ZIP 80906 - 860Z200US80906 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 80906, located in the Colorado Springs area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 37,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics—population, income, housing costs, and diversity—to help you make informed decisions.

Population & Households

ZIP 80906 is home to 37,403 residents, making it a moderately sized community with a strong residential base. These individuals are spread across 15,387 households, reflecting a vibrant area with a mix of families, singles, and retirees. The total number of housing units stands at 16,771, indicating some availability of vacant or seasonal properties. This balance between population and housing suggests a stable community with room for growth, appealing to those looking to settle or invest in a dynamic area.

Income & Housing Costs

The median household income in ZIP 80906 is $88,047, pointing to a relatively affluent population with solid purchasing power. This income level supports a robust local economy, which can be a draw for small businesses and service providers. On the housing front, the median home value is $543,400, reflecting a premium market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,634 per month, indicating a competitive rental market that could offer opportunities for landlords or signal caution for cost-conscious tenants.

Race & Ethnicity

The demographic makeup of ZIP 80906 showcases a diverse community with a majority white population at 69.53%. Hispanic residents make up 17.84%, contributing significantly to the cultural fabric of the area. Black residents account for 4.06%, and Asian residents comprise 3.24%, rounding out a varied population. This diversity can enrich community life, offering a blend of perspectives and opportunities for businesses catering to different cultural needs or preferences.

Key Facts

• Total population: 37,403 residents in 2023.
• Total households: 15,387, supporting a mix of family and individual living arrangements.
• Total housing units: 16,771, with some potential for vacant or investment properties.
• Median household income: $88,047, indicating strong local earning capacity.
• Median home value: $543,400, reflecting a high-value real estate market.
• Median rent: $1,634, suggesting a competitive rental landscape.
• Racial composition: 69.53% white, 17.84% Hispanic, 4.06% Black, 3.24% Asian.

What This Means for You

For homebuyers, ZIP 80906 offers a premium housing market with a median value of $543,400, ideal for those seeking a long-term investment in a stable, affluent area. The diversity and population size suggest a welcoming community with amenities to match. However, be prepared for higher entry costs, and consider working with a local agent to find value-aligned properties.

For investors and real estate agents, the gap between total housing units (16,771) and households (15,387) hints at potential for rental or flip opportunities. The median rent of $1,634 also supports a strong rental yield, though competition may be stiff. Focus on properties that cater to the area’s diverse demographic or growing families.

For small-business owners, the median income of $88,047 signals a customer base with disposable income, ideal for retail, dining, or service-based ventures. The cultural diversity (notably 17.84% Hispanic) also opens doors for niche markets or culturally tailored offerings. Location near residential hubs will be key to capturing foot traffic.

For analysts, these metrics provide a foundation for deeper market studies. The income-to-housing cost ratio and demographic trends can inform forecasts for growth, housing demand, or economic shifts in ZIP 80906.

Run This Study Yourself

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