Northgate, Colorado Springs, CO—80921
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northgate, Colorado Springs, CO
As of Oct '25, the median home price in Northgate, Colorado Springs, CO is $717,000, with a year-over-year change of -0.1%. This indicates that home prices in Northgate, Colorado Springs, CO are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $717,000 | -0.1% |
| Single Family | $718,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $521,000 | -0.8% |
3 Bed | $538,000 | -1.5% |
4 Bed | $711,000 | -0.3% |
| 5 Bed | $822,000 | -0.4% |
% of Housing Stock
Rental Trends — Northgate, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in Northgate, Colorado Springs, CO is $2,110, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Northgate, Colorado Springs, CO is studios: $1,490, 1-bedrooms: $1,620, 2-bedrooms: $2,070, 3-bedrooms: $2,520, 4-bedrooms: $3,010. The most common rental property sizes in Northgate, Colorado Springs, CO are 2-bedroom and 1-bedroom, accounting for 38.6% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,930 | $2,110 |
| Studio Rent | $1,470 | $1,490 |
| 1 Bed Rent | $1,600 | $1,620 |
| 2 Bed Rent | $1,990 | $2,070 |
| 3 Bed Rent | $2,390 | $2,520 |
| 4 Bed Rent | $2,950 | $3,010 |
% of Rental Stock
Property Listings — Northgate, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Northgate, Colorado Springs, CO is 76. This is a increase of 25.0% 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 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 | $800,000 | 3.0% |
Listing Count | 151 | 13.0% |
| Listings as % of Homes | 0.7% | 13.0% |
Days on Market | 76 | 25.0% |
Demographics — Northgate, Colorado Springs, CO
As of the latest ACS Survey released in 2023, Northgate, Colorado Springs, CO has a population of 25,200, which has increased by 6.7% over the past 5 years. Northgate, Colorado Springs, CO is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 64.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,200 | 6.7% |
% Under 18 | 24.2% | -14.8% |
% Seniors | 18.6% | 45.3% |
% WFH | 27.9% | 181.8% |
% w/ College Degree | 64.3% | 1.3% |
As of the latest ACS Survey released in 2023, Northgate, Colorado Springs, CO is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Northgate, Colorado Springs, CO is hispanic, making up 7.5% of the population. Foreign-born residents account for 7.4% of the population in Northgate, Colorado Springs, CO, and this percentage has increased by 12.1% 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 | 78.2% | -5.1% |
% Black | 1.9% | -38.7% |
% Hispanic | 7.5% | 15.4% |
% Asian | 5.3% | 35.9% |
% Foreign Born | 7.4% | 12.1% |
Mortgage and Risk — Northgate, Colorado Springs, CO
According to HUD data as of 2023, there were 564 mortgage originations in Northgate, Colorado Springs, CO, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Northgate, Colorado Springs, CO. Investor activity is low, as 1.0% 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 | 564 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Northgate, Colorado Springs, CO
As of 2024, the percent of homes in Northgate, Colorado Springs, CO under the Section 8 program is 0.2%. 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 Northgate, 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 | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,600 | $1,970 |
| 2 Bedroom | $390 | $1,990 | $2,380 |
| 3 Bedroom | $940 | $2,390 | $3,330 |
| 4 Bedroom | $860 | $2,950 | $3,810 |
Affordability — Northgate, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $717,000 |
| Median Household Income | $144,000 |