Real Estate Investing in Drake, Colorado

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 948 • Larimer County

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Should you buy in Drake, CO? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (31/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
WEAK
2.5 / 5 (40/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 43.2% of homes vacant — above national norms.

What’s happening in Drake, CO?

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2.5/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $523,013
Avg Monthly Rent $1,490
ZIP Codes 2

Investing in Drake Real Estate

This is a distressed-leaning corner of Colorado: Drake has 2 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

plainly Drake's aggregate rating of ★★★☆☆ reflects sluggish investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

The $1,490/mo / $523K relationship in Drake looks sluggish once vacancy and capex are incorporated into underwriting. trends toward the realized yield tends to disappoint.

Demographics in Drake show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Fort Collins, CO

Drake is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Drake, CO. Anonymous, moderated, never written by AI.

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Property managers serving Larimer County

Manage rentals here? List your business →

Armadillo Properties offers property management, rental listings, and sales services in Copperas Cove, Killeen, Harker Heights, and Kempner. summary from their website

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Dimensions Realty and Management is a full-service real estate company providing property management and brokerage services in Northern Colorado, including Fort Collins. summary from their website

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Faith Pro LLC is a Northern Colorado Property Management Company. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$523,013
Avg Monthly Rent
$1,490
1% Rule
✗ Below
Landlord Friendly (CO)

📉 Market Crash Risk Index

Based on Fort Collins, CO metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
47%
Days Pending
1/2
58 days

View all metro crash risk rankings →

❄️ Cool Market — Fort Collins, CO metro
58
Days to pending
10.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Drake, CO

Screen every ZIP in Drake

Filter Drake’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Drake, CO

How high is vacancy risk in Drake, CO?

Vacancy in Drake, CO is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,490/mo.

What do landlords charge for rent in Drake, CO?

The typical rental in Drake, CO commands about $1,490/mo monthly. That rent profile stable cash flow against the $523K purchase basis.

What approach is best for Drake, CO real estate?

Drake, CO investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($523K prices, $1,490/mo rents) make it a reasonable choice.

Are landlord laws favorable in Drake, CO?

For rental operators, Drake, CO rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

Is housing expensive in Drake, CO?

Typical homes in Drake, CO go for around $523K. The 5-year CAGR of 0.0% reliable price movement.

Community Ratings

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