10 Most Affordable Places to Live in Colorado [2024 Update]

Colorado’s majestic mountain ranges, sprawling open spaces, and extensive hiking trails make it a paradise for those who love the outdoors. Whether it’s hiking, camping, mountain biking, or skiing, the Centennial State offers endless activities that both residents and visitors can enjoy year-round. However, the cost of living in Colorado can be a bit daunting for those on a budget. Fortunately, there are still affordable cities and towns in the state where you can enjoy a high quality of life without breaking the bank. Let’s dive into the most affordable places to live in Colorado in 2024, using up-to-date information on median home prices.

This article was originally published on March 9, 2023.

1. Pueblo

Median home price: $275,000 (Redfin, July 2024)

Pueblo tops the list with a median home price of $275,000, making it the most affordable city in Colorado. Located just 45 miles from Colorado Springs, Pueblo offers a blend of history and culture. Residents enjoy attractions like the Historic Arkansas Riverwalk and the Sangre de Cristo Arts Center. The city’s affordability, combined with its rich cultural offerings, makes it a top choice for budget-conscious homebuyers.

2. Lamar

Median home price: $165,582 (Houzeo, 2024)

Lamar, located in southeastern Colorado, is known for its rural charm and historical significance. With a median home price of $165,582, it’s one of the most budget-friendly places in the state. Lamar is perfect for those looking to escape the hustle and bustle, offering a peaceful environment and outdoor activities like bird watching at the nearby John Martin Reservoir.

3. Greeley

Median home price: $436,479 (Redfin, July 2024)

Greeley, situated about 35 miles from Fort Collins, offers a mix of urban and rural living. With a median home price of $436,479, it’s more affordable than many other cities in Colorado. Residents of Greeley enjoy amenities like the Island Grove Regional Park and the Colorado Model Railroad Museum, making it an excellent choice for families and young professionals alike.

4. Canon City

Median home price: $318,237 (Houzeo, 2024)

Canon City, often called the “Gateway to the Royal Gorge,” is known for its stunning landscapes and outdoor recreation opportunities. The town has a median home price of $318,237, making it an affordable option for those who love the outdoors. From mountain biking to white-water rafting, Canon City offers a plethora of activities for adventure seekers.

5. Grand Junction

Median home price: $465,000 (Redfin, July 2024)

Located near the Utah border, Grand Junction is a hub for outdoor activities, from hiking and biking to skiing and rafting. With a median home price of $465,000, it’s a bit pricier than other options but still offers great value for those who prioritize outdoor living. The city is known for its wine country and scenic views, making it a top destination for nature lovers.

6. Fruita

Median home price: $223,500 (Uncover Colorado, 2024)

Fruita, a town just outside of Grand Junction, is gaining popularity as a mountain biking mecca. With a median home price of $223,500, Fruita is an affordable option for those who want to be close to the outdoors without paying the higher prices found in larger cities. The town’s outdoor scene and growing community make it a desirable place to call home.

7. Fountain

Median home price: $388,347 (Houzeo, 2024)

Fountain is another affordable city located just south of Colorado Springs. With a median home price of $388,347, it offers a suburban feel with easy access to the amenities of Colorado Springs. Fountain is known for its community events, excellent schools, and proximity to outdoor activities like fishing and hiking.

8. Brush!

Median home price: $284,627 (Houzeo, 2024)

Yes, Brush! has a unique name. With its small-town charm, it offers affordable living in a friendly community. The median home price of $284,627 makes it a great choice for those looking for a quieter lifestyle while still having access to essential amenities. The town is also known for its agricultural roots and outdoor recreation opportunities.

9. Aurora

Median home price: $482,750 (Redfin, July 2024)

Aurora, located just outside Denver, is the most affordable city in the Denver metro area. With a median home price of $482,750, it offers a balance of affordability and urban living. Aurora is known for its diverse community, extensive shopping and dining options, and proximity to outdoor activities like fishing and boating at Aurora Reservoir.

10. Colorado Springs

Median home price: $455,000 (Redfin, July 2024)

Colorado Springs, the second-largest city in Colorado, combines affordability with a high quality of life. The median home price of $455,000 makes it more affordable than Denver while still offering the amenities of a large city. Colorado Springs is home to iconic attractions like Pikes Peak and the Garden of the Gods, making it a great place for families and outdoor enthusiasts.

Conclusion

Colorado offers a diverse range of cities and towns where affordability and quality of life go hand in hand. Whether your clients are young professionals, families, or retirees, these affordable cities in Colorado provide excellent options for those looking to enjoy the state’s natural beauty without the high costs. With up-to-date information on median home prices and a variety of community features, you can help your clients find most affordable places to live in Colorado in 2024.

As a mortgage broker, your clients rely on your expertise to find them the best deals in these top 10 affordable cities. Our Loan Calculator tool can be an invaluable asset in your quest to secure the most advantageous mortgage rates. Be sure to explore our Programs section for additional resources tailored to your needs. If you have specific scenarios in mind, don’t hesitate to request them; we’re here to assist you. If you want to provide even more value to your clients, consider signing a Broker Package. Together, we can empower individuals and families to achieve their dreams of homeownership in most affordable places to live in Colorado.