South Circle, Colorado Springs, CO—80910
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Circle, Colorado Springs, CO
As of Oct '25, the median home price in South Circle, Colorado Springs, CO is $316,000, with a year-over-year change of -4.5%. This indicates that home prices in South Circle, Colorado Springs, CO are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | -4.5% |
| Single Family | $324,000 | -3.9% |
| Condos | $182,000 | -10.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $168,000 | -4.5% |
2 Bed | $254,000 | -5.2% |
3 Bed | $322,000 | -4.2% |
4 Bed | $356,000 | -3.3% |
| 5 Bed | $380,000 | -3.8% |
% of Housing Stock
Rental Trends — South Circle, Colorado Springs, CO
As of July '25, Rentcast reports the average rent in South Circle, Colorado Springs, CO is $1,350, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in South Circle, Colorado Springs, CO is studios: $958, 1-bedrooms: $994, 2-bedrooms: $1,340, 3-bedrooms: $2,050, 4-bedrooms: $2,210. The most common rental property sizes in South Circle, Colorado Springs, CO are 2-bedroom and 1-bedroom, accounting for 39.6% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,350 |
| Studio Rent | $899 | $958 |
| 1 Bed Rent | $949 | $994 |
| 2 Bed Rent | $1,220 | $1,340 |
| 3 Bed Rent | $2,000 | $2,050 |
| 4 Bed Rent | $2,180 | $2,210 |
% of Rental Stock
Property Listings — South Circle, Colorado Springs, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in South Circle, Colorado Springs, CO is 65. This is a increase of 20.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -5.0% |
Listing Count | 158 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 65 | 20.0% |
Demographics — South Circle, Colorado Springs, CO
As of the latest ACS Survey released in 2023, South Circle, Colorado Springs, CO has a population of 31,800, which has increased by 5.4% over the past 5 years. South Circle, Colorado Springs, CO is a moderately popular place for families, as children make up 23.0% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | 5.4% |
% Under 18 | 23.0% | -14.2% |
% Seniors | 13.9% | 18.8% |
% WFH | 9.4% | 291.7% |
% w/ College Degree | 25.2% | 56.5% |
As of the latest ACS Survey released in 2023, South Circle, Colorado Springs, CO is a predominantly white area, with 43.7% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in South Circle, Colorado Springs, CO is hispanic, making up 33.3% of the population. Foreign-born residents account for 11.4% of the population in South Circle, Colorado Springs, CO, and this percentage has decreased by 13.0% 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 | 43.7% | -1.4% |
% Black | 12.6% | -6.7% |
% Hispanic | 33.3% | -7.2% |
% Asian | 2.6% | 30.0% |
% Foreign Born | 11.4% | -13.0% |
Mortgage and Risk — South Circle, Colorado Springs, CO
According to HUD data as of 2023, there were 588 mortgage originations in South Circle, Colorado Springs, CO, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in South Circle, 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 | 588 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — South Circle, Colorado Springs, CO
As of 2024, the percent of homes in South Circle, Colorado Springs, CO under the Section 8 program is 8.5%. 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 South Circle, 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 | 744 |
Total Units Section 8 | 615 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $361 | $949 | $1,310 |
| 2 Bedroom | $360 | $1,220 | $1,580 |
| 3 Bedroom | $210 | $2,000 | $2,210 |
| 4 Bedroom | $350 | $2,180 | $2,530 |
Affordability — South Circle, Colorado Springs, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $316,000 |
| Median Household Income | $56,700 |