Old Colorado City, Colorado Springs, CO—80904
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Colorado City, Colorado Springs, CO
As of Oct '25, the median home price in Old Colorado City, Colorado Springs, CO is $435,000, with a year-over-year change of -1.9%. This indicates that home prices in Old Colorado City, Colorado Springs, CO are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $435,000 | -1.9% |
| Single Family | $451,000 | -1.5% |
| Condos | $327,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $275,000 | -3.2% |
2 Bed | $341,000 | -2.8% |
3 Bed | $456,000 | -1.1% |
4 Bed | $595,000 | 0.2% |
| 5 Bed | $783,000 | 0.0% |
% of Housing Stock
Rental Trends — Old Colorado City, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in Old Colorado City, Colorado Springs, CO is $1,430, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Old Colorado City, Colorado Springs, CO is studios: $1,240, 1-bedrooms: $1,100, 2-bedrooms: $1,470, 3-bedrooms: $2,640, 4-bedrooms: $2,940. The most common rental property sizes in Old Colorado City, Colorado Springs, CO are 2-bedroom and 1-bedroom, accounting for 39.1% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,430 |
| Studio Rent | $1,500 | $1,240 |
| 1 Bed Rent | $995 | $1,100 |
| 2 Bed Rent | $1,460 | $1,470 |
| 3 Bed Rent | $2,150 | $2,640 |
| 4 Bed Rent | $2,750 | $2,940 |
% of Rental Stock
Property Listings — Old Colorado City, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Colorado City, Colorado Springs, CO is 58. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | -8.0% |
Listing Count | 136 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 58 | -1.0% |
Demographics — Old Colorado City, Colorado Springs, CO
As of the latest ACS Survey released in 2023, Old Colorado City, Colorado Springs, CO has a population of 21,400, which has increased by 5.6% over the past 5 years. Old Colorado City, Colorado Springs, CO is a less popular place for families, as children make up 11.9% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | 5.6% |
% Under 18 | 11.9% | -4.8% |
% Seniors | 25.1% | -0.8% |
% WFH | 17.5% | 136.5% |
% w/ College Degree | 45.3% | 13.3% |
As of the latest ACS Survey released in 2023, Old Colorado City, Colorado Springs, CO is a predominantly white area, with 75.7% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Old Colorado City, Colorado Springs, CO is hispanic, making up 13.6% of the population. Foreign-born residents account for 3.3% of the population in Old Colorado City, Colorado Springs, CO, and this percentage has decreased by 25.0% 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 | 75.7% | -10.3% |
% Black | 1.8% | 63.6% |
% Hispanic | 13.6% | 38.8% |
% Asian | 1.7% | 13.3% |
% Foreign Born | 3.3% | -25.0% |
Mortgage and Risk — Old Colorado City, Colorado Springs, CO
According to HUD data as of 2023, there were 447 mortgage originations in Old Colorado City, Colorado Springs, CO, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Old Colorado City, Colorado Springs, CO. Investor activity is low, as 3.0% 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 | 447 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Old Colorado City, Colorado Springs, CO
As of 2024, the percent of homes in Old Colorado City, Colorado Springs, CO under the Section 8 program is 2.5%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Old Colorado City, Colorado Springs, CO, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 247 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $295 | $995 | $1,290 |
| 2 Bedroom | $100 | $1,460 | $1,560 |
| 3 Bedroom | $40 | $2,150 | $2,190 |
| 4 Bedroom | -$250 | $2,750 | $2,500 |
Affordability — Old Colorado City, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $435,000 |
| Median Household Income | $69,600 |