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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +3.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −47.6% YoY, is the number to watch.
The median listing price is up 3.8% YoY while the median home got up 8.1% bigger, so value per square foot is down 7.4%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $477K purchase rents for $2,495/mo: 0.52% of price per month against the 1% rule's 1.00%.
Not shown: 4 BR (sale only, no matching rent).
Sales here take about 69 days longer to go under contract than rentals.
Not shown: Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 80938 itself, not its parent county.
Renters hold 5.8% of this ZIP's 485 occupied households, on a median household income of $108K.
| Measure | ZIP 80938 | El Paso County | Difference |
|---|---|---|---|
| Median Household Income | $108K | $90K | +$18K |
| Below Poverty Level | 5.6% | 8.5% | -2.9% |
| Median Age | 29.50 | 35.10 | -5.60 |
| Total Population | 1,664 | 742,999 | -- |
| Avg Household Size | 3.43 | 2.48 | +0.95 |
| Owner-Occupied | 94.2% | 66.2% | +28.0% |
| Worked From Home | 35.1% | 16.8% | +18.3% |
| Mean Commute | 16.40 | 23.50 | -7.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.9% to 742,999: residents under 18 are down 0.4% and those 65 and over are up 3.6%.
County median household income is $90K, 8.5% of residents are below the poverty level, 16.8% work from home.