El Paso County
Homes for sale in Falcon and Peyton
East of Colorado Springs the county opens out, and Falcon and Peyton are where newer subdivision building meets genuine acreage. Which of those two a property belongs to changes the water question, the septic question, and who regulates it.
Where the county expects Falcon to grow
The county’s Water Master Plan expects denser suburban building in and around Falcon, with four growth areas west of Falcon projected by 2040 and more on both sides of Highway 24 north of it by 2060. East of Peyton Highway it expects something different: mostly 35-acre lots, each on its own Denver Basin well.
Highway 24 is being rebuilt to match. CDOT is designing a widening to two lanes in each direction with a median between Garrett Road and Woodmen Road, with construction scheduled to start in summer 2027. Worth knowing for any property that fronts the highway or takes its access from it.
In the newer subdivisions, a metro district supplies the water
Meridian Service Metropolitan District supplies Meridian Ranch from 15 on-site and 6 off-site wells in the Denver Basin aquifers, plus two wells in the Upper Black Squirrel Creek alluvium. Woodmen Hills Metropolitan District supplies its own residents and some surrounding customers, and buys bulk water from the Cherokee Metropolitan District, up to 350 acre-feet a year.
The county plan singles out the Falcon area for its reliance on nonrenewable Denver Basin wells and on the Upper Black Squirrel Creek alluvium, which it describes as limited and over-appropriated. A district also puts its own mill levy on the tax bill. Ask the district for its rates, and read the metro district guide before you offer.
Around Peyton, the well rules change
The state describes the Upper Black Squirrel Creek Designated Ground Water Basin as generally in the vicinity of Ellicott and Peyton. Inside a designated basin, wells are permitted as small capacity wells rather than exempt ones, and the uses a permit allows can be further limited by the local ground water management district’s rules.
That can work for a buyer with animals, because most small capacity permits allow domestic animal watering whatever the parcel size, which an exempt well on under 35 acres does not. Pull the permit and read it either way; the El Paso County acreage guide explains how to tell which regime a parcel is in.
Schools and fire protection
District 49 covers 133 square miles of northeast Colorado Springs and the Falcon area. Further east an address may be in a different district, so confirm the schools for a specific property with the district rather than the listing.
The Falcon Fire Protection District covers 113 square miles. As with the school district, check which one covers a parcel rather than assuming from the name on the address.
The El Paso County market right now
Live figures from the MLS, not an estimate. They move as listings do.
Homes for sale in Peyton
Peyton and the Falcon corridor share the 80831 ZIP, and the feed files most of the area under Peyton.
Common questions
Where does Falcon get its water?
Mostly from metropolitan districts pumping groundwater. Meridian Service Metropolitan District, for example, supplies Meridian Ranch from Denver Basin wells and the Upper Black Squirrel Creek alluvium. The county plan flags the Falcon area’s reliance on both as a supply challenge.
Why do Falcon homes show up under Peyton or Colorado Springs?
Falcon is not a separate city in the listing feed. Falcon and Peyton share the 80831 ZIP, and listings in the corridor are filed under Peyton or Colorado Springs, which is why the search on this page is scoped to Peyton.
Are well permits different near Peyton?
They can be. The Upper Black Squirrel Creek Designated Ground Water Basin lies around Ellicott and Peyton, and wells inside it are small capacity wells, most of which allow domestic animal watering regardless of parcel size. Local district rules can limit them further.
Sources
The guidance above is checked against these, last reviewed September 22, 2026. Rules are applied parcel by parcel, so confirm a specific property with the office named.
- El Paso County Water Master Plan (February 2019)
The growth areas projected west and north of Falcon, 35-acre lots on individual Denver Basin wells east of Peyton Highway, and the Falcon area policy on Denver Basin wells and the Upper Black Squirrel Creek alluvium.
- CDOT, US 24 Corridor Improvements in El Paso County
That US 24 between Garrett Road and Woodmen Road is being designed for two lanes in each direction with a median, with construction scheduled to start in summer 2027.
- Meridian Service Metropolitan District, Water
That the district supplies Meridian Ranch from 15 on-site and 6 off-site wells in the Denver Basin aquifers and two wells in the Upper Black Squirrel Creek alluvium.
- Woodmen Hills Metropolitan District, Water
That the district supplies water to its own residents and to customers in surrounding communities.
- Cherokee Metropolitan District, About
That the district lies outside the Colorado Springs city limits, east of and adjacent to the city; that it provides water and sewer mainly to Cimarron Hills and serves some 17,945 customers; and that Woodmen Hills Metropolitan District buys bulk water from it, up to 350 acre-feet a year.
- Colorado Division of Water Resources, Pond Management and Restoration Projects
That the designated basin this page describes lies generally in the vicinity of Ellicott and Peyton.
- Colorado DWR Guideline 2023-1: Uses of Water From Exempt and Small Capacity Wells
That most small capacity permits in a designated basin allow domestic animal watering whatever the parcel size, unlike an exempt well under 35 acres.
- District 49, About
That District 49 spans 133 square miles covering northeast Colorado Springs and the Falcon area.
- Falcon Fire Protection District, About Us
That the fire district covers 113 square miles.
Looking in El Paso County?
Ask Belinda about a specific address in El Paso County: who supplies the water, the metro district on the tax bill, and what the wildfire risk means for insurance.