81240 — Penrose, CO Home Values
Typical home value $388,430 as of June 2026 · 3rd of 6 in Ca±on City, CO
Blue: typical home value (Zillow ZHVI) in ZIP code 81240, June 2021 to June 2026. This page shows observed data only; no forecast.
How 81240 compares in the Ca±on City, CO area
ZIP code 81240 (Penrose, CO) has a typical home value of $388,430 as of June 2026, ranking 3rd of 6 ZIP codes tracked in the Ca±on City, CO area, more expensive than about 67% of ZIP codes in the metro. Prices here have moved 0.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +20.3%, from $323,011 in June 2021 to $388,430 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Ca±on City, CO forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Ca±on City.
Population and demographics
ZIP code 81240 has a population of 4,533, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 87.3% White, 10.1% Hispanic or Latino, 2.3% two or more races, 0.2% Native Hawaiian or Pacific Islander, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Penrose Elementary School | 100 ILLINOIS, PENROSE, CO | 5.5 mi |
| Florence Jr./Sr. High School | 2006 STATE HIGHWAY 67, FLORENCE, CO | 7.7 mi |
| Fremont Elementary School | 500 WEST 5TH STREET, FLORENCE, CO | 8.7 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 81240?
$388,430 as of June 2026, the latest month Zillow has published observed data for.
Is 81240 an expensive ZIP code in the Ca±on City, CO area?
81240 ranks 3rd of 6 ZIP codes in the Ca±on City, CO area by typical home value, more expensive than about 67% of ZIP codes in the metro.
How much have home values in 81240 changed over the past year?
0.0% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 81240?
4,533, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 81240?
Penrose Elementary School (5.5 mi), Florence Jr./Sr. High School (7.7 mi), Fremont Elementary School (8.7 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 81240?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Ca±on City, CO forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.