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  5. /Village Seven, Colorado Springs, CO - 80917

Village Seven, Colorado Springs, CO—80917

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$398,000
1.2% YoY Growth
Household Income
$72,800
31.1% YoY Growth
Days on Market
46
4.0% Shorter YoY
Home Price Forecast
-1.1%
Median Rent
$1,560
0.6% YoY Growth
1-Bed Rent
$1,300
0.8% YoY Growth
2-Bed Rent
$1,640
1.2% YoY Growth
3-Bed Rent
$2,080
0.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Village Seven, Colorado Springs, CO

As of May '26, the median home price in Village Seven, Colorado Springs, CO is $398,000, with a year-over-year change of -1.2%. This indicates that home prices in Village Seven, 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 TypeMedian Home ValueYoY % Change
All Homes
$398,000-1.2%
Single Family $407,000-1.0%
Condos $215,000-4.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $219,000
    N/A
    2 Bed
    		$249,000-5.3%
    3 Bed
    		$388,000-1.0%
    4 Bed
    		$437,000-0.7%
    5 Bed $467,390-0.3%
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    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    13.5%
    2 Bedrooms
    29.3%
    3 Bedrooms
    26.7%
    4 Bedrooms
    20.3%
    5+ Bedrooms
    8.4%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.8%
    1 Bedroom
    31.6%
    2 Bedrooms
    45.0%
    3 Bedrooms
    11.2%
    4 Bedrooms
    5.5%
    5+ Bedrooms
    2.9%

    Property Listings — Village Seven, Colorado Springs, CO

    As of May '26, Realtor.com reports that the median days on market for a home in Village Seven, Colorado Springs, CO is 46. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$349,0006.0%
    Listing Count
    		129-8.0%
    Listings as % of Homes0.5%-8.0%
    Days on Market
    		46-4.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$398,000
    Median Household Income$72,800

    Village Seven, Colorado Springs, CO — ZIP Code Boundary Map

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    Frequently Asked Questions