Why Live in Palmer Lake
Palmer Lake is a historic neighborhood located between Denver and Colorado Springs, founded in 1871. This mountain community offers a rural experience with access to outdoor activities at Palmer Lake Recreation Area, a 36-acre site ideal for hiking, fishing, and kayaking. Glen Park provides additional outdoor amenities, including a playground, tennis court, and picnic tables. The neighborhood features a mix of historic cabins, modern farmhouses, cozy cabins, and ranch-style homes, with single-family houses ranging from the $400,000s to over $1 million, and townhomes and condos in the upper-$300,000s. Downtown Palmer Lake is characterized by its locally owned cafes, boutiques, and museums, maintaining a timeless feel with its historic buildings. Notable spots include Speedtrap Bistro and Rock House Ice Cream Candy and More. The community hosts various events such as the Palmer Lake Wine Festival, Shakespeare In the Park, and annual holiday celebrations like the Yule Log Christmas and Fourth of July fireworks. Palmer Lake is part of the Lewis-Palmer School District 38, with highly rated schools including Palmer Lake Elementary School, Lewis-Palmer Middle School, and Palmer Ridge High School. The neighborhood is safer than the national average, and its location provides convenient travel via Highway 105 and Interstate 25, with Denver an hour away and Colorado Springs just 30 minutes away.
Home Trends in Palmer Lake, CO
On average, homes in Palmer Lake, CO sell after 74 days on the market compared to the national average of 50 days. The median sale price for homes in Palmer Lake, CO over the last 12 months is $535,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$535,000
Median Single Family Sale Price
$609,000
Average Price Per Sq Ft
$337
Number of Homes for Sale
31
Last 12 months Home Sales
51
Median List Price
$585,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
0%
