The story of this market
The typical home in ZIP 80118 sells for about $1,140,000, or $315 per square foot.
Prices are up +27.5% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $3,200 a month.
ZIP 80118 — Larkspur
The 80118 housing market is characterized by high-value, large-acreage properties with significant year-over-year price appreciation. While inventory remains tight, the market is somewhat competitive, driven by demand for rural lifestyle properties within commuting distance of the Denver metro area.
This ZIP is ideal for families and professionals seeking a rural, high-amenity lifestyle with large lot sizes, while still maintaining access to major Front Range employment centers.
Median prices moved up 27.5% year over year.
Homes spend a median of 57 days on market with 16.4 months of supply — a slower-moving market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 3.2% — 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 10.9%/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 10.9%/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 80118, 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 Larkspur are generally low, with the area experiencing significantly less violent and property crime compared to the national and regional averages.
Schools serving the 80118 area are primarily part of the Douglas County School District, which is generally well-regarded for its academic performance and extracurricular offerings.
The area faces elevated wildfire risks due to its mountainous terrain and forested landscape, necessitating careful property insurance planning and fire mitigation efforts.
Development is characterized by low-density residential growth and recreational infrastructure, with proximity to the Denver-Colorado Springs corridor driving economic interest.
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 traveling via I-25 to reach employment hubs in Castle Rock, Denver, or Colorado Springs.
The area is rich in outdoor amenities, featuring access to the Pike National Forest, local equestrian trails, and the Perry Park Country Club for golf.
The rental market is limited, consisting mostly of single-family homes with low turnover and high demand for rural-lifestyle properties.
The economy is driven by small businesses, tourism, and the service sector, with many residents commuting to larger corporate employers in the Denver Tech Center and Castle Rock.
Transportation is heavily reliant on the I-25 corridor, which serves as the primary artery for regional connectivity.
Development is strictly managed by Douglas County zoning, focusing on maintaining the rural character of the area while allowing for low-density residential expansion.
The Douglas County Assessor's office conducts biennial reappraisals to determine property values for tax purposes.
Parcels are subject to various special districts, including fire protection districts and local water and sanitation districts.
Property insurance premiums are influenced by the area's high wildfire hazard rating, leading to higher costs and limited carrier options.
Data retrieved from data.census.gov ZCTA 80118 profile.
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.
- Ford Amphitheater4.213.5 mi
- Topgolf4.313.3 mi
- Arrowhead Golf Club4.519.4 mi
- Main Event Colorado Springs4.415.4 mi
- Philip S. Miller Park4.811.8 mi
- Rocky Mountain Dinosaur Resource Center4.616 mi
- Western Museum of Mining & Industry4.713 mi
- Monument Rock4.87.8 mi
- The Castle Rock4.712.7 mi
- Tweeds Fine Furnishings4.716 mi
- Devil's Head Lookout4.810.8 mi
- Fox Run Regional Park4.812 mi
- Philip S. Miller Park4.811.8 mi
- Challenge Hill and Trails at Philip S. Miller Park4.911.7 mi
- Dawson Butte Ranch Open Space Trail4.86.5 mi
- Plum Creek Golf Club4.110.9 mi
- Red Hawk Ridge Golf Course4.613 mi
- King's Deer Golf Club4.28.7 mi
- Perry Park Country Club4.75.5 mi
- King Soopers4.110.6 mi
- King Soopers413 mi
- Safeway411.5 mi
- Safeway4.17.5 mi
- Kohl's4.210.1 mi
- Colorado Springs Airport4.629.5 mi
- Centennial Airport4.426.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A scenic 18-hole golf course set among red rock formations.
Extensive wilderness area offering hiking, camping, and wildlife viewing.
Local park providing community space and recreational facilities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).