Monument, Colorado.
Typical home $744,085 (-1.1% in a year), asking rent $1,973 (+2.7%). Colorado Springs, CO metro.
to buy the typical home at today's mortgage rate — +$1,930 (+98%) since Jan 2020.
- 1 year
- Down $8,326 -1%
- $752,411$744,085 since Sep 2025
- 5 years
- Up $66,736 +10%
- $677,349$744,085 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Monument$3,906
- Colorado$2,777
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 37 years.
Typical home values in Monument, CO fell 1.1% over the past year — slower than the nation's +1.2%.
Asking rents in Monument, CO rose 2.7% over the past year — in step with the nation.
Owning the typical home in Monument runs $2,981/mo more than renting one. The gap peaked at $3,242 in Oct 2023.
That is $4,954 a month against $1,973 rent: a $3,906 mortgage payment, plus $252 property tax and $797 insurance & upkeep.
Owning vs renting — Monument
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$4,954
- Renting$1,973
- Mortgage only$3,906
Property tax · $252/mo 0.41% of value a year — the ACS 2020-2024 median bill over the median home value for El Paso County, CO
Insurance & upkeep · $797/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Monument, El Paso County, Colorado
Monument is a town of 10,399 people in El Paso County. Half its households earn more than $128,816 a year and half less, against $90,363 across El Paso County; 5% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in El Paso County was 4.7% in August 2026, and the county had 0.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Monument is a small town where most homes are lived in by their owners, and incomes run well above the county's. Typical home values are high, and rents are high too. A large share of adults hold a four-year degree, and the population skews somewhat younger than in many places that draw retirees.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, in restaurants, hotels and entertainment, and in banks, insurance and property. The largest workplaces in Monument include the local public school district, the medical implant maker Jabil, and Walmart. Commutes are fairly long, and a good number of people work from home.
Things to do. A short drive away, the Western Museum of Mining & Industry covers the region's working past, and Kettle Creek offers a stretch of river. Farther afield, Garden of the Gods is a protected area of dramatic rock formations, and Cheyenne Mountain Zoo is a longer drive away as well. Winters are cold, summers are warm, and the year brings a modest amount of rain and melted snow.
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- 4,274households
- 58%of adults have a degree
- 5%below the poverty line
- 29 mintypical commute
- 25%work from home
What residents work in
Employed residents by industry, from the Census survey. El Paso County had 307,977 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 43° and lows near 15°; warmest in July, with highs near 84° and lows near 53°. About 18 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Monument 3S weather station, 2 miles away (NOAA).
Largest workplaces in Monument
- Lewis-Palmer Consolidated School District No. 38 in the coSchool district850FTE
- JabilSurgical implants manufacturing603
- Education Reenvisioned Boces SchoolsSchool district349FTE
- WalmartWarehouse clubs and supercenters343
- Forest ServiceFederal government · Department of Agriculture39
- Bethesda Gardens MonumentAssisted-living facilities without on-site nursing care facilities38
- Kohl's37
- Discount TireTire dealers27
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 5 workplaces with 20 or more staff, 1,048 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireVery high
- Winter weatherVery high
- HailRelatively high
- LightningRelatively high
- TornadoesRelatively high
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Monument’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on El Paso County and the Colorado Springs, CO metro.
Monument home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Monument$744,085
- Colorado$529,013
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Monument listings, and the typical home goes pending in 33 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Monument39.57%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Monument33
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Monument260
New listings per month
Sellers arriving at the market.
- Monument59
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Monument$773,000
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Monument98.48%
Zip codes with a Monument address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Monument — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Monument
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 80132 | Monument | 30,073 | $2,112 | $739,551 |
| 80921 | Colorado Springs | 26,551 | $1,863 | $707,494 |