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New Construction Homes Under $500K in Denver, CO

118 Homes

Under Construction

From $498,000

3 Br | 2.5 Ba | 2 Gr | 1,617 sq ft

2020 S Gold Bug Way. Aurora, CO 80018

Lennar

3.8

From $473,500

3 Br | 3.5 Ba | 2 Gr | 1,875 sq ft

Surrey | Commerce City, CO

Oakwood Homes

From $485,900

3 Br | 2 Ba | 2 Gr | 1,320 sq ft Hot Deal

Durango | Brighton, CO

LGI Homes

4.0

From $447,900

3 Br | 2.5 Ba | 2 Gr | 1,480 sq ft Hot Deal

Silverton | Strasburg, CO

LGI Homes

4.0

From $477,900

3 Br | 2 Ba | 2 Gr | 1,293 sq ft Hot Deal

Chatfield | Brighton, CO

LGI Homes

4.0

From $443,990

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

Plan 1430 Modeled | Aurora, CO

KB Home

4.3

From $455,950

3 Br | 2.5 Ba | 2 Gr | 1,475 sq ft Hot Deal

Chicago | Northglenn, CO

Richmond American Homes

4.2

Under Construction

From $464,950

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

24553 E 41St Avenue. Aurora, CO 80019

Richmond American Homes

4.2

From $447,950

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

Boston | Aurora, CO

Richmond American Homes

4.2

Contact Builder for Details

3 Br | 2 Ba | 1 Gr | 1,252 sq ft

Vyktorea | Denver, CO

Lokal Homes

From $433,990

3 Br | 2.5 Ba | 2 Gr | 1,683 sq ft

The Orchard | Aurora, CO

Meritage Homes

Move-In Ready

$36,000

From $422,900 $458,900

3 Br | 2.5 Ba | 2 Gr | 1,653 sq ft

625 Aspen Avenue. Bennett, CO 80102

Lennar

3.8

From $409,990

3 Br | 2.5 Ba | 1,428 sq ft

The Willow | Aurora, CO

Meritage Homes

From $387,900

2 Br | 2.5 Ba | 2 Gr | 1,041 sq ft

Moreno | Denver, CO

Oakwood Homes

$20,000

From $492,900 $512,900

3 Br | 2.5 Ba | 1 Gr | 1,489 sq ft

Plan 305 | Aurora, CO

Lennar

3.8

From $463,990

3 Br | 2.5 Ba | 2 Gr | 1,874 sq ft

The Woodland | Aurora, CO

Meritage Homes

From $410,990

3 Br | 2.5 Ba | 2 Gr | 1,452 sq ft

The Willow | Aurora, CO

Meritage Homes

Under Construction

From $499,985

4 Br | 3.5 Ba | 2 Gr

16290 E 111Th Dr. Commerce City, CO 80022

Oakwood Homes

From $496,950

3 Br | 2 Ba | 2 Gr | 2,130 sq ft Hot Deal

Agate | Commerce City, CO

Richmond American Homes

4.2

From $419,950

3 Br | 2.5 Ba | 2 Gr | 1,435 sq ft Hot Deal

Boston | Aurora, CO

Richmond American Homes

4.2

$16,000

From $484,900 $500,900

3 Br | 2.5 Ba | 2 Gr | 1,598 sq ft

Summit | Elizabeth, CO

Lennar

3.8

Under Construction

From $484,950

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

22864 E Tufts Avenue B. Aurora, CO 80015

Richmond American Homes

4.2

From $499,990

2 Br | 2 Ba | 2 Gr | 1,499 sq ft Hot Deal

Caruthers | Aurora, CO

David Weekley Homes

From $412,400

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

Albright | Commerce City, CO

Oakwood Homes

Move-In Ready

Contact Builder for Details

2 Br | 2 Ba | 1 Gr | 1,085 sq ft

6153 N Ceylon St Unit 204 Building 10. Denver, CO 80249

Lokal Homes

From $481,990

4 Br | 2.5 Ba | 2 Gr | 1,794 sq ft

Aurora | Aurora, CO

Taylor Morrison

Under Construction

From $459,990

2 Br | 2 Ba | 1 Gr | 1,138 sq ft Hot Deal

487 Interlocken Blvd 209. Broomfield, CO 80021

Century Communities

3.6

From $497,990

3 Br | 2.5 Ba | 2 Gr | 2,312 sq ft

Bergamot | Brighton, CO

Meritage Homes

From $489,900

3 Br | 2 Ba | 2 Gr | 1,293 sq ft Hot Deal

Chatfield | Commerce City, CO

LGI Homes

4.0

From $489,500

3 Br | 2.5 Ba | 2 Gr | 1,689 sq ft

2530 - The McStain Parkway Collection | Thornton, CO

McStain Neighborhoods

Move-In Ready

From $499,990

3 Br | 2.5 Ba | 2 Gr | 1,829 sq ft Hot Deal

23681 E 40Th Ave. Aurora, CO 80019

Pulte Homes

3.5

From $495,900

2 Br | 2 Ba | 1 Gr | 1,099 sq ft

Plan 301 | Arvada, CO

Lennar

3.8

From $497,950

2 Br | 2 Ba | 2 Gr | 1,420 sq ft Hot Deal

Amethyst | Aurora, CO

Richmond American Homes

4.2

From $459,990

3 Br | 2.5 Ba | 2 Gr | 1,755 sq ft

Plan 1755 | Aurora, CO

KB Home

4.3

From $428,950

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

Boston | Aurora, CO

Richmond American Homes

4.2

From $379,900

2 Br | 2 Ba | 2 Gr | 1,011 sq ft

Muir | Denver, CO

Oakwood Homes

Under Construction

From $465,170

2 Br | 2 Ba | 2 Gr

16280 E 111Th Dr. Commerce City, CO 80022

Oakwood Homes

$50,000

From $420,900 $470,900

3 Br | 2.5 Ba | 2 Gr | 1,467 sq ft

Odyssey | Bennett, CO

Lennar

3.8

From $490,950

3 Br | 2 Ba | 2 Gr | 1,745 sq ft Hot Deal

Alexandrite | Brighton, CO

Richmond American Homes

4.2

$15,000

From $466,900 $481,900

2 Br | 2.5 Ba | 2 Gr | 1,395 sq ft

Princeton | Elizabeth, CO

Lennar

3.8

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Market Snapshot

New Homes in Denver by Region

RegionHomesAverage New Home Price
Downtown Denver 119$367,000
East Denver 807$587,000
North Denver 951$559,000
Northeast Denver 808$545,000
Northwest Denver 232$660,000
South Denver 111$328,000
Southeast Denver 315$527,000
Southwest Denver 60$722,000
West Denver 96$617,000

Top New Home Cities in Denver

CityHomesAverage New Home Price
Aurora553$583,227
Commerce City238$536,157
Littleton206$727,189
Castle Rock204$790,317
Erie182$721,548
Parker165$798,813
Broomfield138$619,150
Brighton117$520,433
Elizabeth109$578,241
Thornton102$659,128
Castle Pines92$827,613
Denver75$524,846

Denver 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 Denver has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Denver area. In fact, there are 288 new homes for sale in Denver with a good selection of cheaper homes starting at under $500K.

How to Find Homes in Denver 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.