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New Construction Homes Under $500K in Colorado Springs, CO

37 Homes

From $384,900

2 Br | 2.5 Ba | 2 Gr | 1,108 sq ft

The Gladstone | Peyton, CO

Challenger Homes

From $387,800

3 Br | 2.5 Ba | 2 Gr | 1,508 sq ft

Town 2 | Colorado Springs, CO

Classic Homes

Contact Builder for Details

2 Br | 2.5 Ba | 2 Gr | 1,161 sq ft

Clark | Colorado Springs, CO

Lokal Homes

Under Construction

From $450,881

3 Br | 2.5 Ba | 2 Gr | 1,949 sq ft

11333 Pura Vida Way. Fountain, CO 80817

Challenger Homes

Move-In Ready

From $480,200

4 Br | 3 Ba | 3 Gr | 2,001 sq ft

383 Indian Grass Street. Calhan, CO 80808

Mayberry Communities

Under Construction

From $380,920

2 Br | 2.5 Ba | 1 Gr | 1,436 sq ft

4032 Samaritan Loop. Colorado Springs, CO 80916

Challenger Homes

Under Construction

From $473,546

3 Br | 2.5 Ba | 2 Gr | 1,840 sq ft

4761 Amazonite Drive. Colorado Springs, CO 80938

Challenger Homes

From $472,990

3 Br | 2 Ba | 2 Gr | 1,933 sq ft Hot Deal

Telluride | Residence 39103 | Falcon, CO

Century Communities

Under Construction

$10,000

From $489,990 $499,990

4 Br | 3 Ba | 2 Gr | 2,237 sq ft Hot Deal

10745 Evening Creek Drive. Peyton, CO 80831

Century Communities

From $490,950

3 Br | 2.5 Ba | 2 Gr | 2,010 sq ft Hot Deal

Wintergreen | Monument, CO

Richmond American Homes

3.7

From $464,900

4 Br | 2.5 Ba | 2 Gr | 2,066 sq ft

The Sydney | Colorado Springs, CO

Challenger Homes

Under Construction

$19,000

From $424,950 $443,950

3 Br | 2.5 Ba | 2 Gr | 1,430 sq ft Hot Deal

8739 Scarborough Drive. Colorado Springs, CO 80920

Richmond American Homes

3.7

From $439,900

6 Br | 3.5 Ba | 3 Gr | 3,070 sq ft

The Van Buren | Fountain, CO

Challenger Homes

From $475,200

3 Br | 2.5 Ba | 2 Gr | 1,775 sq ft

Mountain Hillside Duo 3 | Monument, CO

Classic Homes

From $455,300

3 Br | 2.5 Ba | 2 Gr | 1,557 sq ft

Peak Mountain Duo 2 | Monument, CO

Classic Homes

From $464,995

4 Br | 3.5 Ba | 3 Gr | 2,371 sq ft

Olive | Colorado Springs, CO

Aspen View Homes

From $454,900

3 Br | 2.5 Ba | 2 Gr | 1,840 sq ft

The Rio | Peyton, CO

Challenger Homes

Under Construction

From $439,100

2 Br | 2 Ba | 1 Gr | 1,058 sq ft

17604 Brass Buckle Wy. Monument, CO 80132

Classic Homes

Under Construction

From $429,950

3 Br | 2.5 Ba | 2 Gr | 1,430 sq ft Hot Deal

2448 Purple Fountain Point. Colorado Springs, CO 80915

Richmond American Homes

3.7

From $309,900

4 Br | 2 Ba | 1,493 sq ft

Meadowlark | Colorado Springs, CO

Scott Allen Homes

From $423,400

3 Br | 2.5 Ba | 2 Gr | 1,727 sq ft

The Crestone | Fountain, CO

Challenger Homes

Under Construction

From $405,171

3 Br | 2.5 Ba | 2 Gr | 1,311 sq ft

6031 Notch Top Way. Colorado Springs, CO 80927

Oakwood Homes

From $399,950

3 Br | 2.5 Ba | 2 Gr | 1,430 sq ft Hot Deal

Boston | Colorado Springs, CO

Richmond American Homes

3.7

From $409,990

2 Br | 2 Ba | 2 Gr | 1,366 sq ft

Mykonos | Colorado Springs, CO

Oakwood Homes

Under Construction

From $499,733

3 Br | 2.5 Ba | 2 Gr | 1,697 sq ft Hot Deal

6338 Hula Hoop Grove. Colorado Springs, CO 80924

David Weekley Homes

Under Construction

From $392,164

3 Br | 2.5 Ba | 2 Gr | 1,311 sq ft

6027 Notch Top Way. Colorado Springs, CO 80927

Oakwood Homes

From $470,990

3 Br | 2.5 Ba | 2 Gr | 2,054 sq ft Hot Deal

Frisco | Residence 39204 | Falcon, CO

Century Communities

Under Construction

From $386,782

3 Br | 2.5 Ba | 2 Gr | 1,311 sq ft

6039 Notch Top Way. Colorado Springs, CO 80927

Oakwood Homes

Under Construction

From $429,403

3 Br | 2 Ba | 2 Gr | 1,643 sq ft

6035 Notch Top Way. Colorado Springs, CO 80927

Oakwood Homes

From $372,900

3 Br | 2.5 Ba | 2 Gr | 1,311 sq ft

Albright | Colorado Springs, CO

Oakwood Homes

From $369,400

2 Br | 2.5 Ba | 2 Gr | 1,255 sq ft

Town 1 | Colorado Springs, CO

Classic Homes

From $444,900

3 Br | 2.5 Ba | 2 Gr | 1,953 sq ft

Haflinger | Colorado Springs, CO

Oakwood Homes

Contact Builder for Details

2 Br | 2.5 Ba | 2 Gr | 1,161 sq ft

Clark | Colorado Springs, CO

Lokal Homes

Under Construction

From $490,000

3 Br | 2.5 Ba | 2 Gr | 1,649 sq ft Hot Deal

6326 Levity Heights. Colorado Springs, CO 80924

David Weekley Homes

From $445,065

3 Br | 2.5 Ba | 2 Gr | 1,878 sq ft

Yosemite | Colorado Springs, CO

Tralon Homes LLC

From $474,400

4 Br | 3.5 Ba | 2 Gr | 2,175 sq ft

Midtown 224 | Colorado Springs, CO

Classic Homes

From $482,990

2 Br | 2 Ba | 2 Gr | 1,877 sq ft

Pathfinder | Colorado Springs, CO

Oakwood Homes

Move-In Ready

From $471,040

3 Br | 2.5 Ba | 2 Gr | 1,878 sq ft

11467 Sanderling St. Colorado Springs, CO 80925

Tralon Homes LLC

From $433,900

4 Br | 2.5 Ba | 2 Gr | 1,635 sq ft

Astra at the Enclave | Peyton, CO

Campbell Homes

Under Construction

From $489,202

4 Br | 2.5 Ba | 2 Gr | 2,066 sq ft

4791 Amazonite Drive. Colorado Springs, CO 80938

Challenger Homes

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Market Snapshot

New Homes in Colorado Springs by Region

RegionHomesAverage New Home Price
East Colorado Springs 81$475,000
North Colorado Springs 114$1,212,000
South Colorado Springs 22$415,000
West Colorado Springs 16$864,000

Top New Home Cities in Colorado Springs

CityHomesAverage New Home Price
Colorado Springs672$715,487
Monument196$703,038
Peyton113$570,032
Manitou Springs16$462,945
Fountain15$429,672
Ellicott12$458,008
Falcon10$471,790
Florence5$418,650

Colorado Springs features many of the best homes builders and new construction home designs in Colorado. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Colorado Springs has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Colorado Springs area. In fact, there are 333 new homes for sale in Colorado Springs with a good selection of cheaper homes starting at under $500K.

How to Find Homes in Colorado Springs For Less Than $500K?

Builders see the growing demand for homes under the $500k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders use value engineering techniques to reduce the cost of construction and keep prices increasing too much. Smaller lots, standard-sized materials, and evening the pace of building can help deliver high-value for the cost. The results are delivering similar quality at lower prices.