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Palmer Lake

Learn about the people, housing, costs and businesses in Palmer Lake, Colorado

Median Home$600,181
Median Rent$2,165/month
Population3,014
Leading IndustriesWholesale Trade · Education · Professional Services13% wholesale trade
Home Value Growth+0.4% over 2 years
Young Adults35% of residentswell above average
Homeowners86% of occupied units
NotableHigh Incomes$128k/year · top 7% nationally
Palmer Lake
CO

Frequently Asked Questions

What are today's mortgage rates in Palmer Lake?

As of today, the 30-year fixed mortgage rate for Palmer Lake is approximately 6.848% (6.882% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Palmer Lake?

The median home value in Palmer Lake is $600k. The median monthly rent is $2,165. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palmer Lake?

Home values in Palmer Lake have increased 0.4% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Palmer Lake?

Based on a typical all-in ownership cost of $1,965/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $84k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palmer Lake is $128k/year.

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What industries drive the economy in Palmer Lake?

The largest employment sectors in Palmer Lake are public administration (16%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.