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Lamar, CO | City Real Estate Market Analysis

Lamar, Prowers County, Colorado
City Analysis Real Estate Market CO Prowers County
Lamar
Market Insight

Lamar, CO Investment Potential Analysis

Market analysis for Lamar, CO will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

Avg. Home Value
🏠 Median residential property value in Lamar.
0.49%
Property Tax Rate
🏛️ Effective property tax rate for this market.
$31,314
Avg. Household Income
💵 Average annual household income in the area.
7,874
Population
👥 Total city population estimate.
Unemployment Rate
📊 Local unemployment vs. national benchmark.

Lamar, CO Real Estate Market Property Overview

  • Real estate market overview for Lamar, CO, Prowers County
  • Population of 7,874
  • Average household income of $31,314
  • Property tax rate of 0.49%
  • Median resident age of 33.50

Property Details

City Lamar State Colorado
County Prowers Country USA
Population 7,874 Median Age 33.50
Avg. Household Income $31,314 Median Home Value N/A
Unemployment Rate N/A Property Tax Rate 0.49%
Top Industries N/A Economic Overview N/A
Coordinates 38.0740, -102.6154 Properties Listed 0

Model investment returns using Lamar, CO market data as defaults

25%
5.0%
30 years
0.49%
5 years
3.0%
Down Payment Amount:$125,000
Loan Amount:$375,000
Monthly Mortgage:$2,012
Monthly Tax:$490
Total Monthly Payment:$2,502
Monthly Cash Flow:$581
Cash on Cash Return:5.6%
Cap Rate:5.0%
Debt Coverage Ratio:1.23x
IRR (5 years):8.4%
Projected Property Value:$579,637
Total Equity:$234,891
📊Monthly Payment Analysis

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💵Cash on Cash Return

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🚀Internal Rate of Return

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🏛️Property Tax Analysis

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* Calculations use Lamar, CO median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For Lamar, CO Income Property

Key questions for informed investment decisions

What's the overall investment potential of Lamar, CO, considering its demographics and economy? +
Lamar's population of 7,874, with a median age of 33.5, and a median household income of $31,314, suggests a relatively stable market. The poverty rate of 21.5% is somewhat mitigated by an employed population of 3,207 and a health insurance coverage rate of 88.4%, indicating a degree of economic stability and access to healthcare for residents.
How does the ethnic diversity and industry mix in Lamar impact real estate demand? +
The city's ethnic diversity, with top ethnicities being White (44.1%), White Non-Hispanic (28.4%), and Hispanic (20.9%), contributes to a vibrant community. The presence of top industries like Finance & Insurance, Real Estate & Rental & Leasing, and Educational Services, & Health Care & Social Assistance, suggests a demand for housing from professionals in these sectors, potentially supporting rental yields and property appreciation.
What are the implications of Lamar's commute times and transportation methods for real estate investors? +
The average commute time of 13.5 minutes, with top commute methods being driving alone, carpooling, and working from home, indicates a relatively convenient and flexible transportation situation. This, combined with a high health insurance coverage rate of 88.4%, suggests a stable and healthy workforce, which is beneficial for maintaining consistent rental income and property values.
How do poverty rates and health insurance coverage interact to influence tenant quality in Lamar? +
The 21.5% poverty rate in Lamar is a concern, but the 88.4% health insurance coverage rate suggests that many residents have access to employment benefits or other forms of healthcare coverage, potentially indicating a more stable tenant base. This combination could support a working-class market with some degree of employment stability, which is crucial for real estate investors looking for reliable rental income.
What role do median property values, property taxes, and homeownership rates play in assessing Lamar's real estate investment potential? +
Lamar's median property value of $82,700 and median property taxes of $1,831, along with a homeownership rate of 62.3%, suggest a relatively affordable housing market with a significant portion of the population invested in their homes. This could indicate a stable community with potential for long-term property appreciation, especially when considering the city's diverse economy and convenient commute times, making it an attractive location for both homeowners and renters.
What are some of the best neighborhoods to live in Lamar? +
Some of the best neighborhoods to live in Lamar include the areas around South Main Street and Elm Street, which offer a mix of quaint single-family homes and a strong sense of community. According to Nextdoor, Lamar is a peaceful and family-friendly neighborhood with a clean environment and welcoming atmosphere. Additionally, neighborhoods like the ones near John Martin Reservoir State Park offer easy access to outdoor activities and a more rural feel.
What are some fun things to do in Lamar? +
There are plenty of fun things to do in Lamar, including visiting the Petrified Wood Gas Station, the Colorado Welcome Center, and the Big Timbers Museum. Outdoor enthusiasts can enjoy activities like hiking and birdwatching at John Martin Reservoir State Park, or explore the Willow Creek Nature Trail. For a more lively atmosphere, head to Tavern 1301 or Desiree's Night Club.
What is the food scene like in Lamar? +
The food scene in Lamar is diverse and delicious, with a range of options to suit every taste. For Mexican food, head to La Lupita's or Casa Azteca, while BJ's Burgers & Fries serves up tasty drive-in burgers. There are also plenty of great food trucks and restaurants like Becky's Restaurant, which offers a mix of Mexican and American cuisine. Additionally, the town is home to several other Mexican restaurants like La Brisas and Lupitas.
What are the pros and cons of living in Lamar? +
The pros of living in Lamar include its peaceful and family-friendly atmosphere, clean environment, and welcoming community. The town also offers easy access to outdoor activities and a range of cultural attractions. However, some cons include the limited job opportunities and lower median household income compared to other areas in Colorado. Additionally, the town's rural location may make it difficult to access certain amenities or services.
Is Lamar a good place to live? +
Overall, Lamar can be a great place to live for those who value a peaceful and family-friendly atmosphere, outdoor activities, and a strong sense of community. While it may have some limitations in terms of job opportunities and amenities, the town's unique character and natural beauty make it an attractive option for those looking for a more relaxed pace of life. As with any town, it's essential to weigh the pros and cons and consider individual priorities and needs before making a decision.

Things Near Lamar, CO

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About Lamar

Lamar, CO is a city that tends to attract investors looking for affordable housing and a relatively low cost of living. With a median household income of $31,314 and a median property value of $82,700, it's clear that this market is geared towards working-class individuals and families. The poverty rate of 21.5% suggests some risk, but it also indicates a potential for growth and development. The city's diverse economy, with top industries including finance, public administration, and healthcare, provides a stable foundation for investment. The average commute time of 13.5 minutes is relatively short, and the fact that 88.4% of the population has health insurance coverage is a positive indicator of the overall quality of life. However, the city's population of 7,874 and median age of 33.5 may limit its appeal to some investors. The foreign-born population is not well-represented in the data, but the top ethnicities of White, White Non-Hispanic, and Hispanic suggest a relatively diverse community. The GINI coefficient of 0.48 indicates a moderate level of income inequality, which could be a challenge for investors looking to develop affordable housing. Overall, Lamar, CO presents a mix of opportunities and challenges for investors, and a careful analysis of the data is necessary to make an informed decision. The city's homeownership rate of 62.3% and median property taxes of $1,831 are also important factors to consider. With the right strategy and a deep understanding of the local market, investors can find success in Lamar, CO.

Population 7,874
Median Age 33.50
Avg. Household Income $31,314
Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials