How much house does $500,000 buy you in Colorado Springs?

Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000. 

These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.

While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Colorado Springs?

To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Colorado Springs right now. Listings below $500,000 were included if necessary.

830 Winebrook Way, Fountain, CO 80817
- Price: $500,000
- 6 bedrooms, 3 bathrooms
- Square feet: 3,082
- See 830 Winebrook Way, Fountain, CO 80817 on Redfin.com

2810 Downhill Dr, Colorado Springs, CO 80918
- Price: $500,000
- 6 bedrooms, 3 bathrooms
- Square feet: 2,419
- See 2810 Downhill Dr, Colorado Springs, CO 80918 on Redfin.com

7881 Wagonwood Pl, Colorado Springs, CO 80908
- Price: $500,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,373
- See 7881 Wagonwood Pl, Colorado Springs, CO 80908 on Redfin.com

7530 Peachleaf Dr, Colorado Springs, CO 80925
- Price: $500,000
- 5 bedrooms, 4 bathrooms
- Square feet: 3,322
- See 7530 Peachleaf Dr, Colorado Springs, CO 80925 on Redfin.com

6184 Wood Bison Trl, Colorado Springs, CO 80925
- Price: $500,000
- 5 bedrooms, 4 bathrooms
- Square feet: 2,768
- See 6184 Wood Bison Trl, Colorado Springs, CO 80925 on Redfin.com

5225 Stone Fence Dr, Colorado Springs, CO 80922
- Price: $500,000
- 5 bedrooms, 3.3 bathrooms
- Square feet: 2,817
- See 5225 Stone Fence Dr, Colorado Springs, CO 80922 on Redfin.com

9936 Jaggar Way, Peyton, CO 80831
- Price: $500,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,200
- See 9936 Jaggar Way, Peyton, CO 80831 on Redfin.com

9223 Waters Edge Dr, Fountain, CO 80817
- Price: $500,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,156
- See 9223 Waters Edge Dr, Fountain, CO 80817 on Redfin.com

4529 Crow Creek Dr, Colorado Springs, CO 80922
- Price: $499,999
- 4 bedrooms, 4 bathrooms
- Square feet: 2,748
- See 4529 Crow Creek Dr, Colorado Springs, CO 80922 on Redfin.com

4148 Heathmoor Dr, Colorado Springs, CO 80922
- Price: $500,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,320
- See 4148 Heathmoor Dr, Colorado Springs, CO 80922 on Redfin.com

2910 Downhill Dr, Colorado Springs, CO 80918
- Price: $499,999
- 4 bedrooms, 3 bathrooms
- Square feet: 2,498
- See 2910 Downhill Dr, Colorado Springs, CO 80918 on Redfin.com

8110 Lythrum Dr, Colorado Springs, CO 80920
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,472
- See 8110 Lythrum Dr, Colorado Springs, CO 80920 on Redfin.com

1581 Minnetonka Pl, Colorado Springs, CO 80915
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,092
- See 1581 Minnetonka Pl, Colorado Springs, CO 80915 on Redfin.com

5459 Windy Pass Ct, Colorado Springs, CO 80925
- Price: $499,999
- 4 bedrooms, 3 bathrooms
- Square feet: 2,023
- See 5459 Windy Pass Ct, Colorado Springs, CO 80925 on Redfin.com

355 Longhorn Cattle Dr, Calhan, CO 80808
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,802
- See 355 Longhorn Cattle Dr, Calhan, CO 80808 on Redfin.com

12717 Windingwalk Dr, Peyton, CO 80831
- Price: $500,000
- 4 bedrooms, 2.3 bathrooms
- Square feet: 2,768
- See 12717 Windingwalk Dr, Peyton, CO 80831 on Redfin.com

403 Laclede Ave, Colorado Springs, CO 80905
- Price: $500,000
- 4 bedrooms, 1 bathroom
- Square feet: 2,087
- See 403 Laclede Ave, Colorado Springs, CO 80905 on Redfin.com

6328 Jovial Pl, Colorado Springs, CO 80924
- Price: $500,000
- 3 bedrooms, 4 bathrooms
- Square feet: 2,130
- See 6328 Jovial Pl, Colorado Springs, CO 80924 on Redfin.com

7216 Clove Hitch Hts, Colorado Springs, CO 80918
- Price: $500,000
- 3 bedrooms, 4 bathrooms
- Square feet: 1,983
- See 7216 Clove Hitch Hts, Colorado Springs, CO 80918 on Redfin.com

5305 Plumstead Dr, Colorado Springs, CO 80920
- Price: $500,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,149
- See 5305 Plumstead Dr, Colorado Springs, CO 80920 on Redfin.com

6380 Southmoor Dr, Fountain, CO 80817
- Price: $500,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,562
- See 6380 Southmoor Dr, Fountain, CO 80817 on Redfin.com

6469 Bodacious Cir, Colorado Springs, CO 80923
- Price: $499,999
- 3 bedrooms, 3 bathrooms
- Square feet: 2,255
- See 6469 Bodacious Cir, Colorado Springs, CO 80923 on Redfin.com

1625 N Mountain Estates Rd, Florissant, CO 80816
- Price: $500,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,899
- See 1625 N Mountain Estates Rd, Florissant, CO 80816 on Redfin.com

6325 Laud Pt, Colorado Springs, CO 80924
- Price: $500,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,894
- See 6325 Laud Pt, Colorado Springs, CO 80924 on Redfin.com

13364 Positano Pt, Colorado Springs, CO 80921
- Price: $499,994
- 3 bedrooms, 3 bathrooms
- Square feet: 1,739
- See 13364 Positano Pt, Colorado Springs, CO 80921 on Redfin.com

316 N Walnut St, Woodland Park, CO 80863
- Price: $499,999
- 3 bedrooms, 3 bathrooms
- Square feet: 1,718
- See 316 N Walnut St, Woodland Park, CO 80863 on Redfin.com

6343 Scrabble Vw, Colorado Spsrings, CO
- Price: $500,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 1,697
- See 6343 Scrabble Vw, Colorado Spsrings, CO on Redfin.com

57 Granite Rd, Florissant, CO 80816
- Price: $499,999
- 3 bedrooms, 1.8 bathrooms
- Square feet: 2,229
- See 57 Granite Rd, Florissant, CO 80816 on Redfin.com

877 N Mountain Estates Rd, Florissant, CO 80816
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,940
- See 877 N Mountain Estates Rd, Florissant, CO 80816 on Redfin.com

6218 Lythmore Grv, Colorado Springs, CO 80927
- Price: $499,999
- 2 bedrooms, 2 bathrooms
- Square feet: 1,502
- See 6218 Lythmore Grv, Colorado Springs, CO 80927 on Redfin.com