80906, Colorado Springs, CO

The Colorado Springs home equity market is one of the most active and competitive in the state. The median home value in the 80906 zip code was $257,500 as of September 2017, which is above the statewide median of $221,500. The average home price in this zip code has increased by 5.1% over the past year and by 9.5% over the past three years.

There are a number of factors that have contributed to this high demand for homes in the 80906 zip code, including strong job growth (4th highest rate in Colorado) and an influx of new residents due to increasing population density within close proximity to major employment centers such as downtown Colorado Springs and Fort Carson. Additionally, many families are choosing to live closer to schools and other amenities since Colorado Springs offers a wide range of recreational opportunities, including world-renowned ski resorts like Aspen and Vail as well as popular golf courses like Pikes Peak Golf Club and Eldorado Golf Club.

Despite these positive trends, there are also some potential risks associated with buying a home in this area. For example, although prices have been on the rise for several years now, there is always a risk that they could fall suddenly due to any number of factors (e.g., economic recession or sudden increase in interest rates). Additionally, since there is such high demand for homes in this area, it can be difficult to find one that meets your specific needs or budget – especially if you're looking for something more affordable than what's currently available on the market.