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City-owned Homes And Land 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 $333,581.
In Penrose, CO, how many homes are available?
There are currently 6 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, CO is a charming community nestled against the backdrop of the Rocky Mountains. With its serene environment, outdoor activities, and friendly atmosphere, it’s an ideal location for those seeking a peaceful lifestyle. The community is rich in nature and offers various local amenities for residents.

Current Market Conditions in Penrose, CO

Currently, Penrose's real estate market is experiencing steady growth, fueled by an increasing interest from buyers seeking properties with scenic views and serene surroundings. Home prices have shown a moderate increase over the past months, indicating a healthy demand in the area.

The market remains competitive, especially for single-family homes that offer ample space and access to outdoor activities. Buyers are drawn to the affordability of properties compared to nearby larger cities, and the unique charm of the Penrose community has attracted interest from diverse demographics.

Home Value Estimator For Penrose, CO

There are currently 2,223 real estate properties in Penrose, CO, with a median automated valuation model (AVM) price of $293,840.00. 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 $333,581.00, 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 City-owned Homes And Land

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