Mountain Shadows, Colorado Springs, CO—80919
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mountain Shadows, Colorado Springs, CO
As of Oct '25, the median home price in Mountain Shadows, Colorado Springs, CO is $588,000, with a year-over-year change of -0.9%. This indicates that home prices in Mountain Shadows, Colorado Springs, CO are flat. 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 | $588,000 | -0.9% |
| Single Family | $607,000 | -0.7% |
| Condos | $282,000 | -4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $246,000 | -5.7% |
2 Bed | $303,000 | -4.1% |
3 Bed | $491,000 | -1.6% |
4 Bed | $624,000 | -0.5% |
| 5 Bed | $730,000 | -0.8% |
% of Housing Stock
Rental Trends — Mountain Shadows, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in Mountain Shadows, Colorado Springs, CO is $1,820, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Mountain Shadows, Colorado Springs, CO is studios: $1,300, 1-bedrooms: $1,410, 2-bedrooms: $1,660, 3-bedrooms: $2,410, 4-bedrooms: $2,740. The most common rental property sizes in Mountain Shadows, Colorado Springs, CO are 2-bedroom and 1-bedroom, accounting for 47.0% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,820 |
| Studio Rent | $1,270 | $1,300 |
| 1 Bed Rent | $1,400 | $1,410 |
| 2 Bed Rent | $1,650 | $1,660 |
| 3 Bed Rent | $2,500 | $2,410 |
| 4 Bed Rent | $2,600 | $2,740 |
% of Rental Stock
Property Listings — Mountain Shadows, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Mountain Shadows, Colorado Springs, CO is 61. This is a increase of 14.0% 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 | $590,000 | 15.0% |
Listing Count | 146 | 1.0% |
| Listings as % of Homes | 0.6% | 1.0% |
Days on Market | 61 | 14.0% |
Demographics — Mountain Shadows, Colorado Springs, CO
As of the latest ACS Survey released in 2023, Mountain Shadows, Colorado Springs, CO has a population of 27,500, which has decreased by -2.2% over the past 5 years. Mountain Shadows, Colorado Springs, CO is a moderately popular place for families, as children make up 20.9% of the population. The area has a highly educated workforce, with 61.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -2.2% |
% Under 18 | 20.9% | 1.5% |
% Seniors | 18.5% | 5.7% |
% WFH | 23.2% | 154.9% |
% w/ College Degree | 61.6% | 2.2% |
As of the latest ACS Survey released in 2023, Mountain Shadows, Colorado Springs, CO is a predominantly white area, with 74.9% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Mountain Shadows, Colorado Springs, CO is hispanic, making up 13.4% of the population. Foreign-born residents account for 6.2% of the population in Mountain Shadows, Colorado Springs, CO, and this percentage has increased by 6.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.9% | -11.3% |
% Black | 2.5% | 25.0% |
% Hispanic | 13.4% | 47.3% |
% Asian | 2.4% | 41.2% |
% Foreign Born | 6.2% | 6.9% |
Mortgage and Risk — Mountain Shadows, Colorado Springs, CO
According to HUD data as of 2023, there were 646 mortgage originations in Mountain Shadows, Colorado Springs, CO, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Mountain Shadows, Colorado Springs, CO. Investor activity is low, as 2.0% 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 | 646 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Mountain Shadows, Colorado Springs, CO
As of 2024, the percent of homes in Mountain Shadows, Colorado Springs, CO under the Section 8 program is 0.5%. 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. In Mountain Shadows, 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 | 22 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,400 | $1,630 |
| 2 Bedroom | $320 | $1,650 | $1,970 |
| 3 Bedroom | $260 | $2,500 | $2,760 |
| 4 Bedroom | $550 | $2,600 | $3,150 |
Affordability — Mountain Shadows, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $588,000 |
| Median Household Income | $116,000 |