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Morgan County · Colorado

ZIP code 80723

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 80723 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
6,761

ZCTA residents

Median income
$74,144

Household, past 12 months

Median home
$276,000

Owner-occupied value

Sales tax
2.9%

Colorado state rate

Quick answer

ZIP 80723 sits in Morgan County, Colorado and is home to 6,761 people. Median household income is $74,144, the median home is worth $276,000 and median gross rent is $1,076. 66.6% of households own their home, and purchases are taxed at 2.9% (Colorado state rate).

County
Morgan County

FIPS 08087

State
Colorado (CO)

528 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 80723

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
6,761ZIP 80723 residents
Median household income
$74,144Past 12 months, inflation adjusted
Median home value
$276,000Owner-occupied units
Median gross rent
$1,076Rent plus utilities, monthly
Median age
36.4 yrsAll residents
Homeownership rate
66.6%Owner-occupied households

ZIP 80723 in context

How this area compares with national benchmarks.

ZIP 80723 is a mid-size town in Morgan County, Colorado, with 6,761 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #200 of 528 ranked by population — larger than 62% of them. The median age here is 36.4 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in ZIP 80723 earn a median of $74,144 a year, 5.6% below the national figure of $78,538. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 13.3% of residents here, above the 12.4% national rate.

The typical owner-occupied home in ZIP 80723 is valued at $276,000, 9% below the national figure, while median gross rent runs $1,076 a month, 23.5% below the national figure, or roughly $12,912 across a full year. A household on the local median income would put about 17.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.7×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 66.6% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Reading ZIP 80723 in context

How 80723 sits inside Morgan County and Colorado.

ZIP 80723 is tabulated inside Morgan County, Colorado, one of 7 ZIP areas the Census publishes for that county and 528 across Colorado. Population sits in the small-town band, typically one main street plus the addresses that feed into it. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 80723 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 80723 reports a median household income of $74,144, close to the $74,144 county median, and 8% below the $80,917 typical CO ZIP. Owner-occupied homes are valued at a median of $276,000, close to the county figure and 36% below the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,076 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Colorado charges 2.9% statewide, and local governments overlapping 80723 may add county, city or special-district levies on top. We publish the state floor for this ZIP rather than guessing a combined figure, because ZIP boundaries and taxing-district boundaries were drawn for different purposes and do not line up.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 80723 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 80723

What a purchase inside this ZIP costs at checkout.

Rate applied
2.9%State base rate only
Tax on $100
$3Rounded to the dollar
Tax on $1,000
$29Before any exemptions

Colorado levies 2.9% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
17%Median rent ÷ median income
Price-to-income
3.7×Home value ÷ household income
Est. mortgage
$1,432/mo20% down, 30-yr at 6.75%
Poverty rate
13.3%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 80723 compares

ZIP 80723 against the median ZIP in Morgan County and across Colorado.

MeasureZIP 80723County medianState medianvs state
Median household income$74,144$74,144$80,917-8%
Median home value$276,000$276,000$428,850-36%
Median gross rent$1,076$1,083$1,455-26%
Population6,7611,0642,604+160%

Medians are computed across the 7 ZIP areas in Morgan County and the 528 ZIP areas in Colorado.

Statewide rank

Where this ZIP places among all 528 Colorado ZIP areas.

Income

richer than 43% of 468 state ZIPs

#267
Home value

above 25% of 472 state ZIPs

#353
Population

larger than 62% of 528 state ZIPs

#200

Comparable ZIP codes

Colorado ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
80832Elbert County$74,125$391,000$1,313
80214Jefferson County$74,259$519,900$1,516
81154Rio Grande County$74,283$409,000$919
80231Denver County$73,961$489,900$1,727
80452Clear Creek County$73,906$420,500$1,197
81625Moffat County$73,649$266,900$1,059

Nearby ZIP codes

Other ZIP codes filed under Morgan County.

Adjacent ZIP Codes

Other ZIP codes in Morgan County, Colorado.

ZIP 80723 questions

Common questions about this ZIP code.

Where is ZIP code 80723?
ZIP 80723 lies mostly in Morgan County, Colorado. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 80723?
Colorado charges 2.9% statewide, plus any county, city or district rate that applies locally.
Is 80723 expensive to live in?
Median rent runs $1,076 a month, about 17% of median household income, and the median home is worth $276,000 — -36% against the typical Colorado ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 80723, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.