Palmer Lake, CO—80133
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palmer Lake, CO
As of Oct '25, the median home price in Palmer Lake, CO is $515,000, with a year-over-year change of 0.6%. This indicates that home prices in Palmer Lake, CO are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $515,000 | 0.6% |
| Single Family | $521,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $423,000 | 1.0% |
3 Bed | $501,000 | 1.0% |
4 Bed | $608,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palmer Lake, CO
As of July '25, Rentcast reports the average rent in Palmer Lake, CO is $2,240, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Palmer Lake, CO is 1-bedrooms: $1,980, 3-bedrooms: $2,500. The most common rental property sizes in Palmer Lake, CO are 2-bedroom and 1-bedroom, accounting for 28.0% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,980 | $1,980 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Palmer Lake, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Palmer Lake, CO is 85. This is a increase of 5.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $589,000 | -7.0% |
Listing Count | 33 | 173.0% |
| Listings as % of Homes | 0.4% | 173.0% |
Days on Market | 85 | 5.0% |
Demographics — Palmer Lake, CO
As of the latest ACS Survey released in 2023, Palmer Lake, CO has a population of 2,480, which has decreased by -3.0% over the past 5 years. Palmer Lake, CO is a less popular place for families, as children make up 12.1% of the population. The area has a moderately educated workforce, with 44.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,480 | -3.0% |
% Under 18 | 12.1% | -50.0% |
% Seniors | 19.8% | 104.1% |
% WFH | 21.7% | 233.8% |
% w/ College Degree | 44.3% | 32.6% |
As of the latest ACS Survey released in 2023, Palmer Lake, CO is a predominantly white area, with 80.6% of the population identifying as white. The white population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Palmer Lake, CO is hispanic, making up 12.3% of the population. Foreign-born residents account for 8.6% of the population in Palmer Lake, CO, and this percentage has decreased by 14.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.6% | 7.2% |
% Black | 2.5% | 316.7% |
% Hispanic | 12.3% | -42.8% |
% Asian | 0.4% | -55.6% |
% Foreign Born | 8.6% | -14.0% |
Mortgage and Risk — Palmer Lake, CO
According to HUD data as of 2023, there were 113 mortgage originations in Palmer Lake, CO, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Palmer Lake, CO. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Palmer Lake, CO
Palmer Lake, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | -$630 | $1,980 | $1,350 |
| 2 Bedroom | N/A | N/A | $1,630 |
| 3 Bedroom | -$220 | $2,500 | $2,280 |
| 4 Bedroom | N/A | N/A | $2,610 |
Affordability — Palmer Lake, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $515,000 |
| Median Household Income | $123,000 |