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Penrose, CO Homes for Sale

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  • /8

    $179,900

    • Land
    • 37.2 Acres
    • $4,836 per Acre

    1284 Red Rock Cir, Penrose, CO 81240

    Beautiful 37-Acre Mountain Property with Breathtaking Valley & Sangre de Cristo Views! Discover the beauty and privacy of this exceptional 37-acre parcel, fenced on two sides and offering some of the most impressive mountain and valley views around. A gentle rise to the west naturally elevates the property, creating expansive views of the Sangre de Cristo Mountains and the entire valley below.

    Agent Photo

    Tyson Cool

    Properties of Colorado Real Estate Inc

    1284 Red Rock Cir, Penrose, CO 81240
  • /15

    $179,900

    • Land
    • 40.01 Acres
    • $4,496 per Acre

    TBD Lot 2 County Road 132, Penrose, CO 81240

    Public Remarks: Kettle Canyon – New 36+ Acre Development Be among the first to claim your piece of this stunning new rural development featuring only five 36- 40-acre parcels and one exclusive 80-acre parcel. Lot 2 offers direct access from County Road 132 and includes power already on the property. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains and

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 2 County Road 132, Penrose, CO 81240
  • /39

    $400,000

    • Land
    • 83.54 Acres
    • $4,788 per Acre

    Lot 6,7 Iron Handle Rd Unit 6,7, Penrose, CO 81240

    This PREMIUM 83.54-acre property BORDERING MILES of BLM land offers an extraordinary blend of rolling meadows, steep forested hillsides, dramatic red rock formations, and breathtaking elevated views of the valley below. Private and secluded, it feels like your own personal Garden of the Gods, with endless opportunities to explore and enjoy the surrounding public lands right from your boundary.

    Agent Photo

    Linda Mattson

    HomeSmart Preferred Realty

    Lot 6,7 Iron Handle Rd Unit 6,7, Penrose, CO 81240
  • /50

    $389,000

    • 3 Beds
    • 2 Baths
    • 1,224 Sq Ft

    1144 4th St, Penrose, CO 81240

    Welcome to your new horse property with room for many animals! This well-maintained 3-bedroom, 2-bath manufactured home sits on 5 acres with 5 shares of Beaver Creek flood irrigation water, offering both functionality and stunning views. The home was remodeled in 2015 and features newer cabinets, granite countertops, and a durable metal roof. Energy efficiency is a major bonus with fully paid-off

    Agent Photo

    Joe Garcia

    Homesmart Preferred Realty

    1144 4th St, Penrose, CO 81240
  • /14

    $179,000

    • Land
    • 36.18 Acres
    • $4,947 per Acre

    TBD Lot 5 Iron Handle Rd, Penrose, CO 81240

    Public Remarks: Kettle Canyon – New 36+ Acre Development Be among the first to claim your piece of this stunning new rural development featuring only five 36-acre parcels and one exclusive 80-acre parcel. Lot 5 offers access from County Road 132 onto Iron Handle Road and will now has power installed. It has pinons, junipers and rolling grass with unique red rock formations to explore. Enjoy

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 5 Iron Handle Rd, Penrose, CO 81240
  • /50

    $550,000

    $20K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,058 Sq Ft

    116 Top Notch Trail, Penrose, CO 81240

    Surrounded by mountain views and open skies, this well-maintained ranch-style home offers the convenience of true main-level living on a level, usable property designed for both comfort and flexibility. Daily living is effortless with the primary living areas, laundry, and mechanical systems all located on the main floor. The spacious living room features vaulted ceilings, a gas fireplace, and

    Agent Photo

    Scott Coddington

    Pulse Real Estate Group LLC

    116 Top Notch Trail, Penrose, CO 81240
  • /11

    $179,900

    • Land
    • 40.01 Acres
    • $4,496 per Acre

    0 County Road 132 Unit REC8723266, Penrose, CO 81240

    KETTLE CANYON – New 36+ Acre Development!! Be among the first to claim your piece of this stunning new rural development featuring only five 36- 40-acre parcels and one exclusive 80-acre parcel. Lot 2 offers direct access from County Road 132 and includes power already on the property. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains and surrounding

    Agent Photo

    Linda Mattson

    HomeSmart Preferred Realty

    0 County Road 132 Unit REC8723266, Penrose, CO 81240
  • /12

    $179,000

    • Land
    • 36.17 Acres
    • $4,949 per Acre

    4 Lot Iron Handle Rd, Penrose, CO 81240

    Kettle Canyon – New 36+ Acre Development Be among the first to claim your piece of this stunning new rural development featuring only five 36-acre parcels and one exclusive 80-acre parcel. Lot 4 BORDERS BLM and underground power has been installed.. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains and surrounding tree-covered peaks in one of Colorado’s

    Agent Photo

    Linda Mattson

    HomeSmart Preferred Realty

    4 Lot Iron Handle Rd, Penrose, CO 81240
  • /14

    $179,900

    • Land
    • 40.02 Acres
    • $4,495 per Acre

    TBD Lot 1 County Road 132, Penrose, CO 81240

    Kettle Canyon – New 36+ Acre DevelopmentBe among the first to claim your piece of this stunning new rural development featuring only five 36-40-acre parcels and one exclusive 80-acre parcel.Lot 1 offers direct access from County Road 132 and includes power already on the property and access to BLM. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 1 County Road 132, Penrose, CO 81240
  • /43

    $775,000

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

    8200 County Road 132, Penrose, CO 81240

    Situated on over 73 acres across two parcels, this exceptional Colorado ranch property offers a rare combination of privacy, recreation, and future development potential. The cozy 2-bedroom, 2-bath ranch home features a covered front deck with stunning views of Table Mountain and the Beaver Creek Wilderness Area, a grid-tied solar system for low utility costs, and a newer pellet stove for

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    8200 County Road 132, Penrose, CO 81240
  • /45

    $400,000

    • Land
    • 83.54 Acres
    • $4,788 per Acre

    Lots 6.7 Iron Handle Rd, Penrose, CO 81240

    This PREMIUM 83.54-acre property BORDERING MILES of BLM land offers an extraordinary blend of rolling meadows, steep forested hillsides, dramatic red rock formations, and breathtaking elevated views of the valley below. Private and secluded, it feels like your own personal Garden of the Gods, with endless opportunities to explore and enjoy the surrounding public lands right from your boundary.

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    Lots 6.7 Iron Handle Rd, Penrose, CO 81240
  • /26

    $179,000

    • Land
    • 36.17 Acres
    • $4,949 per Acre

    TBD Lot 4 Iron Handle Rd, Penrose, CO 81240

    Kettle Canyon – New 36+ Acre Development Be among the first to claim your piece of this stunning new rural development featuring only five 36-acre parcels and one exclusive 80-acre parcel. Lot 4 BORDERS BLM and underground power has been installed.. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de Cristo Mountains and surrounding tree-covered peaks in one of Colorado’s

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 4 Iron Handle Rd, Penrose, CO 81240
  • /2

    $179,900

    • Land
    • 37.2 Acres
    • $4,836 per Acre

    1284 Red Rocks Cir, Penrose, CO 81240

    Beautiful 37-Acre Mountain Property with Breathtaking Valley & Sangre de Cristo Views! Discover the beauty and privacy of this exceptional 37-acre parcel, fenced on two sides and offering some of the most impressive mountain and valley views around. A gentle rise to the west naturally elevates the property, creating expansive views of the Sangre de Cristo Mountains and the entire valley below.

    Agent Photo

    Tyson Cool

    Properties Of Colorado CC

    1284 Red Rocks Cir, Penrose, CO 81240
  • /7

    $170,000

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

    15941 Highway 115, 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,

    Agent Photo

    Chris Montoya

    Keller Williams Performance Realty

    15941 Highway 115, Penrose, CO 81240
  • /42

    $600,000

    $45K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 3,445 Sq Ft

    1000 S St, Penrose, CO 81240

    Set on 9 picturesque acres in Penrose, this spacious two-story home offers the perfect balance of peaceful country living and modern convenience. Whether you're looking to start a hobby ranch, enjoy wide-open spaces, or simply embrace a quieter lifestyle, this property delivers the flexibility and room you've been searching for.With 3,455 finished square feet, the home features 4

    Agent Photo

    Kristi Meyer

    Real Broker, LLC DBA Real

    1000 S St, Penrose, CO 81240
  • /28

    $180,000

    • 4 Beds
    • 2 Baths
    • 1,680 Sq Ft

    660 M St, Penrose, CO 81240

    Enjoy 4.28 acres of usable land in a convenient Penrose location! Large, mature trees are spread throughout the property, providing plenty of shade, privacy, and an established country setting. With ample room for horses, animals, gardens, or a hobby farm, this property offers plenty of opportunities to make the land your own. The purged home features four bedrooms, two bathrooms, a spacious

    Agent Photo

    Shelley Keller

    Homesmart Preferred Realty

    660 M St, Penrose, CO 81240
  • /15

    $179,900

    • Land
    • 39.01 Acres
    • $4,612 per Acre

    TBD Lot 3 Iron Handle Rd, Penrose, CO 81240

    -Kettle Canyon – New 36-40+ Acre Development Be among the first to claim your piece of this stunning new rural development featuring only five 36+acre parcels and one exclusive 80-acre parcel, all with BLM access. Lot 3 offers direct access from County Road 132 or Iron Handle Road and includes power already on the property. Enjoy breathtaking panoramic views of the majestic 14,000-foot Sangre de

    Agent Photo

    Linda Mattson

    Homesmart Preferred Realty

    TBD Lot 3 Iron Handle Rd, Penrose, CO 81240
  • /49

    $850,000

    • 4 Beds
    • 3 Baths
    • 3,264 Sq Ft

    570 Valley Dr, Penrose, CO 81240

    Experience the best of country living in Penrose, where breathtaking mountain views & over 35 acres create an extraordinary place to call home. This custom ranch-style home offers 3,400 square feet, featuring 4 bedrooms, 3 bathrooms, and a thoughtfully designed floor plan ideal for everyday living, entertaining, or multigenerational households. The main living area showcases expansive windows

    Agent Photo

    Kerri Kilgore

    Realty One Group Apex

    570 Valley Dr, Penrose, CO 81240
  • /49

    $499,910

    • 2 Beds
    • 2 Baths
    • 3,022 Sq Ft

    107 Bowie Rd, Penrose, CO 81240

    Welcome to “LA MILPA,” a truly one-of-a-kind Earthship home on 40.23 private acres in Penrose! Built in 1994, this remarkable 3,022 sq ft home with 2 bedrooms, 1 full & 1 three-quarter bath blends passive-solar design, earth-sheltered construction and renewable energy with warm Southwestern character with A NEW ROOF TO BE INSTALLED! A long wall of south-facing glass fills the home with natural

    Joann Grenard Home Town Real Estate Of Canon City

    107 Bowie Rd, Penrose, CO 81240
  • /47

    $470,000

    $7K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,800 Sq Ft

    2050 15th St, Penrose, CO 81240

    Welcome to spacious Colorado living in desirable Top Rail Ranch Estates in the town of Penrose! Situated on 2.79 acres, this well-appointed ranch-style home offers comfortable one-level living with 3 bedrooms, 2 bathrooms, an attached 2-car garage, and plenty of room to enjoy the outdoors. Built in 2007, the home features a thoughtfully designed split-bedroom floor plan, with the private primary

    Allison Fuhrman Homesmart Preferred Realty

    2050 15th St, Penrose, CO 81240
  • /28

    $275,000

    • 3 Beds
    • 2 Baths
    • 1,280 Sq Ft

    561 County Road 132, Penrose, CO 81240

    Five acres of wide open Colorado ground with no HOA and no restrictions gives you the kind of freedom that's getting harder to find. The land is partially fenced and ready for animals, a garden, or simply the quiet of open space. A dedicated RV pad with hookup means your rig has a proper home. And Colorado mountain views come standard — the kind that remind you every morning why you made the

    Dana Dahl-Breske Keller Williams Performance Realty

    561 County Road 132, Penrose, CO 81240
  • /38

    $259,900

    $15K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft

    550 4th St, Penrose, CO 81240

    Welcome to this well-maintained manufactured home set on a spacious one-acre lot in Penrose, Colorado, with Public/City Water offering endless possibilities for your rural lifestyle. With a convenient circular driveway and some cross-fencing already in place, this property provides an ideal setting for your aspirations—whether it’s raising animals, tending to horses, or having a spot for all of

    Nick Sartori Real Broker, LLC

    550 4th St, Penrose, CO 81240
  • /21

    $650,000

    • 2 Beds
    • 2.5 Baths
    • 2,536 Sq Ft

    470 Bowie Rd, Penrose, CO 81240

    Custom-built 2,600-square-foot barndominium situated on 37 acres. This thoughtfully designed home features a spacious open floor plan with quality craftsmanship throughout, including custom doors, cabinets, countertops, and extensive live-edge wood accents. The main living area is highlighted by a large roll-up door that opens to a spacious patio, creating seamless indoor-outdoor living and

    Erick Passmore Century 21 Community First

    470 Bowie Rd, Penrose, CO 81240
  • /8

    $105,000

    $15K PRICE DROP
    • Land
    • 5 Acres
    • $21,000 per Acre

    0 J St, Penrose, CO 81240

    This 5 acre parcel is conveniently located in the heart of Penrose, comes with 5 shares of Beaver Park irrigation with gated irrigation pipes and would be a great lot for a new build with mountain views! No other utilities installed; public water, public gas, public electric, cable, phone, etc. available and are to be installed by buyer. Boundaries are marked and survey recently done and

    Michael D Galpin Galpin Real Estate

    0 J St, Penrose, CO 81240
  • /50

    $465,000

    $85K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,845 Sq Ft

    1335 Apple Ln, Penrose, CO 81240

    Fantastic, irrigated property that is also zoned for horses would be perfect for a hobby farm or to just enjoy the privacy and quiet on this beautiful property. This acreage home has irrigated 5.13 acres with a large RV garage (complete w/ RV outlet), a detached 2-car garage plus a carport, an insulated shed/shop with electricity, and Solar Panels (paid off). This property has everything you

    Valerie Ochsendorf Valor Properties, LLC

    1335 Apple Ln, Penrose, CO 81240
  • /41

    $699,900

    • 3 Beds
    • 2 Baths
    • 2,950 Sq Ft

    1400 K St, Penrose, CO 81240

    Updated Brick Rancher on 9.44 Acres with Water Rights & Horse Facilities. Welcome to this beautifully updated brick rancher offering just under 3,600 finished square feet across two parcels totaling 9.44 acres. The open-concept main level features gleaming hardwood floors throughout and a stunning kitchen with granite countertops, tile backsplash, custom cabinetry, black stainless appliances, and

    Leanne Whitman RE/MAX Associates

    1400 K St, Penrose, CO 81240
  • /24

    $160,000

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

    205 Illinois St, Penrose, CO 81240

    Move-In Ready and VA friendly. Stop paying rent and invest in your future with this updated home on its own land. This 3-bedroom, 2-bath has been refreshed from top to bottom, featuring a new roof, fresh interior and exterior paint, and stylish luxury vinyl flooring. Both bathrooms have been completely modernized. Enjoy the perfect balance of quiet, small-town charm and peaceful country living

    Tina Smith Tina Smith Real Estate

    205 Illinois St, Penrose, CO 81240
  • /49

    $699,900

    • 3 Beds
    • 2 Baths
    • 2,950 Sq Ft

    1400 & 1442 K St, Penrose, CO 81240

    Updated Brick Rancher on 9.44 Acres with Water Rights & Horse Facilities. Welcome to this beautifully updated brick rancher offering just under 3,600 finished square feet across two parcels totaling 9.44 acres. The open-concept main level features gleaming hardwood floors throughout and a stunning kitchen with granite countertops, tile backsplash, custom cabinetry, black stainless appliances, and

    Leanne Whitman RE/MAX Associates

    1400 & 1442 K St, Penrose, CO 81240
  • /45

    $850,000

    $50K PRICE DROP
    • 5 Beds
    • 4 Baths
    • 4,184 Sq Ft

    507 van Egmond Dr, Penrose, CO 81240

    Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired

    JP Speers Berkshire Hathaway HomeServices Rocky M

    507 van Egmond Dr, Penrose, CO 81240
  • /35

    $389,900

    New Construction $35K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,329 Sq Ft

    776 S Broadway, Penrose, CO 81240

    Brand new construction on 4.94 acres in Penrose. This beautifully designed 3-bedroom, 2-bath home features a desirable split-bedroom floor plan that offers privacy and comfort. The spacious primary suite includes an adjoining bathroom with dual vanities, and an expansive tiled shower. The kitchen is equipped with granite countertops, an island with breakfast bar, and plenty of cabinet space,

    Suzi Adamson All Seasons LLC

    776 S Broadway, Penrose, CO 81240
  • /50

    $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
  • /40

    $269,900

    • 3 Beds
    • 2 Baths
    • 1,512 Sq Ft

    685 7th St, Penrose, CO 81240

    Endless Possibilities on 9 Acres in Penrose!Discover the perfect blend of country living and future opportunity. Situated on approximately 9 acres, this property offers abundant space for horses, hobby farming, recreation, or simply enjoying the peaceful Colorado lifestyle with panoramic mountain and rural views.Beyond its existing residential appeal, this property presents

    Roselle Campbell Fathom Realty Colorado LLC

    685 7th St, Penrose, CO 81240
  • /15

    $175,000

    • Land
    • 40 Acres
    • $4,375 per Acre

    0 Unknown Na Unit 3237167, Penrose, CO 81240

    Step into Colorado’s past with this distinctive land parcel in the historic town of Wilbur. A BLM berm-built stock pond brings both function and character, while the terrain unfolds in a natural blend of open grassland and scattered pines. Some areas invite you to wander, others feel tucked away and quiet, creating a setting that works just as well for an off-grid homesite as it does for a

    Travis Fraker Redfin Corporation

    0 Unknown Na Unit 3237167, Penrose, CO 81240
  • /15

    $199,000

    $26K PRICE DROP
    • Land
    • 2.72 Acres
    • $73,162 per Acre

    1390 K St, Penrose, CO 81240

    The property at 1390 K Street in Penrose, Colorado, offers 2.72 acres of picturesque land. This expansive lot provides ample space for various outdoor activities and potential development. The property includes a substantial shop, ideal for storage, hobbies, or business operations. Located on the corner of highway 50 and 1 mile from from Highway 115, it offers convenient access to Colorado

    Sandy Smith Properties Of Colorado Inc

    1390 K St, Penrose, CO 81240
  • /4

    $53,500

    $5K PRICE DROP
    • Land
    • 10 Acres
    • $5,350 per Acre

    1374 C St, Penrose, CO 81240

    This private, rural 10-acre property in Penrose Colorado has so much to offer and is contiguous and listed alongside residential listing, for a total of 40 acres with all four 10-acre parcels combined. You’ll fall in love with the biggest skies and 360-degree mountain views you can imagine. Almost fully fenced and cross fenced, with some electric fencing included along with a storage shed for

    Jenny Panici HomeSmart Preferred Realty

    1374 C St, Penrose, CO 81240
  • /5

    $245,000

    • Land
    • 27.93 Acres
    • $8,772 per Acre

    2 8th St, Penrose, CO 81240

    Welcome to LightSpring Property with 28 acres of fenced land. Features a non-sulfur 92 degree Hot Mineral Artesian Well flowing continuously from 980 feet below. The well boasts 75 gallons per minute adjudicated water right that is purposed for medicinal and irrigation. An annual 121 AF per year! Multiple possibilities including an excellent location for Solar and Wind farm/agrivoltiac/indoor

    Randy Brady Brady Realty

    2 8th St, Penrose, CO 81240
  • /46

    $325,000

    $25K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 960 Sq Ft

    490 A St, Penrose, CO 81240

    LOTS OF SPACE SITTING ON 10 ACRES. A LARGE SHOP AND OUTBUILDINGS PERFECT FOR ALL YOUR HOBBIES.

    Jeff Divelbiss RE/MAX Of Pueblo Inc

    490 A St, Penrose, CO 81240
  • /35

    $1,299,000

    • 4 Beds
    • 3 Baths
    • 3,504 Sq Ft

    68948 US Highway 50, Penrose, CO 81240

    A once-in-a-lifetime opportunity to own a true piece of the American dream! This beautiful custom home is nestled on over 63 acres and offers privacy, space, and breathtaking 360° mountain views. A charming bell calls everyone together to gather and enjoy the beauty of Colorado. The main residence features a private primary suite secluded from the other bedrooms, plus a private den with slate

    Georgia DeVorss Keller Williams Clients Choice Realty

    68948 US Highway 50, Penrose, CO 81240
  • /35

    $509,999

    • 3 Beds
    • 2 Baths
    • 1,794 Sq Ft

    1747 16th St, Penrose, CO 81240

    Welcome to your own private Colorado retreat! Nestled on 10 peaceful acres in Penrose, this beautifully updated 3-bedroom, 2-bath stucco ranch offers the perfect blend of modern comfort, energy efficiency, and country living.Step inside to discover fresh interior paint, updated ceiling fans, smart lighting, and a beautifully remodeled bathroom. Major system upgrades provide lasting value

    Coreena Dones The Cutting Edge

    1747 16th St, Penrose, CO 81240
  • /43

    $490,000

    $10K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,524 Sq Ft

    575 11th St, Penrose, CO 81240

    Horse property with nearly four acres, mountain views, and room for RVs, animals, and hobbies—this Penrose property offers the space and freedom many buyers are searching for. Located just 35 minutes from Colorado Springs and about 25 minutes to Pueblo or Cañon City, you can enjoy peaceful rural living while staying close to city conveniences.The attractive stucco home welcomes you with a

    Andrew James Weber Home at 6035 LLC

    575 11th St, Penrose, CO 81240

Showing Results 1 - 40, Page 1 of 2

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.

Penrose, CO Home Prices

Penrose, CO
Median Home Price
$447,450
Median Sale Price
$435,000
+13% YoY
Avg. Price per Square Foot
$255
Median Single Family Price
$485,000
Total Active Listings
58 listings
Market Conditions
3 Months of Supply
Seller's Market

Frequently Asked Questions

What is the average home price in Penrose, CO?
Homes for sale in Penrose, CO have an average home price of $481,279.
How many homes have sold over the last 12 months in Penrose, CO?
86 homes have sold in Penrose, CO over the last 12 months.
What is the average household income in Penrose, CO?
The average household income in Penrose, CO is $94K.
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 $447,450. If you put a 20% down payment of $89,500 and had a 30-year fixed mortgage with an interest rate of 7.03%, your estimated principal and interest payment would be $2,390 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Penrose. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Penrose is $94K.
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.
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