Collisions for the entire hash are rare, but this is just a prefix of the hash. I imagine it is significantly more common for a collision in the prefix.
Someone filed a PR asking to add a cache for HIBP's responses, and I did some quick math and came up with ~1200 as a birthday-paradox number for the first five digits of a SHA1 hex digest (assuming uniform/random distribution of hex digits).
The smallest is 381 (hash prefixes "E0812" and "E613D")
The largest is 584 (hash prefixes "00000" and "4A4E8")
https://www.troyhunt.com/ive-just-launched-pwned-passwords-v...