Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palmer Lake area can be challenging. Home prices in Palmer Lake are now at a median cost of $441,699, higher than the Colorado average of $430,259.
The average cost of rent is $1,557/mo in Palmer Lake, primarily driven by the current value of real estate in the Palmer Lake area. While nearly 31.02% of residents own their homes outright in Palmer Lake, 6.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmer Lake is $9,534 per month. Households that rent pay about 16.33% of their income on rent here. Palmer Lake's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Woodmoor, CO: higher priced homes
- Monument, CO: higher priced homes
- Gleneagle, CO: equally priced homes
- Pine Crest, CO: less expensive homes
- Larkspur, CO: higher priced homes
- Air Force Academy, CO: less expensive homes
- Woodland Park, CO: less expensive homes
- Black Forest, CO: higher priced homes
- Cascade-Chipita Park, CO: higher priced homes
- Green Mountain Falls, CO: equally priced homes
Cities with Similar Populations
- Aspinwall, PA: less expensive homes
- Hoboken, GA: less expensive homes
- Brimfield, MA: less expensive homes
- Hayti, MO: less expensive homes
- Clinton Corners, NY: less expensive homes
- Craigsville, WV: less expensive homes
- Darlington, MD: less expensive homes
- Taylor, AL: less expensive homes
- Kirkwood, PA: less expensive homes
- Mart, TX: less expensive homes
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