Colorado Springs Homes under $500,000

Welcome to the picturesque and vibrant community of Colorado Springs, nestled in the heart of El Paso County, Colorado. Known for its stunning views of the Rocky Mountains and a wealth of outdoor recreational opportunities, Colorado Springs is not just a place to live; it’s a lifestyle. With its rich history, diverse culture, and a strong sense of community, this charming city is perfect for families, professionals, and retirees alike.

For those seeking a home without breaking the bank, Colorado Springs offers an impressive selection of homes under $500,000. Whether you're in the market for a cozy single-family residence, a modern townhouse, or a spacious condo, you’ll find a variety of options that cater to different tastes and preferences. Many of these homes boast beautiful designs, updated amenities, and are situated in welcoming neighborhoods that foster a sense of belonging.

The area's affordability is complemented by its proximity to top-notch schools, parks, and shopping centers, making it an ideal environment for families. Outdoor enthusiasts will appreciate the abundance of hiking trails, parks, and nearby attractions like Garden of the Gods and Pikes Peak, providing endless opportunities for adventure right at your doorstep.

In Colorado Springs, you can enjoy a balanced lifestyle that combines urban conveniences with the serenity of nature. With homes under $500,000, your dream of living in this enchanting city is within reach. Come explore the possibilities and find your perfect piece of Colorado Springs today!

Newest Colorado Springs Homes under $500,000

$199,000

2 Beds ⋅ 1 Baths ⋅ 3841706 MLS ⋅ ACTIVE Status

**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

$423,900

4 Beds ⋅ 3 Baths ⋅ 5285037 MLS ⋅ ACTIVE Status

PRICE REDUCTION! Nestled on a peaceful cul-de-sac in the desirable Constitution Hills neighborhood, this beautifully updated two-story home offers the perfect blend of comfort, convenience, and breathtaking Colorado views! Step inside to soaring vaulted ceilings,newer plush carpeting, fresh interior paint, and a warm inviting living room, complete with a fireplace that creates an open and welcoming living space. The updated kitchen features new stainless steel appliances, including a new microwave. There is ample cabinet and countertop space, for your cooking needs. Luxury vinyl plank flooring is all throughout the main level. Enjoy your morning coffee or evening sunsets from the adjoining deck while taking in panoramic views of the Front Range and Pikes Peak. The views are one of the amazing highlights of this home. The main-level primary bedroom offers convenient one-level living with an adjacent full bath. Upstairs, you'll find a versatile loft, two spacious secondary bedrooms, a full bathroom, and a flexible space that could easily be converted into an additional laundry area. The finished basement provides the perfect space for a family room, guest suite, or fourth bedroom and includes an adjacent bathroom, oversized closet, and laundry room with a new washer and dryer included. There is also the ability to add a second set of washer and dryer in the upper level! Outside, the HUGE private backyard is surrounded by mature pine trees and a beautiful Silver Maple, creating a peaceful retreat for relaxing or entertaining. There has been outdoor lighting added for great ambiance on the back deck where the patio furniture is included. Additional updates include a newer furnace (2016), central air conditioning, and water heater. With stunning mountain views, thoughtful updates, vaulted ceilings, and a tranquil setting just minutes from shopping, dining, schools, and military installations, this move-in-ready home is one you won't want to miss!!

1510 Leoti Dr, Colorado Springs

$459,999

3 Beds ⋅ 3 Baths ⋅ 1592652 MLS ⋅ ACTIVE Status

Welcome home to this beautifully maintained two-story residence offering the perfect blend of modern comfort, functional living, and inviting spaces designed for everyday life. The open-concept main level is ideal for both entertaining and daily living, featuring a private office with French doors just off the entry, perfect for working from home or creating a quiet flex space. The spacious living room flows seamlessly into the dining area and well-appointed kitchen featuring stainless steel appliances, abundant cabinetry, generous counter space, a pantry, and a large center island that serves as the heart of the home. Whether hosting family and friends or enjoying a quiet evening at home, this thoughtfully designed layout offers comfort and functionality. A convenient main-level powder bath completes the first floor. Upstairs, retreat to the expansive primary suite complete with a large walk-in closet and an en-suite bath featuring dual vanities and a spacious walk-in shower. The upper level also offers generously sized secondary bedrooms, a full bathroom, and a conveniently located laundry room, making everyday living both comfortable and efficient. Step outside to a backyard thoughtfully designed for outdoor living, featuring a low-maintenance vinyl privacy fence, oversized concrete patio, covered pergola, low-maintenance artificial turf, and a dedicated play area that offers plenty of space to relax, entertain, and enjoy Colorado's beautiful weather. A welcoming covered front porch enhances the home's curb appeal, while the convenient location provides easy access to Fort Carson, Peterson Space Force Base, Schriever Space Force Base, schools, shopping, dining, parks, walking trails, and major commuter routes. Offering a thoughtful floor plan, inviting indoor and outdoor living spaces, and an exceptional location, this home is ready for its next owners to enjoy.

10857 Hidden Prairie Pkwy, Fountain

$499,999

4 Beds ⋅ 3 Baths ⋅ 8185967 MLS ⋅ ACTIVE Status

Welcome to 1112 Auburn Drive, a beautifully updated home in the heart of Colorado Springs with exceptional access to Downtown Colorado Springs, Fort Carson, Peterson Space Force Base, shopping, dining, parks, schools, and major commuter routes. This well-maintained home has been extensively updated from 2018-2026. Features include waterproof luxury vinyl flooring throughout most living areas and bedrooms, ceramic tile in the laundry room and 3/4 bath, fresh interior paint, ceilings, trim, baseboards, interior doors, and modern lighting. The remodeled kitchen offers granite countertops, an updated sink and faucet, stainless Samsung appliances (2019), and French doors opening to the great room. Bathrooms feature new vanities, sinks, faucets, toilets, tile shower surrounds, mirrors, shower doors, and fixtures. Additional interior improvements include an electric fireplace in the great room, a family room fireplace with a new mantle, replaced stair railings, flooring on all three staircases, smoke and CO detectors, exhaust fans, plus vents, outlets, switches, hardware, and brushed nickel finishes throughout. Outside, enjoy dedicated RV parking, multiple storage buildings, and exterior improvements including a Class 4 impact-resistant roof (2018), exterior paint, a new front door with a security screen, replaced patio doors leading to the backyard, brick walkways, landscaping, security lighting, and updated fencing and front porch pillars. Storage options include a 10' x 10' shed with electricity, a loft, and carpeting; a 10' x 12' insulated shed with interior lighting, plywood walls, and transferable warranty coverage; plus a 4' x 6' garden tool shed added in 2023. Major mechanical updates include a furnace with Digi-Motor (2019), AC compressor and motor (2023), and garage door opener (2020). Move-in ready, this home combines extensive updates with a central Colorado Springs location.

1112 Auburn Dr, Colorado Springs

$397,500

2 Beds ⋅ 1 Baths ⋅ 4084465 MLS ⋅ ACTIVE Status

Beautifully renovated 1920s bungalow seamlessly blends timeless charm with modern updates and showcases true pride of ownership inside and out. Perfectly situated across from Boulder Park, the fully fenced yard offers privacy and a welcoming covered front porch-an ideal spot to relax and enjoy the view. Step inside to discover beautifully refinished original hardwood floors, high ceilings, wide trim, a classic built-in hutch, and an inviting open floor plan filled with abundant natural light. Every detail has been thoughtfully updated, including new interior and exterior paint, new doors, and ceiling fans, while preserving the home's historic character. The spacious living room flows effortlessly into the dining area, creating an ideal space for everyday living and entertaining. The remodeled kitchen features updated cabinetry, granite countertops, a custom tile backsplash, stainless steel appliances, a gas range, overhead microwave, modern fixtures and hardware, plus a convenient coffee bar area with additional storage. The home offers two bedrooms and a beautifully updated full bathroom complete with a new vanity, mirror, fixtures, a large soaking tub, and custom tile surround. The large unfinished basement provides excellent storage and offers endless possibilities for future expansion. A new glass door leads to the backyard retreat featuring a wood deck, patio, and custom-built planter walls-perfect for outdoor entertaining or enjoying your private outdoor oasis. Completing the property is a detached two-car garage with convenient alley access. The home has updated exterior siding, fully landscpaed, and front sprinkler system. This move-in-ready gem combines historic character, thoughtful updates. Property is zoned R-2 and conveniently located to the park, hosptial, downtown, local coffee shops, local restaurants, and the exceptional walkablity. Some upgrades include, water heater 2023, roof 2021, electrical 2012, landscpaing, kitchen, bath, and exterior.

1315 E Boulder St, Colorado Springs

$260,000

3 Beds ⋅ 1 Baths ⋅ 7986530 MLS ⋅ ACTIVE Status

Welcome home to this beautifully maintained 3-bedroom, 1-bath ranch-style home offering comfortable single-level living. Featuring approximately 1,003 square feet of thoughtfully designed living space, this home blends classic charm with modern updates. The updated kitchen opens to a bright and inviting floor plan, while hardwood and tile flooring add warmth, character, and durability throughout. A spacious living area provides the perfect setting for relaxing evenings or entertaining family and friends. Step outside to a generously sized backyard, ideal for outdoor gatherings, gardening, pets, or simply enjoying the beautiful Colorado Springs weather. Conveniently located near shopping, dining, schools, parks, and military installations, this home offers both comfort and accessibility. Don't miss the opportunity to see all that this charming property has to offer-schedule your showing today!

54 Goret Dr, Colorado Springs

$375,000

3 Beds ⋅ 2 Baths ⋅ 9728649 MLS ⋅ ACTIVE Status

Located just minutes from the heart of downtown Colorado Springs, this 3-bedroom, 2-bath home offers a unique combination of character, flexibility, and value. Recent exterior improvements, including fresh paint and refreshed landscaping, further enhance the property's appeal. Inside, original hardwood floors, built-ins, and classic architectural details reflect the home's historic character, while thoughtful improvements provide modern comfort. The main kitchen features updated cabinetry and stainless steel appliances, and both bathrooms include more current finishes. A standout feature is the flexible layout, including a second kitchen and separate access to the upper level. Whether you're looking for space for multi-generational living, guests, a home office setup, or potential income-producing use, this home offers a variety of possibilities. Major system improvements have already been completed, including new air conditioning, furnace, and water heater, updated electrical panel, new PEX supply lines throughout, and a replaced sewer line to the city main-providing added confidence that many of the major components have already been addressed. Additional highlights include dedicated off-street parking, an enclosed front sunroom, a spacious backyard with concrete patio and fire-pit area, and a highly walkable location near the revitalized south end of downtown and the downtown core.

312 E Cimarron St, Colorado Springs

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