JeffCroweCRE

Housing market/Colorado/ZIP 80903

ACS 2023 · FY2027 SAFMR

ZIP 80903 Colorado Springs, Colorado

Colorado Springs, CO HUD Metro FMR Area · Colorado. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
17,045
Households
7,576
Median HH income
$59,292
Renter share
58.5%
Median gross rent
$1,221
Vacancy
9.2%
Pop. change
+9.8%
2BR SAFMR
$1,540
SAFMR / rent
1.261×
2–49 unit stock
2,831
LIHTC proj / units
9 / 794
HUD assisted MF
5 / 227

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 80903 · CO — sent to you.

ZIP 80903 · CO

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ACS rent vs 2BR SAFMR

ZIP 80903 — Colorado Springs, CO HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,221
2BR SAFMR$1,540
90% floor$1,386
110% ceiling$1,694

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 80903

  • 1-unit detached4,24750.9%
  • 1-unit attached4505.4%
  • 2–4 units7849.4%
  • 5–49 units2,04724.5%
  • 50+ units7489.0%
  • Mobile640.8%
TypeUnitsShare
1-unit detached4,24750.9%
1-unit attached4505.4%
2 units (duplex)4255.1%
3–4 units3594.3%
5–9 units87510.5%
10–19 units4835.8%
20–49 units6898.3%
50+ units7489.0%
Mobile640.8%

2–4 unit share 9.4% · 5–49 unit share 24.5% · combined 2–49 33.9%.

Units by bedrooms

Studio
710
1BR
1,948
2BR
2,953
3BR
1,755
4BR
744
5+
230

Rent burden

Rent ≥30% of income52.6%
Rent ≥50% of income25.4%
  • ACS median gross rent $1,221 (all bedrooms, occupied rentals).
  • Median contract rent $1,083.
  • Renters paying ≥30% of income 52.6%; ≥50% 25.4%.
  • FY2027 2BR SAFMR $1,540 (1.261× ACS median gross rent).

Population

17,045 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +9.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 9 projects, 794 units.
  • HUD project-based assisted MF: 5 properties, 227 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,804 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 80903 58.5% of occupied households are renters; vacancy is 9.2%; ACS median gross rent is $1,221; population increased +9.8% between the 2018 and 2023 ACS vintages; the housing stock includes 784 units in 2–4-unit structures and 2,047 units in 5–49-unit structures; 9 LIHTC projects totaling 794 units; FY2027 2BR SAFMR is $1,540 versus ACS median gross rent of $1,221. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Colorado research

ZIP 80903 is a Census / HUD profile for Colorado Springs, CO. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 80903 — Colorado Springs, CO HUD Section 8 Payment Standards / SAFMR·Colorado ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
80132Colorado Springs, CO HUD Metro FMR Area12.2%$2,134$2,13080133Colorado Springs, CO HUD Metro FMR Area12.4%$1,913$1,85080809Colorado Springs, CO HUD Metro FMR Area12.9%$1,969$1,94080829Colorado Springs, CO HUD Metro FMR Area38.5%$1,175$1,21080840Colorado Springs, CO HUD Metro FMR Area100.0%$2,223$2,17080841Colorado Springs, CO HUD Metro FMR Area——$1,62080864Colorado Springs, CO HUD Metro FMR Area14.6%$1,389$1,45080901Colorado Springs, CO HUD Metro FMR Area——$1,62080902Colorado Springs, CO HUD Metro FMR Area100.0%$2,052$2,05080904Colorado Springs, CO HUD Metro FMR Area43.5%$1,417$1,42080905Colorado Springs, CO HUD Metro FMR Area51.7%$1,449$1,44080907Colorado Springs, CO HUD Metro FMR Area43.1%$1,392$1,350

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Colorado research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 80903?

ZIP 80903 (Colorado Springs, CO HUD Metro FMR Area) has 17,045 residents, 7,576 households, a renter share of 58.5%, median household income of $59,292, and ACS 2023 median gross rent of $1,221. Vacancy is 9.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 80903?

ACS counts 425 units in 2-unit buildings, 359 in 3–4 unit buildings, 875 in 5–9, 483 in 10–19, and 689 in 20–49. Combined 2–49 unit stock is 2,831 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 80903?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,540. See the full schedule and 90–110% payment-standard band on the ZIP 80903 — Colorado Springs, CO HUD Section 8 Payment Standards / SAFMR.

Does this Colorado ZIP profile include Georgia listings?

No. ZIP 80903 is Census / HUD research for Colorado Springs, CO HUD Metro FMR Area. Jeff Crowe CRE does not list Colorado property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.