Foreclosures in Penrose, CO

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Home Value Estimator For Penrose, CO

There are currently 2,211 real estate properties in Penrose, CO, with a median automated valuation model (AVM) price of $282,325.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Penrose, CO, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Penrose, CO, is $326,987.00, with the most expensive house in Penrose, CO, topping out at $3,562,900.00 and the cheapest home in Penrose, CO, clocking in at $38,717.00. In other words, there’s something for every potential homebuyer or savvy investor in Penrose, CO!

Rent Prices In Penrose, CO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Penrose, CO, is on a rollercoaster ride. The average rent price in Penrose, CO, is $1,186.00. Indeed, when looking to rent in Penrose, CO, you can expect to pay as little as $620.00 or as much as $2,470.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Penrose, CO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Penrose, CO In 2024

Penrose is located in Fremont, Colorado, with an estimated municipal population of 3,034 residents. All of the best foreclosed homes for sale in Penrose are located in the following zip code areas on 81240. The estimated population per square kilometer (.62 miles) in Penrose is 65.

Cost Of Living In Penrose, CO

So, about how much do homes cost in Penrose? The most recent median value of resident-owned homes in Penrose is 192,910. An estimated 80.8 percent of households in Penrose own their homes, with an average family size of 2.61. The median household income in Penrose is 66,481, with24.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Penrose, the median commute time of resident workers (in minutes) is 36.6. And last, but certainly not least, are you looking for homes to rent in Penrose? If so, the average rent price paid by renters in Penrose is 1,070, according to recent statistics.

Diversity And Demographics In Penrose, Colorado

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Penrose, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Penrose is 47.5, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Penrose is 67.7, with an average family size of 2.61.

The percentage of residents who report their race in Penrose is as follows:

White 96.7%
Black / African American 0.6%
Asian 1.1%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 0.2%

Looking for family-friendly neighborhoods in and/or near Penrose? Or maybe you are searching for 55+ active adult communities in and/or near Penrose?

The percentage of residents who report their age in Penrose is as follows:

Under 10 14.3%
Aged 10-19 9%
20s 7.3%
30s 11.3%
40s 10.2%
50s 14.8%
60s 20.8%
70s 8.5%
80+ 3.7%

Best Schools In Penrose, Colorado

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Penrose with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Penrose.

Pros And Cons Of Living In Penrose, Colorado

How do you know that living in -- or moving to -- Penrose is right where you need to be? Perhaps you grew up in Penrose or already live nearby; therefore, the decision to buy a home in Penrose is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Penrose for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Penrose:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Penrose.

Reasons To Move To Penrose, Colorado, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Penrose can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Penrose, meanwhile, can field multiple offers from more qualified buyers.

Penrose, CO Foreclosures


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