The housing market in Penrose, CO is strong, with the median value of homes at $347,200, which is higher than the US median value of $338,100. Furthermore, homes in Penrose have experienced a higher rate of appreciation in the past year compared to the national average, with a growth rate of 11.01% as opposed to 8.27%. This indicates that demand for housing in Penrose is high and that buyers are willing to pay premiums for quality homes in this area.
The median home cost in Penrose is $347,200. Home appreciation the last 10 years has been 139.3%. Home Appreciation in Penrose is up 20.5%.
Average Age of Homes
- The median age of Penrose real estate is 36 years old
The Rental Market in Penrose
- Renters make up 17.5% of the Penrose population
- 0.0% of houses and apartments in Penrose, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.