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These days, finding an affordable place to live in the Penrose area can be challenging. Home prices in Penrose are now at a median cost of $337,284, lower than the Colorado average of $579,698.
The average cost of rent is $1,126/mo in Penrose, primarily driven by the current value of real estate in the Penrose area. In Penrose, 19.49% of households rent, and 46.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penrose is $7,804 per month. Households that rent pay about 14.42% of their income on rent here. Penrose’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Portland, CO: equally priced homes
- Florence, CO: less expensive homes
- Williamsburg, CO: less expensive homes
- Rockvale, CO: less expensive homes
- Brookside, CO: less expensive homes
- Park Center, CO: higher priced homes
- Lincoln Park, CO: less expensive homes
- Canon City, CO: equally priced homes
- Swallows, CO: higher priced homes
- Pueblo West, CO: higher priced homes
Cities with Similar Populations
- Conowingo, MD: equally priced homes
- Columbus, MN: higher priced homes
- Southport, CT: higher priced homes
- Foley, MN: less expensive homes
- Poca, WV: less expensive homes
- Comer, GA: less expensive homes
- Floyd, VA: less expensive homes
- South Shore, KY: less expensive homes
- Concord, VA: less expensive homes
- South Sanford, ME: less expensive homes
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