The story of this market
The typical home in ZIP 80923 sells for about $445,000, or $221 per square foot.
Prices are down 3.24% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,779 a month.
ZIP 80923 — Colorado Springs
The 80923 housing market is currently balanced, with a median price of $445,000 and a healthy inventory of active listings. While year-over-year price growth has moderated, the area remains attractive to families due to its strong school districts and proximity to major employment hubs. Buyer leverage is increasing slightly as days on market remain steady and price adjustments become more common.
This ZIP is ideal for families and military-affiliated households seeking modern suburban housing, good school districts, and convenient access to northern Colorado Springs employment hubs.
Median prices moved down 3.2% year over year.
Homes spend a median of 58 days on market with 4.4 months of supply — a fast-moving market.
54% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 4.5% — 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 5.1%/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 4.6%/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 80923, El Paso County CO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 80923 area remain generally consistent with broader Colorado Springs trends, characterized by moderate property crime levels typical of suburban residential zones.
Schools serving this ZIP are part of the Academy District 20, which is widely regarded for high academic performance and strong extracurricular programs compared to regional averages.
The area faces standard regional risks including wildfire potential in the wildland-urban interface and occasional high-wind events, necessitating standard homeowner insurance coverage.
Economic momentum is driven by proximity to major military installations and the growing tech and aerospace sectors in northern Colorado Springs, with ongoing residential infill 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 typically face a 20-30 minute commute to downtown Colorado Springs or the northern tech corridor via the Powers Boulevard and I-25 highway arteries.
The area features extensive access to neighborhood parks, the Cottonwood Creek Trail system, and proximity to major shopping centers along the Powers corridor.
The rental market shows moderate vacancy pressure with rents tracking closely to the metro-wide index, supported by steady demand from military personnel and families.
The local economy is anchored by the defense industry, including nearby Air Force bases, alongside a growing healthcare and professional services sector.
Transportation is primarily auto-centric, relying on the Powers Boulevard expressway and I-25 for regional connectivity.
Development is focused on residential infill and expansion of retail infrastructure along the primary arterial roads.
Parcels are subject to various special districts including school, fire protection, and potential metropolitan districts for infrastructure maintenance.
Property insurance premiums are influenced by regional wildfire and hail risk, with market availability remaining stable.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Great Wolf Lodge | Colorado Springs4.27.2 mi
- Cave of the Winds Mountain Park4.811.8 mi
- North Pole Colorado Santa’s Workshop4.614.4 mi
- Urban Air Trampoline and Adventure Park4.35.1 mi
- Air City 360 Trampoline and Adventure Park4.68.9 mi
- The Broadmoor World Arena4.410.5 mi
- Ford Amphitheater4.28.8 mi
- Topgolf4.38.9 mi
- Norris Penrose Event Center4.310.2 mi
- Garden of the Gods Resort4.49 mi
- Garden of the Gods4.910.1 mi
- Great Wolf Lodge | Colorado Springs4.27.2 mi
- Cave of the Winds Mountain Park4.811.8 mi
- The Broadmoor Seven Falls4.410.3 mi
- Garden of the Gods Visitor & Nature Center4.89.1 mi
- Garden of the Gods Visitor & Nature Center4.89.1 mi
- The Broadmoor Manitou and Pikes Peak Cog Railway4.512.8 mi
- Manitou Cliff Dwellings4.411.7 mi
- Garden of the Gods Trading Post4.710.7 mi
- U.S. Olympic & Paralympic Museum4.79.2 mi
- Garden of the Gods4.910.1 mi
- The Broadmoor Seven Falls4.410.3 mi
- Garden of the Gods Visitor & Nature Center4.89.1 mi
- Red Rock Canyon4.810.4 mi
- Memorial Park4.58.1 mi
- The Broadmoor4.712 mi
- Topgolf4.38.9 mi
- Patty Jewett Golf Course4.46.8 mi
- Valley Hi Golf Course3.97.9 mi
- World Golf & Sand Creek Golf Course4.55.6 mi
- Chapel Hills Mall3.94.7 mi
- The Citadel Mall3.86.3 mi
- T.J. Maxx & HomeGoods4.22.6 mi
- Asian Pacific Market4.46 mi
- Colorado Springs Airport4.68.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with sports fields and trail access.
Major retail and restaurant hub serving the eastern side of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.