How much is a home worth in ZIP code 80906?

The typical home in 80906 is worth $529,962, based on the Zillow Home Value Index.

Are home values rising in 80906?

Home values in 80906 are down 1.4% over the past year, and up 2.7% a year over five years.

What is the typical rent in 80906?

A typical home in 80906 rents for about $1,622 a month, a gross rental yield of 3.7%.

What is the property tax rate in 80906?

The effective property tax rate in 80906 is 0.4% — roughly $2,259 a year on a typical home.

ZIP code 80906 has a population of 37,502 and a median household income of $89,984.

HousingHandbookReference data

…

U.S. ZIP Code · CO80906

El Paso County · Colorado Springs, CO

Typical home value

$529,962^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +2.7%
10-year / yr: +5.6%

Relative price

vs U.S.: +86.6%
vs metro: +17.6%
vs state: +5.6%

Price history

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

The typical home in 80906 is worth $529,962 — 17.6% above the Colorado Springs, CO median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,622 a month — a 3.7% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent: $1,622^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 0.4%^[3]
Typical annual tax: $2,259^[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: 37,502^[3]
Median household income: $89,984^[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: 18
Elementary: 8
Middle: 2
High: 5

Cheyenne Mountain High School
High · Grades 9–12 · Cheyenne Mountain School District No. 12 in the county of E
1,268 students
Harrison High School
High · Grades 9–12 · Harrison School District No. 2 in the county of El Paso an
1,143 students
The Vanguard School (Elementary)
Elementary · Grades K–6 · Harrison School District No. 2 in the county of El Paso an
1,000 students
Gold Camp Elementary School
Elementary · Grades K–6 · Cheyenne Mountain School District No. 12 in the county of E
451 students
Fox Meadow Middle School
Middle · Grades 6–8 · Harrison School District No. 2 in the county of El Paso an
407 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 yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$19,462

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$2,680

Loan principal$423,970

Down payment$105,992

Total interest paid$540,750

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 ratio2.04

Monthly cost to own$3,311

Monthly rent$1,622

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: 53rd percentile^[1]
Rental yield: 19th percentile^[2]
Property tax: 50th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 80906?: The typical home in 80906 is worth $529,962, based on the Zillow Home Value Index.
Are home values rising in 80906?: Home values in 80906 are down 1.4% over the past year, and up 2.7% a year over five years.
What is the typical rent in 80906?: A typical home in 80906 rents for about $1,622 a month, a gross rental yield of 3.7%.
What is the property tax rate in 80906?: The effective property tax rate in 80906 is 0.4% — roughly $2,259 a year on a typical home.
Who lives in 80906?: ZIP code 80906 has a population of 37,502 and a median household income of $89,984.

#Comparable ZIPs

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

80920 vs 80906 →
Colorado Springs, CO
Typical home
$526,733
Gross yield
4.5%
80863 vs 80906 →
Woodland Park, CO
Typical home
$535,323
Gross yield
4.7%
80133
Palmer Lake, CO
Typical home
$523,505
Gross yield
—
80831
Colorado Springs, CO
Typical home
$544,199
Gross yield
5.8%
80829
Manitou Springs, CO
Typical home
$550,736
Gross yield
3.0%
80809
Cascade-Chipita Park CDP, CO
Typical home
$508,906
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 80906 against any other ZIP — full side-by-side table.

Compare 80906 →

#Jump to section

U.S. ZIP Code · CO80906

Get more data on ZIPs like this

Get more data on ZIPs like this