What Does $400,000 Buy in Colorado Springs? 2026 Guide
By Jeff and Lane Morrell · October 2026
The Morrell Group | eXp Realty
About $400,000 is a real, workable budget in Colorado Springs in late 2026, though it sits just below the citywide median. It buys a solid single-family home in several established neighborhoods, with clear trade-offs in location, size, age, and condition.
What $400,000 buys across Colorado Springs neighborhoods
| Area | Typical buy at $400K | Price & source | Notable details |
|---|---|---|---|
| Security-Widefield | 3-bed/2-bath starter around 1,500-1,700 sq ft | Median ~$355,000 (12-month median sale, Homes.com) to ~$382,000 (Zillow home value) | About 10-15 minutes to Fort Carson; a separate municipality in the metro |
| Fountain | 3-4-bed single family | Median ~$398,900 (Zillow) | Military-friendly and growing; near Fort Carson |
| Pikes Peak Park (southeast Colorado Springs) | 3-4-bed single family, 1,800+ sq ft | Median listing ~$348,000 (Evernest/MLS data) | Close to Peterson Space Force Base |
| Springs Ranch (east side) | 3-4-bed single family | Median listing ~$400,000 (Evernest/MLS data) | Established east-side community off the Powers corridor |
| Central/east Colorado Springs (80909 area) | Older 4-5-bed home, 2,100+ sq ft, often on a larger lot | October 2026 listing: 834 Tia Juana St, 5 bed/2.5 bath, 2,184 sq ft at $400,000 (REColorado/MLS via Redfin) | Closest to downtown; the oldest housing stock |
| Northeast Colorado Springs (80918, Academy Blvd / UCCS area) | 3-bed/2-bath, about 1,870 sq ft | October 2026 listing: 3633 Indianpipe Cir, 3 bed/2 bath, 1,872 sq ft at $400,000 (REColorado/MLS via Redfin) | Established, mid-century-plus homes |
| Briargate (north, Academy D20) | Contrast: generally no single-family at $400,000; townhome or condo possible | Briargate median ~$621,000 (Great Colorado Homes/MLS) | Best-in-class D20 schools |
| Monument (north) | Contrast: single family out of reach at $400,000 | Monument median ~$725,000 (Zillow) | Commuter-friendly to Denver |
Sources: Zillow home values (October 2026); Homes.com market data (October 2026); REColorado/MLS listings via Redfin (October 2026); Denver Post, "How far does $400K go in Colorado?" (April 3, 2026); Great Colorado Homes Briargate statistics (October 2026); Evernest neighborhood report (2026). All figures are public-market estimates as of late October 2026, and current listings can be pulled from the local MLS (Elevate MLS, Pikes Peak Association of Realtors).
What the numbers say
The citywide median sale price in Colorado Springs was about $458,000 as of October 2026, down about 1% year over year (Homes.com market data, October 2026). So $400,000 puts you just below the middle of the market, which is exactly why the neighborhood matters: the same budget crosses very different housing stock depending on where you point the car.
Typical days on market are running roughly 80 or more across the city right now, per Homes.com, which gives buyers real time to compare. Homes.com also reports a townhouse median around $360,000, and that is the quiet story of this budget: $400,000 can still reach a townhome in higher-priced north-side areas like Briargate, where single-family homes usually run well above this range.
For context, the Denver Post (April 3, 2026) asked how far $400,000 goes in Colorado and found it buys about 1,854 square feet in Colorado Springs, more than double the space the same money buys in Denver. That comparison is a good reminder to keep your focus on the El Paso County market: on a Front Range scale, $400,000 goes a long way here, even with the trade-offs below.
The trade-offs that decide this budget
At $400,000 the budget usually buys one of two things: more home in an established east-side or south-side neighborhood, or a smaller footprint in a district with higher-priced schools and addresses. Both are valid, and the right answer depends on which trade-off matters most to you: schools, commute, space, or condition.
Condition varies widely in this range. Some homes are updated and move-in ready; others are solid but dated, and a few are priced at $400,000 because they need work. That is why every home in this budget should be toured in person, and why listing photos never tell the whole story.
The good news is that $400,000 sits in an active, real part of the Colorado Springs market. Listings at this level come and go, so it pays to rank your trade-offs before you start touring, then move when the right home shows up.
In 24 years we have watched buyers at this exact budget tour in the wrong order: falling in love with a neighborhood first, then discovering the trade-offs afterward. Rank which trade-off matters most, schools, commute, space, or condition, before you open a single listing, and visit every home in this range in person, because condition is where the surprises live. Text us at 719-499-9394 and we will send you the current listings at this budget with honest notes on each neighborhood. There are no emergencies in real estate, and we have got you.
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