Colorado Springs Homes under $500,000

Welcome to Colorado Springs, a breathtaking gem nestled at the foot of the majestic Rocky Mountains in El Paso County, Colorado. Known for its stunning natural beauty and vibrant community, this city offers a perfect blend of outdoor adventure and urban convenience. With its picturesque landscapes, including the iconic Pikes Peak and the serene Garden of the Gods, Colorado Springs is a haven for nature enthusiasts and families alike.

For those looking to settle down in this enchanting city without breaking the bank, you’ll be pleased to discover a variety of charming homes available for under $500,000. Whether you’re a first-time homebuyer, a growing family, or simply seeking a tranquil retreat, Colorado Springs has something to suit every lifestyle. From cozy single-family homes in friendly neighborhoods to modern townhouses with stunning views, the options are both diverse and appealing.

The city’s real estate market is thriving, making it an excellent time to explore your options. With a median home price that remains accessible, you can find properties that not only meet your budget but also offer the comfort and amenities you desire. Enjoy spacious backyards for family gatherings, proximity to top-rated schools, and easy access to hiking trails, parks, and local shops.

Embrace the Colorado Springs lifestyle, where adventure meets affordability. Discover your dream home today and become part of a community that celebrates the beauty of nature and the warmth of its residents. Your new beginning awaits in this captivating city!

Newest Colorado Springs Homes under $500,000

$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

$355,000

3 Beds ⋅ 3 Baths ⋅ 4818907 MLS

Stunning Rockrimmon Townhome with Foothill and Mountain Views! Beautifully updated and ideally situated in a serene foothill setting, this 3-bedroom, 3-bath townhome offers a walkout lower level and attached one-car garage. Step inside to an inviting living room featuring hardwood floors, a charming window seat and cozy gas fireplace. The updated kitchen features updated cabinets, a new microwave and dishwasher, newer refrigerator and updated lighting. A Pella sliding glass door opens to the expanded composite deck—the perfect place to relax, entertain and take in the peaceful setting and beautiful Colorado views. The primary bedroom captures wonderful mountain views, while the renovated full bath adds fresh, contemporary style. A second bedroom completes the upper level. The finished walkout lower level expands the living space with a comfortable family room, third bedroom, bathroom and storage—ideal for guests, a home office or additional living space. Thoughtful updates throughout include new interior paint, new carpet, updated kitchen and bathrooms, updated vinyl windows, updated lighting, Nest thermostat, four fire/co2 Nest Units and central air conditioning. Located in highly sought-after Academy School District 20, this home combines a beautiful foothill setting with exceptional convenience. Enjoy easy access to I-25, shopping, restaurants and dining, plus the ability to walk to Ute Valley Park and enjoy miles of hiking and biking trails. Tour this home today!

1909 Bristlecone Dr, Colorado Springs

$374,900

3 Beds ⋅ 2 Baths ⋅ 5999531 MLS

This charming 3-bedroom, 2-bathroom split-level home features an open-concept living and kitchen area alongside an additional spacious family room. Throughout the home, you will find a combination of LVP and ceramic flooring, with cozy carpet in the bedrooms. The kitchen comes well-equipped with stainless steel appliances, abundant cabinet storage, and an extra countertop section. All three bedrooms share a stylish full bathroom accented with inlaid tiling. Downstairs, the second living space includes a cozy wood-burning fireplace, a convenient half-bath, and a utility area. Outside, enjoy a fully fenced backyard with a concrete patio, as well as a grassy front yard with mature trees and an extended driveway.

1945 Mineola St, Colorado Springs

$254,000

3 Beds ⋅ 3 Baths ⋅ 8697034 MLS

EQUITY OPPORTUNITY – Investor Special! This spacious two-story home with a finished basement offers an excellent layout and incredible potential in the beautifully maintained Cobblestone community near parks, golf, top-rated schools, shopping, and just minutes from Fort Carson. Enjoy a quiet neighborhood with mature trees, mountain views, and frequent deer sightings—Colorado living at its finest. The main level features a roomy bedroom and an updated ¾ bath with a modern shower. A stunning stone wood-burning fireplace anchors the living room, adding a cozy cabin feel. The open dining and living areas flow seamlessly to the shady back patio—perfect for relaxing outdoors. Upstairs, the large primary suite includes a generous walk-in closet and an attached full bath with a soaking tub. The finished basement expands your living space with a big family room, another full bathroom, and a well-sized bedroom—ideal for guests, teens, or multi-generational living. This community is known for its beautifully maintained grounds and exteriors, plus fantastic amenities including an outdoor in-ground pool, a dedicated parking space, and a detached garage. With more than enough room to spread out and personalize, this home is ready for your loving touches and updates. Possible seller incentives available. Don’t miss this chance to secure value in a prime location—schedule your showing today!

290 Cobblestone Dr, Colorado Springs

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