Palmer Lake Homes For Sale

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Palmer Lake homes for sale are within reach when you work with Barb Schlinker and Your Home Sold Guaranteed Realty - Barb Has the Buyers Team. Palmer Lake is a suburban and rural town northwest of Monument. It has a population of a little over 2,500 residents.

Surrounded by rolling hills and Ponderosa pines, the town is centered around Palmer Lake. Whether you’re strolling through the historic downtown area or enjoying the breathtaking views from the surrounding hills, Palmer Lake is a hidden gem that invites exploration and promises a serene escape from the hustle and bustle of everyday life.

If you’re thinking about buying a home in Palmer Lake, Barb Schlinker and Your Home Sold Guaranteed Realty - Barb Has the Buyers Team stand out as the ultimate guide to help. Our extensive knowledge of Palmer Lake and its surrounding areas ensure that every client receives personalized insights into the diverse neighborhoods and property options available.

Below, you can find key information about the Palmer Lake housing market. If you have any questions or want to learn more about our team, don’t hesitate to get in touch. Give us a call at 719-301-1802 or send a message to [javascript protected email address] to find homes for sale in Palmer Lake today!

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Palmer Lake Homes For Sale | Buying a Home in Palmer Lake

Want to buy a home in Palmer Lake, Colorado? This small town is a great place to call home for anyone who wants to live in a rural and suburban environment outside of Colorado Springs. Before you start looking at homes for sale in Palmer Lake, it’s a good idea to become more familiar with the area.

Below, our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will discuss the top things home buyers want to know before moving to Palmer Lake. We’ll cover the housing market, job market, crime rates, and more so you can decide if this town is the right fit for you.

Key Takeaways

Palmer Lake is a small town of 2,636 residents located north of Colorado Springs in El Paso County. It has both rural and suburban characteristics.
In recent months, the median price of homes for sale in Palmer Lake was $437,000, which is a 41.8% decrease compared to the same point last year.
Palmer Lake is served by the Lewis-Palmer School District 38. Schools in Palmer Lake spend $8,294 per student, which is lower than the national average.
The Palmer Lake job market is experiencing a higher rate of growth than the national average, at 38.20% compared to 30.54%. The unemployment rate is 2.5%.
Palmer Lake has a violent crime rate of six percent which is less than the 22.7% for the U.S. average. The property crime rate is also six percent.

Should I Live in Palmer Lake?

Palmer Lake is a small town of 2,636 residents located north of Colorado Springs in El Paso County. It’s surrounded by lush pine forests and is known for its namesake, Palmer Lake.

Palmer Lake has rural and suburban characteristics and a strong community-oriented atmosphere. Residents can enjoy the town’s historic downtown area, which has many shops, cafes, restaurants, and museums. Outdoor enthusiasts can explore the surrounding nature trails, parks, and the nearby Palmer Lake Reservoir, which allows for activities like fishing and swimming.

Overall, Palmer Lake captures the essence of Colorado living. It’s a great place to live for those who want a family-friendly community within reach of Colorado Springs.

What’s the Housing Market Like in Palmer Lake?

In recent months, the median price of homes for sale in Palmer Lake was $437,000, which is a 41.8% decrease compared to the same point last year. The median price per square foot is $229, which is a 2.5% increase compared to the previous year.

Most homes sell for 0.9% under their listing price and spend an average of 30 days on the market before selling. Meanwhile, the hottest homes sell for their original asking price and spend 21 days on the market before selling. Only 50% of homes end up selling above their asking price.

How Do I Find Homes For Sale in Palmer Lake?

Finding homes for sale in Palmer Lake involves a strategic and comprehensive approach. The key to success is working closely with a knowledgeable realtor who can guide you through the process, offer expert advice, and help you find the perfect home that aligns with your preferences and budget.

With a realtor by your side, you can use a combination of the following methods to find available homes:

Visit Online Real Estate Platforms: Explore popular real estate websites such as Zillow, Realtor.com, Trulia, and Redfin. These platforms offer comprehensive listings, photos, and details about available properties in Northgate Estates.
Drive Around the Neighborhood: Some homeowners may prefer traditional methods of selling, such as displaying “For Sale” signs. Drive around Northgate Estates, keeping an eye out for signs or contacting homeowners directly for potential off-market opportunities.
Check Local Real Estate Magazines and Newspapers: Review local real estate magazines and newspapers for property listings and featured homes in Northgate Estates. Print publications often showcase available properties.
Set Up Listing Alerts: Sign up for listing alerts on real estate websites or through your realtor. Customized email alerts notify you when homes matching your criteria become available in Northgate Estates.
Contact Home Builders Directly: If you’re open to new construction, visit local builders in the Northgate Estates area. Builders may have developments or available lots, and they can work with you to create a new home within your budget.

Are There Luxury Homes in Palmer Lake?

Yes, you can find luxury homes for sale in Palmer Lake. Homes in Palmer Lake range in price from $465,000 on the low end to $1.4 million for luxury properties on the high end. To learn more about the availability of luxury listings in Palmer Lake, get in touch with our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team today by calling 719-301-1802.

Are There New Construction Homes in Palmer Lake?

Yes, there are new construction homes for sale in Palmer Lake. Palmer Lake is a new construction neighborhood, so you can expect to find plenty of brand-new homes. Homes in Palmer Lake are built by Challenger Homes and range in size from 2,500 square feet to over 7,100 square feet. To find available inventory, contact Your Home Sold Guaranteed Realty - Barb Has the Buyers Team at 719-301-1802 today.

What Are the Best Neighborhoods in Palmer Lake?

Elephant Rock Acres

Elephant Rock Acres is a community of 70 ranch-style, single-family homes in the southeast area of Palmer Lake. Homes range in size from 1,300 square feet to over 4,100 square feet and range in price from $325,000 on the low end to $695,000 on the high end. Elephant Rock Acres is located between Westward Lane and CO105.

Pioneer Preserve

Pioneer Preserve is a small community of luxury homes in the southeast part of Palmer Lake, built between 2017 and 2018. Homes have an average size between 2,500 square feet to over 3,500 square feet and come in a variety of styles. Most homes also have a lot size of five acres. The average price for properties in Pioneer Preserve ranges between $700,000 to over $1 million.

Woodmoor

Woodmoor is an unincorporated community located in El Paso County. It is situated between the towns of Monument and Palmer Lake, north of Colorado Springs. Woodmoor is known for its scenic beauty, proximity to nature, and a mix of residential neighborhoods. The area is characterized by rolling hills, forests, and open spaces, making it an attractive place for those seeking a quieter and more rural lifestyle while still having access to amenities and services in nearby towns. The community is home to a mix of housing options, including single-family homes and larger properties.c

What’s the Quality of Life in Palmer Lake?

Local Schools

Palmer Lake is served by the Lewis-Palmer School District 38. Schools in Palmer Lake spend $8,294 per student, which is lower than the national average of $12,383 per student. The student-teacher ratio is 18 to 1. The high school graduation rate is 96.4%, which is higher than the state average and the Colorado Springs metropolitan area.

Job Market

The Palmer Lake job market is experiencing a higher rate of growth than the national average, at 38.20% compared to 30.54%. The unemployment rate is 2.5% compared to the national rate of 4.1%. The average individual income is $43,795 and the average household income is $100,764.

Cost of Living

Palmer Lake’s overall cost of living is 10.3% more expensive than the rest of the U.S., but 10.2% cheaper than the rest of Colorado. The highest cost is housing, which is 56.5% higher than the U.S. average, but 11% lower than the Colorado average. The lowest cost is healthcare, which is 17.4% cheaper than the average national cost and 1.2% cheaper than the average state cost.

Crime and Safety

Palmer Lake has a violent crime rate of six percent which is less than the 22.7% for the U.S. average. The property crime rate is also six percent, compared to 35.4% for the national average. The violent crime rate in Palmer Lake has historically been lower than in the rest of Colorado and the U.S.

Weather and Climate

Palmer Lake experiences a semi-arid climate characterized by distinct seasons. Summers in Palmer Lake are warm and dry. Daytime highs can reach into the 80s and occasionally the 90s Fahrenheit. Winters are typically cold, with temperatures often dropping below freezing. Snowfall is common, creating picturesque winter landscapes.

Healthcare and Hospitals

The cost of healthcare in Palmer Lake is 17.4% cheaper than the national average. The town also has 201 physicians per 100,000 residents, which is slightly lower than the U.S. average of 210 physicians. The hospitals and urgent care centers closest to Palmer Lake are:

CommonSpirit Penrose Hospital
CommonSpirit St. Francis Hospital
UCHealth Memorial Hospital Central
UCHealth Primary Care – Monument
Concentra Urgent Care – Colorado Springs

What Are the Top Things to Do in Palmer Lake

With its proximity to natural wonders and outdoor adventures, Palmer Lake provides a diverse and enjoyable array of activities for residents and visitors alike. Some of the top options are:

Palmer Lake Reservoir: is a popular spot for fishing, kayaking, and enjoying the scenic outdoors.
Santa Fe Regional Trail: offers hiking and biking opportunities, providing breathtaking views of the surrounding landscapes.
Historic Downtown Palmer Lake: Explore the charming downtown area with its local shops, galleries, and eateries.
Downtown Palmer Lake: explore the historic downtown area with charming shops, galleries, and local eateries.
Tri-Lakes Area: Discover the recreational opportunities in the nearby Tri-Lakes area, featuring parks and nature reserves.
Palmer Divide Ranches Open Space: Experience the serene beauty of this open space, perfect for nature walks and birdwatching.

How Can I Find the Best Homes in Palmer Lake?

Palmer Lake Homes For Sale | Buying a Home in Palmer Lake — Barb Schlinker

Ready to discover the best homes for sale in Palmer Lake? At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team, Barb Schlinker and our team of seasoned real estate professionals can help you find the latest listings in this popular Colorado Springs neighborhood.

With over 27 years of experience, we’re the best realtor in Colorado Springs and Palmer Lake for a reason. Clients love working with us because of our unique buyer guarantees, customer-first approach, and excellent communication skills.

For more information on buying a home with our team, contact us today at 719-301-1802 or [javascript protected email address]. Don’t wait—start your journey to finding your dream home in Palmer Lake now!

Your Home Sold Guaranteed Realty - Barb Has the Buyers Team