ZIP 80916
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 80916 usually run 0.7% below trend in January and 0.5% above it in May, about $18 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 80916 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 80916 changed +4.9% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.
From 2019 to 2024, rent in ZIP 80916 rose 37.8% while median household income rose 32% ($50,866 to $67,127). Rent outpaced income.
Rent in ZIP 80916 is 38.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($67,127) is $1,678 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,650); a 3-bedroom is $2,290.
5th cheapest of 21 ZIP codes in Colorado Springs.
ZIP 80909, 5 miles away, rents for 16% less ($1,276/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 80916. 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.
Who lives here
ZIP 80916 (Colorado Springs, CO) is roughly split between renters and owners, skews toward younger working-age adults, 19.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 80916 in Colorado Springs, CO has changed in 5 years
Rent in ZIP 80916 in Colorado Springs, CO has increased 27.1% since 2021, going from about $1,194 per month to roughly $1,518 today. Median household income grew from $53,984 to $67,127 between 2021 and 2024, a 24.3% shift. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17% to 19.1%. Taken together, the five-year picture in ZIP 80916 in Colorado Springs, CO reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 80916
Last updated: October 17, 2026
ZIP code 80916 covers Colorado Springs, CO. The median rent here is $1,518/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,650/mo.
At 27% of local median household income ($67,127/yr), ZIP 80916 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.
Frequently asked questions
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How does ZIP 80916 compare to other ZIPs in Colorado?
How does ZIP 80916 compare to the rest of Colorado Springs?
At $1,518/mo, rent takes ~27% of ZIP 80916's median household income ($67,127/yr). The standard benchmark is 30%.
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