Manitou Springs 80829

Colorado Springs, CO · El Paso County, CO · 3,143 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

35affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
39.3%
severe
Days on market
45
daily
Price cuts
31.9%
of active
Valuation
-6%
vs assessor
Look up an address
45
/100
mixed
stable · balanced · prices rising year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

64/ 100SellerBalancedBuyer
Negotiate Hard
Needs 23.7% correction for affordability
Score Components
Payment Burden (25%)75
Valuation Gap (25%)60
Supply & Demand (20%)40
Buy vs Rent (15%)100
Cancellation Rate (10%)50
Days on Market (5%)40

Moderate buyer leverage in 80829. Room to negotiate 5-10% below list. Payment burden: 39.4% of median income. A 11% price correction needed to reach 30% affordability threshold. Median days on market: 45. Renting is approximately 184% cheaper than buying (price-to-rent ratio: 34.1). Market appears 12% overpriced vs. assessed values.

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$553,659
▴ 0.3% YoY
Days on market
45
daily · zip_data
Median rent
$1,352
ZORI
Investor score
30/100
cash-flow lens
Active listings
38
90-day

Valuation3 lenses, different anchors

vs assessor
-6.0%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$520,678
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+61.5%
County-wide market — the widest, slowest signal.
El Paso+61.5%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$227
Price-to-income6.5×

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How 80829 ranks in CO
percentile vs all CO ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

53SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply4.7 mo
Days on Market45d
Inv vs History+22.4%
Listing Density14.6/1k
Market dynamics
Price cut %31.9%
Momentumstable
LeverageBALANCED
Months of supply4.7
Sales (90d)0
Investment analysis
Median rent$1,352
Price-to-rent34.1
Est. cap rate1.9%
Buy vs rentfavors renting

Livability

Walk score14
Transit score
Bike score

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El Paso County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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