The story of this market
The typical home in ZIP 80107 sells for about $650,000, or $229 per square foot.
Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $2,650 a month.
ZIP 80107 — Elizabeth
The 80107 housing market is currently balanced, with supply and demand in equilibrium. Median home prices remain elevated compared to broader state averages, driven by demand for rural residential properties. Some figures, such as specific tax rates and historical price trajectories, were not available at the ZIP level and have been omitted.
This ZIP is best suited for family buyers and those seeking a rural or semi-rural lifestyle with larger lot sizes, who are willing to accept longer commute times to major employment hubs.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 58 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 2.6% — a stable, low-distress profile.
ZCTA 80107
The area is served by the Elizabeth C-1 School District, which provides public education for the community.
The area is subject to standard regional wildfire and wind risks common to the Colorado Front Range and rural Elbert County.
Development momentum is driven by residential expansion, including several approved and pending plats for new single-family subdivisions and rural residential communities.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000).
Residents typically rely on personal vehicles for commuting, with travel times to employment centers in the Denver metro area often exceeding 45-60 minutes.
The area features rural landscapes, open spaces, and local parks, with limited high-density shopping or entertainment districts within the immediate 3-mile radius.
The rental market is characterized by single-family home offerings with limited multi-family inventory, reflecting a suburban-to-rural lifestyle preference.
The local economy is primarily driven by small businesses, agriculture, and services, with many residents commuting to the broader Denver-Aurora-Centennial metro area for employment.
Transportation is heavily reliant on private vehicle use via state highways; there is no significant public transit infrastructure serving the area.
The development pipeline is active with multiple residential plats under review, including significant single-family subdivisions like Crescence and The Estates at Cypress Ridge.
The Elbert County Assessor manages property valuations for tax purposes based on market assessments.
Parcels are subject to various special districts, including the Elizabeth C-1 School District and local utility/service districts.
Property insurance premiums are influenced by regional wildfire risk and the rural nature of the geography.
Data retrieved from Census Reporter and GreatData.com.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.