Homes for Sale Under 400K in Denver, CO

Denver runs about $600,000 at the median as of mid-2026, and the spread across neighborhoods is severe. The Highland sits well above that line. Montbello and Villa Park anchor the lower end, which is where most first-time budgets actually land.

Denver's effective property tax rate lands around 0.44%, which is low by national standards. Colorado assesses residential property at 6.8% of actual value, so your bill shifts with local mill levies and school district.

East Colfax, Hampden, and Virginia Village consistently price below the Denver median. All three sit inside city limits rather than in the suburbs, so you keep Denver services and school assignments. That distinction changes your tax bill.

Hail is a real ownership cost here, since Denver averages seven to nine hail days a year. The 2017 metro storm caused $2.3 billion in insured losses. Check roof age at every showing, since your policy likely carries a separate 1% to 5% wind-hail deductible.

You'll run both heating and air conditioning in Denver, because summers are hot and dry while winters turn cold and snowy. The mile-high elevation drives large day-to-night swings that show up on your bill. Ask the seller for twelve months of past utility statements.

Denver's freeze-thaw cycles are hard on roofs and foundations, and ice dams can push water back into ceilings. Check attic insulation, gutters, and lot grading during your inspection. Hail damage compounds all of it on an older roof.

HOA fees in Denver typically are between $120 and $1,800 a month. They often include the management of services like landscaping, trash disposal, water bill, along with any common areas like pools or gyms.

Make sure whatever your budget plan is you add this line item in there and evaluate the exact amount charged from home to home.

Budget 2% to 5% of the purchase price as a Denver buyer, roughly $12,800 to $32,000 at the current median. That covers lender fees, appraisal, title insurance, and escrow prepaids for taxes and insurance. The 0.59% figure that circulates locally is a seller number, not yours.

Denver pairs genuine outdoor access with a growing tech and aerospace employment base. The cost of entry is the tradeoff, starting at a $600,000 median and climbing with hail-inflated insurance.