Simla, CO—80835
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Simla, CO
As of Oct '25, the median home price in Simla, CO is $330,000, with a year-over-year change of 4.0%. This indicates that home prices in Simla, CO are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | 4.0% |
| Single Family | $331,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 1.6% |
3 Bed | $360,000 | 1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Simla, CO
Simla, CO lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Simla, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Simla, CO is 104. This is a increase of 96.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | 53.0% |
Listing Count | 5 | -31.0% |
| Listings as % of Homes | 1.9% | -31.0% |
Days on Market | 104 | 96.0% |
Demographics — Simla, CO
As of the latest ACS Survey released in 2023, Simla, CO has a population of 791, which has decreased by -16.5% over the past 5 years. Simla, CO is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 791 | -16.5% |
% Under 18 | 26.7% | -12.7% |
% Seniors | 15.0% | 16.3% |
% WFH | 16.7% | 83.5% |
% w/ College Degree | 23.3% | -24.1% |
As of the latest ACS Survey released in 2023, Simla, CO is a predominantly white area, with 77.5% of the population identifying as white. The white population has shrunk by 17.4% in the last 5 years. The second most common race or ethnicity in Simla, CO is black, making up 5.6% of the population. Foreign-born residents account for 0.0% of the population in Simla, CO, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.5% | -17.4% |
% Black | 5.6% | ∞% |
% Hispanic | 5.1% | -5.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Simla, CO
According to HUD data as of 2023, there were 40 mortgage originations in Simla, CO, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Simla, CO. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 40 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Simla, CO
Simla, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,260 |
| 2 Bedroom | N/A | N/A | $1,510 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,210 |
Affordability — Simla, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $330,000 |
| Median Household Income | $75,500 |