Monument sits at one of the most strategically positioned points along Colorado's Front Range — between Colorado Springs and the Denver metro, at the edge of the Tri-Lakes area, and within reach of some of the state's most stable employment bases. It's a market that investors are paying increasing attention to, and for good reason. We work in Monument and the surrounding El Paso County area daily, and the fundamentals here are consistently strong. Here's what you need to know before you invest.
Key Takeaways
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Monument's location between Denver and Colorado Springs creates durable demand from multiple buyer and renter pools
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Military employment at nearby installations provides one of the most stable rental tenant bases in the state
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Entry price points remain more accessible than comparable Denver-area markets
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Long-term appreciation and low vacancy rates make Monument a strong buy-and-hold market
Why Monument Attracts Serious Investors
Real estate investment in Monument, Colorado, is driven by fundamentals, not speculation. The town's position along I-25, its proximity to major military installations, and its reputation as one of the most livable small communities on the Front Range create the kind of consistent demand that sustains investment returns over time.
The Market Drivers That Make Monument Compelling
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Military employment stability: Peterson Space Force Base, Schriever SFB, Fort Carson, and NORAD/Peterson collectively employ tens of thousands and generate a continuous flow of renters with predictable income and relocation timelines
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I-25 corridor growth: Monument benefits from sustained population growth along Colorado's most important economic corridor, with demand flowing from both Colorado Springs and the Denver metro
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Limited inventory: the town's relatively small footprint and land constraints limit supply, which supports property values over time
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Outdoor lifestyle premium: proximity to Pikes Peak, the Tri-Lakes area, and the broader Front Range outdoor ecosystem attracts buyers and renters who specifically seek this setting
Understanding the Local Rental Market
Monument's rental market is shaped heavily by its proximity to military installations — and that's a meaningful advantage for investors. Military tenants tend to be financially stable, carry rental assistance through the Basic Allowance for Housing (BAH) program, and generate reliable occupancy even when the broader market softens.
What Investors Should Know About Renting Here
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BAH rates for El Paso County support rents that make single-family investment properties cash-flow positive in many scenarios — confirm current BAH rates with your lender or property manager before underwriting a deal
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Vacancy rates in Monument have historically run below state and national averages, reflecting the consistency of military and civilian demand
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Long-term tenants are common — families relocating for military assignments often stay for two to three years or longer
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Property management infrastructure in the Monument/Colorado Springs corridor is well-developed, making remote ownership more manageable than in smaller markets
Property Types and Investment Strategies
Monument's housing stock is predominantly single-family, with limited multi-family inventory. That shapes the investment landscape significantly — this is a market for patient, long-term investors rather than those seeking high-unit-count cashflow plays.
Investment Approaches That Work in This Market
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Single-family buy-and-hold: the most common and reliable strategy in Monument — purchase, rent to stable tenants, and allow appreciation to build equity over a medium-to-long horizon
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New construction: several active builders are developing in and around Monument, offering investors the opportunity to acquire turnkey properties with builder warranties and lower immediate maintenance costs
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Short-term rental potential: Tri-Lakes proximity and Pikes Peak tourism create STR demand, though El Paso County regulations should be verified before purchasing with that strategy in mind
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Value-add opportunities: older properties in established neighborhoods occasionally present renovation upside, though inventory is limited and competition for these deals is real
What to Know Before You Buy
Key Due Diligence Points for Monument Investors
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Water and mineral rights: Colorado water law is complex — confirm water rights, well permits, and tap fees carefully before closing on any property, particularly outside town limits
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HOA landscape: many Monument communities have active HOAs with rental restrictions — verify covenants before purchasing with investment intent
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Property tax rates: El Paso County property taxes are generally favorable relative to Denver metro counties, but investment properties are assessed differently than primary residences
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Local property management: a good local property manager with military tenant experience is one of the most valuable assets an out-of-area investor can have in this market
Frequently Asked Questions
What Price Point Should Investors Expect in Monument?
Single-family homes in Monument generally range from the mid-$400s to well above $700,000 depending on size, lot, and location. Entry-level investment properties exist but move quickly — being pre-approved and ready to act is essential.
Is Monument a Good Market for Short-Term Rentals?
There is genuine STR demand connected to Pikes Peak tourism and Front Range travel, but this strategy requires careful verification of El Paso County and HOA regulations before committing. We always advise investors to confirm permissibility before purchasing with STR income in the underwriting.
How Does Monument Compare to Colorado Springs as an Investment Market?
Monument offers a smaller, quieter community feel with similar military-driven rental demand but less inventory and generally higher per-unit price points. Colorado Springs has more scale and multi-family options; Monument rewards investors who value stability, appreciation, and lower management complexity over higher unit counts.
Contact The Fletcher Team & Associates Today
Monument is a market that rewards investors who take the time to understand it — and we're here to help you do exactly that. Reach out to us at
The Fletcher Team & Associates and let's look at what the current opportunity actually looks like for your goals.
We know this market well, and we'd love to help you invest in it wisely.
