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Sarah Mitchell
Compass Real Estate · ZIP 80538
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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80538 ZIP Code Housing Market
$515,000median sale price
What is the 80538 housing market like right now?
The median home sale price in ZIP code 80538 is $515,000, up 3.1% year-over-year. Homes sell in an average of 51 days with 291 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 80538 ZIP code a buyer's or seller's market?
ZIP code 80538 is currently a leaning buyer's and homes selling in about 51 days. How we determine this →
What are the latest 80538 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $515,000 |
| Median list price | $525,000 |
| Year-over-year price change | +3.1% |
| Average days on market | 51 days |
| Active inventory | 291 listings |
| Sale-to-list price ratio | 99.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 80538 zip code, located in Bellvue, CO, is currently classified as a leaning buyer's. The median sale price stands at $515,000, representing a +3.1% change year over year. Homes in this area spend an average of 51 days on the market before going under contract. There are currently 291 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 80538 sits in the Bellvue, CO area, roughly 5.7 miles from downtown Bellvue. Because home prices are set street by street, this ZIP can move differently from Bellvue's citywide averages. The figures below reflect 80538 specifically — drawn from Redfin transactions, U.S. Census data for its 50,110 residents, and Zillow value estimates.
Homes sold
240
Last 12 weeks
Days on market
51
Average pace
Active listings
291
Sale-to-list
99.3%
Below asking
What is driving the 80538 housing market?
The 80538 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 99.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 80538 have increased +3.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 80538 stands at $505,683, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,029 per month. This gives a price-to-rent ratio of approximately 20.8, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 80538?
Population
50,110
Median income
$86,671/yr
Median age
42.9 years
Owner-occupied
69.4%
College grads
41.4%
Avg commute
23.17 min
What is it like living in 80538?
Zip code 80538 is home to approximately 50,110 residents. The median household income is $86,671 per year, which shapes the types of homes and amenities available in the area. With a median age of 42.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 69.4% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 41.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.17 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 80538.
Which public schools serve ZIP 80538?
13 schools tracked · 6,178 students
The largest public schools serving ZIP code 80538 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Loveland High School
Grades 9-12 · 1,479 students
New Vision Charter School
Grades K-8 · 1,006 students
Lucile Erwin Middle School
Grades 6-8 · 692 students
Peakview Academy at Conrad Ball
Grades PK-8 · 624 students
High Plains School
Grades PK-8 · 491 students
Ponderosa Elementary
Grades PK-5 · 353 students
Centennial Elementary School
Grades PK-5 · 331 students
Bamford Elementary School
Grades PK-5 · 301 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 80538
What is the median home price in 80538?
The current median sale price in 80538 is $515,000, based on recent Redfin transaction data. Prices have changed +3.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 80538 a buyer's or seller's market?
The 80538 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 80538?
Zip code 80538 has a population of approximately 50,110 residents. The median household income is $86,671 per year. About 69.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 80538?
Properties Incorporated provides comprehensive data for 80538 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 80538 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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