Real Estate Investing in Colorado Springs, Colorado (80924)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 80924 (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 28.4 — hard to cash-flow at these prices.
What’s happening in Colorado Springs, CO (80924)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 80924 Colorado Springs
This part of El Paso County is not an easy win. The 80924 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 80924 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 80924 among CO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 80924 ZIP's population of 17,043 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategy in 80924 is an operator game, not a passive one. Looking more closely, entry prices of $652K 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 80924
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $421,301 | $2,400 | 4.1% | +4.3% | $210,651 |
| 3BR | $496,990 | $3,360 | 4.9% | +4.4% | $165,663 |
| 4BR | $668,391 | $3,840 | 4.1% | +5.0% | $167,098 |
| 5BR | $716,783 | — | — | +5.2% | $143,357 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 80924 Compare?
| Metric | 80924 | Colorado Springs | Colorado Springs, CO | Colorado |
|---|---|---|---|---|
| Home Value | $652,476 | $247,977 | N/A | $535,778 |
| 5-Year CAGR | 1.7% | 1.7% | N/A | 4.9% |
| Avg Rent | $1,914 | $1,782 | N/A | - |
| Cap Rate | 2.3% | 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 80924 (Colorado Springs, CO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 80924 (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 | $652,476 |
| Monthly Rent | $1,914 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +1.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 80924
Population: 17,043
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 80924
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
High Plains Elementary School
Academy Endeavour Elementary School
Academy International Elementary School
Prairie Hills Elementary School
Frontier 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
Is vacancy a concern in Colorado Springs, CO?
Vacancy in Colorado Springs, CO is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,914/mo.
Where do rents currently stand in Colorado Springs, CO?
Rents in Colorado Springs, CO run near $1,914/mo. Compared with median home prices of $652K that produces solid gross yields for typical rentals.
How deep is the rental pool in Colorado Springs, CO?
Tenant quality in Colorado Springs, CO ranks as solid. Landlords generally report reliable occupancy at market rents of $1,914/mo.
What is it like being a landlord in Colorado Springs, CO?
Rental owners in Colorado Springs, CO deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What price range are homes in Colorado Springs, CO?
Typical homes in Colorado Springs, CO go for around $652K. The 5-year CAGR of 0.0% predictable price movement.
You know 80924 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 80924 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 80924 ranks in Colorado Springs, CO
Every ZIP in this metro, ranked. Free.
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