What income do you need to buy a house in Palmer Lake, CO?

It takes about $140,000/yr to afford the typical Palmer Lake, CO home ($536K, -0.5% past year) at today's rates. Starter homes run around $406K. See if you can afford a house in Palmer Lake (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $140,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, CO property tax and insurance)
• Typical home value: $536K (Zillow ZHVI, 2026-07)
• 1-year change: -0.5%
• Bottom 35% of homes: $406K
• Top 35% of homes start around: $764K
• Median household income: $125K
• Price-to-income ratio: 4.3
• Estimated payment on the typical home: $2,787/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Monument, CO — typical home $757K
• Woodland Park, CO — typical home $540K
• Castle Rock, CO — typical home $666K
• Colorado Springs, CO — typical home $449K
• Castle Pines, CO — typical home $889K
• Stratmoor, CO — typical home $327K

The most affordable cities to buy a house in Colorado

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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