Real Estate Investing in Calhan, Colorado (80808)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80808 (Calhan, 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 40.2 — 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 Calhan, CO (80808)?
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Market Analysis: 80808 Calhan
ZIP 80808 inside El Paso County looks affordable on the surface — median value of $491K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 80808 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Calhan have seen price recovery that 80808 has not matched. El Paso County data supports the view that the spread is structural rather than temporary.
The 80808 ZIP's population of 6,670 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The 80808 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 Calhan:
Property Strategy for 80808
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $337,325 | $1,130 | 2.4% | +4.6% | $168,662 |
| 3BR | $472,133 | $1,570 | 2.4% | +5.5% | $157,378 |
| 4BR | $530,198 | $1,790 | 2.4% | +5.8% | $132,550 |
Market Trends
Home Value History (with trend line)
📊 How Does 80808 Compare?
| Metric | 80808 | Calhan | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $490,832 | $490,832 | N/A | $535,778 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 4.9% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
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 80808 (Calhan, CO). Anonymous, moderated, never written by AI.
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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 | $490,832 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 40.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.6% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.6%). 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 80808
Population: 6,670
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 80808
Schools in This ZIP Code
About Repit School Scores
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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
Does Calhan, CO make sense for an investment property?
Calhan, CO reports an investability rating of 2.0/5, with median home values near $491K and average rents around $1,017/mo. That combination puts it in the sturdy tier for investor interest.
How do landlord-tenant laws work in Calhan, CO?
Landlord-friendliness in Calhan, CO is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical rental rate in Calhan, CO?
Rent in Calhan, CO is around $1,017/mo. The resulting rent-to-value relationship with $491K pricing is reasonable for most investor models.
What approach is best for Calhan, CO real estate?
For Calhan, CO, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of vacancy should I budget for in Calhan, CO?
Rental vacancy in Calhan, CO is elevated. Investors should budget normal turnover but not chronic empty units.
You know 80808 now. You don’t know where it ranks.
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How 80808 ranks in Colorado Springs, CO
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