ZIP Code · CO

ZIP 80831

Part of Peyton, CO

Pop. 33,912·El Paso County·19th most expensive ZIP in Colorado

Median rent (all units)

$2,686/mo

Year-over-Year

+3.7%

Month-over-Month

+0.1%

vs US Median

+$754

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 80831 · $2,686

More expensive than 84% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,750

1 BR

$2,140

2 BR

$2,530

3 BR

$3,520

4 BR+

$4,000

Research median

$2,530/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Colorado

Rent in ZIP 80831 changed +3.7% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($132,467) is $3,312 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,530); a 3-bedroom is $3,520.

From Zillow's monthly rent index (ZORI) for ZIP 80831. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$32,232/yr

At $2,686/mo median

Location

CityPeyton

StateCO

CountyEl Paso County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.7% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 80831 (Peyton, CO) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 38.3% of residents hold a bachelor's degree or higher.

Population

33,912

Median income

$132,467

Median age

38.3

Renters

7.8%

Age distribution

27.6%

16.7%

30.3%

13%

12.3%

Under 1827.6%

18–3416.7%

35–5430.3%

55–6413%

65+12.3%

Gender

52.1%

47.9%

Male52.1%

Female47.9%

Race & ethnicity

75.9%

White75.9%

Black5.3%

Hispanic11.2%

Asian1.5%

Other6.1%

Education (25+)

18%

41.5%

38.3%

No HS diploma2.3%

HS diploma18%

Some college41.5%

Bachelor's+38.3%

Housing tenure

92.2%

Owner92.2%

Renter7.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 80831 in Peyton, CO has changed in 5 years

Income

$111,856 → $132,467

up 18.4%

Population

30,879 → 33,912

up 9.8%

Renter share

7% → 7.8%

+0.8 pts

Bachelor's+

43% → 38.3%

-4.7 pts

Household income in the area moved from $111,856 to $132,467 across the same window, up 18.4% versus 2021. Census counts show ZIP 80831 in Peyton, CO adding about 3,033 residents over the five-year window, up 9.8% on net. Bachelor's-degree-or-higher attainment moved from 43% to 38.3% across the same window.

Community

Discussions about ZIP 80831

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Local insights

Tips for renters in ZIP 80831

About renting in ZIP 80831

Last updated: October 17, 2026

ZIP code 80831 covers Peyton, CO. The median rent here is $2,686/mo as of October 2026. A 1-bedroom rents for a median of $2,140/mo. A 2-bedroom rents for a median of $2,530/mo.

At 24% of local median household income ($132,467/yr), ZIP 80831 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80831?

To keep rent at or below 30% of gross income, you would need to earn at least $107,000/year (about $51/hour full-time) to afford the median rent of $2,686/mo in ZIP 80831. The local median household income is $132,467/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80831?

Rent in ZIP 80831 has risen 3.7% over the past year.

How does ZIP 80831 compare to other ZIPs in Colorado?

ZIP 80831 is one of the pricier among Colorado ZIP codes for rent, ranking #19 of 168 at $2,686/mo. Over the year to September 2026, rent in ZIP 80831 changed +3.7%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.