Real Estate Investing in Colorado Springs, Colorado (80921)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80921 (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 31.2 — hard to cash-flow at these prices.
What’s happening in Colorado Springs, CO (80921)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80921 Colorado Springs
The 80921 ZIP in Colorado Springs, CO is a local-operator market. Outside capital chasing a $717K entry has to pair deep knowledge with the discount.
Rent of $1,917/mo on a $717K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 80921 sits below the stated 0.0% once reality is priced in.
Regionally, 80921 sits on the difficult end of the CO spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 80921 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 80921 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 80921
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $520,705 | $2,310 | 3.2% | +4.7% | $260,352 |
| 3BR | $538,355 | $3,210 | 4.3% | +4.7% | $179,452 |
| 4BR | $711,140 | $3,650 | 3.7% | +5.8% | $177,785 |
| 5BR | $821,864 | — | — | +6.2% | $164,373 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80921 Compare?
| Metric | 80921 | Colorado Springs | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $716,914 | $247,977 | N/A | $535,778 |
| 5-Year CAGR | 2.6% | 1.7% | N/A | 4.9% |
| Avg Rent | $1,917 | $1,782 | N/A | - |
| Cap Rate | 2.1% | 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 80921 (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 | $716,914 |
| Monthly Rent | $1,917 |
| Price-to-Rent | 31.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +1.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 80921
Population: 25,207
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 80921
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Douglass Valley Elementary School
Air Academy High 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
Is it easy to find good tenants in Colorado Springs, CO?
Working renters make up the core of the Colorado Springs, CO tenant base. The pool is reasonable for investors targeting long-term holds.
Is real estate in Colorado Springs, CO a good investment right now?
Colorado Springs, CO posts an investability rating of 3.0/5, with median home values near $717K and average rents around $1,917/mo. That combination puts it in the durable tier for investor interest.
How expensive is real estate in Colorado Springs, CO?
Typical homes in Colorado Springs, CO go for around $717K. The 5-year CAGR of 0.0% even-keeled price movement.
What is it like being a landlord in Colorado Springs, CO?
Colorado Springs, CO operates under CO law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Does house hacking work in Colorado Springs, CO?
House hacking in Colorado Springs, CO is a challenging. With home values around $717K and rents at $1,917/mo, owner-occupants can offset a meaningful share of PITI.
You know 80921 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80921 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 80921 ranks in Colorado Springs, CO
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