Real Estate Investing in Penrose, Colorado

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 4,533 • Fremont County

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Should you buy in Penrose, CO? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (41/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 14.9% of homes vacant — above national norms.

What’s happening in Penrose, CO?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $389,243
Avg Monthly Rent $1,116
ZIP Codes 1

Investing in Penrose Real Estate

Penrose in Colorado is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Investors considering Penrose, CO should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Transaction volume in Penrose has thinned in a way that amplifies price discovery risk. From an investor standpoint, investors without local context should treat every number on the page with skepticism.

Demographics in Penrose show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

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Best ZIP codes in Ca-¦on City, CO

Penrose is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Penrose, CO. Anonymous, moderated, never written by AI.

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Avg Home Value
$389,243
Avg Monthly Rent
$1,116
1% Rule
✗ Below
Landlord Friendly (CO)
☀️ Warm Market — Ca-¦on City, CO metro
0
Days to pending
8.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of June 20, 2026 — updated weekly

ZIP Codes in Penrose, CO

Screen every ZIP in Penrose

Filter Penrose’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Penrose, CO

How does Penrose, CO rate as a rental market?

Our data puts Penrose, CO at 3.0/5 for investability. Home prices of $389K and rents around $1,116/mo create a solid backdrop for investor activity.

What price range are homes in Penrose, CO?

Homes in Penrose, CO typically sell near $389K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.

Do landlords face vacancy issues in Penrose, CO?

Penrose, CO vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

How strict are landlord regulations in Penrose, CO?

Penrose, CO falls under CO landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

What do rentals go for in Penrose, CO?

Rents in Penrose, CO run near $1,116/mo. Compared with median home prices of $389K that produces solid gross yields for typical rentals.

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