Unknown Homes under $500,000

Welcome to the enchanting neighborhoods of Colorado, where stunning mountain views and a vibrant community spirit await you! If you’re seeking a charming place to call home without breaking the bank, you’ll be delighted to discover that numerous homes are available for under $500,000 in this picturesque state.

Imagine waking up each day to the breathtaking scenery of the Rocky Mountains, where outdoor adventures are just a stone's throw away. From hiking and biking trails to skiing and snowboarding in the winter months, Colorado offers a plethora of activities for nature enthusiasts and thrill-seekers alike. The state is also known for its diverse wildlife and beautiful parks, making it a haven for those who appreciate the great outdoors.

In addition to its natural beauty, the communities in Colorado boast a warm and welcoming atmosphere. You’ll find friendly neighbors, local farmers' markets, and engaging community events that foster a sense of belonging. Families will appreciate the excellent school districts and recreational facilities, while young professionals will enjoy the vibrant downtown areas filled with shops, restaurants, and cultural attractions.

The real estate market here is thriving, with a variety of homes available under $500,000. Whether you’re looking for a cozy starter home, a charming townhouse, or a spacious single-family residence, there’s something for everyone. With such an affordable price range, you can invest in your dream home while enjoying the unparalleled lifestyle that Colorado has to offer.

Discover your perfect home in Colorado today, and embrace a life filled with adventure, community, and breathtaking beauty!

Newest Unknown Homes under $500,000

$325,000

3 Beds ⋅ 2 Baths ⋅ 1,430 SqFt. ⋅ ACTIVE UNDER CONTRACT Status

Discover the possibilities with this 6-acre country property offering beautiful Pikes Peak and Front Range views, mature trees, and plenty of room to enjoy the Colorado lifestyle. This home features 3 bedrooms, 2 bathrooms, and an attached 1-car garage. Surrounded by open space and established trees, the property provides a peaceful setting with room for outdoor living, animals, hobbies, gardens, or future improvements. The home does need some TLC and updating, but offers abundant potential for a buyer ready to bring their vision and make it their own. Whether you're looking for a country retreat, a property to renovate, or simply more space and privacy, this acreage offers a unique opportunity with stunning mountain views and endless possibilities.

19117 Murphy Rd, Peyton

Courtesy of Keller Williams Premier Realty. 719-445-0234

$400,000

2 Beds ⋅ 1 Baths ⋅ 881 SqFt. ⋅ ACTIVE Status

Beautifully Remodeled Ranch Home on 50 Acres with Oversized Garage & Silo! Welcome to this beautifully remodeled ranch-style home situated on an expansive 50-acre property, offering privacy, space, and endless possibilities. This charming home features 2 bedrooms and 1 bathroom with extensive updates throughout. The remodeled kitchen provides a fresh, inviting space for everyday living and entertaining. The bathroom has also been updated, along with new doors, trim, and textured walls throughout the home. Additional improvements include a new roof and gutters, fresh interior and exterior paint, and numerous updates that make this home move-in ready. Outside, you'll find an oversized detached four-car garage offering plenty of room for vehicles, equipment, storage, or a workshop. The property also features a small, galvanized silo, adding character and a touch of its agricultural heritage. With 50 acres of land, there is plenty of room for outdoor recreation, animals, gardening, equipment, or simply enjoying the peace and privacy of country living. This is a rare opportunity to own a remodeled ranch home on 50 acres with an oversized detached garage and silo. Come enjoy the space, privacy, and possibilities this property has to offer!

10672 Boone Rd, Yoder

Courtesy of Keller Williams Partners. 719-955-1999

$350,000

3 Beds ⋅ 2 Baths ⋅ 1,024 SqFt. ⋅ ACTIVE Status

Escape to the wide-open spaces of eastern Colorado with this 35.4-acre property offering room to spread out, enjoy the outdoors, and make the land your own. Located just outside Calhan, this property combines a comfortable 3-bedroom, 2-bathroom home with the space and privacy that come with acreage living. Built in 2012, the 1,024 sq. ft. home offers a practical layout with three bedrooms and two bathrooms. Outside, you’ll find a spacious lot with plenty of room for animals, hobbies, equipment, gardening, recreation, or simply enjoying the peace and quiet of country living. The property also features a large detached outbuilding/shop, providing valuable space for storage, projects, equipment, or a workshop. The surrounding acreage offers a mixture of open grassland and established vegetation, with beautiful unobstructed views across the eastern plains. If you’re looking for a place where you can spread out, enjoy rural Colorado living, and have plenty of room to build your vision, this 35.4-acre property is worth a look.

29550 Mid Jones Rd, Calhan

Courtesy of Fathom Realty Colorado LLC. 888-455-6040

$444,000

3 Beds ⋅ 2 Baths ⋅ 2,136 SqFt. ⋅ ACTIVE Status

“Wake up to sunrise views of the Great Sand Dunes from your hot tub on 39.5 acres of wide-open Colorado land.” Enjoy wide-open Colorado living on 39.5 acres just minutes from Great Sand Dunes National Park and Preserve. This 3-bedroom, 2-bath brick home offers 2,136 sq ft of comfortable living space with an attached 2-car garage and expansive views of the surrounding mountains and dunes. The property is designed for true country living with a large barn, chicken coop, and two storage sheds, providing plenty of room for equipment, animals, or hobby farming. The acreage may also offer future building opportunities (subject to county approval), making it an attractive option for those seeking space for a family compound or long-term land investment. Relax in the hot tub area while enjoying sunrise views toward the Great Sand Dunes, and experience some of Colorado’s best night skies with minimal light pollution. Outdoor recreation is just minutes away, including hiking, sandboarding, and a year-round hot springs pool about 15 minutes toward the dunes. Private well and septic system. Horse and livestock friendly. Contact listing broker for details.

5366 Ln 10 Na, Hooper

Courtesy of Colorado Homes CO.

$375,000

3 Beds ⋅ 2 Baths ⋅ 1,216 SqFt. ⋅ ACTIVE Status

This is a rare opportunity to own a manufactured home with a huge 40X80 shop on a sprawling 40-acre property in the peaceful community of Ramah, offering wide open Colorado skies and room to breathe in every direction. The open concept main area feels bright and connected, with a spacious kitchen island offering bar seating and flowing naturally into the living and dining spaces. The primary bedroom offers a private ensuite bath with a walk-in shower, and two additional bedrooms provide all the flexibility you need for a comfortable rural retreat. The surrounding area delivers a wonderful small-town Colorado lifestyle. Rooster's Grille and Pizzeria in Calhan is a highly praised local favorite for outstanding pizza and a lively atmosphere, and Lady Luck Restaurant and Bar brings a solid bar-and-grill experience close by. El Bronco Ranch Market is a beloved community gem for fresh, authentic fare and everyday needs. Colorado Springs is a comfortable drive away for expanded shopping, dining, and entertainment when the open range calls you back to the city. Click the Virtual Tour link to view the 3D walkthrough.

40425 Funk Rd, Ramah

Courtesy of Orchard Brokerage LLC. 844-515-9880

$329,900

2 Beds ⋅ 1 Baths ⋅ 869 SqFt. ⋅ ACTIVE Status

Experience peaceful country living on this expansive 35-acre homestead in Matheson, Colorado. The charming ranch-style home features 2BRs, 1BA, & approx 1,240 sf of comfortable, main-level living space, surrounded by wide-open skies & sweeping views of the eastern Colorado plains. Inside, the home offers an inviting & practical layout w/ attractive wood laminate flooring throughout. The living area has a wood-burning stove (not currently installed) & lighted ceiling fan, & flows easily into a functional kitchen equipped with ample cabinetry, a dishwasher, range oven, & refrigerator. 2 cozy BRs provide a relaxing primary retreat & a versatile 2nd BR ideal for guests, family, or a home office. A bathroom with a walk-in shower & a convenient laundry area with washer & dryer complete the efficient main-level. The hot water heater, cistern pump, furnace & pressure tank are housed in the outdoor cellar area. Step outside to enjoy the privacy & possibilities that rural living provides. This horse-zoned property incl partial fencing, trees & essential rural utilities, incl a 1,000-gallon cistern, well, & 500-gal propane tank. The property also features a storage shed for tools & equipment, & an 1,800-sf garage/workshop w/ ample room for RV or small boat parking. The land offers endless opportunities for animals, gardening, outdoor recreation, or future improvements. Relax on the wood deck & take in unobstructed views of the beautiful Colorado prairie, where you’ll enjoy breathtaking sunrises, colorful sunsets, & brilliant star-filled night skies. Conveniently located within a short drive of the cities of Simla & Calhan, & within reach of Colorado Springs & the Denver metro area, this property combines the serenity of rural life with access to nearby amenities. Whether you're searching for a quiet full-time residence, a farm, or a peaceful weekend getaway, this Matheson ranch style home offers space, tranquility, & the chance to enjoy the beauty of Colorado’s countryside.

10573 County Road 165, Matheson

Courtesy of Exp Realty LLC. 843-860-0524

$365,000

3 Beds ⋅ 2 Baths ⋅ 1,056 SqFt. ⋅ ACTIVE Status

WELCOME TO THIS LOVELY RANCH STYLE HOME ~ SELLER IS IN THE PROCESS OF MAKING IMPROVEMENTS IN THE LIVING ROOM & KITCHEN ~ REPLACING THE WALL PANELS & TRIM IN THE LIVING ROOM AND NEW SUBWAY TILE IN THE KITCHEN ~ YOU'LL ENJOY PLENTY OF ROOM TO BREATHE AND SPREAD OUT TO TAKE ADVANTAGE OF THE RURAL LIFESTYLE ~ THIS WILL BE YOUR FULL SLICE OF PEACE & QUIET ~ THIS COMFORTABLE COZY HOME FEATURES AN OPEN FLOOR PLAN ~ 1,056 SQFT. SITTING ON 35.58 ACRES ~ 3 BEDROOMS ~ 2 FULL BATHROOMS ~ MASTER BEDROOM FEATURES AND ATTACHED FULL BATH & WALK-IN CLOSET ~ 2 ADDITIONAL BEDROOMS AND FULL BATH ARE SITUATED ON THE OTHER SIDE OF THE HOME ~ KITCHEN OFFERS AMPLE COUNTER & CABINET SPACE ~ ROOM FOR DINING & CONVENIENT LAUNDRY AREA ~ DETACHED 30X30 4 CAR GARAGE/SHOP HAS A CONCRETE FLOOR ~ 220V ELECTRICITY AND PROVIDES PLENTY OF SPACE FOR ALL OF YOUR STUFF ~ 16X10 SHED GIVES YOU MORE ROOM FOR STORAGE ~ CHICKEN COOP IS INSULATED ~ PREMIUM BONUS ~ FULLY FENCED ~ ELECTRIFIED ~ RV DUMP STATION ~ CONVENIENT LOCATION WITH EASY ACCESS TO EVERYTHING THAT COLORADO HAS TO OFFER ~ RECREATION & LIFESTYLE ~ ROOM FOR YOUR LIVESTOCK TO ROAM ~ SHOPPING ~ FOOD ~ ENTERTAINMENT ~ SCHOOLS ~ MILITARY BASES ~ BEAUTIFUL PARKS & SCENERY ~ APPROXIMATELY 45 MINUTES TO COLORADO SPRINGS ~ CHECK IT OUT ~ YOUR GOING TO LOVE IT!

38115 Alta Vista Rd, Calhan

Courtesy of The Cutting Edge. 719-999-5067

$275,000

1 Beds ⋅ 1 Baths ⋅ 870 SqFt. ⋅ ACTIVE Status

Welcome to your private slice of Colorado country living in Calhan—where wide-open space, endless skies, and true independence come together. Set on expansive acreage with panoramic prairie views, this property offers a rare opportunity to live intentionally and unplug from the noise. Designed for self-sufficient living, making it ideal for those seeking sustainability, resilience, or a more autonomous lifestyle. Inside, you’ll find a comfortable and functional layout with inviting living spaces, abundant natural light, and room to make it your own. The home provides a solid foundation for everyday living while allowing flexibility to customize and enhance your off-grid systems to suit your needs. There is also an unfinished space ready to complete for a 2nd bedroom. Step outside and experience the real value—wide-open land with endless potential and useful outbuildings. Whether you’re envisioning a homestead, recreational retreat, or simply a peaceful escape, this property gives you the space and freedom to create it. Bring your animals, your equipment, and your vision. Located within reach of Colorado Springs, this property balances rural privacy with accessibility—giving you the best of both worlds. If you’ve been searching for space, independence, and opportunity, this is one worth exploring.

11225 Mulberry Rd, Calhan

Courtesy of Keller Williams Premier Realty. 719-445-0234

$430,000

3 Beds ⋅ 2 Baths ⋅ 994 SqFt. ⋅ ACTIVE Status

Discover your private retreat on 35 acres of serene Colorado countryside! This charming 3-bedroom, 2-bath ranch-style home offers covered parking, an open floor plan with abundant natural light and modern updates throughout. Enjoy peaceful views from every window, a spacious kitchen with essential appliances, and comfortable living spaces perfect for relaxing or entertaining. Outside you have plenty of room for horses, hobbies, or future expansion. This property combines rural tranquility with easy access to Colorado Springs amenities. Don’t miss the opportunity to own your slice of Colorado paradise!

24225 Myers Rd, Colorado Springs

Courtesy of NextHome Elevation.

$450,000

1 Beds ⋅ 1 Baths ⋅ 1,200 SqFt. ⋅ ACTIVE Status

Nestled on a picturesque 40-acre property bordering a Pike National Forest, this unique opportunity offers a 60' x 60' x 18' Total of 3600 sq ft Insulated, Robust, Steel Beams Workshop with 600 sq ft Living Quarters, 600 sq ft Loft & 600 sq ft Basement. The entire workshop is heated with a Radiant Heating System powered by Wood Master Furnace, PAID OFF 2024 Inverter, Solar Panels & wire maintenance-free batteries. Well with a maximum pumping rate of 15 GPM it's perfect for residential or agricultural use. The property also features a Septic System with 1,000-gallon Two-Compartment Tank. The living quarters are thoughtfully designed with a kitchenette that includes a fridge, microwave & sink, a spacious living area warmed by a wood-burning stove that ensures cozy Colorado winter nights, and an adjacent sleeping area with room for a full-size bed & large bathroom for added comfort. Workshop and approximately 8 acres of the property are fenced, providing convenience, security, and ample space for various uses. Property is eligible to apply to Subdivide into Smaller Plots, with a minimum size of 5 acres per plot. There are no restrictions on the number of Horses, large & small livestock, as well domesticated animals that can be Raised on the property. With easy access to Eleven Mile and Spinney Reservoirs, you’ll enjoy some of the finest fishing & boating opportunities in Colorado. Explore endless views, and recreational activities, from miles of hiking and thrilling ATV trails. For hunters, this property is a dream come true, offering close access to abundant wildlife and excellent hunting grounds. This prime location also presents significant potential for a high-income rental property or other entrepreneurial ventures—let your imagination run wild! Situated 45 min from Woodland Park, 1:15 min from Col. Springs & just over an hour from Breckenridge, one of Colorado's Top Ski Destinations, this property offers the best of Colorado's outdoor lifestyle & adventure.

940 Puma Hills Rd, Lake George

Courtesy of HomeSmart. 303-858-8100

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