Colorado Springs Homes under $500,000

Welcome to the stunning city of Colorado Springs, nestled at the foot of the majestic Rocky Mountains in El Paso County, Colorado. Known for its breathtaking landscapes, vibrant culture, and outdoor recreational opportunities, Colorado Springs is a place where natural beauty meets urban convenience. With its proximity to iconic landmarks such as Pikes Peak and Garden of the Gods, residents enjoy a lifestyle that embraces both adventure and tranquility.

For those seeking their perfect home in this enchanting city, Colorado Springs offers an impressive selection of properties under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, there’s something for everyone. From charming single-family homes with spacious yards to modern townhouses in friendly neighborhoods, you’ll find a diverse array of options that fit your budget and lifestyle.

Imagine waking up to panoramic mountain views, enjoying serene walks in nearby parks, or exploring the vibrant downtown area filled with art galleries, restaurants, and boutique shops. The community here is welcoming, with a strong sense of pride and a commitment to maintaining the area's natural beauty.

With excellent schools, a robust job market, and a wide range of amenities, Colorado Springs is not just a place to live; it’s a place to thrive. Explore the possibilities of homeownership in this remarkable city, and discover how you can make Colorado Springs your own personal paradise—all while staying within a budget that suits your needs. Your dream home awaits!

Newest Colorado Springs Homes under $500,000

$270,000

2 Beds ⋅ 2 Baths ⋅ 1,273 SqFt. ⋅ ACTIVE Status

Discover this charming, completely updated end-unit condo in the desirable, family-friendly Pinon Sun community. This home offers true low-maintenance living with an open-concept layout, enhanced by new flooring and well thought out updates. The incredible vaulted ceilings create a bright and welcoming atmosphere from the moment you enter. The spacious living and dining areas flow seamlessly to an over-sized private patio—perfect for relaxing outdoors, enjoying morning coffee, or taking in the peaceful surroundings. Pride of ownership shines throughout, and the well-cared-for complex provides a serene, low-traffic environment that residents love. Community amenities include a refreshing outdoor pool, ideal for enjoying warm Colorado days. You may also enjoy a dip in the spa/hot tub during the cooler months, while connecting with neighbors. The location is exceptionally convenient with quick access to the Powers Corridor, Academy Boulevard, and Palmer Park, making commuting and errands a breeze. You’ll be just minutes from a plethora of shopping, dining, and entertainment options while still enjoying the tranquility of this quiet, tucked-away neighborhood. A wonderful opportunity to own an end-unit condo in a peaceful and sought-after community—don’t miss your chance to make it yours. Contact Crystal Martinez at 719-922-7383, crystal.martinez@evrealestate.com

5070 Sunsuite Trl, Colorado Springs

Courtesy of Engel & Volkers Denver. 720-309-3014

$319,999

5 Beds ⋅ 2 Baths ⋅ 2,106 SqFt. ⋅ ACTIVE Status

Welcome to this beautifully remodeled 5-bedroom, 2-bathroom home featuring stylish wood laminate flooring and all new kitchen appliances. Enjoy the convenience of a detached 2 Car Garage, plus additional parking space for your boat or RV. The spacious, open basement offers extra living space with endless possibilities for a second living area, recreation room, or home gym. With its fresh updates and versatile layout, this home is ready for you to make it your own!

2606 E Bijou St, Colorado Springs

Courtesy of Homesmart Realty.

$285,000

3 Beds ⋅ 3 Baths ⋅ 1,472 SqFt. ⋅ ACTIVE Status

Come view this beautiful townhome located in the Rockrimmon area within District 20! This home features stunning views, a walkout basement, and a fenced backyard. The inviting living room offers hardwood floors and a cozy fireplace, while the kitchen provides plenty of cabinet space and a convenient breakfast bar. All appliances are included! Enjoy easy access to i-25, shopping, dining, and nearby hiking trails. Community amenities include a clubhouse, swimming pool, and picnic area. Schedule your showing today!

6818 Ravencrest Dr, Colorado Springs

Courtesy of REMAX PROPERTIES. 719-548-8600

$410,000

3 Beds ⋅ 3 Baths ⋅ 1,932 SqFt. ⋅ ACTIVE Status

Welcome to this beautifully maintained 3-bedroom home in the desirable Banning Lewis Ranch community! Ideally situated on a corner lot in a cul-de-sac, this home offers a bright, open-concept layout, modern finishes, and comfortable, functional living spaces. The inviting main level features a stylish kitchen with granite countertops, a large island with bar seating, stainless steel appliances, and ample storage, flowing seamlessly into the dining and living areas—perfect for everyday living and entertaining. A convenient powder room completes the main level. Upstairs, the spacious primary suite features a private bathroom, along with two additional bedrooms, a full hall bathroom, and a convenient laundry room. The versatile third-level loft offers endless possibilities for a home office, gym, guest space, or additional living area. Enjoy outdoor living on the private, fully fenced patio, while the attached two-car garage provides secure parking and extra storage. Additional highlights include a brand-new, energy-saving attic fan and an assumable VA loan opportunity. Enjoy low-maintenance living with an HOA that covers trash service, snow removal, and grounds maintenance, along with access to the community pool, tennis courts, and clubhouse. Banning Lewis Ranch offers a vibrant, family-friendly community with events, parks, trails, and open space, all conveniently located near schools, shopping, major highways, military bases, and growing area amenities. Don't miss this opportunity to enjoy comfort, convenience, and an exceptional community lifestyle!

6578 Shadow Star Dr, Colorado Springs

Courtesy of Kentwood Real Estate DTC, LLC. 303-773-3399

$364,900

4 Beds ⋅ 2 Baths ⋅ 1,503 SqFt. ⋅ ACTIVE Status

Welcome home to this wonderful ranch-style home offering comfortable living, a versatile layout, and a convenient Colorado Springs location! Whether you're a first-time homebuyer, looking for extra space, or searching for a home close to local military installations, this property is full of possibilities. The main level welcomes you with beautiful cherry hardwood floors in the living room, where a large bay window fills the space with natural light and creates a warm, inviting atmosphere. The open kitchen offers plenty of room for a full-sized dining table, making it easy to gather for everyday meals or entertain family and friends. Granite countertops, stainless steel appliances, and a built-in pantry make this kitchen both functional and appealing. Two comfortable carpeted bedrooms and a newly remodeled full bathroom complete the main level. Downstairs, the spacious basement provides even more room to spread out, featuring two oversized bedrooms and a second full bathroom. The first bedroom offers direct access to the bathroom, and a pass-through closet with under-stair storage. The current primary bedroom is located in the basement and is non-conforming, offering flexible options for ideal sleeping space, media / family room or hobbies. You'll also appreciate the dedicated laundry and utility room, along with additional storage space to help keep everything organized. The attached two-car garage provides access to the fully fenced rear yard and storage shed. Enjoy being just minutes from shopping, dining, entertainment, and everyday essentials. Peterson Space Force Base is approximately 10 minutes away, with Fort Carson about 20 minutes away. The home also offers convenient access to Schriever Space Force Base and downtown Colorado Springs, making commuting and enjoying everything the area has to offer a breeze. Come discover the comfort, space, and convenience this charming ranch home has to offer!

4254 Halstead Cir, Colorado Springs

Courtesy of RE/MAX Real Estate Group LLC. 719-534-7900

$395,000

5 Beds ⋅ 3 Baths ⋅ 2,244 SqFt. ⋅ ACTIVE Status

Big space, a great backyard, and a location that’s hard to beat. This is your chance to create the home you’ve been picturing. The 5 bedroom, 3 full , bath bi-level offers nearly 2,400 finished square feet on an oversized 10,402 sq ft lot with mountain views. The size, the lot, and the location are already in place. All that’s missing is your vision. Pick your finishes, put your style on every room, and build equity from day one. Step outside and the backyard sells itself. Low maintenance turf stays green year-round with no mowing and no watering bill. It’s an easy, inviting space for summer cookouts, pets, play, or evenings watching the sun set over the mountains. With this much lot, there’s still plenty of room left for gardens, a patio, or your next big project. Location matters, and this one delivers. Fort Carson and Peterson SFB are just minutes away with quick access to I-25, so commutes stay short and weekends stay free. Widefield District 3 schools, parks, shopping, and dining are all close by. Homes with this much space in an established, active neighborhood don’t come along often. Whether you’re making it your own or looking for a smart value-add opportunity, this one is worth seeing. Additional features include a whole-home water filtration system, an attached garage, two carports with shop/storage space, and a smart home security system. Washer, dryer, and refrigerator included.

444 Eudora St, Colorado Springs

Courtesy of The Platinum Group. 719-536-4444

$285,000

3 Beds ⋅ 2 Baths ⋅ 1,096 SqFt. ⋅ ACTIVE Status

Adjacent to the Cottonwood Creek Trail and nestled in the premier Ptarmigan Court community, this 3 bdrm, 1.5 bath town home offers an incredibly functional floor plan that maximizes every inch with a welcoming entry coat closet, spacious under-stair storage, and a deep upper-level linen closet. Beautiful engineered wood flooring flows seamlessly through the main level living area adding modern appeal and ease of maintenance. The kitchen features black appliances, plenty of counter and cabinet space, and a window above the sink allowing natural light to pour in. The separate eating area connects the kitchen and great room and blends indoor and outdoor living spaces with walk-out access to the patio and greenbelt. The great room is anchored by a wood-burning fireplace, great for ambience and those chilly winter nights! Rounding out the main level is a half-bath for added convenience, and includes a dedicated laundry space; washer and dryer included! On your way upstairs, take note of the generous landing, perfect for your favorite seasonal decor, or for taking a pause. The upper level is complete with three bedrooms and a full bathroom. One of the two westerly facing bedrooms captures a mountain view! Enjoy a peaceful, park-like setting from the back patio, or the lovely sitting area out front; both offering private outdoor nooks. Complete with a one-car attached garage and ample driveway, there are several guest parking spaces just steps away. Recent significant updates offering peace of mind include a NEW roof in 2024, NEW Furnace in 2022, Updated Electrical Panel 2022, and a NEW Water Heater 2018. Outdoor enthusiasts have easy access to hop on the trail and enjoy miles of interconnected urban paths for morning jogs, evening strolls, or weekend bike rides. Close to parks, shopping, dining, and entertainment, this home offers an unbeatable layout, a legendary location, and a spectacular outdoor lifestyle! All this home needs is a NEW Owner, and that...should be YOU!

7412 Casa Grande Ct, Colorado Springs

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

$390,000

3 Beds ⋅ 3 Baths ⋅ 1,824 SqFt. ⋅ ACTIVE Status

New to the market and just in time to settle in before the holidays, this ranch style home in the Southborough neighborhood offers the classic charm of an established neighborhood with the modern twist you desire! Renovated in 2022, this incredible home has a combination of luxury vinyl, carpet, and tile floors. The kitchen is bathed in natural light from the window above the sink, enhancing its bright and airy feel. Designed with an open concept, it features stunning quartz countertops, stainless steel GE appliances, plentiful counter and cabinet space, and a pantry for additional storage! The main-level primary suite is impressively spacious, as you'll see upon viewing. It’s paired with a stunning four-piece bath featuring a generous shower, a lavish soaking tub, a stylish vanity, and additional closet space—it’s absolutely gorgeous! An additional half bath rounds out the main level. The basement features 2 additional bedrooms, a 3/4 bath, a spacious recreation space and a mechanical room with laundry hookups and ample storage space. You’ll also enjoy the comforts of central air conditioning for those sizzlin’ summer days, an attached one-car garage, and a large back yard…mountain views included! With no HOA and easy access to Academy and Powers Blvds, and I-25, and surrounded by a plethora of dining and shopping venues, this home has a lot to offer! Having been recently renovated with nearly everything new, all it needs is a new owner, and that should be YOU! Your Search is Over…Welcome Home!

4087 London Ln, Colorado Springs

Courtesy of Keller Williams Clients Choice Realty. 719-535-0355

$359,900

3 Beds ⋅ 2 Baths ⋅ 1,436 SqFt. ⋅ ACTIVE Status

Make the most of modern living in desirable Banning Lewis Ranch, where a flexible three-level design, contemporary finishes, and inviting outdoor spaces create a home that adapts to your lifestyle. Whether you need a home office, fitness studio, creative retreat, or extra space for guests, this thoughtfully designed home offers options to make it your own. Enter from the front patio into a welcoming foyer with a large entry closet and versatile flex space behind a barn door. Use it as a gym, family room, studio, or guest retreat, with direct access to the fenced side yard. An attractive open staircase framed by abundant windows leads to the upstairs living level, where the contemporary kitchen and great room create a bright, connected gathering space. A wall-mounted fireplace adds a cozy focal point, while the private balcony extends your living space outdoors. The stylish kitchen combines stone countertops, a center island, task lighting, a gas range, open shelving, and an accent window to create a space that's as functional as it is inviting. Two generously sized bedrooms, a full bath, and laundry complete this level. Upstairs, the private primary suite offers a welcome escape, featuring an attached bath, walk-in closet, and sitting area. An oversized, south-facing two-car garage provides extra room for a workbench, outdoor gear, and everyday storage, with the fenced yard just steps away. Enjoy the Banning Lewis Ranch lifestyle with nearby parks, schools, shopping, entertainment, and miles of trails. The Ranch House offers a clubhouse, fitness center, junior Olympic pool, pickleball courts, and more. Conveniently located near the Powers corridor, the home also offers access to Peterson Space Force Base, Fort Carson, and I-25.

5720 Tramore Ct, Colorado Springs

Courtesy of Berkshire Hathaway HomeServices Rocky Mountain. (719) 576-6767

$300,000

3 Beds ⋅ 2 Baths ⋅ 1,492 SqFt. ⋅ ACTIVE Status

This property has been tenant occupied for many years. Seller has never occupied this property. Property is on a curve, sort of cul-de-sac, of Hollow Road, facing West. Large yard, mostly fenced. Bus transportation is relatively close to this property. Property is sold STRICTLY AS IS, including landscaping, fences and outbuilding storage unit in back. All objects in property to be disposed of by buyer. Basement bathroom has been a 3/4 bath, but no knowledge if it is working. There is a wood burning fireplace in basement, but no knowledge of working order.There are no basement pictures.

4040 Hollow Rd, Colorado Springs

Courtesy of RE/MAX Professionals. (303) 972-9999

$440,000

3 Beds ⋅ 3 Baths ⋅ 1,949 SqFt. ⋅ ACTIVE Status

Welcome to this standout Challenger Homes Elbert model offering contemporary architecture, three levels of thoughtfully designed living space, and the bells and whistles that made the model home so appealing! From the moment you arrive, the modern architecture sets this home apart. The Elbert floor plan takes advantage of its vertical design, creating distinct spaces for everyday living, entertaining and retreating at the end of the day. Stylish finishes, smart-home conveniences and thoughtful upgrades carry throughout, giving the home a polished, move-in-ready feel. The kitchen and main living areas create an inviting centerpiece for gathering and entertaining, while the multi-level layout provides separation and flexibility between living and bedroom spaces. Smart features include a smart thermostat, Bosch dishwasher, smart sprinklers, smart doorbell plug-ins on each level and automated window shades in one bedroom. Outside, more than $7,500 has been invested in backyard landscaping, extending the living space outdoors and creating a finished space to relax, entertain and enjoy Colorado's beautiful seasons. The garage is equally impressive with electrical enhancements completed by High Peaks Electric LLC, including three 240V outlets, additional 110V outlets and LED light strips, adding exceptional functionality for hobbies, equipment and future needs. And then there’s the location! Enjoy convenient access to Downtown Colorado Springs while remaining close to area military installations and the extensive shopping, dining, entertainment and everyday conveniences found along the Powers Corridor. With the distinctive architecture, model-home-inspired features, smart technology, outdoor improvements and a location that keeps you connected to so much of Colorado Springs, 833 Grissom Drive delivers style, function and convenience across all three levels.

833 Grissom Dr, Colorado Springs

Courtesy of West and Main Homes. 720-299-6635

$439,000

4 Beds ⋅ 3 Baths ⋅ 2,279 SqFt. ⋅ ACTIVE Status

Space, updates, and no HOA in a growing part of Colorado Springs with easy access to Peterson SFB, Schriever SFB, Fort Carson, and a short drive to the Airport! The large kitchen features updated cabinetry, Corian countertops, an updated range, and a refrigerator that stays. Waterproof vinyl plank flooring runs through the main level, upstairs hall, and upstairs bath, and fresh interior paint throughout adds clean, move-in-ready appeal. The main-floor primary suite is a true retreat with a five-piece ensuite bath and a custom IKEA closet system. Upstairs are three more bedrooms and a full bath with a double vanity. Every bedroom has a walk-in closet, and a laundry chute runs from the second-floor hallway to the main-level laundry room. The 1,500+ sq ft unfinished basement has roughed-in bathroom plumbing, and multiple storage racks. It's ready for a theater, gym, workshop, extra bedrooms, or whatever fits your needs. Outside, enjoy a new fence, green grass, a freshly mulched backyard with weed fabric, a new pergola over the deck, a fire-pit surrounded by fresh gravel, and a one-year-old hot tub that stays. A new garage door and new primary bedroom window are scheduled for installation. Additional peace-of-mind updates include a water softener under five years old, brand-new extensive basement waterproofing with French drains and a sump pump, exterior paint under six years old, a newer roof, A/C with a newer fan motor, and a recently serviced gas fireplace. Washer and dryer stay too. Enjoy open skies and less traffic, with King Soopers Marketplace, Safeway, and veteran-owned Olde Town Coffee Shop not far away. Shopping, dining, schools, and parks are all within a 5–10 minute drive. A smart buy for comfort, convenience, and long-term livability, and no HOA!

9225 Chieftan Dr, Colorado Springs

Courtesy of REMAX PROPERTIES. 719-548-8600

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