Penrose, CO Homes for Sale

• 

  

  

  /48

  $1,300,000

  • 3 Beds
  • 3 Baths
  • 2,915 Sq Ft

  18530 Colorado 115, Penrose, CO 81240

  Beaver Creek Ranch is a stunning 108-Acres with an Adobe-Style Home, Arena, Barn & More! Tucked away off of Highway 115, down a private driveway, this 2,915 sf adobe-style home sits on 108 acres of ranch land, perfectly equipped for both equestrian and agricultural pursuits. This property offers endless opportunities—whether you're looking for a working ranch, private retreat, or multi-use

  

  Linda Leslie

  HomeSmart

  18530 Colorado 115, Penrose, CO 81240
• Explore Penrose

• 

  

  

  /46

  $635,000

  • 4 Beds
  • 3.5 Baths
  • 3,445 Sq Ft

  1000 S St, Penrose, CO 81240

  Welcome to your own slice of Colorado paradise! Situated on 9 picturesque acres in Penrose, this exceptional property offers the perfect blend of comfort, functionality, and country living, while providing convenient, easy access to Cañon City, Florence, Pueblo, and Colorado Springs. This spacious 4-bed, 4-bath home features 3,455 finished square feet designed for everyday living and

  

  Kristi Meyer

  Real Broker, LLC DBA Real

  1000 S St, Penrose, CO 81240
• 

  

  

  /50

  $695,000

  $30K PRICE DROP

  • 4 Beds
  • 4 Baths
  • 4,697 Sq Ft

  310 L St, Penrose, CO 81240

  Located in prestigious Apple Valley Estates, the top subdivision in Penrose, this beautiful custom home is one of a kind. Originally built as a private resting place for the owner's clients, it sits on a meticulously manicured, corner rectangular lot featuring a productive apple orchard and irrigated grass hay fields, perfect for the hobby farmer. The grounds showcase mature fruit trees, tall

  

  Tyson Cool

  Properties Of Colorado CC

  310 L St, Penrose, CO 81240
• 

  

  

  /46

  $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

  

  Caroline Bourgeault

  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

  

  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

  

  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

  

  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

  

  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

  

  Linda Mattson

  Homesmart Preferred Realty

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

  

  /50

  $850,000

  • 4 Beds
  • 3 Baths
  • 3,250 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

  

  Kerri Kilgore

  Realty One Group Apex

  570 Valley Dr, 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

  

  Linda Mattson

  Homesmart Preferred Realty

  8200 County Road 132, Penrose, CO 81240
• 

  

  /12

  $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.

  

  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

  

  Linda Mattson

  Homesmart Preferred Realty

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

  

  /4

  $107,000

  • Land
  • 3.19 Acres
  • $33,542 per Acre

  35 Top Rail Trail, Penrose, CO 81240

  Build-ready 3.19-acre parcel in Penrose, Colorado with expansive mountain views and unforgettable sunsets. The site is ready for construction and features protective covenants with no HOA, offering both flexibility and value protection. Water tap is paid, and electric is available at the property line, reducing upfront development costs. Plenty of room for horses, a custom home, shop, or

  

  Kerri Kilgore

  Realty One Group Apex

  35 Top Rail Trail, 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,

  

  Chris Montoya

  Keller Williams Performance Realty

  15941 Highway 115, Penrose, CO 81240
• 

  

  /20

  $285,000

  • 2 Beds
  • 2 Baths
  • 1,520 Sq Ft

  73 8th Ave, Penrose, CO 81240

  Charming and well-maintained 2-bedroom, 2-bath manufactured home in Penrose, CO. This inviting home features rustic wood beams, warm wood paneling, and a cozy covered front porch perfect for relaxing. The property includes a detached 2-car garage and a storage shed, offering plenty of space for parking, hobbies, and storage. Enjoy the comfort, character, and peaceful Colorado lifestyle this

  

  Chris Montoya

  Keller Williams Performance Realty

  73 8th Ave, 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

  

  Linda Mattson

  Homesmart Preferred Realty

  TBD Lot 3 Iron Handle Rd, 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

  

  Linda Mattson

  Homesmart Preferred Realty

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

  

  /11

  $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.

  

  Linda Mattson

  HomeSmart Preferred Realty

  

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

  

  /50

  $384,000

  $41K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 2,356 Sq Ft

  1376 B St, Penrose, CO 81240

  Discover your slice of paradise in this beautifully maintained 3 Bedroom, 2 Bath, move in ready manufactured home with over 2300 square feet of living space. Perfectly positioned on a serene mesa with 10 Acres of breathtaking landscapes, this property also includes an oversized detached three-car garage with an RV-sized bay and additional workspace providing ample room for vehicles and hobbies.

  Nick Sartori Real Broker, LLC

  1376 B St, 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
• 

  

  /48

  $435,000

  • 3 Beds
  • 2 Baths
  • 2,271 Sq Ft

  835 3rd St, Penrose, CO 81240

  This charming three-bedroom, two-bath home, sits proudly on 1.15 sprawling acres and retains its authentic character with original features like wood banisters, vintage wall tiles, and classic brick fire place that evoke a warm, nostalgic feel. Inside, the tri-level floor plan offers comfortable living spaces bathed in natural light, while outside, the expansive grounds provide ample room for

  JONI STEVENS EXIT Elevation Realty

  835 3rd St, Penrose, CO 81240
• 

  

  /28

  $275,000

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

  561 County Road 132, Penrose, CO 81240

  Set on 5 open acres in Penrose, this 3-bedroom, 2-bathroom manufactured home offers a solid foundation for buyers ready to put in some work and make it their own. At 1,280 square feet, the 2002-built home gives you the bones and the breathing room — the rest is yours to shape. This is a one-level, split bedroom design with a large master bath with a soaking tub, stand-alone shower, dual vanity

  Dana Dahl-Breske Keller Williams Performance Realty

  561 County Road 132, 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

  $120,000

  • Land
  • 5 Acres
  • $24,000 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
• 

  

  /43

  $525,000

  • 3 Beds
  • 2 Baths
  • 1,845 Sq Ft

  1335 Apple Ln, Penrose, CO 81240

  Enjoy the privacy and quiet on this beautiful property, and marvel at the stars at night! Inviting rancher on irrigated 5.13 acres with a detached 2-car garage, plus a carport, plus an insulated shed/shop w/ electricity, AND a huge RV garage complete w/ RV outlet. This property has everything you need! Enjoy low utility bills with paid off solar panels; utilize the 5 shares of Beaver Park Water

  Valerie Ochsendorf Valor Properties, LLC

  1335 Apple Ln, Penrose, CO 81240
• 

  

  /28

  $415,000

  New Construction $10K 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
• 

  

  /45

  $870,000

  $30K 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
• 

  

  /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
• 

  

  /15

  $175,000

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

  0 Unknown 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 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
• 

  

  /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
• 

  

  /5

  $55,500

  $3K PRICE DROP

  • Land
  • 10 Acres
  • $5,550 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 at 358 13th Street, 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

  Jenny Gatzke HomeSmart Preferred Realty

  

  1374 C St, 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 and

  Coreena Dones The Cutting Edge

  1747 16th St, Penrose, CO 81240
• 

  

  /47

  $499,900

  • 3 Beds
  • 2 Baths
  • 1,786 Sq Ft

  1407 Top Notch Trail, Penrose, CO 81240

  What a great owner built home! Nice open floor plan with beautiful Eucalyptus wood floors, solid 6-panel doors throughout, and cathedral ceilings for that big feeling. Large living room with planter ledges opening up into the separate dining room. Really big kitchen with lots of rustic hickory cabinets, a pantry and granite counter tops. Spacious master suite with walk-in closet and large

  Kurt Zerby KURT ZERBY REAL ESTATE GROUP

  1407 Top Notch Trail, Penrose, CO 81240
• 

  

  /21

  $275,000

  $10K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,092 Sq Ft

  474 Grant St, Penrose, CO 81240

  Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently situated within walking distance of the park, this property features new flooring and fresh interior paint, offering a move-in-ready opportunity. The spacious, fenced backyard offers ample room for outdoor enjoyment and showcases beautiful views. An excellent value with great potential for homeowners and

  Sam Banning Homesmart Preferred Realty

  474 Grant St, Penrose, CO 81240
• 

  

  /50

  $850,000

  • 4 Beds
  • 3 Baths
  • 4,110 Sq Ft

  86 K St, Penrose, CO 81240

  Exceptional 4 bedroom, 3-bathroom custom log home on 28.4 acres! Surrounded by wide-open space and breathtaking mountain views, this unique log home estate is ideal for those seeking a rural retreat, equestrian property, or multi-use lifestyle. The home showcases quality craftsmanship throughout. The dine in kitchen features beautiful custom cabinetry with crown molding and pull outs, sleek

  Suzi Adamson All Seasons Llc

  86 K St, Penrose, CO 81240
• 

  

  /50

  $535,000

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

  855 Marilyn Dr, Penrose, CO 81240

  If you’re searching for horse property in Penrose, Colorado with acreage, barn, and usable land, this property at checks all the boxes. Situated on 3 acres of fully usable land, this Colorado horse property is already set up for animals with fenced pasture, a barn, horse sheds, and room for additional corrals or riding areas.The home offers 2,952 total finished square feet, including 1,476

  John Liese Keller Williams Clients Choice Realty

  855 Marilyn Dr, Penrose, CO 81240
• 

  

  /41

  $310,000

  $15K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,523 Sq Ft

  373 G St, Penrose, CO 81240

  Charming home in Penrose situated on a spacious 0.68-acre lot, offering privacy and room to enjoy the outdoors! There are 3 bedrooms, 2 bathrooms and and office. The kitchen features ample cabinetry with crown molding, tiled backsplash, and stainless-steel appliances. The dining room includes a built-in bar and additional cabinets. Beautiful plank tile throughout. Large living room with a slider

  Suzi Adamson All Seasons Llc

  373 G 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.

Learn more about living in Penrose

Frequently Asked Questions

What is the average home price in Penrose, CO?

Homes for sale in Penrose, CO have an average home price of $488,699.

How many homes have sold over the last 12 months in Penrose, CO?

96 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 $438,950. If you put a 20% down payment of $87,800 and had a 30-year fixed mortgage with an interest rate of 6.69%, your estimated principal and interest payment would be $2,260 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $97K 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.

Home Prices in Penrose, CO

The median home sale price in Penrose, CO is $415,000, up 4% year-over-year. Homes in Penrose sell in 116 days on average, compared to the national average of 56 days.

Home Price Trends

Median Sale Price $415,000	Median Single Family Sale Price $465,000
Median 2 Bedroom Sale Price $275,000	Median 1 Bedroom Sale Price $448,500
Average Price Per Sq Ft $255	Number of Homes for Sale 26
Last 12 months Home Sales 96	Months of Supply 3.30
Median List Price $438,950	Median Change From 1st List Price 4%
Median Home Sale Price YoY Change 4%