With a population of about 2,500, the community of Palmer Lake has a small-town atmosphere and is appreciated by residents who have easy access to big city activities in nearby Colorado Springs and Denver. A charming community located 25 miles north of Colorado Springs and situated along Palmer Lake, the town, founded in 1871 and incorporated in 1889, sits on the Palmer Divide at 7,200 feet. The elevation presents wonderful views of the Rocky Mountains. The housing selection in Palmer Lake includes single-family homes, condominiums and land for custom building.
Part of the Tri-Lakes region, which includes Lake Woodmoor, Monument Lake and Palmer Lake, area residents have access to excellent trails and crystal clear water for fishing and swimming. As a result, plenty of outdoor activities abound in the Palmer Lake area, especially with the 15-mile Santa Fe Regional Trail adjacent to the lake. The Trail is used for biking, hiking, and horseback riding in the summer, spring and fall, and for cross-country skiing and snowshoeing in the winter.
Downtown Palmer Lake is filled with locally owned shops and eateries where one can find everything from antiques to homemade comfort food, in addition to the historical museum which offers educational lectures on the area's history. Lewis-Palmer School District #38 serves the educational needs of the town's children with an elementary school in town and the middle and high schools in nearby Monument.
Palmer Lake Real Estate Market: Prices of Houses for Sale in Palmer Lake
Palmer Lake's real estate market includes an affordable selection of single family homes, turn-key homes and condominiums. Prices for homes in Palmer Lake average from $120,000 to $600,000 which is less than average for El Paso County.
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Palmer Lake Real Estate Stats and Trends for the week of May 23rd, 2016: homes priced around $338,114 compared to $352,000 the previous week, showing a decrease of less than -4%. For Saturday, May 28th, the current national mortgage rate for a 30 year fixed mortgage is 3.66%; the 15 year fixed rate is at 2.77%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.23%, while the 15 year jumbo rate currently is at 3.88%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Palmer Lake CO. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Palmer Lake to help you find the best home!