Real Estate Investing in Salida, Colorado (81201)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 81201 (Salida, CO)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
What’s happening in Salida, CO (81201)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 81201 Salida
The 81201 ZIP covers a section of Salida that demands careful diligence. Prices near $717K look accessible, but the work to make a deal cash flow is real.
The 81201 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within CO, ZIP 81201 trails on several market indicators that neighboring Chaffee County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 81201 includes headwinds that any investor should price in. Income distribution skews lower than Salida averages, and tenant stability requires active management.
Distressed ZIPs reward experience. solid returns are possible in 81201, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Salida:
Property Strategy for 81201
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $513,537 | $1,240 | 1.7% | +7.5% | $513,537 |
| 2BR | $617,512 | $1,620 | 1.9% | +8.3% | $308,756 |
| 3BR | $735,800 | $2,250 | 2.2% | +7.9% | $245,267 |
| 4BR | $935,047 | $2,540 | 2.0% | +8.4% | $233,762 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 81201 Compare?
| Metric | 81201 | Salida | Colorado |
|---|---|---|---|
| Home Value | $717,024 | $717,024 | $535,778 |
| 5-Year CAGR | 4.3% | 4.3% | 4.9% |
| Avg Rent | $2,386 | $2,386 | - |
| Cap Rate | 2.6% | 2.6% | - |
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 81201 (Salida, CO). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 81201 (Salida, CO)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $717,024 |
| Monthly Rent | $2,386 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.6%). 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 81201
Population: 9,561
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 81201
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
How landlord-friendly is Salida, CO?
Landlord-friendliness in Salida, CO is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Salida in CO worth investing in?
Investors tracking Salida, CO will find a 3.0/5 rating supported by $717K median home values and $2,386/mo rents. That profile suits long-term holders targeting even-keeled returns.
What is the renter demographic in Salida, CO?
Salida, CO offers a reliable renter base at the $2,386/mo rent level. Tenant turnover is reasonable for well-managed properties.
What does house hacking look like in Salida, CO?
For house hackers, Salida, CO is a challenging. The $2,386/mo rent on a unit helps defray the mortgage on a $717K property.
Where do home prices stand in Salida, CO?
Salida, CO median home values land near $717K. That is reasonable territory for investors looking at $2,386/mo-per-month rentals.
You know 81201 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 81201 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.
AI Market Advisor
Ask questions about investing in 81201 (Salida)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 81201 (Salida, CO).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.