The story of this market
The typical home in ZIP 80743 sells for about $230,000, or $145 per square foot.
Homes take about 90 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 80743 — Otis
The housing market in 80743 is characterized by low inventory and very limited sales activity, typical of a rural agricultural community. Prices remain stable with minimal turnover, reflecting a quiet market where supply and demand are both constrained. The area is primarily suited for long-term residents rather than speculative investment.
This ZIP is best suited for those seeking a quiet, rural lifestyle, agricultural workers, or families looking for a small-town community environment.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 90 days on market with 5.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.3% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 80743, Washington County CO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Otis School District, which provides rural education services for the local community.
The region is subject to standard high-plains climate risks, including wind and occasional severe weather events.
The local economy is primarily driven by agriculture and rural services with limited large-scale industrial 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) — 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). 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.
Commuting is primarily by private vehicle, with long drive times to regional employment hubs in larger Colorado cities.
Recreation is centered on rural outdoor activities, local community parks, and access to open plains landscapes.
The rental market is limited in depth, primarily consisting of single-family homes with low turnover and minimal investor activity.
The economy is heavily reliant on the agricultural sector, including crop production and livestock management.
Parcels are subject to Washington County property tax levies and the local school district tax base.
Property insurance premiums are influenced by regional wildfire and wind risk factors common to Eastern Colorado.
Data retrieved from Census Reporter ZCTA 80743 profile.
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.
Local public space serving the town of Otis.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.