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Palmer Lake

Palmer Lake

Located in El Paso County

$682,214 Average Value
$325 Average Price per Sq Ft
10 Homes For Sale

Historic mountain community

Between Denver and Colorado Springs is the historic neighborhood of Palmer Lake. This cozy mountain community was founded in 1871 and offers a rural experience with access to one of El Paso County’s most beloved outdoor treks.

Getting out for some fresh air

Palmer Lake itself is the town’s ecological gem. One of the best ways to experience the lake is at the Palmer Lake Recreation Area, a 36-acre site at the base of Ben Lomand Mountain. Stroll down the walking paths that line the Southern half and enjoy the view of the willow trees. It’s also part of the Santa Fe Trail and provides opportunities for hiking, fishing and kayaking. For other outdoor spots, Glen Park features a playground, a tennis court and picnic tables for a simple secluded getaway.

From cozy cabins to estates

“There’s a nice mix of old and new,” says Trish Flake, a Broker with Main Street Brokers. “We go back to the 1800, so there are many historic cabins and cottages mixed with new custom construction.” Palmer Lake properties include a variety of architectural types, from modern farmhouses to cozy cabins and ranch-style homes. The prices for these single-family houses range widely from the $400,000s to over $1 million. Prospective buyers can find charming townhomes and condos in the area as well, ranging in the upper-$300,000s. The community is one of three in the Tri-Lake region and rests at an elevation of 7,297 feet, giving residents a sprawling view of the town’s rolling mountains and fields.

Downtown Palmer Lake

Downtown Palmer Lake is the small but essential beating heart of the community. Drive down the dusty road past an eclectic assortment of locally owned cafes, novelty stores, boutiques and museums overlooking the lake. Much of the town maintains its historic buildings, giving the place a timeless feel. Large retailers like Safeway and popular chain restaurants are down Highway 87. For a quick pit stop, sip some coffee at Speedtrap or grab something sweet at Rock House Ice Cream Candy and More.

Social events around town

Feeling social? Palmer Lake hosts many community events for locals to mingle. Try a sip from one of 25 Colorado wineries at the Palmer Lake Wine Festival or experience Shakespeare In the Park at Palmer Lake Village Green. There are many annual holiday celebrations like the Yule Log Christmas and Fourth of July fireworks. When it’s time to get out of the country and explore the city, Denver is 1 hour away, and Colorado Springs is 30 minutes away.

Lewis-Palmer School District 38

In between all the nature-filled amenities, young town residents attend class in Lewis-Palmer School District 38. Palmer Lake Elementary School, which received a B-plus Niche grade, encourages its kids to give back to the community with programs like the Green Panthers environmental club and the K-Kids service organization. A-minus rated Lewis-Palmer Middle School offers unique extracurricular activities for students, from ceramics to Dungeons & Dragons. Palmer Ridge High School also has an A-minus grade and is known for its abundance of sports teams, including gymnastics and ice hockey, supported by its booster club.

Getting around El Paso County

Highway 105 takes residents through the town and Interstate 25 runs along the east side, so interstate travel is a breeze.

Robert Breckenridge
Written By
Robert Breckenridge
Joshua Kassabian
Video By
Joshua Kassabian

Interested in learning more about homes in this area? Reach out to Dianne Schell, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Palmer Lake Housing Trends

Housing Trends

Median List Price
$579,900
Median Sale Price
$570,000
Median Single Family Sale Price
$570,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
37
Median Home Sale Price YoY Change
-5%
Average Price Per Sq Ft
$325

Neighborhood Facts

Number of Homes in Neighborhood
431
Number of Homes for Sale
10
Median Year Built
1996
Months of Supply
3.20
Average Single Family Home Size Sq Ft
2,032
Above the national average
1,924
Median Lot Size Sq Ft
11,325

Open Houses

  • 426 Corona Ave, Palmer Lake, CO 80133

    $480,000

    • 2 Beds
    • 1 Bath
    • 985 Sq Ft
    • 426 Corona Ave
    • New 20 days ago

    Welcome to a beautifully updated home nestled in the heart of charming Palmer Lake! This rare gem offers the perfect blend of modern updates and small-town charm, all within walking distance to trails and parks, with all town amenities a short drive away. Step inside to discover a bright, open floor plan featuring updated flooring, a stainless-steel gas range, and cozy living spaces filled with

    Agent Photo
    Jason Roshek
    Coldwell Banker Beyond
    (719) 427-2357
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  • 113 Oakdale Dr, Palmer Lake, CO 80133

    $609,000

    • 3 Beds
    • 3 Baths
    • 1,704 Sq Ft
    • 113 Oakdale Dr

    Welcome to this beautifully maintained raised ranch-style home in the heart of highly sought-after Palmer Lake and Lewis Palmer School District, where breathtaking mountain and lake views, privacy, and convenience come together. Nestled on a spacious .32-acre lot with no HOA, this property is a true sanctuary, offering the perfect blend of nature and comfort.Step inside where the main

    Agent Photo
    Aimee Fletcher
    Exp Realty LLC
    (719) 628-7577
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  • 752 Westward Ln, Palmer Lake, CO 80133

    $137,000

    • 752 Westward Ln

    Stunning, Private Lot with Breathtaking Views – Your Dream Home Awaits! Nestled in a serene cul-de-sac, this beautiful treed lot offers some of the most spectacular views in all of Palmer Lake. As you drive down the quiet, winding dirt driveway, you'll be greeted by the calming beauty of the trees—then, as they part, you'll be awe-struck by panoramic vistas that stretch across the valley,

    Agent Photo
    Tommy Kenney
    Better Homes and Gardens Real Estate Kenney & Company
    (719) 782-5337
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Palmer Lake Has More Owners

Demographics

Total Population
2,071
Median Age
47
Population under 18
20.2%
On par with the national average
23.8%
Population over 65
22.8%
On par with the national average
19.1%

Finances

Median Household Income
$115,851
Significantly above the national average
$71,702
Average Household Income
$133,080

Education and Workforce

High School Graduates
96%
Above the national average
89.1%
College Graduates
42.9%
Above the national average
34.1%
Advanced Degrees
16.8%
% Population in Labor Force
67.9%

Weather

Annual Precipitation
22''
Average Winter Low Temperature
16°F
Average Summer High Temperature
81°F
Annual Snowfall
64''

Area Factors

Somewhat Bikeable

Bike Score®®

32 / 100

Car-Dependent

Walk Score®®

1 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Palmer Lake