Village Seven, Colorado Springs, CO—80917
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Village Seven, Colorado Springs, CO
As of Oct '25, the median home price in Village Seven, Colorado Springs, CO is $394,000, with a year-over-year change of -3.2%. This indicates that home prices in Village Seven, Colorado Springs, CO are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $394,000 | -3.2% |
| Single Family | $401,000 | -2.9% |
| Condos | $230,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $208,000 | 5.1% |
2 Bed | $260,000 | -6.1% |
3 Bed | $385,000 | -3.0% |
4 Bed | $432,000 | -2.5% |
| 5 Bed | $460,000 | -2.3% |
% of Housing Stock
Rental Trends — Village Seven, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in Village Seven, Colorado Springs, CO is $1,580, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Village Seven, Colorado Springs, CO is studios: $968, 1-bedrooms: $1,310, 2-bedrooms: $1,640, 3-bedrooms: $2,110, 4-bedrooms: $2,430. The most common rental property sizes in Village Seven, Colorado Springs, CO are 2-bedroom and 1-bedroom, accounting for 45.0% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,560 | $1,580 |
| Studio Rent | $995 | $968 |
| 1 Bed Rent | $1,300 | $1,310 |
| 2 Bed Rent | $1,640 | $1,640 |
| 3 Bed Rent | $2,080 | $2,110 |
| 4 Bed Rent | $2,380 | $2,430 |
% of Rental Stock
Property Listings — Village Seven, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Village Seven, Colorado Springs, CO is 62. This is a increase of 18.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 3.0% |
Listing Count | 148 | 2.0% |
| Listings as % of Homes | 0.5% | 2.0% |
Days on Market | 62 | 18.0% |
Demographics — Village Seven, Colorado Springs, CO
As of the latest ACS Survey released in 2023, Village Seven, Colorado Springs, CO has a population of 31,000, which has decreased by -1.8% over the past 5 years. Village Seven, Colorado Springs, CO is a moderately popular place for families, as children make up 20.3% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,000 | -1.8% |
% Under 18 | 20.3% | -7.7% |
% Seniors | 16.8% | 9.1% |
% WFH | 11.6% | 58.9% |
% w/ College Degree | 34.6% | 8.8% |
As of the latest ACS Survey released in 2023, Village Seven, Colorado Springs, CO is a predominantly white area, with 70.6% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Village Seven, Colorado Springs, CO is hispanic, making up 17.4% of the population. Foreign-born residents account for 6.0% of the population in Village Seven, Colorado Springs, CO, and this percentage has decreased by 4.8% 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 | 70.6% | 4.0% |
% Black | 4.7% | -26.6% |
% Hispanic | 17.4% | 2.4% |
% Asian | 2.3% | -8.0% |
% Foreign Born | 6.0% | -4.8% |
Mortgage and Risk — Village Seven, Colorado Springs, CO
According to HUD data as of 2023, there were 706 mortgage originations in Village Seven, Colorado Springs, CO, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Village Seven, Colorado Springs, CO. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 706 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Village Seven, Colorado Springs, CO
As of 2024, the percent of homes in Village Seven, Colorado Springs, CO under the Section 8 program is 3.3%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Village Seven, Colorado Springs, CO, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 296 |
Total Units Section 8 | 173 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,300 | $1,330 |
| 2 Bedroom | -$30 | $1,640 | $1,610 |
| 3 Bedroom | $180 | $2,080 | $2,260 |
| 4 Bedroom | $200 | $2,380 | $2,580 |
Affordability — Village Seven, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $394,000 |
| Median Household Income | $72,800 |