Neighborhood Guide

Munafo

Elizabeth, CO 80107

Data Verified: Jul 4, 2026

About this Area

Munafo, nestled in the serene outskirts of Elizabeth, Colorado, exudes a timeless charm that blends rural tranquility with modern suburban convenience. This neighborhood, established in the early 1970s, was originally envisioned as a peaceful retreat for families seeking spacious lots and a close-knit community atmosphere. Over the decades, Munafo has retained its rustic appeal while evolving into a sought-after residential enclave, where rolling hills and mature pine trees frame winding streets lined with custom-built homes. The area’s history is deeply rooted in the agricultural heritage of Elizabeth, yet today it stands as a testament to the town’s growth into a thriving suburban hub. Residents here enjoy a slower pace of life, punctuated by the sounds of nature and the occasional visit from local wildlife, making it an idyllic setting for those who cherish both privacy and community.

The real estate market in Munafo is characterized by a diverse array of architectural styles, ranging from charming ranch-style homes to sprawling modern estates, all set on generously sized lots that average between 1 to 5 acres. Median home values in this neighborhood hover around $663,900, reflecting the premium placed on both the land and the quality of construction. Many properties feature expansive floor plans with open-concept living areas, gourmet kitchens, and expansive outdoor living spaces, including patios, decks, and detached workshops or guest houses. The architectural diversity ensures that there is something for every taste, from cozy log cabins to contemporary marvels with floor-to-ceiling windows. With a low turnover rate, Munafo’s real estate market remains competitive, attracting buyers who prioritize both space and sophistication.

Munafo residents enjoy unparalleled access to a variety of amenities that cater to both leisure and practical needs. The neighborhood is just a short drive from the historic downtown Elizabeth, where boutique shops, art galleries, and locally owned restaurants offer a taste of small-town charm. For outdoor enthusiasts, the nearby Elizabeth Open Space and the vast expanse of the Pike National Forest provide endless opportunities for hiking, mountain biking, and wildlife viewing. Families benefit from the top-rated Elizabeth School District, which includes highly regarded elementary, middle, and high schools known for their academic excellence and extracurricular programs. Additionally, the neighborhood is within easy reach of major retail centers, healthcare facilities, and entertainment options in nearby Castle Rock and Parker, ensuring that all daily necessities and luxuries are conveniently accessible.

Buyers choose to call Munafo home for its perfect balance of seclusion and accessibility, offering a lifestyle that is both peaceful and well-connected. The neighborhood’s median income of $137,886 reflects the financial stability and prosperity of its residents, many of whom work in Denver, Colorado Springs, or the local tech and healthcare sectors. Commute times are reasonable, with Elizabeth’s strategic location along Highway 86 providing direct routes to major employment hubs, typically ranging from 30 to 45 minutes depending on traffic. The strong sense of community, coupled with the area’s natural beauty and top-tier amenities, makes Munafo an exceptional place to raise a family or enjoy retirement. With its enduring appeal and robust real estate market, Munafo continues to be one of Elizabeth’s most desirable neighborhoods for discerning homebuyers.

Homendo Valuation Index
Quality of Life 86
Environment 95
Education 95
Safety 82
Demographics
Population
14,976
Density
2,800
Median Age
41.9
Income
$137,886
StatisticZipCityCountyStateUSA
Population 14,976 1,69427,1525,810,774332,387,540
Median Age 41.9 32.544.837.538.7
People per Household 2.91 2.892.812.452.54
Median Household Income $137,886 $110,227$129,477$92,470$78,538
Avg Income per Capita $57,392 $39,508$57,481$50,489$43,289
Real Estate Market
Median Value
$663,900
Median Rent
$1,538
Available
276
MetricZipCityCountyStateUSA
Median Sale Price$663,900$444,000$664,600$502,200$303,400
Median Age of Home2931293845
Homes Owned92.4%84.6%89.5%60.6%58.2%
Homes Rented3.1%11.1%5.3%30.8%31.3%
Homes Vacant4.5%4.3%5.3%8.6%10.4%
Quality of Life
IndexZipCityCountyStateUSA
Cost of Living Index147.5147.5147.5147.5100.0
Commute Time (min)43.440.741.625.526.6
Work from Home18.4%10.8%19.0%18.8%13.5%
Climate
Jan Low
20.1°
July High
85.8°
Rain
19.3"
MetricZipCityCountyStateUSA
Jan Avg Low (°F)20.120.120.120.120.1
July Avg High (°F)85.885.885.885.885.8
Annual Precip (in)19.319.319.319.319.3
Safety & Crime
Violent Crimes (per 100k)
TypeZipCityCountyStateUSA
Assault350.5350.5350.5350.5350.5
Murder4.54.54.54.54.5
Robbery63.063.063.063.063.0
Property Crimes (per 100k)
TypeZipCityCountyStateUSA
Burglary348.0348.0348.0348.0348.0
Theft1754.21754.21754.21754.21754.2

Neighborhood Insights

AI-Ready Analysis for Munafo

Munafo is an affluent community with above-average earning potential located in Elizabeth. The neighborhood is characterized by a very high stability rate, with 92.4% of residents owning their homes. This typically indicates a long-term, established neighborhood structure..

Demographically, the area attracts a diverse age group (Median Age: 41.9), creating a unique community atmosphere. With a median household income of $137,886, residents enjoy a quality of life that supports local commerce and community maintenance.
Source: Homendo Network Market Data Analysis (2026).

The real estate market in Munafo is currently active. The median home value stands at $663,900, reflecting the desirability of the Elizabeth area. For investors or those looking to lease, the median rent is approximately $1,538.

According to Homendo Network, the area's inventory turnover (Vacancy Rate: 4.5%) suggests a competitive market where quality homes tend to sell quickly.
Source: Homendo Network Market Data Analysis (2026).

Munafo holds a Homendo Safety Score of 82 and an Environmental Quality Score of 95. These metrics are calculated based on local crime statistics per 100k residents and environmental factors like air quality and park density.

Compared to the broader Elizabeth region, this neighborhood offers a specific balance of security and outdoor accessibility that appeals to safety-conscious buyers.
Source: Homendo Network Market Data Analysis (2026).

The educational landscape in Munafo is rated at 95 on the Homendo Index. Located within the Elbert County jurisdiction, residents have access to a network of public and private institutions. Families often choose this area specifically for access to these educational resources.
Source: Homendo Network Market Data Analysis (2026).
Location
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WalkScore™
Walk
Car-Dependent
0
Bike
Somewhat Bikeable
11
School Ratings

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