Affordable Housing Options for First-Time Homebuyers in 2025

Affordable Housing Options for First-Time Homebuyers in 2025

Do today’s high home prices and mortgage rates have you feeling stuck between a rock and a hard place? You’re not alone. Many first-time homebuyers are facing the challenge of balancing their budget with their dream of homeownership. (Keep reading if you want to stay in Colorado).

If you’re looking for more affordable options, here are a few cities across the U.S. that are leading the way in affordability for 2025:

• Rochester, NY – $129,900
• Lansing, MI – $135,000
• Harrisburg, PA – $140,000
• Lauderdale Lakes, FL – $154,850
• North Little Rock, AR – $160,000
• Baltimore, MD – $210,000
• Wilmington, DE – $222,000
• Altamonte Springs, FL – $229,400
• Tonawanda, NY – $229,900
• Villas, FL – $236,950

These cities offer more budget-friendly options, but that doesn’t mean you have to move to another state. A lot of times, expanding your search just a few miles outside your ideal neighborhood can unlock less expensive options.

And if you’re looking to stay in Colorado, there are still some hidden gems that offer a balance of affordability and lifestyle.

Top Affordable Colorado Cities for First-Time Homebuyers

Whether you’re looking for a bustling city vibe or a quiet retreat surrounded by nature, these Colorado cities provide excellent options for first-time buyers:

1. Pueblo

Median Home Price: $275,000
Located about 45 miles south of Colorado Springs, Pueblo is one of the most affordable cities in Colorado. It offers a blend of rich cultural history and modern amenities, including the Historic Arkansas Riverwalk and the Sangre de Cristo Arts Center.

2. Greeley

Median Home Price: $436,479
Just 35 miles southeast of Fort Collins, Greeley provides a family-friendly community with a lower cost of living compared to neighboring cities. It’s known for its cultural attractions and outdoor activities, making it an appealing choice for first-time buyers.

3. Cañon City

Median Home Price: $333,786
For those who love the outdoors, Cañon City is a perfect choice. With easy access to hiking trails, the Royal Gorge Bridge, and affordable housing options, it offers an adventurous lifestyle at a reasonable cost.

4. Grand Junction

Median Home Price: $402,274
Situated on Colorado's Western Slope, Grand Junction provides stunning views, a thriving arts scene, and a strong job market. It’s ideal for young professionals and families looking for a balanced lifestyle.

5. Fountain

Median Home Price: $396,642
Located just south of Colorado Springs, Fountain boasts a tight-knit community with access to city amenities. Its affordable home prices and excellent schools make it a great choice for young families.

Looking to Find Your First Home in Colorado?

Expanding your search just a little bit outside your preferred neighborhood could reveal more affordable options that still meet your needs. And I'm your best resource for finding those hidden gems in Colorado.

Do you want to see what I can find for you? Send me a message and let me know where you want to live and what your budget is.

Connect With Us!

If you’re considering buying your first home in Colorado, reach out to us at Jones Team Colorado. As a husband and wife team with eXp Realty, we bring years of experience and a commitment to helping first-time homebuyers find the perfect place to call home.

Follow us on Instagram @jonesteamcolorado and LinkedIn for more insights on Colorado real estate, homebuying tips, and community highlights.

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