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Colorado Springs city, CO

ZIP 80831 — 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 80831

Median Home Value
$495,800
Median Rent
$2,164
Affordability Snapshot
$137,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,185/mo PITI).

20%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

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

19.1 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 80831 in Colorado Springs city, CO, a household would need roughly $137,000 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 $3,185. That is roughly in line with the local median household income ($128,900). 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
Owner Occupied
93.3%+43% vs US avg
x
Vacancy Rate
4.6%-56% vs US avg
x
Broadband Access
95.8%+10% vs US avg
x
4+ Bedrooms
24.0%+62% vs US avg
x
Built Pre-1939
0.6%-95% vs US avg
x
Built Post-2014
6.0%-13% vs US avg
x
Rent Burden >30%
15.2%-69% vs US avg
x
Mortgage-Free
18.6%-51% vs US avg
x
$495,800
Home Value
$2,164
Rent
2005
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 detached94.3%
  • 1-unit attached0.4%
  • 2-9 units0.1%
  • 10+ units0.9%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$495,800
Median rent$2,164
Owner-occupied93.3%
Vacant4.6%
Price-to-income3.8x
Est. income to buy$137,000