Real Estate Investing in Elbert, Colorado (80106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80106 (Elbert, CO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 50.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elbert, CO (80106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80106 Elbert
The 80106 ZIP in Elbert, CO is a local-operator market. Outside capital chasing a $738K entry has to pair deep knowledge with the discount.
The investment case in 80106 is substantial only for operators who understand what they are buying. A $738K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 80106 among CO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 4,450 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 80106 is an operator game, not a passive one. On the rental side, entry prices of $738K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Elbert:
Property Strategy for 80106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $610,553 | $1,350 | 1.6% | +4.9% | $305,276 |
| 3BR | $674,841 | $1,840 | 2.0% | +6.1% | $224,947 |
| 4BR | $767,759 | $2,080 | 2.0% | +6.2% | $191,940 |
| 5BR | $846,876 | — | — | — | $169,375 |
Market Trends
Home Value History (with trend line)
📊 How Does 80106 Compare?
| Metric | 80106 | Elbert | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $737,889 | $737,889 | N/A | $535,778 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 4.9% |
| Avg Rent | $1,215 | $1,215 | N/A | - |
| Cap Rate | 1.3% | 1.3% | - | - |
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 80106 (Elbert, CO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 80106 (Elbert, CO)?
~25 seconds · no account needed · your report is anonymous
Property managers serving El Paso County
Manage rentals here? List your business →All County Colorado Springs is a full-service residential property management company serving Colorado Springs, Fountain, Fort Carson, Falcon, Peyton, & Security-Widefield. summary from their website
Cornerstone Real Estate Team offers property management services in Colorado Springs, providing resources for owners, investors, and tenants. summary from their website
RowCal provides HOA and community association management services, including financials, maintenance, construction, and rentals. 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 | $737,889 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 50.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.0% |
| Cap Rate | 1.3% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.3%). 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 80106
Population: 4,450
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 80106
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
What kind of tenants rent in Elbert, CO?
The tenant pool in Elbert, CO is solid, supported by local employment and population fundamentals. Rents of $1,215/mo are well-absorbed by the market.
Should investors consider Elbert, CO?
Our data puts Elbert, CO at 2.0/5 for investability. Home prices of $738K and rents around $1,215/mo create a solid backdrop for investor activity.
How much does a house cost in Elbert, CO?
Elbert, CO home values average about $738K. That price point suits investors targeting rentals with $1,215/mo in monthly income.
How landlord-friendly is Elbert, CO?
Elbert, CO falls under CO landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical vacancy rate in Elbert, CO?
Elbert, CO carries elevated vacancy risk. Expect steady absorption at market rents of $1,215/mo.
You know 80106 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80106 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 80106 ranks in Colorado Springs, CO
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 80106 (Elbert)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 80106 (Elbert, CO).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.