The story of this market
The typical home in ZIP 80928 sells for about $397,900, or $185 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $2,618 a month.
ZIP 80928 — Colorado Springs
The housing market in 80928 is characterized by low inventory and stable, moderate price appreciation. The area serves as a rural-fringe residential zone with limited new development, and current market conditions are driven by local demand rather than speculative growth.
This ZIP is best suited for buyers seeking rural-fringe living and space, though it requires careful diligence for investors due to the specific challenges of cash-flowing properties in this low-density area.
Median prices moved up 3.5% year over year.
Homes spend a median of 48 days on market with 7.0 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 2.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 80928, El Paso County, CO
The area is served by a limited number of schools, with performance ratings generally reflecting the rural-fringe character of the district.
The county-level natural-hazard risk is rated as relatively moderate, with lightning, winter weather, and hail identified as the primary hazards.
Economic momentum is tied to the broader Colorado Springs metro area, with primary employment sectors including health care, accommodation, and professional services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Commutes are primarily car-dependent, with residents traveling toward the Colorado Springs employment core via regional highway corridors.
The area features limited local amenities, with access to regional parks and outdoor recreation typical of the rural-fringe landscape of El Paso County.
The rental market is characterized by low inventory and high vacancy pressure, with limited short-term rental activity reported.
The local economy is heavily influenced by the broader Colorado Springs metro area, with major employment in health care, professional services, and accommodation.
Transportation is almost exclusively reliant on private vehicles, with access to regional highways serving as the primary transit corridor.
Development activity is minimal, with the area maintaining a largely rural and low-density residential character.
The El Paso County Assessor manages property valuations, utilizing a biennial reassessment cycle based on market data.
Parcels are subject to standard county and school district levies, with some areas potentially falling under specific water or fire protection districts.
Property insurance premiums are influenced by regional wildfire and hail risk, with market health remaining stable but sensitive to climate-related claims.
Data retrieved from US Census Bureau ACS 2024 5-year estimates via ZipCodeDex and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides regional trail access and outdoor recreation opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.