The story of this market
The typical home in ZIP 80117 sells for about $746,000, or $243 per square foot.
Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,217 a month.
ZIP 80117 — Kiowa
The housing market in 80117 is characterized by high-value, large-acreage residential properties with low turnover and a high owner-occupancy rate. Market activity is driven by rural lifestyle buyers, with limited inventory and a significant portion of the population working remotely. Figures for months of supply and sale-to-list ratios are not currently published for this specific ZIP code.
This ZIP is best suited for buyers seeking rural, large-lot residential properties and privacy, as it lacks the density and transit access preferred by urban commuters or renters.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 10 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.9% · poverty 12.0% — a stable, low-distress profile.
ZCTA 80117, Elbert County CO
The area is served by the Kiowa C-2 School District, which provides local elementary, middle, and high school education.
The area is characterized as a low snow region with rural wildfire risks typical of the Elbert County plains.
Development momentum is centered on rural residential and mixed-use opportunities along the Highway 86 corridor, with some parcels designated for economic development.
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).
The area is highly rural with a very long mean commute time, reflecting its distance from the Denver metropolitan employment core.
Recreation is primarily rural and open-space oriented, with limited high-density shopping or entertainment venues within the immediate 3-mile radius.
The rental market is limited with a low vacancy rate, primarily serving local residents rather than a high-turnover investor or short-term rental base.
The local economy is driven by construction, professional services, and retail trade, with a significant portion of the workforce engaged in remote work.
Development is largely focused on low-density residential and commercial expansion along the Highway 86 corridor.
Parcels are subject to Elbert County property tax assessments and the Kiowa C-2 School District levies.
Data sourced from U.S. Census Bureau ACS 2024 estimates via ZipCodeDex and US5.
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.
A central community hub for local events and agricultural gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.