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Colorado Springs city, CO

ZIP 80923 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 80923

Median Home Value
$448,800
Median Rent
$1,802
Affordability Snapshot
$124,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,883/mo PITI).

21%
Rent-to-Income Ratio

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

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.8 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 80923 in Colorado Springs city, CO, a household would need roughly $124,000 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 $2,883. That is about 20% above the local median household income ($103,556), 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
70.6%+8% vs US avg
x
Vacancy Rate
3.7%-64% vs US avg
x
Broadband Access
97.6%+12% vs US avg
x
4+ Bedrooms
13.5%-9% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
4.6%-33% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
15.9%-58% vs US avg
x
$448,800
Home Value
$1,802
Rent
2005
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached73.3%
  • 1-unit attached8.2%
  • 2-9 units4.0%
  • 10+ units14.1%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$448,800
Median rent$1,802
Owner-occupied70.6%
Vacant3.7%
Price-to-income4.3x
Est. income to buy$124,000