Basement Homes for Sale in Palmer Lake, CO

Homes with a basement in Palmer Lake: the numbers this week

Three numbers frame homes with a basement in Palmer Lake: the median list price ($410K), the price per square foot ($282) and the HOA, which most of these listings do not have. 34 are for sale today from $55K to $2.9M; everything below comes from this week's listings.

What the median home with a basement in Palmer Lake costs per month

About homes with a basement in Palmer Lake

The homes with a basement for sale in Palmer Lake above are every MLS listing with a basement: finished basements, unfinished basements, walkout basements, garden-level basements and partial basements. Buyers searching basement homes in Palmer Lake also search homes with a finished basement, walkout basement homes, homes with a basement apartment, homes with a mother-in-law suite downstairs and homes with a basement bedroom, and this page carries all of them. As of September 28, 2026 this page shows 7 home with a basements for sale in Palmer Lake with a median list price of $515,000 and an average of $353 per square foot. The count updates the moment a home lists or closes.

Unfinished is the cheapest square footage you will buy in Palmer Lake. It appraises low and finishes for $40 to $80 a square foot, which is less than the same space costs upstairs.

Walkout basements open to grade on a sloped lot and bring in light and a second entrance. They carry a premium in Palmer Lake and make the best rental or in-law suites.

Garden level sits half above grade with full-size windows. More light than a standard basement, less separation than a walkout.

Egress, radon and water. A basement bedroom needs an egress window. Colorado sits on uranium-rich soil, so we test radon on every basement home in Palmer Lake. And we look for the sump pump, the water line on the wall and the smell.

Get pre-approved and know the finished-basement price bump in Palmer Lake runs $30,000 to $80,000 on the same floor plan.

Tour with a Kenna agent, 7 days a week. We open the mechanical room, check the egress windows and ask for the permit history.

Inspect the basement hard. Radon test, sewer scope, foundation walls, sump pump and the grading outside. Expansive Front Range soils move basements.

Questions people ask about homes with a basement in Palmer Lake

How many homes with a basement are for sale in Palmer Lake right now?

34 this week, $55K to $2.9M, median $410K. The grid at the top of this page is the live MLS list and refreshes daily.

Do homes with a basement in Palmer Lake have HOA fees?

Some do: 6 of 34 sampled carry a fee (median $288 a month); 28 do not. More: HOA fees in Colorado, explained.

Which ZIP code has the most homes with a basement in Palmer Lake?

80133 with 34 in this week's sample. More: Colorado Basement Egress Windows: Code and Costs.

What should I check before making an offer on home with a basement in Palmer Lake?

The price per square foot against the other listings on this page ($282 is the median), the days on market, the HOA or metro district if there is one, the sewer line and roof age on older homes, and whether the seller pays a closing-cost credit or a rate buydown. More: Seller concessions for Colorado buyers.

How big are the homes with a basement in Palmer Lake?

924 to 10,500 square feet across this week's sample, 3 beds most common. Price per square foot runs $282 at the median.

Can I buy homes with a basement in Palmer Lake with a low down payment?

Yes. Colorado down-payment assistance works at a 620 credit score, FHA takes 3.5 percent down, VA zero where the buyer qualifies, and a seller credit covers closing costs. On the median $410K home with a basement that is $14,350 down at 3.5 percent. More: Can I afford a home now?.

Does a finished basement count in the square footage?

Appraisers count it separately as below-grade square footage and value it at less per foot than the main floor. The MLS lists total and finished square feet; we show you both on every Palmer Lake listing. More: What Colorado Homebuyers Want in a Finished Basement .

Can I rent out a basement in Palmer Lake?

A basement with its own entrance, kitchen, egress and a city permit can be rented where Palmer Lake zoning allows an accessory unit. We check the zoning and the HOA before you count on the income. More: Rent Out Your Home Instead of Selling in Today's Market – Kenna Real Estate Can Help -.