Real Estate Investing in Colorado Springs, Colorado (80904)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80904 (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.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
What’s happening in Colorado Springs, CO (80904)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80904 Colorado Springs
Investors eyeing 80904 need to respect the fundamentals at play. Home values of $441K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 80904 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 80904 sits on the difficult end of the CO spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A impressive renter share of 43% in 80904 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 80904 is an operator game, not a passive one. On balance, entry prices of $441K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Colorado Springs:
Property Strategy for 80904
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $275,461 | $1,290 | 3.4% | +4.7% | $275,461 |
| 2BR | $341,034 | $1,530 | 3.2% | +4.5% | $170,517 |
| 3BR | $455,534 | $2,130 | 3.4% | +4.2% | $151,845 |
| 4BR | $594,660 | $2,420 | 2.9% | +5.0% | $148,665 |
| 5BR | $783,295 | — | — | +5.6% | $156,659 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80904 Compare?
| Metric | 80904 | Colorado Springs | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $440,899 | $247,977 | N/A | $535,778 |
| 5-Year CAGR | 1.3% | 1.7% | N/A | 4.9% |
| Avg Rent | $1,653 | $1,782 | N/A | - |
| Cap Rate | 2.9% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 80904 (Colorado Springs, 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 | $440,899 |
| Monthly Rent | $1,653 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.2% ▲ |
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 80904
Population: 21,369
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 80904
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Edison Elementary School
Mann Middle School
Steele Elementary School
Stratton Elementary School
Jackson Elementary School
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 1,020 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can owner-occupants cash flow in Colorado Springs, CO?
Colorado Springs, CO offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,653/mo rent level.
Is Colorado Springs, CO a friendly market for rental owners?
Colorado Springs, CO falls under CO landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much does a house cost in Colorado Springs, CO?
Homes in Colorado Springs, CO typically sell near $441K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What monthly rent should investors expect in Colorado Springs, CO?
Rental rates in Colorado Springs, CO average $1,653/mo. Tenant demand and $441K home values make the yield look reasonable by investor standards.
Is Colorado Springs, CO a good place for real estate investing?
Colorado Springs, CO stands at an investability rating of 2.0/5, with median home values near $441K and average rents around $1,653/mo. That combination puts it in the impressive tier for investor interest.
You know 80904 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80904 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 80904 ranks in Colorado Springs, CO
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