Penrose, CO—81240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penrose, CO
As of Oct '25, the median home price in Penrose, CO is $378,000, with a year-over-year change of 1.5%. This indicates that home prices in Penrose, CO are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $378,000 | 1.5% |
| Single Family | $379,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $306,000 | 1.0% |
3 Bed | $377,000 | 1.1% |
4 Bed | $463,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Penrose, CO
Penrose, CO lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Penrose, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Penrose, CO is 98. This is a increase of 57.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $485,000 | -3.0% |
Listing Count | 45 | 35.0% |
| Listings as % of Homes | 1.3% | 35.0% |
Days on Market | 98 | 57.0% |
Demographics — Penrose, CO
As of the latest ACS Survey released in 2023, Penrose, CO has a population of 4,530, which has increased by 25.7% over the past 5 years. Penrose, CO is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,530 | 25.7% |
% Under 18 | 24.7% | 9.8% |
% Seniors | 19.0% | -24.6% |
% WFH | 10.1% | 87.0% |
% w/ College Degree | 29.3% | 9.7% |
As of the latest ACS Survey released in 2023, Penrose, CO is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Penrose, CO is hispanic, making up 6.1% of the population. Foreign-born residents account for 1.7% of the population in Penrose, CO, and this percentage has increased by 54.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.0% | -0.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.1% | -18.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.7% | 54.5% |
Mortgage and Risk — Penrose, CO
According to HUD data as of 2023, there were 99 mortgage originations in Penrose, CO, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Penrose, CO. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Penrose, CO
Penrose, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,180 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Penrose, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $378,000 |
| Median Household Income | $79,500 |