Penrose, CO Housing Market

$381,590

1.9% 1-yr

The average Penrose, CO home value is $381,590, up 1.9% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Penrose Key Takeaways

Typical Home Values: $381,590

1-year Value Change: +1.9%

(Data through January 31, 2026)

Penrose Housing Market Overview

--1-year Market Forecast

37For sale inventory(January 31, 2026)

--New listings(January 31, 2026)

--Median sale to list ratio

--Median sale price(December 31, 2025)

$532,333Median list price(January 31, 2026)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Penrose

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Penrose Homes for Sale

$750,000

3 bd2 ba2,225 sqft

1548 Canon Ridge Trl

View Penrose listings

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An equal housing lender. NMLS #10287.

Penrose Rental Market Trends

--Average rent in Penrose

$1,895National average rent(January 31, 2026)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.