HousingHandbookReference data

U.S. ZIP Code · CO80928

El Paso County · Colorado Springs, CO

Typical home value

$406,441[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.7%
5-year / yr
+3.7%
10-year / yr
+8.6%

Relative price

vs U.S.
+43.1%
vs metro
-9.8%
vs state
-19.0%
ZIP 80928 location in CO
Location of ZIP 80928 in CO

Price history

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

The typical home in 80928 is worth $406,441 — 9.8% below the Colorado Springs, CO median. Over the past year, values have risen 0.7%. The effective property tax rate is 0.3%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.3%[3]
Typical annual tax
$1,194[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
798[3]
Median household income
$122,679[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
2
Elementary
0
Middle
0
High
2
  • Hanover Junior-Senior High School

    High · Grades 6–12 · Hanover School District No. 28 in the county of El Paso an

    137 students

  • Hanover Online Academy

    High · Grades 6–12 · Hanover School District No. 28 in the county of El Paso an

    0 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$2,055
Loan principal$325,152
Down payment$81,288
Total interest paid$414,714

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.

Own : rent ratio
Monthly cost to own$2,492
Monthly rent

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
100th percentile[1]
Rental yield
[2]
Property tax
8th percentile[3]

Frequently asked

How much is a home worth in ZIP code 80928?
The typical home in 80928 is worth $406,441, based on the Zillow Home Value Index.
Are home values rising in 80928?
Home values in 80928 are up 0.7% over the past year, and up 3.7% a year over five years.
What is the property tax rate in 80928?
The effective property tax rate in 80928 is 0.3% — roughly $1,194 a year on a typical home.
Who lives in 80928?
ZIP code 80928 has a population of 798 and a median household income of $122,679.

#Comparable ZIPs

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

  • Colorado Springs, CO

    Typical home
    $403,243
    Gross yield
    4.8%
  • Colorado Springs, CO

    Typical home
    $399,096
    Gross yield
    3.7%
  • Fountain, CO

    Typical home
    $396,009
    Gross yield
    6.4%
  • Cascade-Chipita Park CDP, CO

    Typical home
    $394,616
    Gross yield
  • Colorado Springs, CO

    Typical home
    $385,089
    Gross yield
    5.3%
  • Colorado Springs, CO

    Typical home
    $430,919
    Gross yield
    6.7%

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