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Foreclosure Homes in Penrose, CO 81240

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Penrose, CO Foreclosures

How much do homes sell for in Penrose, CO?
The average home price is currently $333,015.
In Penrose, CO, how many homes are available?
There are currently 7 active home listings available in Penrose.
What’s the average rental cost in Penrose, CO?
The average rental price in Penrose is $1,185.
What is the most expensive home in Penrose?
The most expensive home sold in Penrose had a price of $3,537,600.
What is currently the cheapest priced home in Penrose, CO?
The cheapest home for sale in Penrose is priced at $36,764.

Living in Penrose, CO

Penrose, Colorado, offers a tranquil lifestyle surrounded by scenic beauty and outdoor opportunities. Located near the Arkansas River, it provides residents with access to numerous recreational activities including hiking, fishing, and boating. The community is known for its warm atmosphere and friendly neighbors, making it a great place for families and retirees alike.

Current Market Conditions in Penrose, CO

The real estate market in Penrose shows a steady increase in demand, particularly for family homes and properties close to outdoor amenities. The trend of working from home has attracted many buyers looking for larger spaces amid natural surroundings, pushing home prices higher.

With new listings emerging that cater to various budgets, the market remains competitive, particularly for homes with ample land and scenic views. Buyers are often drawn to Penrose's charm and the allure of outdoor lifestyle, which has contributed to a strong market presence.

Home Value Estimator For Penrose, CO

There are currently 2,222 real estate properties in Penrose, CO, with a median automated valuation model (AVM) price of $294,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Penrose, CO, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Penrose, CO, is $333,015.00, with the most expensive house in Penrose, CO, topping out at $3,537,600.00 and the cheapest home in Penrose, CO, clocking in at $36,764.00. In other words, there’s something for every potential homebuyer or savvy investor in Penrose, CO!

Rent Prices In Penrose, CO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Penrose, CO, is on a rollercoaster ride. The average rent price in Penrose, CO, is $1,185.00. Indeed, when looking to rent in Penrose, CO, you can expect to pay as little as $620.00 or as much as $2,470.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Penrose, CO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Penrose, CO 81240 Foreclosures

Market Trend for Penrose, CO

Total Listings Available: 7

Market Values:

Home Prices from $36,764 to $3,537,600

Average Sales Price: $333,015

Rental Values:

Rental from $620 to $2,470

Average Rent Value: $1,185 / month

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