The story of this market
The typical home in ZIP 80829 sells for about $732,000, or $285 per square foot.
Prices are down 5.5% from a year ago, which gives buyers more room to negotiate. Homes take about 73 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,991 a month.
ZIP 80829 — Manitou Springs
The 80829 housing market is currently experiencing a cooling phase, with median prices retreating from recent highs as buyer demand softens. High interest rates and limited inventory are keeping transaction volumes low, resulting in a somewhat competitive but buyer-sensitive environment.
This ZIP is ideal for outdoor enthusiasts, retirees, and those seeking a mountain-town lifestyle within a short commute of Colorado Springs' employment hubs.
Median prices moved down 5.5% year over year.
Homes spend a median of 73 days on market with 51.0 months of supply — a slower-moving market.
3% 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 3.2% · poverty 6.0% — 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 10.7%/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 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 80829, 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 Manitou Springs School District 14, which is generally well-regarded for its small-town atmosphere and academic performance.
The region faces significant wildfire risk due to its mountainous terrain and forest interface, necessitating careful insurance planning.
Economic momentum is driven by tourism and proximity to Colorado Springs, with limited new large-scale development due to geographic constraints.
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 to Colorado Springs typically involves a 15-20 minute drive via US-24, which serves as the primary transit corridor.
The area is a premier destination for outdoor recreation, featuring immediate access to the Barr Trail, Pikes Peak, and numerous local parks and hiking trails.
The rental market is tight with limited inventory, often influenced by seasonal tourism and short-term rental demand in the Manitou Springs area.
The local economy is heavily anchored by tourism, outdoor recreation, and service industries, with significant spillover employment from the broader Colorado Springs metro area.
Development is strictly limited by the mountainous topography and protected open space, focusing primarily on infill and historic renovation.
Parcels are subject to El Paso County property taxes and specific levies for the Manitou Springs School District and local fire protection authorities.
Property insurance premiums are elevated due to high wildfire risk and the mountainous geography of the region.
Data retrieved from US Census Bureau ZCTA 80829 profiles.
- Great Wolf Lodge | Colorado Springs4.215.6 mi
- Cave of the Winds Mountain Park4.85.4 mi
- North Pole Colorado Santa’s Workshop4.67.5 mi
- Urban Air Trampoline and Adventure Park4.312.8 mi
- Air City 360 Trampoline and Adventure Park4.617.1 mi
- The Broadmoor World Arena4.48.4 mi
- Ford Amphitheater4.216.6 mi
- Topgolf4.316.9 mi
- Norris Penrose Event Center4.35.8 mi
- Garden of the Gods Resort4.47.1 mi
- Garden of the Gods4.96.1 mi
- Cheyenne Mountain Zoo4.85.5 mi
- Cave of the Winds Mountain Park4.85.4 mi
- The Broadmoor Seven Falls4.45.7 mi
- Garden of the Gods Visitor & Nature Center4.87 mi
- Garden of the Gods4.96.1 mi
- The Broadmoor Seven Falls4.45.7 mi
- Garden of the Gods Visitor & Nature Center4.87 mi
- Manitou Incline4.94.1 mi
- Red Rock Canyon4.85.4 mi
- The Broadmoor4.75.4 mi
- Patty Jewett Golf Course4.49 mi
- Valley Hi Golf Course3.99.8 mi
- Cheyenne Shadows Golf Club4.59.5 mi
- Country Club of Colorado4.47 mi
- The Citadel Mall3.810.7 mi
- Asian Pacific Market4.411.9 mi
- Fort Carson Main Exchange4.49.3 mi
- King Soopers4.26.6 mi
- Sprouts Farmers Market4.36.9 mi
- Colorado Springs Airport4.612.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A world-famous, challenging hiking trail that attracts thousands of visitors annually.
A world-renowned public park featuring dramatic red rock formations and extensive trail networks.
A historic geological attraction offering cave tours and adventure activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.