Are Grandparents Relocating to Colorado Springs Be Closer to Their Grandkids?

Exploring Trends in the Colorado Springs Real Estate Market

During the pandemic, social distancing became a painful necessity, causing many grandparents to physically distance themselves from their grandchildren, especially as schools reopened. However, now that the pandemic has eased, many grandparents are looking to reconnect and make up for lost time. How are they achieving this? The data shows that many are relocating to spend more quality time with their loved ones.

The Great Grandparent Migration: What the Data Shows

According to a recent report by the National Association of Realtors (NAR), individuals aged 55 to 74 are moving further distances—more than 100 miles—compared to any other age group.

In the United States, the average age of grandparents is around 67 years old. It's reasonable to deduce that a good number of these long-distance movers are grandparents. But what's compelling them to pack up and move such considerable distances?

The same NAR report indicates that the top reason for relocating is to be closer to loved ones. It appears many grandparents are realizing their wishes for more quality moments with their grandkids by making significant moves, particularly in the best neighborhoods in Colorado Springs for families.

The Emotional & Financial Considerations

Post-pandemic, the desire to be near family has intensified, given the isolation and loneliness many experienced. Vance Cariaga, a journalist at Go Bank Rates, puts it succinctly:

"Never underestimate the power of grandchildren—especially when it comes to lifestyle and financial decisions. Recent data shows that many baby boomers are relocating further away from home than they used to so they can be closer to their grandbabies."

Bottom Line in the Colorado Springs Housing Market

The data and Colorado Springs property trends affirm that many grandparents are willing to go the distance—quite literally—to be near their grandchildren. If you find yourself nodding in agreement and are considering a move for the same reason, let’s connect to explore your options in the Colorado Springs real estate market.

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