Real Estate Investing in Drake, Colorado (80532)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80532 (Drake, CO)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 60.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Drake, CO (80532)?
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Market Analysis: 80532 Drake
Meanwhile, ZIP 80532 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $564K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 80532 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 80532 among CO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 80532 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 80532 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 Drake:
Property Strategy for 80532
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $522,063 | $1,730 | 2.4% | +5.1% | $261,032 |
| 3BR | $691,892 | $2,380 | 2.5% | +4.6% | $230,631 |
Market Trends
Home Value History (with trend line)
📊 How Does 80532 Compare?
| Metric | 80532 | Drake | Fort Collins, CO | Colorado |
|---|---|---|---|---|
| Home Value | $564,435 | $523,013 | N/A | $535,778 |
| 5-Year CAGR | 1.9% | 2.3% | N/A | 4.9% |
| Avg Rent | $1,557 | $1,490 | 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 80532 (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
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
Faith Pro LLC is a Northern Colorado Property Management Company. 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 | $564,435 |
| Monthly Rent | $1,557 |
| Price-to-Rent | 30.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (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 80532
Population: 162
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
Frequently Asked Questions
What is the best play in Drake, CO?
The best-fit strategy in Drake, CO is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How landlord-friendly is Drake, CO?
CO ranks as a landlord-friendly state for landlord-tenant law. Drake generally follows the statewide framework, so landlords face reasonable operating rules.
How much do tenants pay in Drake, CO?
The typical rental in Drake, CO commands about $1,557/mo monthly. That rent profile even-keeled cash flow against the $564K purchase basis.
Can I house hack in Drake, CO?
The house hack math a challenging in Drake, CO. Owner-occupant buyers benefit from the $1,557/mo rents and $564K home values.
Is Drake, CO a good market for buy-and-hold investors?
Drake, CO scores 2.0/5 for investability. Home values sit at $564K and rents near $1,557/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 80532 now. You don’t know where it ranks.
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How 80532 ranks in Fort Collins, CO
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