The story of this market
The typical home in ZIP 80947 sells for about $470,000, or $237 per square foot.
Prices are down 1.1% from a year ago, which gives buyers more room to negotiate. Homes take about 83 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,409 a month.
This ZIP has no home sales of its own, so its market figures come from Colorado Springs, Colorado (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 80947 — Colorado Springs
ZIP 80947 is a unique, non-residential ZIP code in Colorado Springs. Consequently, no market data, demographic statistics, or housing metrics are available for this geography.
Median prices moved down 1.1% year over year.
Homes spend a median of 83 days on market with 5.5 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
Awaiting this reading — not graded.
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.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.