; the 15 year fixed rate is at 3.06%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.27%, while the 15 year jumbo rate currently is at 3.82%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Falcon CO. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Falcon to help you find the best home!