How much is a home worth in ZIP code 80923?

The typical home in 80923 is worth $469,260, based on the Zillow Home Value Index.

Are home values rising in 80923?

Home values in 80923 are down 2.2% over the past year, and up 2.7% a year over five years.

What is the typical rent in 80923?

A typical home in 80923 rents for about $1,983 a month, a gross rental yield of 5.1%.

What is the property tax rate in 80923?

The effective property tax rate in 80923 is 0.4% — roughly $2,056 a year on a typical home.

ZIP code 80923 has a population of 31,772 and a median household income of $101,565.

HousingHandbookReference data

…

U.S. ZIP Code · CO80923

El Paso County · Colorado Springs, CO

Typical home value

$469,260^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.2%
5-year / yr: +2.7%
10-year / yr: +5.9%

Relative price

vs U.S.: +65.2%
vs metro: +4.1%
vs state: -6.5%

Price history

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

The typical home in 80923 is worth $469,260 — 4.1% above the Colorado Springs, CO median. Over the past year, values have fallen 2.2%. Homes here rent for a typical $1,983 a month — a 5.1% 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: $1,983^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 0.4%^[3]
Typical annual tax: $2,056^[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: 31,772^[3]
Median household income: $101,565^[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: 6
Elementary: 3
Middle: 2
High: 1

Vista Ridge High School
High · Grades 9–12 · El Paso County Colorado School District 49
1,479 students
Skyview Middle School
Middle · Grades 6–8 · El Paso County Colorado School District 49
876 students
Jenkins Middle School
Middle · Grades 6–8 · Colorado Springs School District No. 11 in the county of E
797 students
Scott Elementary School
Elementary · Grades PK–5 · Colorado Springs School District No. 11 in the county of E
539 students
Pioneer Technology and Arts Academy
Elementary · Grades K–8 · El Paso County Colorado School District 49
501 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 yield5.1%

Net yield (after ~40% expenses)3.0%

Annual rent$23,799

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$2,373

Loan principal$375,408

Down payment$93,852

Total interest paid$478,812

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 ratio1.48

Monthly cost to own$2,936

Monthly rent$1,983

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: 50th percentile^[1]
Rental yield: 58th percentile^[2]
Property tax: 64th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 80923?: The typical home in 80923 is worth $469,260, based on the Zillow Home Value Index.
Are home values rising in 80923?: Home values in 80923 are down 2.2% over the past year, and up 2.7% a year over five years.
What is the typical rent in 80923?: A typical home in 80923 rents for about $1,983 a month, a gross rental yield of 5.1%.
What is the property tax rate in 80923?: The effective property tax rate in 80923 is 0.4% — roughly $2,056 a year on a typical home.
Who lives in 80923?: ZIP code 80923 has a population of 31,772 and a median household income of $101,565.

#Comparable ZIPs

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

80808 vs 80923 →
Ellicott CDP, CO
Typical home
$477,072
Gross yield
—
80816 vs 80923 →
Florissant CDP, CO
Typical home
$454,334
Gross yield
—
80922
Colorado Springs, CO
Typical home
$450,563
Gross yield
5.5%
80925
Colorado Springs, CO
Typical home
$448,944
Gross yield
6.5%
80904
Colorado Springs, CO
Typical home
$444,747
Gross yield
4.0%
80918
Colorado Springs, CO
Typical home
$439,327
Gross yield
4.2%

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

Compare ZIPs

Pit ZIP 80923 against any other ZIP — full side-by-side table.

Compare 80923 →

#Jump to section

U.S. ZIP Code · CO80923

Get more data on ZIPs like this

Get more data on ZIPs like this