Real Estate Investing in Rangely, Colorado (81648)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 81648 (Rangely, 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: 22.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Rangely, CO (81648)?
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Market Analysis: 81648 Rangely
This part of Rio Blanco County is not an easy win. The 81648 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $230K asset, 81648 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 81648 sits on the difficult end of the CO spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 81648 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Rangely's stable or hybrid ZIPs before stepping into 81648. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Rangely:
Property Strategy for 81648
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,150 | $970 | 5.2% | +4.2% | $67,575 |
| 3BR | $219,896 | $1,240 | 4.1% | +4.1% | $73,299 |
| 4BR | $272,751 | $1,530 | 4.0% | +4.3% | $68,188 |
Market Trends
Home Value History (with trend line)
📊 How Does 81648 Compare?
| Metric | 81648 | Rangely | Colorado |
|---|---|---|---|
| Home Value | $230,297 | $230,297 | $535,778 |
| 5-Year CAGR | 3.7% | 3.7% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.0% | 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 81648 (Rangely, CO). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,297 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (3.0%). 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 81648
Population: 2,832
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 81648
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical rental rate in Rangely, CO?
The typical rental in Rangely, CO commands about $873/mo monthly. That rent profile stable cash flow against the $230K purchase basis.
Are tenants stable in Rangely, CO?
Rangely, CO draws a consistent base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
Is Rangely in CO worth investing in?
Our data puts Rangely, CO at 3.0/5 for investability. Home prices of $230K and rents around $873/mo create a solid backdrop for investor activity.
Are homes affordable in Rangely, CO?
Rangely, CO home values average about $230K. That price point suits investors targeting rentals with $873/mo in monthly income.
How should investors approach Rangely, CO?
In Rangely, CO the notable play is typically careful cash-flow rentals with hands-on management. The combination of $230K prices and $873/mo rents suits that approach.
You know 81648 now. You don’t know where it ranks.
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Community Ratings
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