The story of this market
The typical home in ZIP 80835 sells for about $360,000, or $131 per square foot.
Prices are up +12.2% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,042 a month.
ZIP 80835 — Simla
The housing market in 80835 is characterized by low inventory and high investor concentration, with 54.2% of single-family homes owned by landlords. Prices have seen a 12.2% year-over-year increase, though sales volume remains very low. The area is a rural, small-town market with limited new construction and a stable but modest economic base.
This ZIP fits investors and those seeking a quiet, rural lifestyle, as it is a landlord-majority market with limited local employment and amenities.
Median prices moved up 12.2% year over year.
Homes spend a median of 47 days on market with 6.0 months of supply — a balanced-paced market.
5% of listings have cut prices · homes sell at 95.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.2% · poverty 12.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 80835, Elbert County CO
The ratio of residents to sex offenders is 203 to 1; specific regional crime trend data is not determinable.
Local educational attainment shows 96.1% of residents have a high school diploma or higher, though bachelor's degree attainment is 19.6%.
The area is characterized by a small-town economy with no new residential building permits reported in 2024.
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).
Approximately 61.8% of residents drive alone to work, while 31.3% work from home; mean commute time is not determinable.
The area offers a calm, rural atmosphere with few commercial amenities or nightlife options within a short drive.
This is a landlord-majority market with 54.2% of single-family rentals owned by investors; rental supply is limited.
The local economy is primarily rural and small-scale, with a high concentration of investor-owned single-family rentals.
Transportation is heavily reliant on personal vehicles with no public transit infrastructure.
There is no significant development pipeline of major projects currently reported for this ZIP.
Elbert County assessor data is used for property valuation and tax assessment.
Parcels are subject to Elbert County property tax levies.
Data retrieved from Census Bureau ZCTA 80835 profiles.
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 green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.