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Penrose, CO Homes for Sale

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  • /38

    $799,000

    • 4 Beds
    • 3.5 Baths
    • 4,405 Sq Ft

    1893 County Road 127, Penrose, CO 81240

    Nestled just outside the city, this wonderful 4,405 SF home offers the perfect blend of peaceful country living and easy access to city amenities and employment. Built in 1992, the home features 4 spacious bedrooms and 3.5 baths. The finished basement includes a second kitchen, creating a private apartment-style space ideal for guests or multigenerational living. The main kitchen is generous in

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    Shelley Keller

    Homesmart Preferred Realty

    (719) 652-5690

    1893 County Road 127, Penrose, CO 81240
  • /50

    $1,100,000

    • 5 Beds
    • 4 Baths
    • 4,006 Sq Ft

    1183 2nd St, Penrose, CO 81240

    Your Dream Home Awaits in Penrose, CO!Discover the perfect blend of small-town charm and Rocky Mountain beauty in this exceptional home. Offering serene living with easy access to local amenities and outdoor adventures, this property is a rare gem you won’t want to miss.Why You'll Love It:Inviting Outdoor Spaces: Start your day on the covered front porch with a cup of

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    Mike Kenney

    Better Homes and Gardens Real Estate Kenney & Company

    (719) 674-8963

    1183 2nd St, Penrose, CO 81240
  • /30

    $225,000

    • Land
    • 28 Acres
    • $8,047 per Acre

    2 8th St, Penrose, CO 81240

    A DIAMOND in the ROUGH! 27.9 acres with a permitted HOT ARTESIAN WELL (92 degrees) which can be used for Irrigation and medicinal purposes. Was used in the past by many locals for it's healing capabilities. Also has BEAVER CREEK running through the land from north to south for livestock to drink from. Views of the surrounding mountains, could be a solar site or power is about 1/8 of a mile.

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    Linda Mattson

    Homesmart Preferred Realty

    (719) 280-5767

    2 8th St, Penrose, CO 81240
  • /7

    $170,000

    • Land
    • 8 Acres
    • $20,885 per Acre

    15941 Vietnam Veterans Memorial Hwy, Penrose, CO 81240

    Discover the perfect blend of rural charm and agricultural opportunity with this 8.14-acre parcel located in the heart of Penrose, Colorado. Offering expansive views of the surrounding countryside and Pikes Peak in the distance, this level, usable land is ideal for building your dream home, starting a hobby farm, or investing in Colorado land this property has plenty of space for a custom home,

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    Chris Montoya

    Keller Williams Performance Realty

    (719) 826-6823

    15941 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /7

    $649,000

    • Land
    • 9 Acres
    • $69,043 per Acre

    934 C St, Penrose, CO 81240

    Discover a rare investment opportunity in Penrose, Colorado, featuring three distinct properties spanning 14.6 acres. These properties can be sold together as a package or separately, offering flexibility for residential, commercial, and agricultural ventures. The motivated seller ensures a compelling value proposition! 1. Commercial Property – Prime Highway 115 Frontage (2.57 Acres) Location:

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    Tyson Cool

    Properties of Colorado Real Estate Inc

    (719) 416-3179

    934 C St, Penrose, CO 81240
  • /50

    $775,000

    • 2 Beds
    • 2 Baths
    • 1,264 Sq Ft

    8200 County Road 132, Penrose, CO 81240

    One of a kind opportunity to own 73+ acres ie two 35+parcels, one has a COZY RANCHER with covered front deck to take in the amazing views of Table Mountain and the BEAVER CREEK WILDERNESS AREA, which has a BEAVER CREEK Trout Steam, all within walking distance. Home is a comfortable 2 bed 2 bath with a SOLAR SYSTEM hooked up to the grid for super low power bills and a NEWER FREE STANDING PELLET

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    Linda Mattson

    Homesmart Preferred Realty

    (719) 353-6629

    8200 County Road 132, Penrose, CO 81240
  • /37

    $365,000

    • 4 Beds
    • 2 Baths
    • 1,200 Sq Ft

    369 G St, Penrose, CO 81240

    Charming 4-Bedroom Ranch Home nestled on a 0.69-acre lot in in Penrose, CO. Welcome to this character-filled 4BR, 2BA home with 1,200 sf of well-designed living space. This home offers an open floor plan, swamp cooler for summer comfort, and durable wood laminate flooring throughout for easy maintenance. The inviting Living Room features a decorative wood-paneled wall and a lighted ceiling fan.

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    Tami Jo Belsey

    RE/MAX Properties Inc

    (719) 631-1674

    369 G St, Penrose, CO 81240
  • /2

    $649,000

    • 2 Beds
    • 1 Bath
    • 1,020 Sq Ft

    914 C St, Penrose, CO 81240

    Discover a rare investment opportunity in Penrose, Colorado, featuring three distinct properties spanning 14.6 acres. These properties can be sold together as a package or separately, offering flexibility for residential, commercial, and agricultural ventures. The motivated seller ensures a compelling value proposition! 1. Commercial Property – Prime Highway 115 Frontage (2.57 Acres) Location:

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    Tyson Cool

    Properties of Colorado Real Estate Inc

    (719) 824-4857

    914 C St, Penrose, CO 81240
  • /2

    $50,000

    • Land
    • 0.09 Acre
    • $555,556 per Acre

    000 Vietnam Veterans Memorial Hwy, Penrose, CO 81240

    Prime Highway 115 Visibility – Small Lot, Big Opportunity! Don't let the size fool you—this small but mighty lot offers exceptional visibility right off Highway 115, making it a strategic spot for signage, small business potential, or investment. With high traffic exposure and easy access, it's an ideal location to get noticed. Whether you're looking to advertise, build, or hold, this highly

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    Tyson Cool

    Properties Of Colorado CC

    (719) 417-9057

    000 Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /23

    $199,000

    • 3 Beds
    • 2 Baths
    • 1,216 Sq Ft

    205 Illinois St, Penrose, CO 81240

    Discover this beautifully renovated home in the heart of Penrose, perfect for first-time homeowners or savvy investors. The property features a 6-foot privacy-fenced yard with alley access and a spacious deck ideal for relaxation and entertaining. Inside, you'll find fresh vinyl plank flooring and new paint throughout. The expansive kitchen, complete with a breakfast bar and ample space for a

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    Tyson Cool

    Properties of Colorado Real Estate Inc

    (719) 689-8780

    205 Illinois St, Penrose, CO 81240
  • /41

    $599,000

    • 2 Beds
    • 1 Bath
    • 1,104 Sq Ft

    3325 County Road 132, Penrose, CO 81240

    Discover a rare opportunity to own 117 acres of pristine land, thoughtfully designed for ranch and equine enthusiasts. This property is more than just land and structures—it's the embodiment of an attainable ranch lifestyle, conveniently located near major amenities. As you approach, a serene seasonal stream and pond welcomes you before passing through the main gate. You are met with a

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    Tyson Cool

    Properties of Colorado Real Estate Inc

    (719) 451-7984

    3325 County Road 132, Penrose, CO 81240
  • /28

    $395,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,670 Sq Ft

    772 7th St, Penrose, CO 81240

    Welcome home to this brand new beautiful three bed two full bathroom home on 1.6 acres of land. Entering the home from the covered porch, you are met with a large family room that has tons of windows to showcase the mountain views. Entering into the kitchen, you will find a "mile long" serve across bar island. The kitchen boasts large cabinets and countertop space for all your cooking needs.

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    Tyson Cool

    Properties Of Colorado CC

    (719) 695-7555

    772 7th St, Penrose, CO 81240
  • /40

    $635,000

    • 3 Beds
    • 2 Baths
    • 4,102 Sq Ft

    1400 K St, Penrose, CO 81240

    Updated Brick Ranch on 4.7 Irrigated Acres with Horse Barn with Adjacent Irrigated Parcel AvailableThis well-maintained brick ranch in Penrose, Colorado, offers move-in-ready comfort on 4.7 irrigated, fenced, and cross-fenced acres—complete with a 30x30 horse barn, small corral, and shade trees. An adjoining 4.7-acre irrigated parcel is also available, providing room to expand or

    Tony Greer Keller Williams Performance Realty

    1400 K St, Penrose, CO 81240
  • /49

    $799,000

    • 4 Beds
    • 3 Baths
    • 3,175 Sq Ft

    39 5th St, Penrose, CO 81240

    Set on 20 picturesque acres, this 3,175 SQFT ranch home blends luxury with country charm, complete with 16 shares of Beaver Park ditch. Designed for both entertaining and everyday comfort, the home offers 4 spacious bedrooms, 2 bathrooms, a designated office space and a gourmet kitchen featuring pine cabinetry, generous countertops, a central island with gas stove, and fireplace. Relax by the

    Katalena McNew Keller Williams Performance Realty

    39 5th St, Penrose, CO 81240
  • /50

    $678,500

    • 4 Beds
    • 2.5 Baths
    • 2,290 Sq Ft

    770 Cedar Hills Rd, Penrose, CO 81240

    Calling all hobby farmers, outdoor enthusiasts, homesteaders or anyone seeking privacy with all the modern comforts.Updated in 2025, this spacious 1.5 story home is a blend of modern upgrades and rural charm and sits on 20+ private acres backing to almost 900 acres of state land, and just minutes from Brush Hollow Reservoir and Penrose Commons ATV Park. The well-designed interior features a

    KRISTI MEYER Real Broker, LLC

    770 Cedar Hills Rd, Penrose, CO 81240
  • /47

    $1,250,000

    • 8,660 Sq Ft

    708 Fremont St, Penrose, CO 81240

    Rare opportunity to own a historic South Colorado building with a lot of history. It has become a landmark with the Billboard and one of the World's largest Rocking Chairs. One of a kind building with high ceilings, wood beams, and brick. Muriel's inside and out. Many upgrades, including electric, plumbing and roof. It would be a great event center or restaurant with opportunities to make it your

    Sam Banning Homesmart Preferred Realty

    708 Fremont St, Penrose, CO 81240
  • /49

    $500,000

    • 2 Beds
    • 1.5 Baths
    • 1,344 Sq Ft

    21691 County Road 67, Penrose, CO 81240

    Incredible OFF-THE-GRID mountain retreat on 40 acres with BLM land on two sides featuring SOLAR, PROPANE, and NATURAL SPRING. This property allows the hustle and bustle of everyday life to slow down as you soak in the natural beauty of all Colorado has to offer. Tucked away on the land is a two story cabin style home. The main level walks into a covered and heated front porch. Through the front

    Troy MacDonald eXp Realty, LLC

    21691 County Road 67, Penrose, CO 81240
  • /60

    $969,900

    • 3 Beds
    • 3 Baths
    • 4,184 Sq Ft

    507 van Egmond Dr, Penrose, CO 81240

    Welcome to this striking adobe-style home tucked behind a gated entrance on 35+ secluded acres in Penrose, Colorado. Surrounded by rolling hills and stunning natural terrain, this Southwestern-inspired residence offers panoramic views, modern comforts, and unmatched privacy--perfect for a primary home, or a Colorado retreat.The home's bold stucco facade and flat rooflines echo classic Pueblo

    Jerrod Meyer Whitetail Properties Real Estate, LLC

    507 van Egmond Dr, Penrose, CO 81240
  • /9

    $699,900

    • 3 Beds
    • 2 Baths
    • 2,812 Sq Ft

    47 Top Rail Trail, Penrose, CO 81240

    Come home to this brand-new 3-Bedroom Luxury Property with expansive views - $699,900! Discover this stunning new 3-bedroom, 2.5-bathroom home, offering 2,812 sq. ft. of modern luxury on 2 acres of prime horse property. Located just 25 minutes from Fort Carson and Colorado Springs, this home combines functionality with lovely views and contemporary design. Key Features: The gorgeous

    Brett Brady New Home Star, LLC

    47 Top Rail Trail, Penrose, CO 81240
  • /41

    $799,000

    • 1 Bed
    • 1 Bath
    • 1,180 Sq Ft

    18461 Colorado 115, Penrose, CO 81240

    Custom Solar Home with creek, views and more Escape to your own private wilderness with this unique off-grid solar powered home, nestled on 40 acres of pristine Colorado landscape. This property is surrounded by state and BLM land and offers unmatched privacy, endless recreational oppertunities and direct connection to nature - with an abundance of wildlife right outside your door. Beaver Creek

    Greg Hanson TRELORA Realty

    18461 Colorado 115, Penrose, CO 81240
  • /36

    $565,000

    • 5 Beds
    • 2 Baths
    • 2,893 Sq Ft

    925 2nd St, Penrose, CO 81240

    Set on 15 acres, this move-in-ready property offers a rare blend of character, privacy, and pride of ownership. Most of the interior doors came from the historic Antlers Hotel in Colorado Springs, giving the home a timeless and distinctive feel. Since purchasing, the owners have completed extensive upgrades—too many to list—including a remodeled kitchen and new stucco exterior. The home also

    KAYLA BRADY Homesmart Preferred Realty

    925 2nd St, Penrose, CO 81240
  • /85

    $789,000

    • 4 Beds
    • 4 Baths
    • 6,028 Sq Ft

    1593 Top Notch Trail, Penrose, CO 81240

    Priced well below market with instant equity at closing, this custom 6,800 sq ft, 4 bed, 4 bath home on 2.9 acres is packed with features. The chef's kitchen boasts granite counters, stainless appliances, radiant heat cooktop with pot filler, double ovens, prep sink, soft-close maple cabinets, large island, and breakfast bar. Cozy up by the gas fireplace in the open living room with wet bar, mini

    Dave Mauro Sun Mesa

    1593 Top Notch Trail, Penrose, CO 81240
  • /50

    $875,000 Open Sun 3PM - 5PM

    • 3 Beds
    • 2.5 Baths
    • 2,518 Sq Ft

    321 Bowie Rd, Penrose, CO 81240

    Welcome to a private retreat situated on nearly 38 acres of land. This exceptional custom-built adobe ranch-style residence boasts a three-car attached garage and offers luxurious living. The stunning home showcases a living room with a striking gas kiva fireplace and an abundance of window space to bring in the natural light. The expansive open gourmet kitchen serves as the heart of the home,

    Cisco Tercero The Tercero Group Realty

    321 Bowie Rd, Penrose, CO 81240
  • /50

    $537,500

    • 4 Beds
    • 3 Baths
    • 2,952 Sq Ft

    855 Marilyn Dr, Penrose, CO 81240

    Looking for an amazing property? This completely remodeled custom home offers it all! 2952 square feet with 4 bed, 3 bath, 3 car, detached garage/shop sits on a fabulous 3.03-acre parcel. Main level open floor plan features beautiful tile flooring Well-designed kitchen has soft close quality cabinets w/ some pull-outs, breakfast bar appliances are included. Dinning room has a entrance to a

    Dirk Fowler Homesmart Preferred Realty

    855 Marilyn Dr, Penrose, CO 81240
  • /46

    $489,900

    • 3 Beds
    • 3 Baths
    • 2,629 Sq Ft

    1023 9th St, Penrose, CO 81240

    Quiet country living meets modern comfort on this versatile agricultural property featuring a well maintained 3-bedroom, 3 full bathroom modular home built in 2021. Nestled on 2.62 acres of usable land ideal for hobby farming or simply enjoying a bit more open space and privacy. Offering a spacious and efficient layout with some inset ceilings, fabulous kitchen, dedicated office and recreation

    Suzi Adamson All Seasons Llc

    1023 9th St, Penrose, CO 81240
  • /44

    $380,000

    • 3 Beds
    • 2 Baths
    • 1,456 Sq Ft

    5101 County Road 123, Penrose, CO 81240

    The seller agrees to a $10,000 flooring concession! Discover the perfect blend of rural charm and modern amenities on this 9.7-acre parcel near Penrose, Colorado. Zoned AR (Agricultural Residential), this property offers endless possibilities, whether you’re looking for a private retreat, a hobby farm, or a space to build your dream home.Enjoy breathtaking mountain and plains views from

    GAYLORD KNEPP Sweet Homes Realty

    5101 County Road 123, Penrose, CO 81240
  • /23

    $347,900

    • 3 Beds
    • 2 Baths
    • 1,500 Sq Ft

    359 8th St, Penrose, CO 81240

    Welcome to your new home! This stunning new build offers the perfect blend of modern amenities and design, featuring 3 bedrooms, 2 full bathrooms. Nestled within walking distance of Penrose Elementary School, close to Canon City, Pueblo, and Colorado Springs. Step inside to an open concept split bedroom design that seamlessly flows from room to room. The heart of the home boasts large granite

    Louise Young Properties Of Colorado Inc

    359 8th St, Penrose, CO 81240
  • /22

    $650,000

    • Land
    • 163 Acres
    • $3,994 per Acre

    TBD Vietnam Veterans Memorial Hwy, Penrose, CO 81240

    This is a once-in-a-lifetime opportunity to own 160+ acres of Paradise. Year-round water full of trout. Extremely private, bordered by public lands including Beaver Creek Wilderness area, Stat of Colorado and BLM Land. Several building sites for "off-the-gird" living. Convenient location for Colorado Springs, Pueblo, or Canon City Commuting. The property has historical significance and an

    Brandon Angel Keller Williams Performance Realty

    TBD Vietnam Veterans Memorial Hwy, Penrose, CO 81240
  • /30

    $375,000

    • 3 Beds
    • 2 Baths
    • 1,740 Sq Ft

    106 Grant St, Penrose, CO 81240

    Welcome to your dream home on a corner lot! This beautifully updated residence features three large, inviting bedrooms and two modern bathrooms. As you enter, you'll be greeted by a spacious, light-filled living area with a wood-burning fireplace. The updated kitchen boasts sleek countertops, stainless steel appliances, and ample cabinet space, which opens to a large dining area. The primary

    The Blickenstaff Group Keller Williams Performance Realty

    106 Grant St, Penrose, CO 81240
  • /29

    $385,000

    • 3 Beds
    • 2 Baths
    • 1,630 Sq Ft

    12 Grant St, Penrose, CO 81240

    Home sweet home! A perfect home that has a little bit of everything for you and yours! This 3 bedroom, 2 bathroom home is better than new and shows it when you first walk in. Split-bedroom design with large rooms and vaulted ceilings. Master bedroom with full bath en-suite boasting marble surround and double closets. Beautiful vinyl flooring and 2 panel doors, large central living room and

    Brandon Angel Keller Williams Performance Realty

    12 Grant St, Penrose, CO 81240
  • /2

    $70,000

    • Land
    • 2.84 Acres
    • $24,613 per Acre

    48 Tumbleweed Trail, Penrose, CO 81240

    Amazing 2.8 acre corner lot in Top Rail Ranch Estates with great mountain views is the perfect place to build your forever dream home. White rail fence close to Canon City, Pueblo and Colorado Springs. Seller has never lived on the property and will not be providing a Property Disclosure. Buyer(s) to verify covenants, square footage, zoning and utilities. Seller is related to his agent.

    Dave Mauro Sun Mesa

    48 Tumbleweed Trail, Penrose, CO 81240
  • /82

    $467,000

    • 3 Beds
    • 2 Baths
    • 1,911 Sq Ft

    1559 9th St, Penrose, CO 81240

    Beautiful horse property only 20 minutes from Pueblo! Discover this unique 3-bedroom, 2-bath A-frame home nestled on 2.23 acres in scenic Penrose, Colorado. It's bigger than you think at 1,911 square feet of inviting living space. This home features a great floorplan, cozy rustic charm, and plenty of room to grow. You'll immediately notice the beautiful beams from floor to ceiling throughout

    Tracy Bastian Rocky Mountain Realty

    1559 9th St, Penrose, CO 81240
  • /4

    $110,000

    • Land
    • 3.04 Acres
    • $36,184 per Acre

    219 Top Notch Trail, Penrose, CO 81240

    3+ Acre Horse Property with Arena & Views in Top Rail Ranch, PenroseDiscover wide open skies and breathtaking mountain views on this stunning 3 plus-acre parcel located in the desirable Top Rail Ranch community of Penrose. One of the few remaining open building lots in this spacious equestrian subdivision, this property offers a rare opportunity to build your dream home in a peaceful, rural

    Jennifer Vernetti EXIT Elevation Realty

    219 Top Notch Trail, Penrose, CO 81240
  • /35

    $419,000

    • 4 Beds
    • 3 Baths
    • 2,383 Sq Ft

    207 Fremont St, Penrose, CO 81240

    Charming 4-Bedroom Home with an Efficiency Apartment & Exceptional Features – Prime Central Location! Welcome to this beautifully updated 4-bedroom, 3-bathroom home, perfectly designed for comfort, and flexibility. Situated in a central location just minutes from HWY 115 and HWY 50, this property offers easy access to Colorado Springs, Florence, Caon City, and Pueblo. The main home features fresh

    Sam Banning HomeSmart Preferred Realty

    207 Fremont St, Penrose, CO 81240
  • /49

    $1,095,000

    • 3 Beds
    • 3 Baths
    • 2,218 Sq Ft

    1115 M St, Penrose, CO 81240

    A truly one of kind property, that is in a class of its own. Custom sprawling rancher with over 2,200 sq. ft. with 3 bedrooms and 3 bathrooms. Here is where the uniqueness begins... Home is situated on 10 acres with 10 shares of Beaver Park Ditch Stock, beautiful landscaping, and a large producing hay field. Purchase includes adjoining 10 acre parcel, and comes with 5 shares of Beaver Park Ditch

    Tim Ritter RE/MAX ROYAL GORGE

    1115 M St, Penrose, CO 81240
  • /15

    $149,000

    • Land
    • 35 Acres
    • $4,225 per Acre

    TBD R St, Penrose, CO 81240

    Are you ready to embrace the beauty of Colorado's serene landscapes and build your dream home? Look no further! This extraordinary 35.27 acre partially fenced property nestled along Hwy 50 and R St in Penrose in the banana belt of Colorado, offers the perfect canvas for your vision. No HOA or covenants, which makes this manufactured/mobile/affordable housing friendly! This property boasts an

    Alyssa Loflin Exp Realty Llc

    TBD R St, Penrose, CO 81240
  • /7

    $210,000

    • 3 Beds
    • 2 Baths
    • 1,440 Sq Ft

    1780 14th St, Penrose, CO 81240

    (Price reduction based on in-progress renovation, but available to buy now with full cleanup and new windows, including large picture window in Livingroom. Price to increase later in renovation. Contact Agent for details)This 1,440 sq ft manufactured home offers comfortable living on a spacious 3.72-acre lot in rural Penrose, Colorado. The home features 3 bedrooms, 2 bathrooms, and a

    Blake Hanenberg Keller Williams Performance Realty

    1780 14th St, Penrose, CO 81240
  • /4

    $100,000

    • Land
    • 2.78 Acres
    • $35,971 per Acre

    83 Top Rail Trail, Penrose, CO 81240

    Premier 2.78 acre flag lot in Top Rail Ranch Estates! Beautiful mountain views along with gorgeous sunrises and sunsets. Centrally located between Canon City, Pueblo & Colorado Springs. Protective covenants which will help protect your homes value. No HOA! Wide open spaces with room for your horses and RVs. Under ground utilities! Drive-by and see where your next dream home will be located!!

    Suzi Adamson All Seasons LLC.

    83 Top Rail Trail, Penrose, CO 81240
  • /44

    $325,000 Open Sat 11AM - 1PM

    • 3 Beds
    • 1.5 Baths
    • 1,176 Sq Ft

    490 K St, Penrose, CO 81240

    Charming Country Home on 1.3 Acres in Penrose is move in ready! Welcome to this updated 3-bedroom, 1.5-bath home nestled on a private 1.3-acre lot surrounded by mature trees—perfect for anyone craving space and serenity. Inside, you’ll find original hardwood floors and a cozy woodburning stove that adds character and warmth to the living room. The kitchen has updated LVP flooring, stainless steel

    Katalena McNew Keller Williams Performance Realty

    490 K St, Penrose, CO 81240
  • /40

    $224,900

    • Land
    • 10 Acres
    • $22,490 per Acre

    735 M St, Penrose, CO 81240

    Discover the tranquility of this secluded 10-acre homestead offering exceptional off-grid potential and stunning mountain views. The property is fully fenced, providing privacy and security, and features a fully insulated tin shack perfect for year-round living or a much deserved retreat. A framed solar room/greenhouse allows for year-round gardening and reaches nearly 80 degrees even in the cold

    JOHN PAVLICEK BRIDGETOWN REALTY, LLC

    735 M St, Penrose, CO 81240

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Why Live in Penrose

Penrose, CO, is a rural community situated between Pueblo and Colorado Springs, offering residents a semi-arid landscape with juniper woodlands, hot springs, and proximity to the Arkansas River. The area is known for its spacious acreage, with many properties featuring traditional farmhouses and ranch-style homes on lots ranging from 3 to 40 acres, allowing for agricultural activities such as growing hay and raising livestock. Founded during the gold rush, Penrose provides a quiet environment with stunning views and a moderate heat risk, with summer temperatures reaching the low-to-mid 90s. The community is prone to wildfires, which have a moderate chance of affecting properties over the next 30 years.

Penrose features several outdoor attractions, including the Dakota Hot Springs, Brush Hollow Reservoir, and Florence River Park, which offer opportunities for camping, fishing, paddleboarding, and kayaking. The Penrose Park & Recreation District serves as the main green space, hosting events like the Apple Day Festival. Although Penrose has limited commercial areas, Broadway offers local establishments such as Coyote's Coffee Den and Penrose Pizzeria & Pub, along with the Neighborhood Market for groceries. For additional shopping and dining options, Florence is located about 6 miles southwest.

The Fremont County Transit system provides on-demand transportation, with Pueblo approximately 30 miles east and Colorado Springs about 35 miles north. Pueblo Memorial Airport and Colorado Springs Airport offer flights to various destinations, including international flights starting in June 2025.

Frequently Asked Questions

What is the average home price in Penrose, CO?
Homes for sale in Penrose, CO have an average home price of $683,614.
How many homes have sold over the last 12 months in Penrose, CO?
46 homes have sold in Penrose, CO over the last 12 months.
What are the most popular zip codes in Penrose, CO?
The most popular zip codes in Penrose, CO include 81240, 81226, 81212, 81253 and 81007.
How much do you need to make to afford a house in Penrose?
The median home price in Penrose is $699,000. If you put a 20% down payment of $139,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,620 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $155K a year to afford the median home price in Penrose.
How are the schools in Penrose, CO?
Penrose, CO has highly rated public and private schools. Some of the best schools in Penrose based on Niche Grades are Penrose Elementary School and Florence High School. Browse all the schools in Penrose, CO to learn more.

Home Trends in Penrose, CO

Housing Trends

Median Sale Price
$575,000
Median Single Family Sale Price
$699,000
Average Price Per Sq Ft
$256
Number of Homes for Sale
5
Last 12 months Home Sales
46
Months of Supply
1.30
Median List Price
$699,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%
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