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Rental Insights for ZIP Code 80908 (Colorado Springs, CO)

Housing Rentals in ZIP Code 80908 (Colorado Springs, CO)

80908 ZIP Code in Colorado

Everything to Know About Rentals in the U.S. ZIP Code 80908

ZIP Code 80908 is primarily associated with Colorado Springs, CO in El Paso County. The median housing rent in this Colorado region is estimated at $1,975 per month. About 7.6% of housing units in this El Paso County ZIP Code are renter-occupied. Additionally, the region has an approximate rental vacancy rate of 10.4%.

The median rent in ZIP Code 80908 of $1,975 per month is 55% higher than the aggregate Colorado median monthly rent of $1,271, and is 86% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 29.8% of residents in ZIP Code 80908 pay between $1,500 and $1,999 per month for rent. That is 32% higher than in Colorado overall, in which 22.5% of total state residents pay between $1,500 and $1,999 per month for housing. Just 4.0% of renters in ZIP Code 80908 pay between $500 and $999 per month for housing.

ZIP Code 80908 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 80908

See the chart below for a comparison of monthly rental costs in ZIP Code 80908, Colorado, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 80908 along with those in the state of Colorado and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 80908

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 80908 Colorado U.S.
Less than $500 0.0% 6.3% 9.4%
$500 to $999 4.0% 23.8% 36.2%
$1,000 to $1,499 17.7% 35.3% 30.0%
$1,500 to $1,999 29.8% 22.5% 14.0%
$2,000 to $2,499 27.8% 8.1% 5.6%
$2,500 to $2,999 20.7% 2.5% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 80908

Renters in ZIP Code 80908 use an estimated 30.77% of their income to cover their monthly rent payments. That is about 1% higher than in Colorado overall. The estimate for Colorado overall is 30.4% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 80908 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 80908 come in higher than in Colorado as a whole. The median annual household income in ZIP Code 80908 of $110,768 sits approximately 53% higher than the overall Colorado median income of $72,331 and approximately 76% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 80908

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 80908, Colorado, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 80908 along with the same calculations in the state of Colorado and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 80908

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 80908 Colorado U.S.
Less than 15.0 percent 10.1% 10.5% 13.1%
15.0 to 19.9 percent 8.6% 12.8% 12.9%
20.0 to 24.9 percent 18.9% 13.6% 12.9%
25.0 to 29.9 percent 8.8% 12.2% 11.6%
30.0 to 34.9 percent 11.6% 9.8% 9.1%
35.0 percent or more 41.9% 41.2% 40.5%

Household Income in ZIP Code 80908

See the table below for the regional comparison of annual household income in ZIP Code 80908.

Income ZIP 80908 Colorado U.S.
Less than $10,000 1.1% 4.8% 6.0%
$10,000 to $14,999 0.5% 3.2% 4.3%
$15,000 to $24,999 2.6% 7.0% 8.9%
$25,000 to $34,999 3.8% 7.6% 8.9%
$35,000 to $49,999 6.2% 11.6% 12.3%
$50,000 to $74,999 13.6% 17.4% 17.2%
$75,000 to $99,999 14.9% 13.8% 12.7%
$100,000 to $149,999 25.2% 17.6% 15.1%
$150,000 to $199,999 13.0% 8.2% 6.8%
$200,000 or more 19.2% 8.8% 7.7%

Household Income in ZIP Code 80908

See the chart below for a comparison of annual household income figures in ZIP Code 80908, Colorado, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 80908 alongside the same figures for the state of Colorado and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 80908

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 80908.

ZIP 80908 Colorado U.S.
Median Housing Rent $1,975 $1,271 $1,062
Renter-Occupied Housing Units 7.6% 34.8% 36.0%
Rental Vacancy Rate 10.4% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.40 2.39 2.49
Average # of Bedrooms Per Unit 3.99 2.89 2.75
Percent of Income Spent on Rent 30.77% 30.4% 29.83%
Per Capita Income $48,088 $38,226 $34,103
Median Household Income $137,105 $96,970 $88,607
Living Below the Poverty Line 0.2% 6.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 80908

In ZIP Code 80908 (Colorado Springs, CO), and estimated 7.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 10.4%.

The per capita income in 80908 is estimated at $48,088, which goes along with an estimated median household income of $137,105. About 0.2% of residents in this El Paso County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.40 occupants, while the units have an aggregate average size of 3.99 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.77% of their income on housing rental costs.

Rental FAQs for ZIP Code 80908

1

What is the median monthly rent in ZIP Code 80908?

Median rent for housing in ZIP Code 80908 in El Paso County in Colorado is approximately $1,975 per month.
2

Is it expensive to rent in ZIP Code 80908?

Rent in ZIP Code 80908 is higher than average in the state of Colorado overall. The median monthly rent of $1,975 in ZIP Code 80908 is approximately 55% higher than the Colorado median of $1,271. Additionally, median rent in this Colorado Springs, CO region ($1,975) is about 86% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 80908?

High-priced rentals are not common in the Colorado Springs, CO ZIP Code of 80908, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Colorado overall, approximately 1.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 80908?

Affordable rentals are less common in ZIP Code 80908 than in Colorado overall. The percentage of housing rentals in ZIP Code 80908 costing $999 or less per month (4%) is approximately 87% lower than the Colorado rate of 30.1% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 91% higher than the previously mentioned 80908 rate of 4%.
5

What is the most common cost range that rentals fall into in ZIP Code 80908?

The most common range for rental cost in ZIP Code 80908 is between $1,500 and $1,999 per month. About 29.8% of renters in 80908 pay in this range for monthly rent. In comparison, approximately 22.5% of renters in the state of Colorado fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 80908 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 80908 is higher than the rental vacancy rate in the state of Colorado overall. Rental vacancy of 10.4% in ZIP Code 80908 is about 117% higher than the Colorado rate of 4.8%. Looking more broadly, rental vacancy in this Colorado Springs, CO region (10.4%) is an estimated 73% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 80908? How does it compare to other Colorado regions?

Median household income in ZIP Code 80908 is higher than in the state of Colorado overall. Annual household income of $110,768 in ZIP Code 80908 is about 53% higher than the Colorado median of $72,331. Additionally, median household income in this Colorado Springs, CO region ($110,768) is approximately 76% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 80908 spend on housing costs?

Renters in ZIP Code 80908 spend a higher amount of their income on rent costs than do renters in Colorado overall. Renters in ZIP Code 80908 spend an estimated 30.77% of their income on rent payments, which is about 1% higher than the overall Colorado estimated rate of 30.4%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 3% lower than the ZIP Code 80908 estimated rate of 30.77%.
9

Do renters in ZIP Code 80908 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 80908 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 80908 spending 30 percent or more of their income on rent costs (53.5%) is approximately 5% higher than the Colorado rate of 51% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 8% lower than the aforementioned 80908 rate of 53.5%.
10

What is the average household size of renter-occupied units in ZIP Code 80908?

The average household size of renter-occupied units in ZIP Code 80908 is higher than in the state of Colorado overall. Annual household size of 2.40 in ZIP Code 80908 is about 0% higher than the Colorado median of 2.39. Additionally, median household size in this Colorado Springs, CO region (2.40) is approximately 4% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Colorado ZIP Codes