Real Estate Investing in Colorado Springs, Colorado (80906)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80906 (Colorado Springs, 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 25.8 — hard to cash-flow at these prices.
What’s happening in Colorado Springs, CO (80906)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80906 Colorado Springs
The 80906 ZIP in Colorado Springs, CO is a local-operator market. Outside capital chasing a $528K entry has to pair deep knowledge with the discount.
The 80906 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 80906 and stronger Colorado Springs ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 80906 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 80906 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 Colorado Springs:
Property Strategy for 80906
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $248,742 | $1,590 | 4.6% | +4.6% | $248,742 |
| 2BR | $301,685 | $1,880 | 4.5% | +4.1% | $150,843 |
| 3BR | $419,027 | $2,610 | 4.5% | +4.3% | $139,676 |
| 4BR | $650,564 | $2,970 | 3.3% | +5.5% | $162,641 |
| 5BR | $889,055 | — | — | +6.0% | $177,811 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80906 Compare?
| Metric | 80906 | Colorado Springs | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $527,808 | $247,977 | N/A | $535,778 |
| 5-Year CAGR | 1.5% | 1.7% | N/A | 4.9% |
| Avg Rent | $1,707 | $1,782 | N/A | - |
| Cap Rate | 2.5% | 3.0% | - | - |
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 80906 (Colorado Springs, CO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 80906 (Colorado Springs, CO)?
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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 | $527,808 |
| Monthly Rent | $1,707 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 80906
Population: 37,403
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 80906
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,523 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Colorado Springs, CO a good place for real estate investing?
Colorado Springs, CO posts an investability rating of 2.0/5, with median home values near $528K and average rents around $1,707/mo. That combination puts it in the substantial tier for investor interest.
What monthly rent should investors expect in Colorado Springs, CO?
Rental rates in Colorado Springs, CO average $1,707/mo. Tenant demand and $528K home values make the yield look reasonable by investor standards.
Which investment style suits Colorado Springs, CO?
Investors usually favor careful cash-flow rentals with hands-on management in Colorado Springs, CO. With home values at $528K and rents near $1,707/mo, other strategies can work but produce consistent rather than outsized returns.
Do rentals sit vacant long in Colorado Springs, CO?
Rental vacancy in Colorado Springs, CO is elevated. Investors should budget normal turnover but not chronic empty units.
How do landlord-tenant laws work in Colorado Springs, CO?
CO law landlord-friendly for landlords, and Colorado Springs inherits those rules. Investors should still review local ordinances for rental licensing.
You know 80906 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80906 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 80906 ranks in Colorado Springs, CO
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