Finding the most affordable places to live in Colorado is challenging even if you're a native. State-wide, Colorado has a median home value of $491,000. When you add in maintenance costs and property taxes, it can be difficult for many to buy and own a home. Because of that, we scoured the data to find the most affordable cities in Colorado, looking at median home prices, cost of living, and other factors to find your best options.
Looking for the most affordable places in Colorado is a start, but you'll save even more money by working with a great agent. The top Colorado real estate agents know the local market and where to find pockets of more affordable homes. They can also help negotiate a better price when you do find your dream home.
Ready to buy? Clever is a free service that connects you with the best real estate agents in Colorado from top brokers, like Keller Williams and RE/MAX.
With a Clever agent, you'll get instant MLS alerts on affordable Colorado homes, on-demand showings, and an expert negotiator on your side. Even better? Eligible home buyers get a check for up to 0.5% of the purchase price back after closing!
Ready to learn more about the most affordable places in Colorado? These are our top picks.
1. Firestone, Colorado
Nestled outside of the Boulder-Denver metro area, Firestone is a quiet haven amongst the hustle and bustle of the Front Range. Lauded for its open spaces and unobstructed mountain relief, Firestone gives residents million dollar views without the real estate price tag.
At almost 15,000 residents, Firestone is a small-big city that is perfect for families. 80% of homes are single-family ownership and Firestone was rated #1 best city in Colorado for homeownership, according to NerdWallet.
A golf course, sports complex, library, 640 acres of open space, and 25 miles of bike trails make this a city for sports and nature enthusiasts. Residents can commute quickly to Longmont, Denver, Boulder, or Fort Collins and still build equity in this affordable community.
2. Brush, Colorado
Just outside of Fort Morgan sits the small town of Brush!, Colorado. A lesser known, eastern Colorado city, Brush! is only an hour and a half from Denver and just over an hour to Denver International Airport.
Brush! is quaint and charming, with a picturesque main street, and we have to admit, that added exclamation point makes it all the more fun to say. The exclamation point came around in 1978 in order to inspire a can do image for the city and its residents, although the actual town was established long before that in 1882.
Settlers and homesteaders heading west stopped in Brush! and put down roots next to the fertile South Platte River Valley. To this day, Brush is an agricultural community with residents that descended from the original settlers and founding families.
Brush! is a short distance from Greeley, known for its energy and farming industry, and Fort Morgan. Telecommuters and digital nomads can afford to put down roots here and still reap the benefits of the nearby Rocky Mountains, Boulder, and Denver.
While the town is small with a population of 5,364, its residents don't lack for activities and community engagement. A recreation center, roller skating rink, senior center, a school system for K-12th graders that even offers free summer lunch to ensure kids in the community are well fed even when school is out. If you're looking for a warm welcome to Colorado, look no further than this charming plains town.
Finding a home to buy here is easier with a local agent! With Clever, you'll find a great Colorado realtor who can help with your home search.
3. Fort Morgan, Colorado
Just next door to Brush! lies the often underrated and easily overlooked town of Fort Morgan. Eastern plains towns of Colorado get a bad rap because certain legislation inspired much controversy with relaxed fracking regulations, just a few years back.
However, Fort Morgan is home to 11,000 people that work within its vibrant industries of agriculture, manufacturing, and city government. Fort Morgan is a home-run municipality, so locals have a variety of job opportunities without having to commute into and out of the larger surrounding cities.
As Boulder, Denver, Longmont, and Fort Collins continue to grow, more and more Colorodans and transplants will push out to inexpensive areas that have social and economical infrastructure. If you desire a city that values nature, preservation, and progress, look no further than Fort Morgan.
With myriad fishing ponds, a 240-acre wildlife park, and 77 acres of developed park land, there are plenty of ways to enjoy Colorado's great outdoors without paying Colorado prices. Home values in Fort Morgan are just beginning to rise, currently sitting at $208,500. Crime is extremely low, with one count of arrest occurring so far this year.
Fort Morgan is family friendly, facilitates easy nature access, and is gentle on your wallet if you're a first time home owner or just starting out.
4. Craig, Colorado
This northwestern town gets as cold as Alaska during the winter months, but summers sure are beautiful. Gentle rolling hills and rocky outcroppings mark this Colorado hideaway, attracting fishermen and sport hunters from all over.
Agriculture is big but the town of Craig is a close knit community that hire its own to staff locally run businesses and restaurants. Craig is family oriented and affordable. Steamboat Springs is a short drive away, making this the perfect location for ski bums, hunters, and rafters. The housing market in Craig is cooling so now could be a great time to buy.
5. Trinidad, Colorado
This southern city looks and feels vastly different than the rest of Colorado. It's situated on the historic Santa Fe trail and just 21 miles north of Raton, New Mexico. Trinidad feels more like an arid, desert climate than the lush, wet valleys of Summit County.
If you like to play, Trinidad should be your next home. Close to the Sangre de Cristo and the San Juan mountain ranges, Trinidad allows its residents access to some of the best terrain in the country. Taos and its world renowned ski terrain isn't far away either. New Mexico's Capulin Volcanoes are close and so are Colorado's Great Sand Dunes.
Trindad's industry is somewhat limited. Booms and busts were frequent, following the oil industry's fluctuations. However, currently Trinidad relies on tourism and cannabis as its main industries and benefits from its place along the border.
How to find affordable homes in Colorado
Whether you want to live in a bustling Colorado metro area or a tranquil small town, there's plenty to love in Colorado. Working with a local real estate agent is the best way to find the most affordable places to live in Colorado.
Ready to start house hunting? Clever is a free service that can match you with the best realtors in Colorado. And, when you buy with a Clever partner agent, you could get 0.5% of your purchase price back as a check after closing. On a $300,000 home, that's an extra $1,500 back in your pocket. That's real money!