Real Estate Investing in Canon City, Colorado (81212)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 81212 (Canon City, 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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
What’s happening in Canon City, CO (81212)?
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Market Analysis: 81212 Canon City
The 81212 ZIP covers a section of Canon City that demands careful diligence. Prices near $336K look accessible, but the work to make a deal cash flow is real.
In practical terms, the numbers look inviting — $336K purchase price, 0.0% nominal cap — the work to hit that pro forma in 81212 is substantial and deserves full respect.
Statewide comparisons place 81212 among CO's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A durable renter share of 28% in 81212 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. significant returns are possible in 81212, 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 Canon City:
Property Strategy for 81212
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $218,611 | $950 | 3.1% | +3.2% | $218,611 |
| 2BR | $254,142 | $1,240 | 3.5% | +7.2% | $127,071 |
| 3BR | $349,303 | $1,590 | 3.3% | +6.5% | $116,434 |
| 4BR | $415,383 | $1,640 | 2.8% | +6.3% | $103,846 |
| 5BR | $543,954 | — | — | +6.5% | $108,791 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 81212 Compare?
| Metric | 81212 | Canon City | Colorado |
|---|---|---|---|
| Home Value | $335,608 | $335,608 | $535,778 |
| 5-Year CAGR | 3.6% | 3.6% | 4.9% |
| Avg Rent | $1,448 | $1,448 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 81212 (Canon City, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,608 |
| Monthly Rent | $1,448 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 81212
Population: 32,355
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 81212
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
Do rentals sit vacant long in Canon City, CO?
Rental vacancy in Canon City, CO is elevated. Investors should budget normal turnover but not chronic empty units.
Is it easy to find good tenants in Canon City, CO?
The renter base in Canon City, CO is reasonable for the $1,448/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Canon City, CO a smart market for rental property?
With a 3.0/5 investability score, Canon City, CO ranks as a solid market for rental property investors. Median prices of $336K and rents of $1,448/mo drive the underlying numbers.
Does house hacking work in Canon City, CO?
House hacking works a challenging in Canon City, CO. Rents of $1,448/mo against $336K acquisition make the strategy solid for owner-occupants.
What is the median home value in Canon City, CO?
Typical homes in Canon City, CO go for around $336K. The 5-year CAGR of 0.0% consistent price movement.
You know 81212 now. You don’t know where it ranks.
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How 81212 ranks in Ca-¦on City, CO
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