Downtown, Colorado Springs, CO—80903
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Colorado Springs, CO
As of Oct '25, the median home price in Downtown, Colorado Springs, CO is $380,000, with a year-over-year change of -3.4%. This indicates that home prices in Downtown, Colorado Springs, CO are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $380,000 | -3.4% |
| Single Family | $382,000 | -3.3% |
| Condos | $339,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $280,000 | -3.1% |
2 Bed | $339,000 | -4.2% |
3 Bed | $423,000 | -3.2% |
4 Bed | $518,000 | -1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in Downtown, Colorado Springs, CO is $1,810, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in Downtown, Colorado Springs, CO is studios: $1,470, 1-bedrooms: $1,700, 2-bedrooms: $2,320, 3-bedrooms: $2,120, 4-bedrooms: $2,830. The most common rental property sizes in Downtown, Colorado Springs, CO are 2-bedroom and 1-bedroom, accounting for 40.1% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,670 | $1,810 |
| Studio Rent | $1,470 | $1,470 |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $2,400 | $2,320 |
| 3 Bed Rent | $2,000 | $2,120 |
| 4 Bed Rent | $2,600 | $2,830 |
% of Rental Stock
Property Listings — Downtown, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Colorado Springs, CO is 51. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | 0.0% |
Listing Count | 92 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 51 | -29.0% |
Demographics — Downtown, Colorado Springs, CO
As of the latest ACS Survey released in 2023, Downtown, Colorado Springs, CO has a population of 17,000, which has increased by 9.8% over the past 5 years. Downtown, Colorado Springs, CO is a less popular place for families, as children make up 10.7% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | 9.8% |
% Under 18 | 10.7% | -12.3% |
% Seniors | 14.5% | 9.8% |
% WFH | 14.5% | 113.2% |
% w/ College Degree | 39.5% | -5.0% |
As of the latest ACS Survey released in 2023, Downtown, Colorado Springs, CO is a predominantly white area, with 68.8% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Downtown, Colorado Springs, CO is hispanic, making up 15.4% of the population. Foreign-born residents account for 4.9% of the population in Downtown, Colorado Springs, CO, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.8% | -7.2% |
% Black | 8.9% | 36.9% |
% Hispanic | 15.4% | 25.2% |
% Asian | 1.7% | -29.2% |
% Foreign Born | 4.9% | 0.0% |
Mortgage and Risk — Downtown, Colorado Springs, CO
According to HUD data as of 2023, there were 207 mortgage originations in Downtown, Colorado Springs, CO, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Downtown, Colorado Springs, CO. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Downtown, Colorado Springs, CO
As of 2024, the percent of homes in Downtown, Colorado Springs, CO under the Section 8 program is 11.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Downtown, Colorado Springs, CO, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 601 |
Total Units Section 8 | 517 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 84.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,700 | $1,310 |
| 2 Bedroom | -$820 | $2,400 | $1,580 |
| 3 Bedroom | $210 | $2,000 | $2,210 |
| 4 Bedroom | -$70 | $2,600 | $2,530 |
Affordability — Downtown, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $380,000 |
| Median Household Income | $59,300 |