ZIP Code · CO

ZIP 80907

Pop. 27,815·El Paso County·141st most expensive ZIP in Colorado
Median rent (all units)
$1,565/mo
Year-over-Year
+1.5%
Month-over-Month
-0.5%
vs US Median
-$367
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 80907 · $1,565
More affordable than 68% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$990
1 BR
$1,210
2 BR
$1,430
3 BR
$1,990
4 BR+
$2,260
Research median
$1,430/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

Cheapest month to sign

December. Asking rents in ZIP 80907 usually run 0.8% below trend in December and 1% above it in August, about $28 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 80907 is 0.5% below its high of $1,573 in August 2026, at $1,565 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80907 changed +1.5% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 80907 rose 34.7% while median household income rose 46% ($50,966 to $74,402). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 80907 is 28.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($74,402) is $1,860 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,430); a 3-bedroom is $1,990.

Rank in Colorado Springs

7th cheapest of 21 ZIP codes in Colorado Springs.

Cheaper nearby

ZIP 80909, 3 miles away, rents for 18% less ($1,276/mo), about $3,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80907. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,780/yr
At $1,565/mo median
Location
StateCO
CountyEl Paso County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.5% YoY, -0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 80907 (Colorado Springs, CO) is majority owner-occupied, skews toward younger working-age adults, 41.7% of residents hold a bachelor's degree or higher.

Population
27,815
Median income
$74,402
Median age
37.5
Renters
44.1%
Age distribution
15.6%
30.3%
22.9%
19.7%
Under 1815.6%
18–3430.3%
35–5422.9%
55–6411.6%
65+19.7%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
78%
14.8%
White78%
Black2.9%
Hispanic14.8%
Asian1.9%
Other2.4%
Education (25+)
21.3%
31.3%
41.7%
No HS diploma5.7%
HS diploma21.3%
Some college31.3%
Bachelor's+41.7%
Housing tenure
55.9%
44.1%
Owner55.9%
Renter44.1%

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

2021 vs 2026

How ZIP 80907 in Colorado Springs, CO has changed in 5 years

Rent
$1,333 → $1,565
up 17.4%
Income
$59,412 → $74,402
up 25.2%
Population
28,549 → 27,815
down 2.6%
Renter share
45% → 44.1%
-0.9 pts
Bachelor's+
36.6% → 41.7%
+5.1 pts

Across the past five years, the going rent in ZIP 80907 in Colorado Springs, CO has shifted from $1,333 to $1,565, up 17.4% since 2021. Household income in the area moved from $59,412 to $74,402 across the same window, up 25.2% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 80907 in Colorado Springs, CO losing about 734 residents over the five-year window, down 2.6% on net. Bachelor's-degree-or-higher attainment moved from 36.6% to 41.7% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 80907 in Colorado Springs, CO look reasonable against where the market sat half a decade ago.

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About renting in ZIP 80907

Last updated: October 17, 2026

ZIP code 80907 covers Colorado Springs, CO. The median rent here is $1,565/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,430/mo.

At 25% of local median household income ($74,402/yr), ZIP 80907 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80907?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,565/mo in ZIP 80907. The local median household income is $74,402/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80907?

Rent in ZIP 80907 has risen 1.5% over the past year as of September 2026. It sits 0.5% below its high of $1,573 in August 2026.

When is the cheapest time to rent in ZIP 80907?

Asking rents in ZIP 80907 are usually lowest in December, about 0.8% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $28 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 80907?

No. From 2019 to 2024, rent in ZIP 80907 rose 34.7% while median household income rose 46%, from $50,966 to $74,402. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80907 compare to other ZIPs in Colorado?

ZIP 80907 is one of the more affordable among Colorado ZIP codes for rent, ranking #141 of 168 at $1,565/mo. Over the year to September 2026, rent in ZIP 80907 changed +1.5%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80907 compare to the rest of Colorado Springs?

At $1,565/mo, ZIP 80907 is $152 below the Colorado Springs citywide median of $1,717/mo. It is the 7th cheapest of 21 ZIP codes in Colorado Springs.
Income Affordability
25%
AFFORDABLE

At $1,565/mo, rent takes ~25% of ZIP 80907's median household income ($74,402/yr). The standard benchmark is 30%.

ZIP 80907 25%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80907 (Colorado Springs, CO)

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