Home Insurance in Palmer Lake, Colorado
Homes in Palmer Lake carry a median value of $485,700 - 5% higher than the El Paso County median.
The typical home in Palmer Lake was built around 1990. About 19% of homes were built before 1960, about 7 points above El Paso County's 12%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Palmer Lake is 92% single-family homes and 7% mobile or manufactured homes.
66% of owner-occupied homes in Palmer Lake carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Palmer Lake has an owner-occupancy rate of 90% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
87% of homes in Palmer Lake are primarily heated with natural gas.
What's the biggest home insurance risk near Palmer Lake? FEMA's National Risk Index points to winter weather (Very High) in El Paso County and El Paso County had 1,406 active NFIP flood policies as of September 2026. See the full El Paso County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Colorado carries a statewide average premium of $2,492 per year.
Key figures
| Median home value | $485,700 |
|---|---|
| Median year built | 1990 |
| Owner-occupied share | 90% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in El Paso County | 1,406 |
| Home insurance premium | $2,492 - statewide average (NAIC, 2023 data) |
Nearby towns
- Monument
- Larkspur
- Woodland Park
- Green Mountain Falls
- Manitou Springs
- Castle Rock
- Colorado Springs
- Elizabeth
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)