The story of this market
The typical home in ZIP 80840 sells for about $502,587, or $238 per square foot.
Prices are up +7.4% from a year ago, so sellers still have some momentum. Homes take about 96 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,991 a month.
ZIP 80840 — Usaf Academy
The housing market in 80840 is heavily influenced by the institutional presence of the Air Force Academy. Market metrics reflect stable growth consistent with the broader El Paso County trends, with limited residential turnover due to the unique nature of the ZIP code.
This ZIP is primarily suited for military personnel, families associated with the Air Force Academy, and those seeking proximity to institutional employment.
Median prices moved up 7.4% year over year.
Homes spend a median of 96 days on market with 3.1 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 95.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 80840, 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 subject to regional climate norms including wildfire risk and significant temperature fluctuations typical of the Colorado Springs metro area.
The area is anchored by the United States Air Force Academy, which serves as the primary economic and institutional driver for this ZIP code.
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.
Commutes are primarily oriented toward the Colorado Springs employment core via I-25.
The area features extensive access to the Air Force Academy grounds, nearby hiking trails, and proximity to the broader Colorado Springs park system.
Rental market data is limited due to the institutional nature of the housing stock within the Air Force Academy grounds.
The economy is heavily dominated by the United States Air Force Academy and associated military and federal support services.
The area is served by I-25, providing the primary transit corridor for the region.
El Paso County utilizes a mass appraisal system for property tax assessments.
Parcels are subject to El Paso County tax levies and applicable school district assessments.
Property insurance premiums in the region are influenced by wildfire and wind hazard exposure.
Data retrieved from Census ACS and local market reports.
- The Broadmoor World Arena4.414.6 mi
- Ford Amphitheater4.22.4 mi
- Topgolf4.32.7 mi
- Norris Penrose Event Center4.311.8 mi
- Garden of the Gods Resort4.48 mi
- Garden of the Gods4.98.6 mi
- Great Wolf Lodge | Colorado Springs4.22.5 mi
- Cave of the Winds Mountain Park4.89.1 mi
- The Broadmoor Seven Falls4.411.8 mi
- Garden of the Gods Visitor & Nature Center4.88 mi
- Garden of the Gods Visitor & Nature Center4.88 mi
- The Broadmoor Manitou and Pikes Peak Cog Railway4.510.4 mi
- Manitou Cliff Dwellings4.49.6 mi
- Garden of the Gods Trading Post4.79.2 mi
- U.S. Olympic & Paralympic Museum4.711.5 mi
- Garden of the Gods4.98.6 mi
- The Broadmoor Seven Falls4.411.8 mi
- Garden of the Gods Visitor & Nature Center4.88 mi
- Manitou Incline4.910.5 mi
- Red Rock Canyon4.89.9 mi
- Topgolf4.32.7 mi
- Patty Jewett Golf Course4.49.8 mi
- Valley Hi Golf Course3.912.7 mi
- Pine Creek Golf Club3.44.6 mi
- King's Deer Golf Club4.29.1 mi
- Chapel Hills Mall3.94.6 mi
- The Citadel Mall3.811.6 mi
- T.J. Maxx & HomeGoods4.210.5 mi
- Asian Pacific Market4.412.4 mi
- King Soopers4.210.1 mi
- Colorado Springs Airport4.615.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary anchor and major landmark for the ZIP code.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.