Penrose is located close to the center of Colorado. Penrose is part of Fremont County. Penrose has 17.85 square miles of land area and has no water area. As of 2010-2014, the total Penrose population is 3,293, which has shrunk 19.09% since 2000. The population growth rate is much lower than the state average rate of 20.84% and is much lower than the national average rate of 11.61%. Penrose median household income is $50,000 in 2010-2014 and has grown by 40.30% since 2000. The income growth rate is much higher than the state average rate of 25.94% and is higher than the national average rate of 27.36%. Penrose median house value is $175,800 in 2010-2014 and has grown by 42.58% since 2000. The house value growth rate is about the same as the state average rate of 43.70% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Penrose is close to the state average in quality. The Penrose area code is 719.