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Colorado Springs city, CO

ZIP 80938 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 80938

Median Home Value
$487,900
Median Rent
N/A
Affordability Snapshot
$134,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,134/mo PITI).

5.9x
Home Price-to-Income Ratio

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

To comfortably buy a median-priced home in ZIP 80938 in Colorado Springs city, CO, a household would need roughly $134,000 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 $3,134. That is about 63% above the local median household income ($82,105), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics

Newer development area (22% built after 2014)

Owner Occupied
91.9%+40% vs US avg
x
Vacancy Rate
0.0%
x
Broadband Access
100.0%+15% vs US avg
x
4+ Bedrooms
14.7%-1% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
22.0%+219% vs US avg
x
Rent Burden >30%
38.7%-22% vs US avg
x
Mortgage-Free
15.4%-60% vs US avg
x
$487,900
Home Value
N/A
Rent
2016
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

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

  • 1-unit detached67.3%
  • 1-unit attached32.7%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$487,900
Median rent$-666,666,666
Owner-occupied91.9%
Vacant0.0%
Price-to-income5.9x
Est. income to buy$134,000