Real Estate Investing in Colorado Springs, Colorado (80908)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80908 (Colorado Springs, CO)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
What’s happening in Colorado Springs, CO (80908)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80908 Colorado Springs
Investors eyeing 80908 need to respect the fundamentals at play. Home values of $678K come alongside slower price movement and elevated management overhead.
The 80908 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 80908 among CO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From a cash-flow lens, 23,358 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 80908 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Colorado Springs:
Property Strategy for 80908
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $518,105 | $1,900 | 2.6% | +5.5% | $259,053 |
| 3BR | $514,750 | $2,680 | 3.7% | +4.5% | $171,583 |
| 4BR | $715,548 | $3,150 | 3.2% | +6.1% | $178,887 |
| 5BR | $916,878 | — | — | +7.3% | $183,376 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80908 Compare?
| Metric | 80908 | Colorado Springs | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $678,463 | $247,977 | N/A | $535,778 |
| 5-Year CAGR | 2.7% | 1.7% | N/A | 4.9% |
| Avg Rent | $2,223 | $1,782 | N/A | - |
| Cap Rate | 2.6% | 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 80908 (Colorado Springs, CO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 80908 (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 | $678,463 |
| Monthly Rent | $2,223 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 80908
Population: 23,358
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 80908
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 1,020 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What investment strategy works best in Colorado Springs, CO?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Colorado Springs, CO. The numbers - $678K homes against $2,223/mo rents - support that play.
Are landlord laws favorable 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.
What is the average monthly rent in Colorado Springs, CO?
Average rent in Colorado Springs, CO is approximately $2,223/mo per month. Against $678K home values that yields a reasonable rent-to-price ratio.
What kind of tenants rent in Colorado Springs, CO?
The tenant pool in Colorado Springs, CO is solid, supported by local employment and population fundamentals. Rents of $2,223/mo are well-absorbed by the market.
Should investors consider Colorado Springs, CO?
Our data puts Colorado Springs, CO at 3.0/5 for investability. Home prices of $678K and rents around $2,223/mo create a solid backdrop for investor activity.
You know 80908 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80908 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 80908 ranks in Colorado Springs, CO
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