Why Live in Penrose
Penrose, a rural community in southern Colorado, offers a semi-arid landscape with juniper woodlands, hot springs, and the Arkansas River, providing ample outdoor activities. Located between Pueblo and Colorado Springs, Penrose allows residents to enjoy city access without the traffic and proximity to the mountains. The neighborhood features spacious, flat lots with traditional farmhouses and ranch-style homes, many developed between the 1980s and 2010. Properties often sit on 3-acre lots, with some extending to 40 acres, suitable for farming and raising livestock. The area is prone to wildfires and has moderate heat risk during summer months. Popular attractions include Dakota Hot Springs, Brush Hollow Reservoir, and Florence River Park, while Penrose Park & Recreation District offers playgrounds and sports courts. The community hosts the Apple Day Festival in October. Broadway, the main commercial area, features local establishments like Coyote's Coffee Den and Penrose Pizzeria & Pub. Residents can find groceries at Neighborhood Market, with additional options in nearby Florence, 6 miles away. Penrose is served by Fremont County Transit, providing access to Pueblo, 30 miles east, and Colorado Springs, 35 miles north. The local airports, Pueblo Memorial Airport and Colorado Springs Airport, offer flights to major cities.
Frequently Asked Questions
What is the average home price in Penrose, CO?
Homes for sale in Penrose, CO have an average home price of $525,364.
How many homes have sold over the last 12 months in Penrose, CO?
105 homes have sold in Penrose, CO over the last 12 months.
What are the most popular zip codes in Penrose, CO?
How much do you need to make to afford a house in Penrose?
The median home price in Penrose is $462,777. If you put a 20% down payment of $92,600 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,410 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $103K a year to afford the median home price in Penrose.
How are the schools in Penrose, CO?
Home Trends in Penrose, CO
On average, homes in Penrose, CO sell after 74 days on the market compared to the national average of 50 days. The median sale price for homes in Penrose, CO over the last 12 months is $398,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$398,000
Median Single Family Sale Price
$439,000
Average Price Per Sq Ft
$251
Number of Homes for Sale
56
Last 12 months Home Sales
105
Median List Price
$462,777
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
8%
