Real Estate Investing in Del Norte, Colorado (81132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 81132 (Del Norte, CO)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Del Norte, CO (81132)?
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Market Analysis: 81132 Del Norte
ZIP 81132 in Del Norte, CO carries a impressive set of headwinds. Home values near $311K and rents of $963/mo sit inside a market where underwriting has to be tight.
The 81132 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 81132 among CO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From an investor standpoint, 3,309 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.
Strategy in 81132 is an operator game, not a passive one. On the rental side, entry prices of $311K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Del Norte:
Property Strategy for 81132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $241,950 | $950 | 2.8% | +7.7% | $241,950 |
| 2BR | $230,531 | $1,070 | 3.3% | +10.2% | $115,266 |
| 3BR | $326,951 | $1,300 | 2.9% | +9.9% | $108,984 |
| 4BR | $403,800 | $1,680 | 3.0% | +9.9% | $100,950 |
Market Trends
Home Value History (with trend line)
📊 How Does 81132 Compare?
| Metric | 81132 | Del Norte | Colorado |
|---|---|---|---|
| Home Value | $310,789 | $385,650 | $535,778 |
| 5-Year CAGR | 6.0% | 6.5% | 4.9% |
| Avg Rent | $963 | $1,022 | - |
| Cap Rate | 2.4% | 2.1% | - |
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 81132 (Del Norte, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $310,789 |
| Monthly Rent | $963 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (2.4%). 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 81132
Population: 3,309
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 81132
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.
Frequently Asked Questions
Is Del Norte, CO a smart market for rental property?
Del Norte, CO scores 3.0/5 for investability. Home values sit at $311K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Del Norte, CO landlord-friendly?
Del Norte, CO falls under CO landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How do experienced investors play Del Norte, CO?
A careful cash-flow rentals with hands-on management strategy Del Norte, CO best. The market produces reliable results for that approach at the $311K price point.
Can I live-in-and-rent in Del Norte, CO?
The a challenging house-hack environment in Del Norte, CO reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much do tenants pay in Del Norte, CO?
Rents in Del Norte, CO run near $963/mo. Compared with median home prices of $311K that produces solid gross yields for typical rentals.
You know 81132 now. You don’t know where it ranks.
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