How much is a home worth in ZIP code 80831?

The typical home in 80831 is worth $544,199, based on the Zillow Home Value Index.

Are home values rising in 80831?

Home values in 80831 are down 2.5% over the past year, and up 2.6% a year over five years.

What is the typical rent in 80831?

A typical home in 80831 rents for about $2,610 a month, a gross rental yield of 5.8%.

What is the property tax rate in 80831?

The effective property tax rate in 80831 is 0.5% — roughly $2,645 a year on a typical home.

ZIP code 80831 has a population of 33,912 and a median household income of $132,467.

HousingHandbookReference data

…

U.S. ZIP Code · CO80831

El Paso County · Colorado Springs, CO

Typical home value

$544,199^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.5%
5-year / yr: +2.6%
10-year / yr: +5.7%

Relative price

vs U.S.: +91.6%
vs metro: +20.8%
vs state: +8.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 80831 is worth $544,199 — 20.8% above the Colorado Springs, CO median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $2,610 a month — a 5.8% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,610^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,645^[3]

#Climate risk

FEMA National Risk Index ratings for El Paso County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively High
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Not Applicable
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Very High

#Who lives here

Population: 33,912^[3]
Median household income: $132,467^[3]

#Migration

Household moves in and out of El Paso County over a year, from IRS tax-return data.

Net migration: +927^[5]
Moved in: 28,475
Moved out: 27,548

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 6
Middle: 2
High: 3

Falcon High School
High · Grades 9–12 · El Paso County Colorado School District 49
1,263 students
Falcon Middle School
Middle · Grades 6–8 · El Paso County Colorado School District 49
878 students
Meridian Ranch Elementary School
Elementary · Grades PK–5 · El Paso County Colorado School District 49
670 students
Woodmen Hills Elementary School
Elementary · Grades PK–5 · El Paso County Colorado School District 49
632 students
Liberty Tree Academy
Other · Grades K–12 · El Paso County Colorado School District 49
592 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$31,319

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,752

Loan principal$435,359

Down payment$108,840

Total interest paid$555,277

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.31

Monthly cost to own$3,427

Monthly rent$2,610

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 42nd percentile^[1]
Rental yield: 85th percentile^[2]
Property tax: 86th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 80831?: The typical home in 80831 is worth $544,199, based on the Zillow Home Value Index.
Are home values rising in 80831?: Home values in 80831 are down 2.5% over the past year, and up 2.6% a year over five years.
What is the typical rent in 80831?: A typical home in 80831 rents for about $2,610 a month, a gross rental yield of 5.8%.
What is the property tax rate in 80831?: The effective property tax rate in 80831 is 0.5% — roughly $2,645 a year on a typical home.
Who lives in 80831?: ZIP code 80831 has a population of 33,912 and a median household income of $132,467.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

80829 vs 80831 →
Manitou Springs, CO
Typical home
$550,736
Gross yield
3.0%
80863 vs 80831 →
Woodland Park, CO
Typical home
$535,323
Gross yield
4.7%
80906
Colorado Springs, CO
Typical home
$529,962
Gross yield
3.7%
80920
Colorado Springs, CO
Typical home
$526,733
Gross yield
4.5%
80133
Palmer Lake, CO
Typical home
$523,505
Gross yield
—
80809
Cascade-Chipita Park CDP, CO
Typical home
$508,906
Gross yield
—

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#Jump to section

U.S. ZIP Code · CO80831

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