Penrose, CO demographics:
population, income, and more

Total population
4,087
2.7% year-over-year change
Median household income
$88,109/yr
17.3% year-over-year change
Housing units
1,622
5.3% year-over-year change

Penrose population

How many people live in Penrose

Penrose is home to 4,087 residents, according to the most recent Census data. Gender-wise, 54.2% of Penrose locals are male, and 45.8% are female.

Total population
4,087
2.7% year-over-year change
Gender ratio
Male
54.2%
2,216
Female
45.8%
1,871
Value Percent YoY change
Male 2,216 54.2% 11.1%
Female 1,871 45.8% -5.7%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Penrose is 44, with the population distributed as follows: about 19.3% are children under 15, then 7.4% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.1% of the population, while another 27.8% fall into the 45 to 64 bracket. Finally, around 20.5% are 65 or older.

Median age
43.7
Age breakdown
Under 15
19.3%
15 to 24
7.4%
25 to 44
25.1%
45 to 64
27.8%
Over 65
20.5%
Value Percent YoY change
Under 15 787 19.3% -10.9%
15 to 24 304 7.4% -1.3%
25 to 44 1,024 25.1% 26.9%
45 to 64 1,136 27.8% -7.4%
Over 65 836 20.5% 11.0%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Penrose, 98.9% of the population are US-born citizens, while 1.1% have gained naturalized citizenship. As for race, 81.6% of locals are Caucasian, 0.2% are African American and 0.3% have Asian roots. Another 7.7% are Indigenous American, 0.2% are Pacific Islanders, while 1.1% identify as another race. There’s also a share of 9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.9%
Non-U.S.-born citizens
1.1%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 4,043 98.9% 2.9%
Non-U.S.-born citizens 44 1.1% -10.2%
Racial breakdown
White
81.6%
Black or African American
0.2%
American Indian and Alaska Native
7.7%
Asian
0.3%
Native Hawaiian and other Pacific Islander
0.2%
Two or more races
9%
Other
1.1%
Value Percent
White 3,333 81.6%
Black or African American 8 0.2%
American Indian and Alaska Native 313 7.7%
Asian 14 0.3%
Native Hawaiian and other Pacific Islander 6 0.2%
Two or more races 369 9%
Other 44 1.1%

Households in Penrose

A peek inside Penrose households

Penrose has 1,475 households, with an average of 3 members in each. Of these, 65.3% are families, while the remaining 34.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,475
4.6% year-over-year change
Average people per household
3
Non-family households
512
Family households
963
Value Percent YoY change
Non-family households 512 34.7% 6.0%
Family households 963 65.3% 3.9%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Penrose

The housing landscape of Penrose

Penrose's housing consists of 1,622 units, with 60% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 35.9% of the housing landscape.

Housing units
1,622
5.3% year-over-year change
Housing types
Value Percent
1 unit, detached 974 60%
2 units 8 0.5%
5 to 9 units 31 1.9%
10 to 19 units 27 1.7%
Mobile home 582 35.9%
Homes built since 2020
51
45.7% year-over-year change

The age of buildings in Penrose

In Penrose, the median construction year is 1984. About 8.9% of homes were built before the 1940s, with another 1.3% going up by 1949. Most development happened in the second half of the 20th century. Then, 9% of homes were added from 2000 to 2009, 6.4% between 2010 and 2019, and 3.1% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 145 8.9% -12.7%
Built between 1940 and 1949 21 1.3% 200.0%
Built between 1950 and 1959 45 2.8% -19.6%
Built between 1960 and 1969 69 4.2% 38.0%
Built between 1970 and 1979 357 22% 11.9%
Built between 1980 and 1989 433 26.7% 29.6%
Built between 1990 and 1999 251 15.5% -24.2%
Built between 2000 and 2009 146 9% 2.8%
Built between 2010 and 2019 104 6.4% 3.0%
Built in 2020 or later 51 3.1% 45.7%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Penrose occupancy rates

Out of the 1,475 occupied housing units in Penrose, 82% are owner-occupied, while 18% are lived in by tenants. Meanwhile, 9.1% of all homes on the local market sit vacant.

Occupied housing units
1,475
4.6% year-over-year change
Occupancy breakdown
Renter occupied
266
Owner occupied
1,209
Value Percent YoY
change
Renter occupied 266 18% 17.2%
Owner occupied 1,209 82% 2.2%
Unoccupied housing units
9.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Penrose housing costs

Housing costs in Penrose come to a median of $993 per month, while tenants specifically pay a median gross rent of $1,321.

Median housing costs per month
$993/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Penrose
$1,321/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Penrose

Penrose education at a glance

About 34.9% of the population in Penrose went to high school, while 22.2% pursued college studies. Another 8.1% earned an associate degree and 16.2% hold a bachelor’s. Meanwhile, 14.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 130 4.1% 3,150.0%
High school diploma 1,116 34.9% -2.2%
College diploma 711 22.2% -13.1%
Associate degree 260 8.1% 15.0%
Bachelor's degree 517 16.2% -3.2%
Graduate degree 466 14.6% 72.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Penrose

How much people earn in Penrose

The average annual household income in Penrose was $139,207 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +18.4% change from the previous year. At the same time, the median income stood at $88,109, reflecting a +17.3% shift over the same period.

Average household income in Penrose
$139,207/year
18.4% year-over-year change
Median household income in Penrose
$88,109/year
17.3% year-over-year change

Penrose income by age

Those with someone between 45 and 64 in charge, often well established professionally, earn $88,611 overall. Overall, 88.9% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
45 - 64 $88,611 12.3%
Over 65 $43,750 -1.1%
Above poverty level
3,534
Below poverty level
441
Value Percent YoY
change
Above poverty level 3,534 88.9% 3.2%
Below poverty level 441 11.1% -5.8%

Average renter income in Penrose

To get a better sense of what renters earn on average in Penrose, their median household income was $32,714 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 48.5%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$32,714
Rent-to-income ratio
48.5%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Penrose

Workforce and job types in Penrose

The job market in Penrose is powered by 1,502 working residents, spread across a range of industries and roles. 76.4% of the working population are employed in professional or administrative positions, while 23.6% are in hands-on or service-based jobs. Also, 12.2% run their own businesses, 59% are employed by private companies, and 22.8% work in the public sector.

Workforce demographics

Working population
1,502
6.3% year-over-year change
White collar
1,148
Blue collar
354
Value Percent YoY change
White collar 1,148 76.4% 11.2%
Blue collar 354 23.6% -7.1%
Employer type
Self employees
12.2%
Private companies
59%
Governmental workers
22.8%
Not for profit companies
6%
Value Percent YoY change
Self employees 183 12.2% -9.8%
Private companies 886 59% 10.9%
Governmental workers 343 22.8% 1.8%
Not for profit companies 90 6% 21.6%
Unemployment rate
7.1%
-17.3% year-over-year change

Available workforce

The unemployment rate in Penrose stands at 7.1%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Penrose

How people get around in Penrose

Commuting methods vary: 76% of residents travel by personal vehicle and 1.6% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 1,156 76% -8.2%
Walk 24 1.6% 60.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Penrose by zipcode?

Zipcode Population Number of households Median income Average income
81240 4,800 1,759 $90,417 $145,348

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FAQs about Penrose demographics 

What is the total population of Penrose?

Penrose has a total population of 4,087 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.7% compared to a year ago.

What is the gender ratio in Penrose?

The gender ratio in Penrose is as follows:
  • 54.2% males (2,216 residents)
  • 45.8% females (1,871 residents)

What is the median age in Penrose?

The median age in Penrose is 43.7.

What is the age distribution of the population in Penrose?

The age distribution in Penrose is as follows:
  • Under 15: 19.3% (787 residents)
  • Ages 15-24: 7.4% (304 residents)
  • Ages 25-44: 25.1% (1,024 residents)
  • Ages 45-64: 27.8% (1,136 residents)
  • Over 65: 20.5% (836 residents)

What is the racial and ethnic makeup of Penrose?

The racial and ethnic makeup of Penrose is as follows:
  • White: 81.6% (3,333 residents)
  • Black or African American: 0.2% (8 residents)
  • American Indian and Alaska Native: 7.7% (313 residents)
  • Asian: 0.3% (14 residents)
  • Native Hawaiian and Other Pacific Islander: 0.2% (6 residents)
  • Two or More Races: 9% (369 residents)
  • Other: 1.1% (44 residents)

What percentage of the population in Penrose are U.S.-born citizens?

U.S.-born citizens represent 98.9% of the population in Penrose.

How many housing units are there in Penrose?

There are 1,622 housing units in Penrose, reflecting a +5.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Penrose and what is the average household size?

Penrose has a total of 1,475 households, with an average of 3 people in each.

What is the median household income in Penrose?

Penrose has a median household income of $88,109, representing a +17.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Penrose?

The employment rate is 92.9% in Penrose, with a workforce of 1,502 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 76.4% (1,148 residents)
  • Blue-collar workers: 23.6% (354 residents)

Places of employment:
  • Self-employed: 12.2% (183 residents)
  • Private companies: 59% (886 residents)
  • Governmental workers: 22.8% (343 residents)
  • Not-for-profit companies: 6% (90 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025