Colorado Springs Area Homes Under $400,000

Open and refine these filtered listings

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Browse homes, condos and townhomes with asking prices below $400,000 in Colorado Springs and the surrounding El Paso County area. Use this search to build a shortlist, then compare the complete monthly cost and the cash needed for your purchase.

Compare property types at the same budget

The listing feed determines what is available now. A price cap does not guarantee inventory in a particular neighborhood, a certain home size or a specific condition. Compare the trade-offs of each actual property rather than assuming every home below the limit offers the same value.

Build a total monthly budget

Ask your lender for a property-specific estimate. List principal and interest, property taxes, homeowners insurance, any mortgage insurance, association dues and other recurring charges. Keep utilities, maintenance and repairs in your household budget too. A lower asking price does not always produce the lower total monthly cost.

Read the actual association documents before relying on a fee displayed in a listing. Confirm the billing frequency and any separate assessments. Obtain an insurance quote early enough to understand deductibles, coverage and any conditions affecting the property.

Plan your cash to close

Your down payment is only one part of the purchase budget. Track earnest money already paid, transaction costs, approved credits and any expenses paid separately. Use our Colorado cash-to-close worksheet to organize the figures without counting a deposit or credit twice.

Keep moving costs and a repair reserve separate from funds required at closing. When a figure is unknown, label it as an estimate and identify who will confirm it. Do not treat an unresolved charge as zero.

Choose a location through property-level research

Compare routes to your work, shopping, parks and other regular destinations. Visit at the times that matter to you. Verify school assignment with the district for the exact address and review current public information yourself. Explore our city and neighborhood directory for related searches.

Ask for comparable closed sales before choosing an offer price. Consider condition and the scope of anticipated work alongside the asking price. Inspection results, loan eligibility and association documents may change which home fits your budget.

Questions about the $400,000 limit

Does the feed include homes at exactly $400,000?

No. Its maximum is $399,999 so the results match the phrase under $400,000. You can raise the price in the search form if your budget includes the $400,000 boundary.

Why are nearby cities included?

The page covers El Paso County to help compare local options. Add Colorado Springs in the city field if you want that MLS city label only.

Are condos and townhomes included?

Yes. Select a single property type in the form if you want to narrow the search.

Buyer rebate eligibility

Eligible first responders, nurses and doctors, active-duty military, and teachers may receive 50% of the buyer-agent commission Flat Rate Realty Group actually receives, reduced as needed so the brokerage retains at least $6,500. The $6,500 is the brokerage minimum, not a guaranteed buyer rebate. Preapproval and a signed buyer agency agreement are required. Confirm eligibility, the final amount, permitted use, lender approval and closing requirements in writing before budgeting for a rebate. Compensation is negotiable and is not guaranteed.

Review the buyer rebate program.

Plan your next step

Tell us your budget, property type, timing and the details that matter most. We can help you compare listings and organize questions for the appropriate professionals.

Contact the Flat Rate Realty Team

Reviewed October 26, 2026. Listing availability changes. Verify property-specific details before relying on them.