Real Estate Investing in Cripple Creek, Colorado (80813)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80813 (Cripple Creek, CO)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 37.0% of homes vacant — above national norms.
- Lower household income: $39,830 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cripple Creek, CO (80813)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80813 Cripple Creek
ZIP 80813 inside Teller County looks affordable on the surface — median value of $326K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $326K asset, 80813 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 80813 sits on the difficult end of the CO spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 80813 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 80813 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Cripple Creek:
Property Strategy for 80813
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $202,457 | $1,200 | 4.3% | +6.1% | $202,457 |
| 2BR | $290,060 | $1,320 | 3.3% | +6.7% | $145,030 |
| 3BR | $390,267 | $1,850 | 3.4% | +6.5% | $130,089 |
| 4BR | $485,348 | $2,220 | 3.3% | +6.2% | $121,337 |
Market Trends
Home Value History (with trend line)
📊 How Does 80813 Compare?
| Metric | 80813 | Cripple Creek | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $325,575 | $275,263 | N/A | $535,778 |
| 5-Year CAGR | 2.1% | 1.9% | N/A | 4.9% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 2.9% | 3.5% | - | - |
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 80813 (Cripple Creek, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $325,575 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.9%). 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 80813
Population: 1,691
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 80813
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 deep is the rental pool in Cripple Creek, CO?
Cripple Creek, CO offers a reliable renter base at the $1,188/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong is Cripple Creek, CO for real estate investors?
Cripple Creek, CO clocks in at an investability rating of 3.0/5, with median home values near $326K and average rents around $1,188/mo. That combination puts it in the sturdy tier for investor interest.
Is housing expensive in Cripple Creek, CO?
Homes in Cripple Creek, CO typically sell near $326K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What is it like being a landlord in Cripple Creek, CO?
Cripple Creek, CO operates under CO law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
How high is vacancy risk in Cripple Creek, CO?
Occupancy in Cripple Creek, CO runs predictable with elevated vacancy. Well-priced units at $1,188/mo lease on reasonable timelines.
You know 80813 now. You don’t know where it ranks.
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How 80813 ranks in Colorado Springs, CO
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