Homes For Sale in Colorado Under $400,000

Searching for the perfect balance between affordability and comfort? At Code of the West Real Estate, we help buyers find homes for sale in Colorado under $400,000 that check all the right boxes—from single-family homes and manufactured homes to modular homes and mountain properties with room to grow. Our listings include properties across southern Colorado, Colorado Springs, Denver CO, and beyond—whether you’re looking for your primary residence, investment property, or the ultimate dream home in the Rockies.
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Why Buy With Us?

  • Specialized in Colorado real estate, including manufactured homes for sale, mobile homes, and estate homes.

  • Knowledge of taxable value, market value, and how capital gains tax or property taxes affect your long-term investment.

  • Free tools like our home loan calculator, property tax estimator, and insights into income tax brackets, home value, and effective tax rates.

  • Local experience to help you find homes near schools, shopping, and recreation.

With access to cheap homes for sale in desirable neighborhoods, our team is here to help you find your dream home—without going over budget.

Are Colorado home prices dropping?

In some markets, yes. While Denver CO and Colorado Springs CO may remain strong, other areas have seen price adjustments due to changes in demand, interest rates, and inventory. These shifts may present great opportunities to buy before values rebound.

What salary do you need to buy a house in Colorado?

Depending on the area and your down payment, most lenders suggest an annual income of $75,000–$90,000 to comfortably afford a $400,000 home. However, with home equity rates, tax exemptions, and a good credit score, your buying power may stretch further.

How much does an average house cost in Colorado?

The average home price in Colorado currently hovers around $550,000, but that figure can be misleading. In many parts of southern Colorado—including Huerfano, Custer, and Las Animas Counties—there are plenty of well-maintained homes under $400,000 that offer great value.

 

Is it cheap to buy a house in Colorado?

It can be—especially if you know where to look. Compared to national hotspots, many Colorado towns offer cheap homes, manageable property tax bills, and access to affordable home loan options. With the right guidance, buying a home in Colorado is still within reach for many buyers, including middle-class families, disabled veterans, and those looking for term care alternatives in rural areas.

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