Knob Hill, Colorado Springs, CO—80909
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Knob Hill, Colorado Springs, CO
As of Oct '25, the median home price in Knob Hill, Colorado Springs, CO is $364,000, with a year-over-year change of -3.4%. This indicates that home prices in Knob Hill, 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 | $364,000 | -3.4% |
| Single Family | $366,000 | -3.2% |
| Condos | $172,000 | -9.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $234,000 | -4.5% |
2 Bed | $293,000 | -3.9% |
3 Bed | $353,000 | -3.6% |
4 Bed | $400,000 | -3.4% |
| 5 Bed | $432,000 | -3.1% |
% of Housing Stock
Rental Trends — Knob Hill, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in Knob Hill, Colorado Springs, CO is $1,210, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Knob Hill, Colorado Springs, CO is studios: $778, 1-bedrooms: $969, 2-bedrooms: $1,240, 3-bedrooms: $1,820, 4-bedrooms: $2,340. The most common rental property sizes in Knob Hill, Colorado Springs, CO are 2-bedroom and 1-bedroom, accounting for 38.8% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,070 | $1,210 |
| Studio Rent | $799 | $778 |
| 1 Bed Rent | $925 | $969 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,850 | $1,820 |
| 4 Bed Rent | $2,300 | $2,340 |
% of Rental Stock
Property Listings — Knob Hill, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Knob Hill, Colorado Springs, CO is 57. This is a increase of 24.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | -1.0% |
Listing Count | 152 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 57 | 24.0% |
Demographics — Knob Hill, Colorado Springs, CO
As of the latest ACS Survey released in 2023, Knob Hill, Colorado Springs, CO has a population of 36,200, which has decreased by -7.5% over the past 5 years. Knob Hill, Colorado Springs, CO is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,200 | -7.5% |
% Under 18 | 18.5% | -17.0% |
% Seniors | 17.7% | 12.0% |
% WFH | 11.8% | 151.1% |
% w/ College Degree | 27.6% | 6.6% |
As of the latest ACS Survey released in 2023, Knob Hill, Colorado Springs, CO is a predominantly white area, with 64.6% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Knob Hill, Colorado Springs, CO is hispanic, making up 20.5% of the population. Foreign-born residents account for 5.0% of the population in Knob Hill, Colorado Springs, CO, and this percentage has decreased by 27.5% 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 | 64.6% | 1.3% |
% Black | 6.3% | -8.7% |
% Hispanic | 20.5% | -15.3% |
% Asian | 1.2% | 9.1% |
% Foreign Born | 5.0% | -27.5% |
Mortgage and Risk — Knob Hill, Colorado Springs, CO
According to HUD data as of 2023, there were 627 mortgage originations in Knob Hill, Colorado Springs, CO, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Knob Hill, Colorado Springs, CO. Investor activity is low, as 3.0% 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 | 627 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Knob Hill, Colorado Springs, CO
As of 2024, the percent of homes in Knob Hill, Colorado Springs, CO under the Section 8 program is 5.9%. 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. In Knob Hill, Colorado Springs, CO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 626 |
Total Units Section 8 | 414 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $305 | $925 | $1,230 |
| 2 Bedroom | $280 | $1,200 | $1,480 |
| 3 Bedroom | $220 | $1,850 | $2,070 |
| 4 Bedroom | $70 | $2,300 | $2,370 |
Affordability — Knob Hill, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $364,000 |
| Median Household Income | $61,800 |