Total monthly cost of ownership
Cost to Own a Home in Penrose, Colorado
A $276,000 home here costs
$2,016per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,419. The real number is $597 higher every month — 42% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Penrose against Fremont County and Colorado
| Measure | Penrose | Fremont County |
|---|---|---|
| Median home value | $276,100 | $282,100 |
| Median property tax | $887 | $1,081 |
| Effective tax rate | 0.321% | 0.383% |
| Median gross rent | — | $1,036 |
| Population | 3,978 | 49,394 |
The weather behind that power bill
Penrose sits in Fremont County, which averages a high of 89.2°F in its hottest month and a low of 18.4°F in its coldest, with 13.72" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 751 cooling and 5,440 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Fremont County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fremont County
Full Fremont County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Penrose?
A $276,000 home in Penrose, Colorado costs approximately $2,016 per month with 20% down at 6.66%. That is $1,419 principal and interest, $74 property tax, $80 homeowners insurance, $213 utilities and $230 set aside for maintenance.
What is the property tax rate in Penrose?
Penrose has an effective property tax rate of 0.321%, based on a median home value of $276,100 and median real estate taxes of $887. That is lower than the Fremont County average of 0.383%.
What is the average home price in Penrose?
The median owner-occupied home value in Penrose, Colorado is $276,100, against $282,100 across Fremont County.
Is it cheaper to rent or buy in Penrose?
Rent data is not published for Penrose at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Penrose — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Colorado.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.