Real Estate Investing in Olney Springs, Colorado (81062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 81062 (Olney Springs, CO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).
- 1-year downturn: Values declined 3.3% in the last year.
- Lower household income: $32,813 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Olney Springs, CO (81062)?
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Market Analysis: 81062 Olney Springs
ZIP 81062 inside Crowley County looks affordable on the surface — median value of $170K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,161/mo on a $170K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 81062 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Olney Springs have seen price recovery that 81062 has not matched. Crowley County data supports the view that the spread is structural rather than temporary.
Resident income in 81062 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 81062 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 Olney Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 81062 Compare?
| Metric | 81062 | Olney Springs | Colorado |
|---|---|---|---|
| Home Value | $170,446 | $170,446 | $535,778 |
| 5-Year CAGR | 0.2% | 0.2% | 4.9% |
| Avg Rent | $1,161 | $1,161 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 81062 (Olney Springs, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,446 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +0.2% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 81062
Population: 1,818
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
Frequently Asked Questions
What are home prices like in Olney Springs, CO?
Median home price in Olney Springs, CO is near $170K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is rental property easy to operate in Olney Springs, CO?
The landlord environment in Olney Springs, CO is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Olney Springs, CO a good place for real estate investing?
Olney Springs, CO sits at an investability rating of 3.0/5, with median home values near $170K and average rents around $1,161/mo. That combination puts it in the significant tier for investor interest.
Does a duplex house hack pencil in Olney Springs, CO?
The a challenging house-hack environment in Olney Springs, CO reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Which investment style suits Olney Springs, CO?
Investors usually favor careful cash-flow rentals with hands-on management in Olney Springs, CO. With home values at $170K and rents near $1,161/mo, other strategies can work but produce even-keeled rather than outsized returns.
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