c.1925 Colorado Handyman Special For Sale By Owner $84K

OHU50K Notes   $84,000

Zillow

Roof < 3yrs old. Recently painted, new flooring. Presently using basement for 3rd bedroom. Could add bath to increase value to over $150,000. New sewer connection to street. New furnace, new hot water heater, updated stove and refrigerator. Near Sterling, CO and several recreation areas. Presently occupied renting for $1000 per month.

• 3 beds
• 1 bath
• 1,068 sqft
• 7,000 sqft lot
• Build date 1925

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended. 

314 7th St, Ovid, CO 80744   $84,000

• Contact Realtor: Property Owner (303) 875-4097
• Google Map
• Niche

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Pros and Cons of Living in Ovid, CO

Pros

1. Low Cost of Living & Affordable Housing

• Ovid offers a remarkably low cost of living. Compared to national averages, it’s around 29.5% cheaper overall, and about 41.5% lower than Colorado’s average

• Housing costs are exceptionally low—median home value stands at approximately $120,500, which is 64% less than the national average

• Rentals are affordable too, with two-bedroom units averaging around $810/month

2. Strong Homeownership & Tight-Knit Community

• Approximately 75–83% of residents own their homes, well above national averages—highlighting stability and community ties

• Ovid is known for being a close-knit, friendly town with local gathering spots like the community center (formerly a school) and small-town traditions.

3. Low Cost Essentials & Rural Peace

• Monthly expenses for families and individuals are much lower: roughly $1,920/month for a family and $2,400/month for a single person, saving up to half compared to national costs

• The rural setting and lack of traffic or big-city noise can be a peaceful draw, especially for those seeking quiet or simplicity

4. Overall Livability

• Citytistics rates Ovid’s livability—including education, cost of living, and happiness—as above average

• Niche grades are favorable: schools A–, housing B+, cost of living B+, diversity B+, overall B-

5. Moderate Employment Stats (Mixed)

• Unemployment appears low in some metrics (~1%), although median household income is low at just $26K (about 52% below the state average)

• Per capita income is similarly low, around $21K

Cons

1. High Crime Rates (According to Some Sources)

• Some data indicates crime is alarmingly high—total crime is 153% above the national average, with a 1 in 18 chance of becoming a victim of any crime

• However, these figures may lack context given the low population and statistical noise. PlaceVista data isn’t available for crime, and Citytistics suggests Ovid’s safety is solid

2. Very Small and Declining Population

• With only 271 residents (2020 census), Ovid is extremely small—this contributes to limited services and amenities

• The population has been shrinking, with a ~3.8% decline over five years, which may impact local vitality and economy over time

3. Limited Amenities & Transit

• Amenities like stores, entertainment, or restaurants are few and far between; residents rely heavily on cars to get around

• No public transit options exist, and for many, commutes can be lengthy—average commute is about 40 minutes

4. Low Income & Education Disparities

• Median household income (~$27K) and per capita income (~$21K) both trail significantly behind state and national levels

• Yet, educational attainment is mixed: while the town is rural, “Bachelor’s degree” hold rates (~19.8%) are higher than national averages

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