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Colorado Springs city, CO

ZIP 80906 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 80906

Median Home Value
$543,400
Median Rent
$1,462
Affordability Snapshot
$150,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,491/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

31.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 80906 in Colorado Springs city, CO, a household would need roughly $150,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,491. That is about 70% above the local median household income ($88,047), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
63.5%-3% vs US avg
x
Vacancy Rate
8.3%-20% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
13.5%-9% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
27.1%-45% vs US avg
x
Mortgage-Free
38.2%+0% vs US avg
x
$543,400
Home Value
$1,462
Rent
1984
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.6%
  • 1-unit attached10.7%
  • 2-9 units14.8%
  • 10+ units12.2%
  • Mobile home & other3.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$543,400
Median rent$1,462
Owner-occupied63.5%
Vacant8.3%
Price-to-income6.2x
Est. income to buy$150,000