Real Estate Investing in Castle Rock, Colorado (80104)
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Should you buy in 80104 (Castle Rock, CO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Castle Rock, CO (80104)?
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Market Analysis: 80104 Castle Rock
The 80104 ZIP in Castle Rock, CO is a local-operator market. Outside capital chasing a $610K entry has to pair deep knowledge with the discount.
The investment case in 80104 is resilient only for operators who understand what they are buying. A $610K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within CO, ZIP 80104 trails on several market indicators that neighboring Douglas County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Who lives in 80104 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 80104 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Castle Rock:
Property Strategy for 80104
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $329,447 | $1,820 | 4.0% | +4.3% | $329,447 |
| 2BR | $486,937 | $2,170 | 3.2% | +5.7% | $243,468 |
| 3BR | $554,609 | $2,840 | 3.7% | +5.5% | $184,870 |
| 4BR | $644,701 | $3,170 | 3.5% | +5.6% | $161,175 |
| 5BR | $760,812 | — | — | +6.0% | $152,162 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80104 Compare?
| Metric | 80104 | Castle Rock | Denver-Aurora-Lakewood, CO | Colorado |
|---|---|---|---|---|
| Home Value | $610,075 | $632,933 | N/A | $535,778 |
| 5-Year CAGR | 2.3% | 2.3% | N/A | 4.9% |
| Avg Rent | $2,411 | $2,587 | N/A | - |
| Cap Rate | 3.1% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 80104 (Castle Rock, CO). Anonymous, moderated, never written by AI.
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Property managers serving Douglas County
Manage rentals here? List your business →Beacon Property Management LLC offers property management services in Denver. summary from their website
PMI Elevation offers Denver property management services including marketing, resident screening, rent collection, maintenance, accounting, and eviction for residential properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $610,075 |
| Monthly Rent | $2,411 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 80104
Population: 36,461
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 80104
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is Castle Rock, CO better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Castle Rock, CO. With home values at $610K and rents near $2,411/mo, other strategies can work but produce steady rather than outsized returns.
How does Castle Rock, CO stack up for property investment?
Castle Rock, CO scores 3.0/5 for investability. Home values sit at $610K and rents near $2,411/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Castle Rock, CO?
Typical homes in Castle Rock, CO go for around $610K. The 5-year CAGR of 0.0% even-keeled price movement.
Does house hacking work in Castle Rock, CO?
House hacking in Castle Rock, CO is a challenging. With home values around $610K and rents at $2,411/mo, owner-occupants can offset a meaningful share of PITI.
Is Castle Rock, CO a friendly market for rental owners?
The landlord environment in Castle Rock, CO is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 80104 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80104 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 80104 ranks in Denver-Aurora-Lakewood, CO
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