The story of this market
The typical home in ZIP 80906 sells for about $514,847, or $225 per square foot.
Prices are down 14.2% 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 $1,640 a month.
ZIP 80906 — Colorado Springs
The 80906 housing market is experiencing a correction in pricing following years of rapid appreciation, with median prices down 14.2% year-over-year. Despite this, the market remains competitive due to the area's high-quality school district and desirable lifestyle amenities. Demand is supported by local employment in the defense and hospitality sectors, though buyers are increasingly price-sensitive.
This ZIP is ideal for families seeking top-tier schools, outdoor enthusiasts who value proximity to mountain trails, and professionals working in the defense or hospitality sectors. It is less suited for investors seeking high cash-flow, as high entry prices relative to rents create a challenging environment for traditional rental returns.
Median prices moved down 14.2% year over year.
Homes spend a median of 49 days on market with 2.5 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 6.5% — 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 5.6%/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 5.7%/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 80906, 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.
Crime rates in the 80906 area are generally considered lower than the broader Colorado Springs average, with the region benefiting from its proximity to established, affluent neighborhoods. Reported trends remain stable, though property crime remains the primary concern for local law enforcement.
The area is served by the Cheyenne Mountain School District 12, which is consistently ranked among the highest-performing districts in Colorado. Schools in this ZIP are characterized by strong academic outcomes and high parent engagement.
The region faces moderate wildfire risk due to its proximity to the foothills and the Pike National Forest. Residents are encouraged to maintain defensible space, and insurance premiums reflect the regional exposure to wind and hail events common in the Front Range.
Economic momentum is driven by the nearby Fort Carson military installation and the aerospace/defense sector in Colorado Springs. Development is largely infill-focused, with limited land availability for large-scale new construction.
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 commute via I-25, which provides direct access to downtown Colorado Springs and the northern employment hubs. Traffic congestion is common during peak hours, though the ZIP's location allows for relatively efficient access to the city's primary business corridors.
The area features exceptional access to outdoor amenities, including the Cheyenne Mountain State Park, Seven Bridges Trail, and the Broadmoor resort area. Shopping and dining are concentrated along the Nevada Avenue and Lake Avenue corridors.
The rental market is characterized by high demand and limited inventory, particularly for single-family homes. Vacancy rates remain low, and the area is popular with military personnel and professionals seeking proximity to the Broadmoor and downtown.
The economy is anchored by the defense industry, Fort Carson, and the hospitality sector centered around the Broadmoor resort. The area benefits from a stable employment base and proximity to the broader Colorado Springs business core.
Transportation is primarily automobile-dependent, with I-25 serving as the main north-south artery. Public transit options are limited, though the area is well-connected to the city's major road network.
Development is largely constrained by geography and existing zoning, with a focus on high-end residential renovations and limited new construction. No major large-scale commercial developments are currently active within the ZIP.
Parcels are primarily served by the Cheyenne Mountain School District 12 and various local water and sanitation districts. Some areas may be subject to specific metropolitan district taxes.
Property insurance premiums are rising due to regional wildfire and hail risks. Homeowners are advised to maintain comprehensive coverage and fire-mitigation measures.
Data retrieved from data.census.gov ZCTA 80906 profile.
- Great Wolf Lodge | Colorado Springs4.216.3 mi
- Cave of the Winds Mountain Park4.87.6 mi
- North Pole Colorado Santa’s Workshop4.610.9 mi
- Urban Air Trampoline and Adventure Park4.312.9 mi
- Air City 360 Trampoline and Adventure Park4.618.1 mi
- The Broadmoor World Arena4.44.9 mi
- Ford Amphitheater4.217.7 mi
- Topgolf4.318 mi
- Norris Penrose Event Center4.34.3 mi
- Garden of the Gods Resort4.47.8 mi
- Garden of the Gods4.97.3 mi
- Cheyenne Mountain Zoo4.81.4 mi
- Cave of the Winds Mountain Park4.87.6 mi
- The Broadmoor Seven Falls4.44.3 mi
- Garden of the Gods Visitor & Nature Center4.87.8 mi
- Garden of the Gods Visitor & Nature Center4.87.8 mi
- The Broadmoor Manitou and Pikes Peak Cog Railway4.56.8 mi
- Manitou Cliff Dwellings4.46.9 mi
- Garden of the Gods Trading Post4.76.8 mi
- U.S. Olympic & Paralympic Museum4.75.2 mi
- Garden of the Gods4.97.3 mi
- The Broadmoor Seven Falls4.44.3 mi
- Garden of the Gods Visitor & Nature Center4.87.8 mi
- Manitou Incline4.97.1 mi
- Red Rock Canyon4.85.9 mi
- The Broadmoor4.72.4 mi
- Patty Jewett Golf Course4.47.7 mi
- Valley Hi Golf Course3.97.1 mi
- World Golf & Sand Creek Golf Course4.511 mi
- Cherokee Ridge Golf Course4.411.1 mi
- The Citadel Mall3.88.4 mi
- T.J. Maxx & HomeGoods4.212.2 mi
- Asian Pacific Market4.49.3 mi
- Fort Carson Main Exchange4.45 mi
- King Soopers4.26 mi
- Colorado Springs Airport4.69.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive hiking and biking trails with mountain views.
Historic luxury resort featuring golf, dining, and events.
Popular scenic hiking destination in the foothills.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.