The story of this market
The typical home in ZIP 80949 sells for about $1,050,000, or $271 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,620 a month.
ZIP 80949 — Colorado Springs
The housing market in 80949 remains stable with high demand for single-family homes, supported by strong local employment in the defense and aerospace sectors. While inventory remains tight, price growth has moderated compared to previous years. Data for specific market metrics like active listings and days on market are sourced from current portal listings, while demographic data is based on the most recent ACS estimates.
This ZIP is well-suited for established families and professionals seeking suburban living with proximity to outdoor recreation and major regional employment hubs.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · 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 9.9%/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 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 80949, El Paso County, CO
The area reports lower crime rates compared to the broader Colorado Springs urban core, though property crime remains a localized concern.
Schools serving this area are generally well-regarded, with many institutions in the local district maintaining high performance ratings.
The region faces moderate wildfire risk due to its proximity to wildland-urban interface areas, necessitating diligent fire mitigation and specialized insurance coverage.
Economic momentum is driven by the proximity to major aerospace and defense employers in the Colorado Springs region, with steady residential development.
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.
Residents primarily commute by car toward the Colorado Springs employment core, with typical drive times ranging from 20 to 35 minutes depending on traffic.
The area offers significant access to outdoor amenities, including nearby hiking trails, regional parks, and proximity to the foothills of the Rocky Mountains.
The rental market is characterized by moderate demand, with vacancy rates remaining stable and rent trajectories tracking closely with regional HUD fair market benchmarks.
The economy is anchored by the defense, aerospace, and technology sectors, with significant employment provided by nearby military installations and corporate campuses.
Transportation is heavily reliant on private vehicle use, with access to I-25 serving as the primary corridor for regional transit.
Development is focused on low-density residential expansion and supporting commercial infrastructure in the northern periphery.
The El Paso County Assessor manages property valuations, utilizing a biennial reappraisal cycle to determine taxable values.
Parcels may be subject to various special districts, including metropolitan districts for infrastructure financing and local fire protection districts.
Property insurance premiums are influenced by regional wildfire risk assessments and the high cost of construction in the Colorado Springs market.
Data retrieved from data.census.gov ZCTA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Large regional park featuring trails, picnic areas, and open space.
Popular local trail network for hiking and equestrian use.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.