The story of this market
The typical home in ZIP 80938 sells for about $406,350, or $216 per square foot.
Prices are down 14.5% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell.
ZIP 80938 — Colorado Springs
The 80938 housing market is currently experiencing a correction, with median sale prices down 14.5% year-over-year to $406,350. Sales volume is low, with only 5 closed sales in the most recent period, and inventory remains limited. Several metrics, including median household income, rent, and tax rates, are not currently published at the ZIP level.
This ZIP is well-suited for family buyers seeking newer construction in a tranquil, residential setting with mountain views.
Median prices moved down 14.5% year over year.
Homes spend a median of 48 days on market with 10.6 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 80938, El Paso County, CO
The area borders open prairies that provide natural windbreaks and sunset views.
The area is characterized by residential development with homes built primarily after 2000.
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.
The area is primarily a residential suburb of the Colorado Springs metro area.
Data retrieved from Census Reporter profile for ZCTA 80938.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.