Quick facts: Divide, CO

Quick Facts

114.3
Cost of Living
above US average
140
Population
35.71
Crime Rate per 1000
above US average
$70,294
Median Income
below US average
$160,000
Median House Price
above US average
$2600.0
Average Rent
above US average
5%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $70,294.

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Income Needed to Buy

βœ“ Affordable
$50k/year
Based on $160,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($70,294) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$111k/year
Based on $2600.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $111k vs median $70,294
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Divide, CO

Divide is a charming small community located in Teller County, Colorado. Nestled in the picturesque Rocky Mountains, this town offers stunning views, outdoor recreational opportunities, and a laid-back atmosphere. Situated about 30 miles northwest of Colorado Springs, Divide serves as a quaint gateway to some of Colorado's most majestic landscapes. The area is known for its proximity to several popular attractions, including Pikes Peak, one of the state’s most famous fourteeners, and Eleven Mile Canyon, which offers excellent fishing, hiking, and scenic views. The town itself features a mix of quaint shops and local dining options, catering to both residents and visitors. With a population that hovers around a few hundred, Divide maintains a close-knit community feel while still being close to the amenities of larger towns like Woodland Park. The region experiences diverse weather conditions throughout the year, featuring snowy winters and mild summers, making it an attractive location for those who love the outdoors. Overall, Divide is perfect for nature enthusiasts and those seeking a peaceful retreat in the stunning Colorado wilderness.

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