Colorado Springs Homes under $500,000

Colorado Springs Homes under $500,000

Welcome to Colorado Springs, a stunning gem 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, this thriving city offers an exceptional quality of life for residents of all ages.

In Colorado Springs, you’ll find a diverse range of homes, including a fantastic selection priced under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, this area has something to suit your needs. From charming single-family homes to modern townhouses, these properties offer both comfort and style without breaking the bank.

Imagine waking up to panoramic views of Pikes Peak, exploring the scenic trails of Garden of the Gods, or enjoying a leisurely afternoon at one of the many local parks. Colorado Springs is not only a paradise for outdoor enthusiasts but also boasts a rich history and a vibrant arts scene, with galleries, theaters, and community events that foster a strong sense of belonging.

The neighborhood is well-serviced by excellent schools, shopping centers, and dining options, providing everything you need within a short drive or a pleasant stroll. With a growing economy and a strong sense of community, Colorado Springs is the perfect place to call home.

Don’t miss out on the opportunity to own a piece of this enchanting city. Explore the available homes under $500,000 today and discover why Colorado Springs is the ideal place for your next chapter!

Newest Colorado Springs Homes under $500,000

5830 Gunshot Pass Dr, Colorado Springs
$249,999
1 Beds ⋅ 1 Baths ⋅ 7287278 MLS ⋅ ACTIVE Status
Under $250,000. No HOA. A one-car garage AND a fenced backyard off the Powers corridor? Yes, you read that right! This one-bedroom, one-bath home offers a manageable footprint with features that make a big difference: your own garage, a fenced backyard to make your own, and convenient access to shopping, dining, and entertainment. Whether you're purchasing your first home or looking to downsize, here's an opportunity to keep life simple while enjoying your own space.

5830 Gunshot Pass Dr, Colorado Springs
5302 Solar Ridge Dr, Colorado Springs
$249,999
3 Beds ⋅ 2 Baths ⋅ 5642087 MLS ⋅ ACTIVE Status
Three bedrooms. Two bathrooms and a garage, all priced under $250,000. Your next chapter starts here! Priced at $249,999, this Solar Ridge townhome offers 1,253 square feet of finished living space, ready for you to make it your own. The multilevel layout includes two upstairs bedrooms and one in the finished basement that adds flexibility for a home office, workout area, or additional living space. Two assigned parking spaces provide everyday convenience, while the location near Barnes Road and the Powers corridor puts shopping, dining, entertainment, and everyday essentials within easy reach. Enjoy nearby parks and recreation, plus the convenience of Colorado Springs School District 11. Whether you're purchasing your first home or looking for a space that better fits your next move, this townhome deserves a spot on your showing list. Bring your ideas, explore the possibilities, and see what $249,999 can buy in Colorado Springs.

5302 Solar Ridge Dr, Colorado Springs
1318 N Prospect St, Colorado Springs
$297,500
3 Beds ⋅ 1 Baths ⋅ 8128840 MLS ⋅ ACTIVE Status
This charming 1949 ranch-style home features three bedrooms, an oversized lot, and plenty of potential to add a garage or ADU. Zoned R-2, the property offers added possibilities. Full of character, the home showcases original doors and built-in features, beautifully refinished hardwood floors, and fresh interior paint. The open living/dining room features a large bay window that fills the space with natural light, along with a convenient coat closet. Alley access with plenty of off street parking. Located in the desirable Patty Jewett neighborhood, this property offers a wonderful opportunity to own in one of Colorado Springs desirable neighborhoods. Enjoy tree-lined streets with mature trees, nearby walking trails, Patty Jewett Golf Course, and timeless neighborhood charm. Whether you're looking to appreciate its original character or explore its future potential, this is an opportunity worth seeing!

1318 N Prospect St, Colorado Springs
1213 W Bijou St, Colorado Springs
$499,999
4 Beds ⋅ 3 Baths ⋅ 2903018 MLS ⋅ ACTIVE Status
Old Colorado City charm with income potential built right in! This bright blue 2,566 sq ft home, topped with a brand-new 2026 roof, is the OCC gem you've been waiting for. Set on an extra-large lot, it's just minutes from the shops, restaurants & galleries of Old Colorado City, with downtown, Garden of the Gods & Red Rock Canyon Open Space all close by. Inside, high vaulted ceilings, warm wood built-ins & an exposed brick column give the home personality you won't find in newer construction. The sunny living room welcomes you with stunning mountain views through a large window and flows effortlessly into the dining room & roomy kitchen. The main level is complete with two bedrooms & a full bath. Upstairs, the expansive primary suite has ample room for furniture, plus an en-suite full bath & laundry space. Rounding out the space is a quirky bonus room that could expand the existing walk-in closet, serve as a private office, or become whatever you need it to be. But the real opportunity of this home is downstairs: the finished half of the basement already has a 3/4 bath, is pre-plumbed for a kitchen, and the zoning is in place to make a duplex conversion a realistic next step. With a private entrance through the back mudroom, it could easily become a stand-alone unit for rental income or extended guests. Prefer to keep it simple? It also works as a non-conforming fourth bedroom with an egress window already in place, an office, or a family room. Outside, the backyard is made for enjoying Colorado, with paver patios, a grassy lawn & ample room to garden and play, all backing to a private wooded area with sweeping views of Pikes Peak to the west. And don't miss the two-story barn-style shed, ready to become a workshop, art space, or the most stylish storage on the block. Plus, enjoy plenty of parking out front! Homes with this much charm and this much flexibility don't come along often. See it before it's gone!

1213 W Bijou St, Colorado Springs
1510 Leoti Dr, Colorado Springs
$422,900
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
10857 Hidden Prairie Pkwy, Fountain
$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
1112 Auburn Dr, Colorado Springs
$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
1315 E Boulder St, 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
54 Goret Dr, 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
Start Your Search

Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.


How much is your home worth?

Get instant property value now!