This week’s specialized search features the cheapest single-family homes currently on the market in the Denver metro area. This search includes the cheapest single-family homes in cities like Denver, Boulder, Brighton, Castle Rock, Centennial, Greenwood Village, Lakewood, Evergreen, Golden, Englewood, Aurora, Elbert, Elizabeth, Broomfield, Louisville, Lafayette, Thornton, Arvada, Westminster, Parker, Lone Tree, Littleton, and other major Denver metro cities.
Here are the search results, sorted by lowest price first, of the cheapest homes currently on the Denver metro market. To make the search more convenient, we have broken up the search for the cheapest single-family homes by the following counties with links to each county’s search below.
Cheapest Single-Family Homes by County
A single-family home is a free-standing residential building. Even though a dwelling unit shares one or more walls with another dwelling unit, it is a single-family residence if it has direct access to a street or thoroughfare and does not share heating facilities, hot water equipment, nor any other essential facility or service with any other dwelling unit.
In some jurisdictions, allowances are made for basement suites or mother-in-law suites without changing the description from "single-family". It does exclude, however, any short-term accommodation like a hotel or motel, large-scale rental accommodation like apartments, or condos.
Most single-family homes are built on lots larger than the actual structure. This adds an area surrounding the house commonly called a yard. Garages can also be found on most lots with single-family homes.
Pros and Cons of Single-Family Homes
No matter what the cost, there are some things that are worth considering when purchasing a single-family home.
• Single-family homes tend to out-perform multi-family properties because they usually appreciate in value more quickly.
• When purchasing a single-family home, the land it sits on and anything permanently affixed to that land, such as buildings and trees, comes with it. When owning a multi-family unit, the homeowners gets the exclusive right only to the interior space of the unit. The common areas are shared by anyone in the community.
• Single-family homes tend to have a better resale value. They generally cost more to maintain than multi-family units, but they can save money when there are no HOA fees.
• Single-family homes are more likely to have more space, both inside the home and outside the home. More space creates more opportunities for entertaining, working in a home office, using the garage space for hobbies, or just having ample amounts of storage.
• The cost to insure a single-family home is cheaper.
• The maintenance required for owning a single-family home can be intensive, at times requiring the homeowner both time and money. Multi-family units may provide a bit more protection on maintenance issues.
• Some of the exciting amenities that condos are not commonly included with the purchase of a single-family home. These amenities can range from community pools and tennis courts to security and on-site retail. There can still be perks or extra features included in a single-family home like a home theater room or a private outdoor area.
• Single-family homes without HOAs provide more freedom to the homeowner. They have the ability to paint their house any color, landscape however they would like, or park their RV in their driveway. However, this same freedom likely applies to the neighbors too.
• If renting out a home, single-family homes tend to draw more long-term tenants. Rental homes near desirable perks like good schools, parks, shopping, or dining are more attractive, result in renters signing a multi-year lease to settle down long-term.