The story of this market
The typical home in ZIP 80924 sells for about $650,000, or $199 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 101.5 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,450 a month.
ZIP 80924 — Colorado Springs
The 80924 housing market is currently experiencing a cooling phase, with median sale prices softening slightly year-over-year while inventory levels have increased. Despite the longer days on market, the area remains attractive to family buyers due to its high-quality school district and newer housing stock. The market is shifting toward a more balanced environment, providing buyers with more leverage than in previous years.
This ZIP is ideal for families and professionals seeking newer construction, high-quality schools, and a suburban lifestyle with convenient access to northern Colorado Springs amenities.
Median prices moved down 1.5% year over year.
Homes spend a median of 102 days on market with 4.4 months of supply — a balanced-paced market.
54% of listings have cut prices · homes sell at 99.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · 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 6.0%/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 6.1%/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 80924, 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.
The area is served by highly-rated schools within the Academy School District 20, which is consistently recognized for academic performance in the Colorado Springs region.
The region faces moderate wildfire risk common to the Front Range foothills and requires standard hazard insurance coverage.
The area is experiencing significant residential expansion with ongoing master-planned community development, supported by proximity to major employment hubs in northern Colorado Springs and the Air Force Academy.
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, with average travel times around 25 minutes to major employment centers in Colorado Springs and the I-25 corridor.
The ZIP features extensive trail systems, proximity to Black Forest Regional Park, and easy access to shopping and dining at the nearby InterQuest Marketplace.
The rental market is characterized by high demand for newer single-family homes, with vacancy rates remaining low due to the area's popularity with families.
The local economy is anchored by the aerospace, defense, and technology sectors, with major employers including the U.S. Air Force Academy and various tech firms in the northern corridor.
The area is heavily reliant on the I-25 highway corridor for regional connectivity, with limited public transit options.
Continued residential development is planned for the northern reaches of the ZIP, focusing on master-planned communities and supporting commercial infrastructure.
The El Paso County Assessor manages property valuations, with assessments typically occurring on a biennial cycle.
Parcels are subject to various Metropolitan Districts (MUDs) that fund infrastructure and public improvements.
Property insurance premiums are influenced by regional wildfire risk assessments and the age of housing stock.
Data retrieved from Census Reporter and ACS 2024 profiles.
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.
- The Broadmoor World Arena4.413.3 mi
- Ford Amphitheater4.26.6 mi
- Topgolf4.36.7 mi
- Norris Penrose Event Center4.312.4 mi
- Garden of the Gods Resort4.410.3 mi
- Garden of the Gods4.911.4 mi
- Great Wolf Lodge | Colorado Springs4.25.3 mi
- Cave of the Winds Mountain Park4.812.9 mi
- The Broadmoor Seven Falls4.412.5 mi
- Garden of the Gods Visitor & Nature Center4.810.4 mi
- Garden of the Gods Visitor & Nature Center4.810.4 mi
- Manitou Cliff Dwellings4.412.9 mi
- The Broadmoor Manitou and Pikes Peak Cog Railway4.514 mi
- Garden of the Gods Trading Post4.712 mi
- U.S. Olympic & Paralympic Museum4.711.5 mi
- Garden of the Gods4.911.4 mi
- The Broadmoor Seven Falls4.412.5 mi
- Garden of the Gods Visitor & Nature Center4.810.4 mi
- Red Rock Canyon4.812 mi
- Memorial Park4.510.6 mi
- Topgolf4.36.7 mi
- Patty Jewett Golf Course4.49 mi
- Valley Hi Golf Course3.910.7 mi
- World Golf & Sand Creek Golf Course4.58.8 mi
- Pine Creek Golf Club3.43.2 mi
- Chapel Hills Mall3.94.5 mi
- The Citadel Mall3.89.2 mi
- T.J. Maxx & HomeGoods4.25.8 mi
- Asian Pacific Market4.49.1 mi
- King Soopers Marketplace4.57.5 mi
- Colorado Springs Airport4.611.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park offering hiking trails and picnic areas.
Major retail and entertainment hub serving the northern Colorado Springs area.
Public golf course located in the vicinity.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.