Which Areas in Colorado Springs Have Appreciated the Most?
Colorado Springs and the Pikes Peak region have experienced positive appreciation in our local real estate market for the last 10-years straight. Some areas have appreciated much faster than others.
If you're looking to buy a home in the fastest appreciating areas, this resource will help you determine where to invest your time. We gathered data from every zip code around El Paso and Teller Counties to determine which zip codes appreciate at the highest rate. The results are interesting.
It's hard to determine appreciation rates by sales prices alone, so we combine the median sales price with the price-per-square-foot to get the most accurate results. We placed all of the data in a spreadsheet below to study it to make your conclusions.
You can click on each zip code to view homes for sale in that area and become familiar with the different parts of town.
2021 Zip Code Appreciation Map


# | Zip Code | 2015 Price | 2020 Price | Price Increase | 2015 PPSF | 2020 PPSF | PPSF Increase | OVERALL INCREASE |
---|---|---|---|---|---|---|---|---|
1 | 80910 | $135,000 | $270,000 | 100% | $90 | $163 | 81.1% | 90.6% |
2 | 80909 | $175,000 | $300,000 | 71.4% | $98 | $166 | 69.4% | 70.4% |
3 | 80915 | $178,950 | $300,750 | 68.1% | $100 | $170 | 70.0% | 69.0% |
4 | 80903 | $200,000 | $330,900 | 65.5% | $134 | $224 | 67.2% | 66.3% |
5 | 80917 | $185,000 | $315,000 | 70.3% | $102 | $161 | 57.8% | 64.1% |
6 | 80817 | $195,450 | $316,000 | 61.7% | $95 | $157 | 65.3% | 63.5% |
7 | 80863 | $252,000 | $425,000 | 68.7% | $122 | $192 | 57.4% | 63.0% |
8 | 80916 | $159,235 | $237,750 | 49.3% | $94 | $165 | 75.5% | 62.4% |
9 | 80907 | $207,000 | $333,000 | 60.9% | $119 | $194 | 63.0% | 61.9% |
10 | 80106 | $354,000 | $583,000 | 64.7% | $117 | $185 | 58.1% | 64.1% |
11 | 80918 | $212,950 | $345,000 | 62.0% | $103 | $162 | 57.3% | 59.6% |
12 | 80911 | $189,900 | $295,000 | 55.3% | $99 | $161 | 62.6% | 59.0% |
13 | 80904 | $217,500 | $355,000 | 63.2% | $136 | $204 | 50.0% | 56.6% |
14 | 80905 | $207,967 | $330,000 | 58.7% | $128 | $197 | 53.9% | 56.3% |
15 | 80906 | $255,120 | $395,000 | 54.8% | $114 | $174 | 52.6% | 53.7% |
16 | 80951 | $219,900 | $334,000 | 51.9% | $99 | $152 | 53.5% | 52.7% |
17 | 80922 | $224,900 | $340,000 | 51.2% | $98 | $147 | 50.0% | 50.6% |
18 | 80923 | $238,000 | $364,900 | 53.3% | $105 | $154 | 46.7% | 50.0% |
19 | 80809 | $280,000 | $377,500 | 34.8% | $126 | $208 | 65.1% | 50.0% |
20 | 80829 | $280,000 | $432,000 | 54.3% | $156 | $226 | 44.9% | 49.6% |
21 | 80133 | $259,000 | $376,950 | 45.5% | $127 | $194 | 52.8% | 49.1% |
22 | 80925 | $245,190 | $355,000 | 44.8% | $96 | $147 | 53.1% | 49.0% |
23 | 80919 | $300,000 | $443,000 | 47.7% | $108 | $157 | 45.4% | 46.5% |
24 | 80920 | $270,000 | $400,000 | 48.1% | $106 | $149 | 40.6% | 44.4% |
25 | 80831 | $281,000 | $399,925 | 42.3% | $95 | $136 | 43.2% | 42.7% |
26 | 80908 | $361,625 | $499,925 | 38.2% | $112 | $163 | 45.5% | 41.9% |
27 | 80921 | $384,986 | $552,364 | 43.5% | $111 | $155 | 39.6% | 41.6% |
28 | 80132 | $388,000 | $550,000 | 41.8% | $113 | $159 | 40.7% | 41.2% |
29 | 80927 | $308,135 | $400,000 | 29.8% | $104 | $146 | 40.4% | 35.1% |
30 | 80924 | $385,000 | $506,110 | 31.5% | $113 | $148 | 31.0% | 31.2% |
* The column that says "PPSF" stands for price-per-square-foot. The sales prices are taken from the median sales price for each zip code.
As you'll notice from the infographic above, different neighborhoods in Colorado Springs have varying results in market appreciation. Some areas will appreciate twice as fast as others. One thing is sure; every part of Colorado Springs has appreciated well. The lowest zip code on the list still increased by 31.2% over the last five years.
Black Knight, INC., shows that the average inflation rate for real estate in America hovers around 3.9%. Our lowest appreciating zip code in Colorado Springs appreciated at a rate of 6.24% per year. Every zip code in Colorado Springs gained equity at a rate higher than the national average for the last five years. That's an impressive claim.
How fast are home prices rising in Colorado Springs?
Let's take a look at the last ten years of sales history in the Pikes Peak region to understand better exactly how much our market has grown. These numbers are current as of March 2021.
Colorado Springs Median Sales Price Over the Last 10-Years
Notice how Colorado Springs has appreciated nearly every year since 2012. By 2015, we were back to the same median home price as before the Great Recession. This steady increase is the reason why we decided to go five years back in our research. This period is beneficial for determining the best areas to buy a home based on market appreciation.
Why are home prices rising so fast?
The supply of available homes for sale in Colorado Springs is way too low to meet home buyers' demand. Let's take a look at the last ten years of available homes for sale in Colorado Springs. This chart represents the amount of active listing every March for the last 10-years.
Colorado Springs Active Listings in March Over the Last 10-Years
Look at the dramatic drop in inventory for March 2021. This is the main reason why Colorado Springs and the Pikes Peak area have experienced skyrocketing sales prices. The housing market can not sustain this kind of inventory shortage without dramatically affecting the local market.
What facts are revealed from the Appreciation Map?
We find three main points of interest most relevant from the data that we have collected.
- The top 5 zip codes are all close to downtown Colorado Springs.
- The zip codes with the most expensive homes were typically near the bottom of the list.
- The zip codes with the most newly built neighborhoods tend to appreciate slower than others.
These facts are true for most cities. Homes that are near the epicenter of the city tend to have higher demand. Homes in the upper price ranges tend to have less demand, as fewer people can afford them. Also, homes that are newly built sell for 10% to 20% more than existing homes, so they tend to appreciate slower in the first few years.
There are more interesting facts that we can gather from this data. For instance, if a person bought two investment properties near downtown 5-years ago, they experienced a better appreciation rate than someone who bought a high-end home in a new community at the same time.
Is the Colorado Springs Real Estate Market Expected to Continue These Trends?
Everyone wants to know the answer to this question, but the honest answer is that no one knows. This data is provided as a point of reference to reflect on, but not as a guarantee of what's to come in the future.
Many people predict another market crash sometime within the next year or more, which would change appreciation rates. If that does happen, you can be sure that we will publish a depreciation map to help you keep track of the changes.
This data does not guarantee that you can invest in real estate near downtown Colorado Springs and do better than you would in Northgate or Black Forest. It's general information over every home sold within our local MLS. Multiple factors can change the outcome of a home's appreciation, which is not a part of this study.
Within every area, there are always specific deals that do not conform to these averages. We advise you to work with a great Realtor who knows the market well and can help you navigate each area to ensure that you make the best decisions.
What's the Real Estate Market like right now in Colorado Springs?
Every month, we put out the Colorado Springs Market Insider. You can view it by clicking the image below. You'll find the most recent housing market statistics for Colorado Springs right here.
If you subscribe to any of our social media profiles, you'll receive our newest videos in your news feed as soon as we post them. Our website and Facebook page are the best ways to stay up-to-date with our crazy market shifts.
Click below to follow us on any of these social platforms to stay updated.
We also recommend finding an excellent Realtor with enough experience to navigate our current market conditions. Many buyers are losing out on accepted offers right now. The skillset and expertise of your Realtor have never been as vital as they are right now.
Whether you are buying or selling a home, you need an excellent Realtor. Finding the right agent will be one of the critical factors to your success in this crazy real estate market.

Hi! 👋 I'm Andrew Fortune, the founder of Great Colorado Homes and the creator of this website. I'm also a Realtor in Colorado Springs. Thank you for taking the time to read this blog post. I appreciate your time spent on this site and am always open to suggestions and ideas from our readers. You can connect with me on Facebook, Instagram, or contact me through this website. I'd love to hear from you.
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