Real Estate Investing in Colorado Springs, Colorado (80923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80923 (Colorado Springs, CO)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
What’s happening in Colorado Springs, CO (80923)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80923 Colorado Springs
ZIP 80923 in Colorado Springs, CO carries a durable set of headwinds. Home values near $467K and rents of $1,960/mo sit inside a market where underwriting has to be tight.
Rent of $1,960/mo on a $467K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 80923 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Colorado Springs have seen price recovery that 80923 has not matched. El Paso County data supports the view that the spread is structural rather than temporary.
The demographic picture in 80923 includes headwinds that any investor should price in. Income distribution skews lower than Colorado Springs averages, and tenant stability requires active management.
Strategically, 80923 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Colorado Springs:
Property Strategy for 80923
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $345,482 | $2,140 | 4.5% | +4.8% | $172,741 |
| 3BR | $427,796 | $2,980 | 5.0% | +5.1% | $142,599 |
| 4BR | $498,576 | $3,390 | 4.9% | +5.0% | $124,644 |
| 5BR | $562,703 | — | — | +5.2% | $112,541 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80923 Compare?
| Metric | 80923 | Colorado Springs | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $467,384 | $247,977 | N/A | $535,778 |
| 5-Year CAGR | 1.7% | 1.7% | N/A | 4.9% |
| Avg Rent | $1,960 | $1,782 | N/A | - |
| Cap Rate | 3.3% | 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 80923 (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 | $467,384 |
| Monthly Rent | $1,960 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 80923
Population: 32,333
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 80923
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Remington Elementary School
Stetson Elementary School
Chinook Trail Elementary School
Inspiration View Elementary School
Odyssey 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
What kind of vacancy should I budget for in Colorado Springs, CO?
Colorado Springs, CO vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the tenant pool like in Colorado Springs, CO?
Expect a solid tenant pool in Colorado Springs, CO. The rental market absorbs $1,960/mo rents without meaningful friction.
What price range are homes in Colorado Springs, CO?
The median home value in Colorado Springs, CO is roughly $467K. That puts it reasonable relative to the CO statewide average.
What does house hacking look like in Colorado Springs, CO?
For house hackers, Colorado Springs, CO is a challenging. The $1,960/mo rent on a unit helps defray the mortgage on a $467K property.
What strategy should investors use in Colorado Springs, CO?
Investors usually favor careful cash-flow rentals with hands-on management in Colorado Springs, CO. With home values at $467K and rents near $1,960/mo, other strategies can work but produce consistent rather than outsized returns.
You know 80923 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80923 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 80923 ranks in Colorado Springs, CO
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