Real Estate Investing in Cripple Creek, Colorado (80860)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80860 (Cripple Creek, CO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 32.9% of homes vacant — above national norms.
• 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 Cripple Creek, CO (80860)?
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Market Analysis: 80860 Cripple Creek
ZIP 80860 inside Teller County looks affordable on the surface — median value of $225K — but the discount exists for reasons that a careful buyer should understand before committing.
The 80860 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Meanwhile, 80860 offers a low basis, the region around Cripple Creek has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 80860 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 80860, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Cripple Creek:
Property Strategy for 80860
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $152,198 | $1,200 | 5.7% | +6.6% | $152,198 |
| 2BR | $200,695 | $1,320 | 4.7% | +4.3% | $100,348 |
| 3BR | $292,219 | $1,850 | 4.6% | +5.3% | $97,406 |
Market Trends
Home Value History (with trend line)
📊 How Does 80860 Compare?
| Metric | 80860 | Cripple Creek | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $224,952 | $275,263 | N/A | $535,778 |
| 5-Year CAGR | 1.8% | 1.9% | N/A | 4.9% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 4.1% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 80860 (Cripple Creek, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,952 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (4.1%). 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 80860
Population: 589
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
Should investors consider Cripple Creek, CO?
With a 3.0/5 investability score, Cripple Creek, CO ranks as a solid market for rental property investors. Median prices of $225K and rents of $1,188/mo drive the underlying numbers.
What is it like being a landlord in Cripple Creek, CO?
CO law landlord-friendly for landlords, and Cripple Creek inherits those rules. Investors should still review local ordinances for rental licensing.
Are rents high in Cripple Creek, CO?
Rents in Cripple Creek, CO run near $1,188/mo. Compared with median home prices of $225K that produces solid gross yields for typical rentals.
Is Cripple Creek, CO a good market for FHA house hackers?
Cripple Creek, CO is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $225K price point reasonable to enter.
Is Cripple Creek, CO better for rentals, flips, or BRRRR?
For Cripple Creek, CO, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 80860 now. You don’t know where it ranks.
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How 80860 ranks in Colorado Springs, CO
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