Real Estate Investing in Cheyenne Wells, Colorado (80810)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80810 (Cheyenne Wells, 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.
- High vacancy: 18.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cheyenne Wells, CO (80810)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80810 Cheyenne Wells
On the rental side, ZIP 80810 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $204K median. It rewards specialists, not generalists.
Rent of $945/mo on a $204K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 80810 sits below the stated 0.0% once reality is priced in.
In the broader CO picture, 80810 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 20% in 80810 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Cheyenne Wells:
Property Strategy for 80810
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $169,939 | $1,350 | 5.7% | +8.9% | $56,646 |
| 4BR | $275,912 | $1,650 | 4.3% | +8.9% | $68,978 |
Market Trends
Home Value History (with trend line)
📊 How Does 80810 Compare?
| Metric | 80810 | Cheyenne Wells | Colorado |
|---|---|---|---|
| Home Value | $203,538 | $203,538 | $535,778 |
| 5-Year CAGR | 6.5% | 6.5% | 4.9% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 80810 (Cheyenne Wells, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,538 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.6%). 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 80810
Population: 1,169
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 80810
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
How expensive is real estate in Cheyenne Wells, CO?
Median home price in Cheyenne Wells, CO is near $204K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Are landlord laws favorable in Cheyenne Wells, CO?
Rental owners in Cheyenne Wells, CO deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Does Cheyenne Wells, CO make sense for an investment property?
With a 3.0/5 investability score, Cheyenne Wells, CO ranks as a solid market for rental property investors. Median prices of $204K and rents of $945/mo drive the underlying numbers.
Are rents high in Cheyenne Wells, CO?
Rents in Cheyenne Wells, CO run near $945/mo. Compared with median home prices of $204K that produces solid gross yields for typical rentals.
Can I live-in-and-rent in Cheyenne Wells, CO?
House hacking in Cheyenne Wells, CO is a challenging. With home values around $204K and rents at $945/mo, owner-occupants can offset a meaningful share of PITI.
You know 80810 now. You don’t know where it ranks.
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