Real Estate Investing in Steamboat Springs, Colorado (80487)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80487 (Steamboat Springs, CO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 41.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.6 — hard to cash-flow at these prices.
What’s happening in Steamboat Springs, CO (80487)?
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Market Analysis: 80487 Steamboat Springs
Meanwhile, ZIP 80487 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.3M median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 80487 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 80487 among CO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 80487 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 80487 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Steamboat Springs:
Property Strategy for 80487
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $538,180 | $1,940 | 2.6% | +13.7% | $538,180 |
| 2BR | $857,780 | $2,130 | 1.8% | +13.2% | $428,890 |
| 3BR | $1,372,516 | $2,550 | 1.3% | +12.8% | $457,505 |
| 4BR | $2,158,758 | $3,340 | 1.1% | +13.8% | $539,689 |
| 5BR | $3,404,673 | — | — | +13.6% | $680,935 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80487 Compare?
| Metric | 80487 | Steamboat Springs | Steamboat Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $1,317,996 | $1,317,996 | N/A | $535,778 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 4.9% |
| Avg Rent | $3,713 | $3,713 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 80487 (Steamboat Springs, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,317,996 |
| Monthly Rent | $3,713 |
| Price-to-Rent | 29.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +9.8% ▲ |
🏠 Rent Trends
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 80487
Population: 18,378
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 80487
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
Are homes affordable in Steamboat Springs, CO?
The median home value in Steamboat Springs, CO is roughly $1.3M. That puts it reasonable relative to the CO statewide average.
Are tenants stable in Steamboat Springs, CO?
Steamboat Springs, CO offers a predictable renter base at the $3,713/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is vacancy a concern in Steamboat Springs, CO?
Steamboat Springs, CO carries elevated vacancy risk. Expect stable absorption at market rents of $3,713/mo.
What do rentals go for in Steamboat Springs, CO?
The typical rental in Steamboat Springs, CO commands about $3,713/mo monthly. That rent profile stable cash flow against the $1.3M purchase basis.
Is CO a landlord-friendly state?
Steamboat Springs, CO operates under CO law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
You know 80487 now. You don’t know where it ranks.
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How 80487 ranks in Steamboat Springs, CO
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