Skip main navigation

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



Quick Move-In Hot Deals Model Homes Ready to Build

389 Homes

The Charleston - The Enclaves at Mountain Vista: Colorado Springs, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Charleston

Colorado Springs, CO 80938

Challenger Homes

The Enclaves at Mountain Vista

888-834-7694

$474,900

5 Br | 3.5 Ba | 4 Gr
3,827 sq. ft.

The Antero - Chapel Heights: Colorado Springs, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Antero

Colorado Springs, CO 80916

Challenger Homes

Chapel Heights

888-247-7214

$394,900

3 Br | 2 Ba | 1 Gr
1,494 sq. ft.

Plan 1542 - Pueblo West: Colorado Springs, Colorado - Tralon Homes LLC

Available Now

Plan 1542

284 S Spaulding Avenue
Colorado Springs, CO 80925

Tralon Homes LLC

Pueblo West

888-674-2240

$407,815

3 Br | 2 Ba | 2 Gr
1,617 sq. ft.

The Manchester - Falcon Meadows at Bent Grass: Peyton, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Manchester

Peyton, CO 80831

Challenger Homes

Falcon Meadows at Bent Grass

888-435-8495

$484,900

7 Br | 4 Ba | 4 Gr
3,811 sq. ft.

The Van Buren - Falcon Meadows at Bent Grass: Peyton, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Van Buren

Peyton, CO 80831

Challenger Homes

Falcon Meadows at Bent Grass

888-435-8495

$440,900

5 Br | 3.5 Ba | 3 Gr
3,123 sq. ft.

Advertisement

Clark - The Commons at Victory Ridge: Colorado Springs, Colorado - Lokal Homes

Now Building

Virtual Tour

Clark

10578 Domeykite View
Colorado Springs, CO 80908

Lokal Homes

The Commons at Victory Ridge

888-635-1290

$454,575

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

Boston - Urban Collection at Palmer Village: Colorado Springs, Colorado - Richmond American Homes

Ready to Build

Green Video Plan Viewer

Boston

Colorado Springs, CO 80915

Richmond American Homes

Urban Collection at Palmer Village

888-901-7562

$389,950

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

The Belford - Chapel Heights: Colorado Springs, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Belford

Colorado Springs, CO 80916

Challenger Homes

Chapel Heights

888-247-7214

$389,900

3 Br | 2.5 Ba | 1 Gr
1,367 sq. ft.

Hallberg - The Hills at Lorson Ranch: Colorado Springs, Colorado - Tralon Homes LLC

Now Building

Virtual Tour

Hallberg

10776 Witcher Drive
Colorado Springs, CO 80925

Tralon Homes LLC

The Hills at Lorson Ranch

888-300-2680

$471,845

3 Br | 2.5 Ba | 2 Gr
2,115 sq. ft.

Harmony - Pueblo West: Pueblo West, Colorado - Westover Homes

Available Now

Virtual Tour

Harmony

1063 Kirkwood DR
Pueblo West, CO 81007

Westover Homes

Pueblo West

888-303-8911

$391,300

3 Br | 2 Ba | 3 Gr
1,631 sq. ft.

Albright - Banning Lewis Ranch: Colorado Springs, Colorado - Oakwood Homes

Ready to Build

Green

Albright

Colorado Springs, CO 80916

Oakwood Homes

Banning Lewis Ranch

888-832-6431

$371,900

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

Magnolia - Aspen Meadows: Colorado Springs, Colorado - Aspen View Homes

Ready to Build

Magnolia

Colorado Springs, CO 80908

Aspen View Homes

Aspen Meadows

888-209-0905

$474,995

3 Br | 2 Ba | 2 Gr
1,809 sq. ft.

222 - Hannah Ridge: Colorado Springs, Colorado - Classic Homes

Ready to Build

Virtual Tour Plan Viewer

222

Colorado Springs, CO 80922

Classic Homes

Hannah Ridge

888-499-7461

$469,000

3 Br | 2.5 Ba | 2 Gr
1,849 sq. ft.

The Gladstone - Ascent at Bent Grass: Peyton, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Gladstone

Peyton, CO 80831

Challenger Homes

Ascent at Bent Grass

888-874-1711

$374,900

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

Ruby - Banning Lewis Ranch: Colorado Springs, Colorado - Richmond American Homes

Ready to Build

Green Video Plan Viewer

Ruby

Colorado Springs, CO 80927

Richmond American Homes

Banning Lewis Ranch

888-252-3530

$499,950

2 Br | 2 Ba | 2 Gr
1,870 sq. ft.

The Manchester - Saddle Ridge at Sterling Ranch: Colorado Springs, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Manchester

Colorado Springs, CO 80908

Challenger Homes

Saddle Ridge at Sterling Ranch

888-236-2510

$489,900

5 Br | 3 Ba | 4 Gr
2,659 sq. ft.

Rand - Banning Lewis Ranch: Colorado Springs, Colorado - Oakwood Homes

Now Building

Green Virtual Tour

Rand

5797 Thurless Lane
Colorado Springs, CO 80927

Oakwood Homes

Banning Lewis Ranch

888-832-6431

$431,595

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

The Sydney - Skyline Ridge: Colorado Springs, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Sydney

Colorado Springs, CO 80924

Challenger Homes

Skyline Ridge

888-998-5715

$468,900

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

Raymond - The Retreat in Banning Lewis Ranch: Colorado Springs, Colorado - OakwoodLife

Ready to Build

Green

Raymond

Colorado Springs, CO 80927

OakwoodLife

The Retreat in Banning Lewis Ranch

888-320-8563

$430,990

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

The Charleston - Ventana South: Fountain, Colorado - Challenger Homes

Ready to Build

Plan Viewer

The Charleston

Fountain, CO 80817

Challenger Homes

Ventana South

888-521-8030

$494,900

5 Br | 3.5 Ba | 4 Gr
3,827 sq. ft.

NEXT STEPS TO FINDING YOUR PERFECT NEW HOME

Save a Home

Like a home? Save it!

Click the bookmark to save a home so you don't forget about it
Find a Match

Didn't find a match yet?

Adjust the filters to better meet your search criteria
Keep on going

Keep on going!

The home you love might be on the next page

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 580 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.