Colorado Springs Homes under $500,000

Welcome to Colorado Springs, a vibrant city nestled at the foot of the majestic Rocky Mountains in El Paso County, Colorado. Known for its stunning natural beauty, Colorado Springs offers a unique blend of outdoor adventure and urban amenities, making it a perfect place to call home. With its breathtaking views of Pikes Peak, expansive parks, and rich cultural heritage, the city boasts a lifestyle that appeals to everyone, from outdoor enthusiasts to families seeking a welcoming community.

For those looking to make Colorado Springs their home without breaking the bank, there are fantastic opportunities with homes available under $500,000. This price range offers a diverse selection of properties, from charming single-family homes to modern townhouses, all set against the backdrop of the stunning Colorado landscape. Whether you're a first-time homebuyer or seeking an investment property, the options here are plentiful and varied.

Imagine waking up to panoramic mountain views or enjoying a weekend hike at the nearby Garden of the Gods, one of the nation's most stunning public parks. With a thriving local economy, excellent schools, and a variety of shopping and dining options, Colorado Springs truly has something for everyone.

Explore the real estate market in this captivating city and discover how you can secure your own piece of Colorado Springs for under $500,000. Your dream home awaits amidst the breathtaking scenery and vibrant community spirit of this remarkable region!

Newest Colorado Springs Homes under $500,000

$415,000

3 Beds ⋅ 3 Baths ⋅ 9255828 MLS

Welcome to this well-maintained, one-owner home in the desirable Meadowbrook Crossing subdivision in Colorado Springs. Conveniently located near Peterson Air Force Base, golf, shopping, dining, and everyday amenities, this 3-bedroom, 3-bathroom home offers comfort, convenience, and thoughtful features throughout. The spacious primary suite includes a walk-in closet and an adjoining ¾ bathroom designed for comfort and functionality. The bathroom features a private toilet room, double-sink vanity, and a large walk-in shower. The kitchen features sleek granite countertops, an island with a breakfast bar and a pantry. The dining space has an oversized slider to the back concrete patio/ pergola. The inviting living area features an electric fireplace, creating a warm and welcoming space for relaxing or entertaining. Additional highlights include built in surround sound, a sprinkler system, a two-car attached garage and central air conditioning with a whole house ventilation system! Schedule your showing today!

7051 Preble Dr, Colorado Springs

$269,000

3 Beds ⋅ 1 Baths ⋅ 6326373 MLS

Charming 3-bedroom home offering great comfort and modern upgrades in a prime Colorado Springs location! Highlights include a remodeled kitchen with updated countertops and appliances, a newer furnace, and a roof only 5 years old. Enjoy a spacious fenced-in yard with an added porch, perfect for relaxing or taking in nearby fireworks and hot air balloon views. Complete with active insurance repairs addressing the basement, you will gain brand-new piping and refreshed spaces. Property sold AS-IS

88 Doris Dr, Colorado Springs

$415,000

4 Beds ⋅ 3 Baths ⋅ 9434321 MLS

Step into a home that celebrates the craftsmanship, personality, and distinctive design details of another era. This spacious ranch is anything but cookie-cutter, featuring intricate tile work throughout, unique finishes, and original character that gives each space its own story. The thoughtfully designed layout offers the convenience of single-level living with four bedrooms all on the main floor. A large sunroom provides an incredible bonus space filled with natural light; perfect for morning coffee, plants, hobbies, entertaining, or simply enjoying views of the backyard year-round. Outside, the property truly shines. The oversized lot features a huge backyard surrounded by mature trees, RV parking for your Colorado toys, new fencing for added privacy, and newly installed retaining walls. Located in the established and highly desirable Cragmor neighborhood near UCCS, this home offers something increasingly hard to find: a substantial lot, mature landscaping, a classic ranch floor plan, and architectural details with genuine personality. If you appreciate homes with a story to tell and see the possibilities in preserving original character while making a space your own, this is one you'll want to experience in person.

3908 Jasmine St, Colorado Springs

$275,000

3 Beds ⋅ 3 Baths ⋅ 4681267 MLS

Move right in and make it your own with updates over time! 3 bed/3 bath, 1,761sqft vinyl-sided tri-level, with attached 2-car garage and ample extra parking. This home sits on a 0.22-acre lot in Pikes Peak Park, with no HOA, and features...covered front porch...13'x18' living room with original hardwood floors, eastern morning sun and coat closet at the entry...dining area with ceiling fan and sliding glass door to the back patio...kitchen with ample wood cabinetry, breakfast bar, newer stainless steel sink and included range and microwave...main-level laundry hookups...handy mud room with access to the garage and 10'x36' side patio. Upper level with original hardwood floors throughout and...11'x14' primary bedroom with mountain views and 3/4 ensuite bath...2nd and 3rd bedrooms just steps from the full hall bath with tub/shower. Lower level with two great hangout spaces...13'x20' family room with carpet and built-in bookcases...13'x15' rec room with laminate floors, brick accent wall and direct access to the backyard...3/4 hall bath...and utility room. Outside, you'll enjoy the...huge 13'x45' covered back patio, perfect for enjoying the sunsets...spacious backyard with garden beds, mature trees and plenty of fruit trees (2 pear, 2 peach, apple and fig)...and storage shed. Close to parks, playgrounds, K-8 Carmel Community School, shopping and public transit, with quick access to Circle, Fountain and Academy. New roof will be installed('26). Newer furnace. AC and 150-amp electrical panel('19), Renewal by Andersen vinyl windows('06) and 50-gallon water heater, too!

1118 Royale Dr, Colorado Springs

$199,000

2 Beds ⋅ 1 Baths ⋅ 1177273 MLS

**A Diamond in the Rough: Your Next Grand Design Awaits!** Welcome to where history meets opportunity! This charming 1898 ranch-style home, nestled in the heart of Colorado Springs, offers 1,112 square feet of potential across 2 cozy bedrooms and a bathroom that's seen more history than your grandma's diary. LOCATION, LOCATION, LOCATION: Situated just a stone's throw from downtown, you'll have easy access to local eateries, shops, and the vibrant culture of Colorado Springs. CHARACTER GALORE: Original hardwood floors that have stood the test of time (and probably a few dance parties). MODERN TOUCHES: A recently updated kitchen equipped with stainless steel appliances, ready for your culinary adventures or midnight snack raids. OUTDOOR OASIS: A nicely landscaped, low-maintenance backyard perfect for BBQs, stargazing, or practicing your yoga poses without an audience. ZONED for Commercial or Residential Looking for your next flip!?! or Minor redevelopment?!?

426 E Bijou St, Colorado Springs

$325,000

4 Beds ⋅ 2 Baths ⋅ 2112286 MLS

Space, versatility and convenience come together in this 3-bedroom, 1,410 sq. ft. ranch-style home in the established Widefield area! Step inside to a spacious living room featuring updated flooring, abundant natural light and plenty of room to relax or entertain. The kitchen offers rich dark cabinetry, generous counter space, a stylish tile backsplash, stainless-steel gas range and microwave, plus plenty of storage. Three comfortable bedrooms provide flexibility for sleeping, guests or a home office, while the full bath features a tiled tub/shower surround. A convenient additional half bath adds to the home's functionality. The separate laundry area leads to a large bonus/flex space, perfect for a recreation room, home office, workout area, hobby room or additional living space. Outside you'll find a welcoming front lawn, mature trees, fenced backyard and extended driveway providing off-street parking. Conveniently located near shopping, dining, schools, Fort Carson and major commuter routes. With 1,410 square feet and plenty of possibilities, this Widefield home is ready for its next owner to make it their own!

205 Everett Dr, Colorado Springs

$439,000

1 Beds ⋅ 2 Baths ⋅ 1497117 MLS

Turn-key, fully furnished West Side home with tons of investment potential next to Old Colorado City area! Boasting a strong history of rental income, this versatile property offers a prime opportunity to live/rent. Situated on a huge 9,000 SF lot tucked away with only alley access. The home has one 1 bedroom, 1 full bathroom with laundry closet and a full kitchen. A workshop building with bonus space and tons of potential. Zoned R-2, opening options for short-term rental permitting! Upgrades are underway, including paint, refinishing the deck, some landscaping and acquiring additional permits. Prime location minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, I-25, and Highway 24.

519 N Chestnut St, Colorado Springs

$450,000

3 Beds ⋅ 4 Baths ⋅ 2193675 MLS

Bright, spacious, and full of potential! This well-kept home offers an open floor plan and a convenient location near all the amenities of the Powers Corridor. The spacious eat-in kitchen features abundant cabinetry and counter space, a large center island, and pantry, with plenty of room for everyday meals and entertaining. The primary suite offers its own private retreat along with an adjoining 4-piece bath featuring an accessible tub, double vanity, and walk-in closet. Two additional bedrooms and a full bathroom are located on upstairs. Downstairs, the fully finished basement adds even more flexible living space with a large recreation room, wet bar, and additional bath—perfect for movie nights, game days, guests, or entertaining. Outside, enjoy a welcoming oversized front porch and a tiered backyard with a generous 14x21 patio ready for relaxing, grilling, or gathering with friends. With a little TLC and your own personal touches, this home offers a wonderful opportunity to make it your own while enjoying a convenient Colorado Springs location.

6940 Blazing Trail Dr, Colorado Springs

$427,000

3 Beds ⋅ 3 Baths ⋅ 7104068 MLS

Great opportunity in a convenient Colorado Springs location! This 3-bedroom, 3-bath home offers over 2,000 square feet of living space with a functional multi-level floor plan and attached 2-car garage. Conveniently located near shopping, dining, schools, parks, and major roadways, with plenty of potential to make the home your own.

3845 Inspiration Dr, Colorado Springs

$265,000

1 Beds ⋅ 2 Baths ⋅ 6541993 MLS

Simple west side living in an "everything is provided" community. This condo home has the most amazing views of Pikes Peak and Garden of the Gods from both the living room and the upper level bedroom. The home features the living area and kitchen on the main level with the bedroom/bathroom suite upstairs. A walkout deck off the kitchen on the main level and sun deck off the upper level provide extremely private outdoor lounge areas. A common lounge area in front of the home is perfect for enjoying colorful sunsets! Ownership of a detached garage space with individual door and storage is deeded with the home. The electrical panel was replaced in early 2023. Located just four-ish minutes from I25, this homes is close to all west side locations including Garden of the Gods, Old Colorado City, Manitou Springs, the Centennial shopping areas. The HOA provides all the essentials, including landscaping, internal road maintenance, snow removal, trash pickup, structure maintenance, water, sewer, and gas usage. Of special note, the HOA insures against some losses to the interior of the home. See HOA website for more details. Roofing on all buildings is brand new. The internal roads were repaved late in 2023. The flat roof on all buildings were replaced in upgraded in 2023. Don't miss this opportunity for carefree living at its finest. Assumable VA loan available.

2913 Mesa Rd Unit A, Colorado Springs

$325,000

3 Beds ⋅ 3 Baths ⋅ 7601290 MLS

Rare opportunity to build instant equity in this custom-built 3-bedroom, 3-bathroom estate home. This one was built with intention: every cabinet in the home was crafted and installed by a cabinet contractor, with thoughtful detail work in every room. The house needs updates, but the bones are rock solid — this is the kind of property where sweat equity turns directly into real value. Sitting on a huge 13,900 sq ft lot (0.32 acres), there is room to breathe and room to grow. Bring your vision and your contractor: priced as-is for a buyer ready to put their own stamp on a genuinely well-built home.

3 N Ely St, Colorado Springs

$439,000

4900927 MLS

Turn-key, fully furnished West Side investment next to Old Colorado City area! Boasting a strong history of rental income, this versatile property offers a prime opportunity to live/rent. Situated on a huge 9,000 SF lot tucked away with only alley access. The home has one 1 bedroom, 1 full bathroom with laundry closet and a full kitchen. A workshop building with bonus space and tons of potential. Zoned R-2, opening options for short-term rental permitting! Upgrades are underway, including paint, refinishing the deck, some landscaping and acquiring additional permits. Prime location minutes from Downtown Colorado Springs, Manitou Springs, Garden of the Gods, I-25, and Highway 24.

519 N Chestnut St, Colorado Springs

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