The story of this market
The typical home in ZIP 80816 sells for about $467,000, or $221 per square foot.
Prices are down 3.1% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,779 a month.
ZIP 80816 — Florissant
The housing market in ZIP 80816 is currently balanced, characterized by a moderate supply of inventory and a slight year-over-year price correction. Buyers are finding more leverage compared to previous years, with longer days on market and a higher frequency of price adjustments. The area remains attractive due to its strong school districts and proximity to major employment hubs.
This area is well-suited for family buyers and professionals seeking a balance between suburban living and access to the amenities of the Colorado Springs metro area.
Median prices moved down 3.1% year over year.
Homes spend a median of 49 days on market with 4.4 months of supply — a fast-moving market.
54% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · 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 6.5%/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 6.5%/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 80816, 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 public school districts, with many schools in the region maintaining strong academic performance metrics.
The region faces moderate wildfire risk and requires standard property insurance coverage for wind and hail, which are common in the Colorado Springs area.
The area benefits from proximity to major employers in the aerospace, defense, and technology sectors, with steady infrastructure development supporting residential expansion.
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 rely on personal vehicles for commuting, with major highway corridors providing access to the Colorado Springs employment core.
The area features extensive access to local parks, hiking trails, and proximity to regional golf courses and shopping centers within a short drive.
The rental market shows stable demand with moderate vacancy pressure, reflecting a mix of long-term residents and transient military or professional personnel.
The local economy is anchored by the defense industry, technology firms, and healthcare providers, with significant employment contributions from nearby military installations.
The area is primarily served by the I-25 highway corridor, which acts as the main artery for regional transit and commuting.
Development is focused on expanding residential subdivisions and supporting commercial infrastructure along the northern growth boundary.
The El Paso County Assessor conducts biennial reappraisals to determine property values for tax purposes.
Parcels are subject to various special districts, including school districts, fire protection districts, and metropolitan districts for utility services.
Property insurance premiums are influenced by regional wildfire and hail risk, with most carriers requiring specific coverage endorsements.
Data retrieved from 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.
- Cave of the Winds Mountain Park4.819.9 mi
- North Pole Colorado Santa’s Workshop4.617 mi
- Iron Springs Chateau4.619.4 mi
- Armadillo Ranch4.319.9 mi
- Shining Mountain Golf Course and Event Center415.9 mi
- The Butte Theater4.910.2 mi
- Ice Castles4.310.4 mi
- Colorado Wolf and Wildlife Center4.76.1 mi
- Paradise Cove / Guffey Gorge4.67.2 mi
- Rita The Rock Planter4.912.5 mi
- Eleven Mile Canyon Recreation Area4.88.1 mi
- The Broadmoor Manitou and Pikes Peak Cog Railway4.519.3 mi
- Rocky Mountain Dinosaur Resource Center4.615.6 mi
- Miramont Castle Museum and The Queen's Parlour Tearoom4.519.8 mi
- Cripple Creek Heritage Center4.810.5 mi
- Iron Spring4.519.5 mi
- Mueller State Park4.77 mi
- Colorado Wolf and Wildlife Center4.76.1 mi
- Paradise Cove / Guffey Gorge4.67.2 mi
- Florissant Fossil Beds National Monument4.63.3 mi
- Eleven Mile Canyon Recreation Area4.88.1 mi
- 11 Mile Marina3.912.5 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 walking paths.
Public-access championship golf course serving the northern area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.