How much is a home worth in ZIP code 80908?

The typical home in 80908 is worth $679,960, based on the Zillow Home Value Index.

Are home values rising in 80908?

Home values in 80908 are down 1.1% over the past year, and up 3.6% a year over five years.

What is the typical rent in 80908?

A typical home in 80908 rents for about $2,283 a month, a gross rental yield of 4.0%.

What is the property tax rate in 80908?

The effective property tax rate in 80908 is 0.4% — roughly $3,019 a year on a typical home.

ZIP code 80908 has a population of 25,486 and a median household income of $133,965.

HousingHandbookReference data

…

U.S. ZIP Code · CO80908

El Paso County · Colorado Springs, CO

Typical home value

$679,960^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.1%
5-year / yr: +3.6%
10-year / yr: +6.2%

Relative price

vs U.S.: +139.4%
vs metro: +50.9%
vs state: +35.5%

Price history

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

The typical home in 80908 is worth $679,960 — 50.9% above the Colorado Springs, CO median. Over the past year, values have fallen 1.1%. Homes here rent for a typical $2,283 a month — a 4.0% 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: $2,283^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 0.4%^[3]
Typical annual tax: $3,019^[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: 25,486^[3]
Median household income: $133,965^[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: 5
Elementary: 4
Middle: 0
High: 1

Pine Creek High School
High · Grades 9–12 · Academy School District No. 20 in the county of El Paso an
1,913 students
Grand Peak Academy
Elementary · Grades K–8 · El Paso County Colorado School District 49
631 students
Encompass Heights Elementary School
Elementary · Grades PK–5 · Academy School District No. 20 in the county of El Paso an
556 students
Edith Wolford Elementary School
Elementary · Grades PK–5 · Academy School District No. 20 in the county of El Paso an
371 students
Ray E Kilmer Elementary School
Elementary · Grades PK–6 · Lewis-Palmer Consolidated School District No. 38 in the co
324 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 yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$27,393

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$3,438

Loan principal$543,968

Down payment$135,992

Total interest paid$693,801

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 ratio1.86

Monthly cost to own$4,254

Monthly rent$2,283

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: 94th percentile^[1]
Rental yield: 35th percentile^[2]
Property tax: 72nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 80908?: The typical home in 80908 is worth $679,960, based on the Zillow Home Value Index.
Are home values rising in 80908?: Home values in 80908 are down 1.1% over the past year, and up 3.6% a year over five years.
What is the typical rent in 80908?: A typical home in 80908 rents for about $2,283 a month, a gross rental yield of 4.0%.
What is the property tax rate in 80908?: The effective property tax rate in 80908 is 0.4% — roughly $3,019 a year on a typical home.
Who lives in 80908?: ZIP code 80908 has a population of 25,486 and a median household income of $133,965.

#Comparable ZIPs

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

80924 vs 80908 →
Colorado Springs, CO
Typical home
$659,028
Gross yield
3.4%
80926 vs 80908 →
Colorado Springs, CO
Typical home
$658,767
Gross yield
—
80921
Colorado Springs, CO
Typical home
$722,181
Gross yield
3.1%
80132
Monument, CO
Typical home
$758,298
Gross yield
3.4%
80919
Colorado Springs, CO
Typical home
$593,444
Gross yield
3.2%
80829
Manitou Springs, CO
Typical home
$550,736
Gross yield
3.0%

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Pit ZIP 80908 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CO80908

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