Penrose Homes under $400,000

Penrose Homes under $400,000

Welcome to Penrose, Colorado – a hidden gem nestled in the heart of Fremont County. This charming small town offers a perfect blend of picturesque landscapes, friendly faces, and a welcoming community atmosphere. Surrounded by the stunning backdrop of the Rocky Mountains, Penrose is an outdoor enthusiast’s paradise, with endless opportunities for hiking, fishing, and exploring the natural beauty that Colorado is renowned for.

For those looking to plant roots in this idyllic setting, Penrose boasts an impressive selection of homes priced under $400,000. Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, you’ll find a variety of options that cater to your needs. From cozy single-family homes to spacious ranch-style properties, there’s something for everyone in this quaint town.

The affordability of homes in Penrose, combined with its serene environment, makes it an attractive choice for those seeking a peaceful lifestyle without sacrificing convenience. Residents enjoy easy access to local amenities, including shops, restaurants, and schools, while also being just a short drive from the vibrant cities of Canon City and Colorado Springs.

Imagine waking up each day to the majestic views of the mountains and enjoying the warm community spirit that Penrose has to offer. With homes under $400,000, your dream of owning a piece of Colorado paradise is not just a dream – it’s an achievable reality. Come discover why Penrose is the perfect place to call home!

Newest Penrose Homes under $400,000

474 Grant St, Penrose

474 Grant St, Penrose

3 Beds ⋅ 2 Baths ⋅ 240949 MLS

Charming 3-bedroom, 1.5-bath home in a desirable central Penrose location. Conveniently situated within walking distance of the park, this property features new flooring and fresh interior paint, offering a move-in-ready opportunity. The spacious, foncerd h fenced backyard offers ample room for outdoor enjoyment and showcases beautiful views. An excellent value with great potential for homeowners and investors alike.

474 Grant St, Penrose

776 S Broadway, Penrose

776 S Broadway, Penrose

3 Beds ⋅ 2 Baths ⋅ 240827 MLS

Brand new construction on 4.94 acres in Penrose. This beautifully designed 3-bedroom, 2-bath home features a desirable split-bedroom floor plan that offers privacy and comfort. The spacious primary suite includes an adjoining bathroom with dual vanities, and an expansive tiled shower. The kitchen is equipped with granite countertops, an island with breakfast bar, and plenty of cabinet space, making it ideal for both everyday living and entertaining. The new stainless steel kitchen appliances will be included. The dining area provides a slider to the rear concrete patio, perfect for enjoying the peaceful surroundings and expansive acreage. The primary bedroom and living room have convenient plug ins for TVs. Additional features include a 2-car attached finished garage, no maintenance exterior with stucco, metal soffits and stone accents, cultured marble window seals, granite counters in the bathrooms and central air conditioning. Enjoy the benefits of country living while remaining close to amenities, school and park in the heart of Penrose!

776 S Broadway, Penrose

1574 4th St, Penrose

1574 4th St, Penrose

2 Beds ⋅ 1 Baths ⋅ 240556 MLS

Tucked back and perched atop, your new home awaits you. This 2 bedroom 1 bath 1116 square foot off grid home sits on 10 acres. The home has had many recent updates such as solid oak flooring through the main portion of the home, all new kitchen cabinets, quartz counters, newer appliances, new solar batteries, mini splits, and water filtration system. There is also a backup generator for that extra piece of mind. There are a few projects left, giving you the opportunity to make it your own, but a lot of the major items have been completed. Schedule your showing today and call it home tomorrow.

1574 4th St, Penrose

490 A St, Penrose

490 A St, Penrose

3 Beds ⋅ 1 Baths ⋅ 236085 MLS

LOTS OF SPACE SITTING ON 10 ACRES. A LARGE SHOP AND OUTBUILDINGS PERFECT FOR ALL YOUR HOBBIES.

490 A St, Penrose

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Jessica Craig

Jessica is a Colorado native, seasoned real estate expert, and broker/owner who has been delivering results for her clients since 2012. With over a decade of experience, she has built a reputation for being a skilled negotiator, a strategic thinker, and a trusted advocate in every transaction. She specializes in working with VA buyers and first-time home buyers, guiding them with clarity, education, and confidence through every step of the process. Jessica also brings extensive expertise in mountain properties, ranches, and short sales—giving her clients a distinct advantage in both traditional and complex transactions. Known for her high standards, strong work ethic, and client-first approach, Jessica goes beyond simply closing deals—she builds lasting relationships and consistently helps her clients win in competitive markets. Whether it’s securing the perfect first home, navigating a unique rural property, or finding a true Colorado dream home, she is committed to delivering exceptional results every time. Outside of real estate, Jessica embraces the Colorado lifestyle she loves—spending time in the mountains, with her family and dogs, and tending to her garden. Her passion for both people and place is what drives her to help others find not just a house, but a home that fits their life.

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