The story of this market
The typical home in ZIP 80116 sells for about $1,100,000, or $350 per square foot.
Prices are down 9.59% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,200 a month.
ZIP 80116 — Franktown
The 80116 housing market is currently experiencing a correction, with median listing prices showing a year-over-year decline of approximately 9.59%. High interest rates and elevated entry prices have slowed market velocity, leading to a more balanced environment for buyers compared to previous years. Data for specific metrics like months of supply and exact closed sales counts are based on current market reports for the Franktown area.
This ZIP is best suited for families and individuals seeking large-lot, semi-rural living who prioritize privacy and outdoor access over walkability and urban amenities.
Median prices moved down 9.6% year over year.
Homes spend a median of 65 days on market with 5.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.0% — 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 12.0%/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 12.0%/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 80116, Douglas 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 Franktown area are generally low, consistent with the rural and semi-rural character of Douglas County, which consistently ranks among the safest regions in Colorado.
Schools serving the area are part of the Douglas County School District, which is widely regarded for high academic performance and strong college-readiness metrics.
The area faces moderate wildfire risk typical of the Colorado Front Range foothills, necessitating proactive defensible space management and careful consideration of property insurance availability.
Development is characterized by low-density, large-lot residential growth with limited commercial infrastructure, maintaining a rural aesthetic while benefiting from proximity to the economic hubs of Castle Rock and the Denver Tech Center.
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.
Commuting typically requires a personal vehicle, with residents driving to employment centers in Castle Rock, Parker, or the Denver Tech Center via Highway 83 or Highway 86.
The area offers extensive access to outdoor recreation, including regional trails, equestrian facilities, and proximity to Franktown's open spaces and nearby Castlewood Canyon State Park.
The rental market is limited and primarily consists of single-family homes on large lots, with low vacancy pressure and minimal short-term rental activity compared to urban centers.
The local economy is driven by small businesses, agriculture, and professional services, with most residents commuting to larger employment centers in Douglas County and the Denver metro area.
Transportation is almost exclusively automobile-dependent, relying on state highways like CO-83 and CO-86 for regional connectivity.
Development is strictly managed by Douglas County zoning, focusing on preserving the rural character and limiting high-density residential projects.
The Douglas County Assessor's office manages property valuations, utilizing a biennial reappraisal cycle based on market sales data.
Parcels are subject to various special districts, including fire protection districts and local water/sanitation authorities.
Property insurance premiums are influenced by wildfire risk assessments and the distance to fire stations, with some carriers limiting coverage in high-risk zones.
Data retrieved from data.census.gov for ZCTA 80116.
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.
- Pindustry4.119.5 mi
- Family Sports Center4.418.1 mi
- Boondocks Food and Fun - Parker4.214.7 mi
- SweetPlay Greenwood Village4.619.4 mi
- Urban Air Trampoline and Adventure Park3.917.5 mi
- Fiddler's Green Amphitheatre4.419.6 mi
- Topgolf Centennial4.418.3 mi
- Pindustry4.119.5 mi
- Maggiano's Little Italy4.418 mi
- Arapahoe County Fairgrounds Event Center4.419.9 mi
- Colorado Renaissance Festival4.512.3 mi
- Castlewood Canyon State Park4.81.1 mi
- Philip S. Miller Park4.88.2 mi
- AMC Castle Rock 124.18.9 mi
- Salisbury Regional Park4.610.9 mi
- PACE Center4.811.8 mi
- Highlands Ranch Mansion4.818.4 mi
- Lone Tree Arts Center4.815.3 mi
- Wings Over the Rockies Exploration of Flight (Centennial Airport)4.616.3 mi
- Play Street Museum - Highlands Ranch4.817.9 mi
- Castlewood Canyon State Park4.81.1 mi
- Philip S. Miller Park4.88.2 mi
- Salisbury Regional Park4.610.9 mi
- Rueter-Hess Incline4.712.1 mi
- Challenge Hill and Trails at Philip S. Miller Park4.98.1 mi
- Red Hawk Ridge Golf Course4.68.8 mi
- Plum Creek Golf Club4.16.9 mi
- The Ridge at Castle Pines North4.312.8 mi
- Spring Valley Golf Club4.312.8 mi
- The Pinery Country Club4.47.7 mi
- Outlets at Castle Rock4.59 mi
- King Soopers Marketplace4.29.3 mi
- T.J. Maxx & HomeGoods4.39.4 mi
- King Soopers3.89.3 mi
- King Soopers45.6 mi
- Centennial Airport4.417.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features hiking trails, rock climbing, and historic ruins.
Local hub for essential services and dining.
Key-figure check: median price diverges 60.9% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $1,770,000 (60.9% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,770,000 (+60.9% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.