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The Most Affordable Homes for Sale in Denver Right Now

  • 1 day ago
  • 3 min read

Let’s get one thing out of the way first: Denver is not a cheap city.


The median home price is sitting around $570,000, up about 1.8% year-over-year, and homes are averaging 77 days on market with roughly three offers per listing. Translation? It’s competitive, but it’s not the frenzy it used to be.


And despite what TikTok and Zillow doom-scrolling might tell you, there are still ways to buy in Denver for under $200K — if you know where to look, what questions to ask, and what trade-offs actually matter.


Below are some of the most affordable homes currently for sale in and around Denver, plus my real, no-BS take on what you should know before getting excited.


The Cheapest Home on the Market Right Now

Three-story building with white walls and green roof. Trees and shrubs line the entrance. Text reads "8822 E. Florida Ave."

8822 E Florida Ave #206 — $95,000

1 bed | 1 bath | 600 sq ft


Yep. You read that right.


This is currently the lowest-priced home for sale in Denver proper, and it comes in at under $100K. Monthly payments are estimated around $480/month, which is less than most people’s car payments.


The catch?

  • It’s not FHA warrantable

  • You’ll likely need 10% down

  • Financing options matter a lot here


That said, this could be interesting for:

  • Buyers with non-traditional financing

  • Someone open to owner-carry or lease-purchase options

  • Anyone who understands that cheap doesn’t mean simple


Not for everyone — but absolutely worth knowing exists.


The $150K–$165K Sweet Spot

This is where most of the affordable inventory lives right now, especially in condo communities.


Red brick apartment building with balconies, center stairs labeled "A". Tree shadows cast on lawn under clear blue sky. Urban setting.

5995 W Hampden Ave Units — ~$155,000

1 bed | 1 bath | ~617 sq ft


You’ll see multiple listings here for a reason. This complex offers:

  • Fireplace

  • Updated flooring

  • Pool + playground

  • HOA that covers heat, water, and sewer


You’re close to I-25, light rail, and outdoor access — which is a big deal at this price point.


Brick and siding apartment building with balconies, set on a grassy lawn. A blue car is parked in a lot under a cloudy sky.

10150 E Virginia Ave Units — $155K–$165K

1 bed | 1 bath | 654 sq ft


These Oak Park condos show up a lot because they check many boxes:

  • Gated community

  • Pool, clubhouse, trails nearby

  • Some units are FHA spot-approval eligible (this matters)


If you’re a first-time buyer using low-down-payment financing, this is one of the more realistic entry points into ownership.


Affordable Housing Program Opportunity

Modern apartment building with beige and brown facade, black SUV parked outside. Entrance displays "141-144, 241-244, 341-344". Bright day.

8475 E 36th Ave #241 — $165,395

1 bed | 1 bath | 724 sq ft | Central Park


Buying in Central Park under $200K is rare — and this only works because it’s an income-restricted affordable housing program.


Important notes:

  • You must meet income requirements

  • Pre-qualification is required

  • Resale rules apply


Not a loophole, but a legitimate option if you qualify.


Slightly Higher, Still Very Reasonable

Brick apartment building with balconies, surrounded by green lawns and trees under a cloudy sky. Pathways lead through the grassy area.

3623 S Sheridan Blvd Unit T-11 — $169,000

1 bed | 1 bath | 604 sq ft


This one stands out because:

  • Seller is offering $2,500 toward closing costs

  • HOA covers gas, water, sewer, and exterior maintenance

  • Close to Bear Creek trails and C-470


This is a classic “stop paying rent and start building equity” type of home.


Brick building with a tree and fence, sign reads "Oak Park." Clear sky and calm street, suburban setting.

10150 E Virginia Ave Unit 19-103 — $169,900

1 bed | 1 bath | 654 sq ft


Turnkey, move-in ready, and HOA covers almost everything:

  • Heat

  • Water

  • Trash

  • Snow removal


These are the kinds of listings that don’t look flashy on Instagram but quietly make sense financially.


The Real Talk Section (Read This)

Affordable homes in Denver do exist, but they usually come with at least one of the following:

  • Condo HOAs

  • Financing limitations

  • Income restrictions

  • Smaller square footage

  • Location trade-offs


That doesn’t mean they’re bad deals — it just means you need clarity, not hype.


If you’re:

  • A renter tired of watching prices climb

  • A first-time buyer thinking ownership is “years away”

  • Someone open to starting small and upgrading later


Then these listings are exactly where the conversation should start.


Want Help Navigating This?

If you’re curious:

  • What you’d actually need cash-to-close

  • Which of these can be FHA or conventional

  • Whether buying one of these makes more sense than renting for you


Shoot me a message. I’m always happy to break down the numbers and talk through options — no pressure, no sales pitch.


This stuff is confusing. It doesn’t have to be.


-Giordan

Denver Real Estate | GiorDior

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