ZIP 80907 - 860Z200US80907 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 80907 in Colorado Springs, Colorado, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in this area. Whether you’re a homebuyer looking for affordability, an investor seeking growth potential, or a small-business owner evaluating market opportunities, these insights will help you make informed decisions about ZIP 80907.

Population & Households

ZIP 80907 is home to a population of 27,135 residents as of 2023. This community supports 12,599 households, reflecting a mix of families, singles, and retirees. With 13,250 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to purchase property. This balance between population and housing units suggests a stable residential area with room for moderate growth.

Income & Housing Costs

The median household income in ZIP 80907 stands at $71,393, which points to a relatively comfortable economic environment for many residents. This income level can support a range of lifestyles and offers a solid foundation for local businesses targeting middle-income consumers. On the housing front, the median house value is $371,200, reflecting a competitive yet accessible market for homebuyers in the Colorado Springs region. For renters, the median rent is $1,392 per month, which aligns with the income levels and suggests that renting remains a viable option for those not ready to buy. These figures provide a benchmark for assessing affordability and investment potential in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 80907 is predominantly White, with 77.26% of the population identifying as such. Hispanic or Latino residents make up 12.29%, while Black or African American residents account for 3.21%, and Asian residents represent 1.55%. This composition reflects a community with a strong White majority but also a notable presence of diverse ethnic groups, particularly Hispanic residents. For businesses and investors, this diversity can inform marketing strategies or community engagement efforts tailored to the cultural fabric of the area.

Key Facts

• Total population in ZIP 80907: 27,135 residents as of 2023.
• Total households: 12,599, indicating a mix of family and individual living arrangements.
• Total housing units: 13,250, suggesting some availability for new occupants or investors.
• Median household income: $71,393, supporting a middle-income lifestyle.
• Median house value: $371,200, competitive for the Colorado Springs area.
• Median rent: $1,392 per month, aligning with local income levels.
• Racial composition: 77.26% White, 12.29% Hispanic, 3.21% Black, 1.55% Asian.

What This Means for You

For homebuyers, ZIP 80907 offers a balanced market with a median house value of $371,200, which is within reach for many middle-income earners. The slight surplus of housing units compared to households suggests you might find available properties, though competition could still be present in desirable neighborhoods. Renters can expect reasonable costs at a median of $1,392 per month, making this area a practical choice if buying isn’t an immediate option.

Investors and real estate agents will note the potential in ZIP 80907’s housing stock and stable population of 27,135. The income levels and home values indicate a market with steady demand, particularly for single-family homes or rental properties catering to middle-income families. The diversity in the community also opens opportunities for targeted property developments or renovations that appeal to varied cultural preferences.

Small-business owners can leverage the demographic insights to tailor offerings to a predominantly White population with a significant Hispanic presence. With a median household income of $71,393, there’s purchasing power for goods and services, especially in sectors like retail, dining, or home improvement. Understanding the community’s makeup can help you position your business for success in this area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 80907? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.