Colorado Springs, CO · Colorado

El Paso County

ZIP 80918

736,008 residents5,586 permits TTM$87,470 median HHI41 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$431,000

ACS 5-Year

Cap rate proxy

4.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

22.1%

HUD FMR ÷ ACS HHI

Net migration

+2.95%

IRS SOI

Permits (TTM)

5,586

Census BPS

Climate risk

94.1

FEMA NRI (0–100)

ZIP 80918

Median home value

$431,897

Gross yield

5.0%

Cap rate

4.1%

Rent gap

17.5%

Affordability

P/I: 4.9R/I: 20.3%

Section 8 detail

SAFMR: $1,790Rent: $1,609Gap: 11.2%
ZIP code breakdown41 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
80951$427,517$2,3206.5%4.5%30.6%
80938$431,000county est.$2,3906.7%4.5%32.7%
80840$431,000county est.$2,3206.5%4.5%30.6%
80916$340,178$1,6505.8%5.7%2.0%
80929$431,000county est.$2,2706.3%4.5%29.1%

Ranked by composite score

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Demographics

Owner-occupied

66.4%

Census ACS

Vacancy rate

4.6%

Census ACS

Bachelor's degree +

41.1%

Census ACS

Rent burdened

51.6%

Census ACS (>30% income)

Median age

35.0

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026