Penrose, Colorado.
Typical home $385,419 (-0.3% in a year). Ca±on City, CO metro.
to buy the typical home at today's mortgage rate — +$1,068 (+112%) since Jan 2020.
- 1 year
- Down $1,346 -0%
- $386,765$385,419 since Sep 2025
- 5 years
- Up $46,593 +14%
- $338,826$385,419 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Penrose$2,023
- Colorado$2,777
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 27 years.
Typical home values in Penrose, CO fell 0.3% over the past year — slower than the nation's +1.2%.
Living in Penrose, Fremont County, Colorado
Penrose, in Fremont County, had 3,685 people in the 2020 census. Half its households earn more than $88,109 a year and half less, against $62,664 across Fremont County; 11% of its people live below the poverty line. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Fremont County was 5.9% in August 2026, and the county had about as many jobs in 2025 as the year before. The most residents work in schools and health care, then finance and property.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Penrose is a small community in Fremont County where most homes are lived in by their owners, and household incomes run well above the county's. A four-year degree is held by a fair number of adults, and a good share of people work from home. Winters are cold and snowy, summers are hot, and the year is fairly dry.
Work. Residents work mostly in schools, hospitals and social care, with banks, insurance and property, government, and restaurants, hotels and entertainment also employing many. Across Fremont County, some of the largest workplaces are Fremont Re Schools, the federal prison system and Walmart. Jobs across the county held steady last year, though unemployment there has risen compared with a year earlier.
Things to do. Hardscrabble Creek runs in or beside town, and Beaver Creek and Brush Hollow Reservoir are a short drive away for time near the water. Brush Hollow State Wildlife Area, also a short drive, is protected land for walking and watching wildlife. For a longer outing, Cheyenne Mountain Zoo is a longer drive away.
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- 1,475households
- 31%of adults have a degree
- 11%below the poverty line
- 23 mintypical commute
- 22%work from home
What residents work in
Employed residents by industry, from the Census survey. Fremont County had 14,577 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 49° and lows near 19°; warmest in July, with highs near 89° and lows near 59°. About 38 inches of snow and 14 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Canon City weather station, 12 miles away (NOAA).
Largest workplaces in Fremont County
- Fremont Re-1 SchoolsSchool district499FTE
- Bureau of Prisons/federal Prison SystemFederal government · Department of Justice351
- WalmartWarehouse clubs and supercenters302
- St. Thomas More HospitalCritical access hospital244FTE
- Golden Nugget Cripple CreekHotels, casino238
- Fremont Re-2 SchoolsSchool district216FTE
- Oldcastle SW GroupPavement, highway, road, street, bridge or airport runway, construction169
- King SoopersSupermarkets and other grocery except convenience stores117
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 21 workplaces with 20 or more staff, 2,036 people in all across the county; Penrose has two of its own. School districts come from the Common Core of Data (NCES, 2023–24), federal offices from OPM's federal workforce data (2026) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- WildfireRelatively high
- Winter weatherRelatively high
- HailRelatively high
- Inland floodingRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Penrose’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Fremont County and the Ca±on City, CO metro.
Penrose home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Penrose$385,419
- Colorado$529,013
- United States$366,157
Sellers are cutting prices on about 1 in 3 Penrose listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Penrose29.22%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Penrose38
New listings per month
Sellers arriving at the market.
- Penrose5
Zip codes with a Penrose address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Penrose — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.