Top 10 Affordable Denver Suburbs to Live in: Denver’s Lowest Cost of Living

In this article we take a dive into the 10 most affordable denver suburbs, median home prices and what to extent living in these moderate cost areas, accessibility and fun opportunities.

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Knowing the affordable Denver suburbs will save you time and money when searching for a home. Some suburbs in Denver houses more expensive or pricey homes. But in this article, we will delve into the top 10 cheap Denver suburbs with the lowest cost of living.

But first, I’m Ryan Lang, also known as the Denver agent. I’m a licensed real estate broker in the state of Colorado. Do you have any real estate questions, concerns, or needs? Are you looking to buy or sell real estate property? So, are you looking for one of the cheap suburbs of Denver? Let’s get started on our list.

If you are too busy to read the whole article, check out our YouTube video below for a summary of the Top 10 affordable suburbs of Denver, Colorado.

Top Affordable Suburbs of Denver to Live:

We looked at some parameters before deciding what the most affordable Denver suburbs are in terms of ranking. Let’s take a look at the 7 factors that influenced our ranking:

  • Home median ranking for April 2023 – key factor
  • Accessibility to main routes and road networks
  • How close the town is to Denver
  • How close is the town to the front ranges
  • Fun and other activities to do within the town
  • Access to quality schools for the kids
  • Crime rate

Our List of 10 Cheapest Denver Suburbs to Reside

10.) Westminster, Colorado

Median Home Price: Approximately $585,000

Westminster, Colorado, takes the tenth spot on our list. It may be a surprise because some lovely homes are in Westminster suburb. So, how come it falls within the affordable suburbs of Denver? With its proximity to I-70 and I-25, you can reach downtown Denver in no time. In fact, you could park for a Rockies game within 15 minutes or head north to Boulder in the same amount of time.

Stanley Lake has a plethora of properties surrounding it. That makes it a great spot for weekend recreation for you and your loved ones. But the truth is, Westminster is one of the more affordable places to buy a home near Denver. Westminster is not the cheapest Denver suburb on our list, but it has all you need.

9.) Brighton, Colorado

Median Home Price: Around $560,000

Brighton, Colorado, ranks ninth on our list. At a median home price of approximately $560,000, you can see why it is one of the cheap Denver suburbs. Brighton suburb is perfect for you if you are a regular air traveler.

Also, you will find plenty of recreational activities at Barr Lake State Park. Are you into pumpkin spice lattes, flannels, and weekend farmers’ markets? Then, Brighton Town is a great fit for you!

8.) Lakewood, Colorado:

Median Home Price: Varies at $550-$580

I used to live in Lakewood, and I loved every second of my stay. It is the ideal suburb for skiing enthusiasts and located in downtown Denver’s west. But you need about $573,000 to get a home in Lakewood, Colorado. And that makes it one of the affordable Denver suburbs.

Lakewood gives you easy access to the Colorado Mills Mall and Belmar Shopping Center. It takes 10 to 15 minutes to get to either location from Lakewood. Do you need a good beer? Then, drive down 6th Avenue, and you can be in Golden within 10 minutes.

7.) Derby, Colorado:

Median Home Price: $427,000

With a median home price of $427,000, Derby, Colorado, comes in at seventh on our list. You will discover it is one of the cheapest Denver suburbs on our list. Derby lies above Commerce City, a popular industrial and commercial area.

Although Derby might not be the best place to take a stroll, it offers an opportunity to enjoy some level of comfort. Derby is also an affordable option near Denver.

6.) Ken Caryl:

Median Home Price: Varies at $542,000

Ken Caryl takes the sixth spot on our list with a median home price of $542,000. If you are a barbecue enthusiast, it is one of the excellent choices for you. That’s because Ken Caryl lies next to Chatfield State Park.

If you need to catch up on the beach, Ken Caryl offers a taste of the shore. It’s close to downtown Littleton for a Friday night out. Keep in mind that it’s the furthest town from I-70 and I-25. So, you can do longer travel times when heading north or to the airport.

5.) Sheridan, Colorado – A Cozy Town with Easy City Access:

Median Home Price: Varies at $558,000

At number five, let’s explore Sheridan, Colorado, with a median home price of $558,000.

It’s a small, cozy town that has something special to offer. Even though it’s a small town with only about 6,000 people, it’s amazing. Why? Well, let me tell you.

One of the coolest things about Sheridan is that it’s right next to a big highway called I-25. It means that it’s super easy to get to downtown Denver. You can be in the heart of the city in no time!

And when you’re in the mood for some city adventures, all you need to do is hop on I-25, and voila, you’re in Denver! There are so many exciting things to do in Denver. You could visit museums, try delicious food, and visit fun places.

Even though Sheridan is close to the big city, it has a calm and peaceful vibe that’s hard to find in big cities. You get to enjoy the best of both worlds – the charm of a small town and the excitement of the city. Plus, it’s one of the affordable suburbs of Denver so you won’t break the bank living here.

It offers a friendly community and easy access to the city. Owning a home won’t break the bank at Sheridan, Colorado. It is like a hidden treasure waiting for discovery. Sometimes, the most wonderful places hide in the coziest corners of the map.

4.) Thornton, Colorado – Where Fun and Convenience Come Together:

Median Home Price: Varies

I love Thornton, Colorado, for a few reasons. One of them is Topgolf. Also, Thornton is easy to access and along I-25. So, it’s a breeze to get to the city. And here’s the bonus: the Denver outlets are right in town. Now, let’s talk about Thornton, Colorado. It’s number four on our list and a cool place. Here’s why:

Thornton is different from the other places we’ve talked about. It’s a diverse suburb, which means it’s a mix of many different things. And that’s awesome.

But that’s not all! Thornton is super easy to get around. It’s right next to a big road called I-25. It makes it really simple to go to downtown Denver. Whether going to school or visiting exciting places, getting there is easy.

Here’s an extra treat for people who love shopping. The Denver Premium Outlets are right in Thornton. Imagine having awesome stores with great deals right in your town. You can shop for clothes, gadgets, and cool stuff without going far.

What makes Thornton even more fantastic is the feeling of togetherness. People here love being part of a community. There are so many things to do. You could play golf, go shopping, eat out at restaurants, and explore parks. You’ll never feel bored in Thornton.

You can swing a golf club at Topgolf or find great deals at the outlets. Or you could enjoy the friendly atmosphere. Thornton, Colorado, has something for everyone.

There are many different homes to choose from, so you can find the one that’s right for you. And guess what? Thornton is one of the cheap suburbs of Denver, so you can live here without spending too much money.

So, are you into sports, shopping, or love being part of a lively community? Thornton, Colorado, promises an exciting and diverse suburban experience. It’s a place where fun and convenience come together. It’s one of the cheap Denver suburbs where you can have a great life without breaking the bank.

3.) Northglenn, Colorado:

Median Home Price: Varies at $525,000

Northglenn, Colorado, secures the third spot on our list, with a median home price of $525,000. The town offers many parks and open spaces for kids and outdoor enthusiasts. If you have a family, then you will enjoy the outdoor experience.

You can enjoy biking or running around a lake. You could also take a casual stroll while taking in the entire landscape. The best part is that Northglenn is only 25 minutes from downtown Denver. That makes moving to and from Denver easier if you work on that axis.

Lakewood’s advantage lies in its accessibility to the city and the mountains. 6th Avenue provides an escape route to the mountains. That helps you avoid the notorious I-70 traffic that could lead to a standstill.

2.) Aurora, Colorado:

Median Home Price: Varies at $495,000

Aurora, Colorado, takes second place for affordable suburbs of Denver with a median home price of $495,000. Aurora offers you all the fun and refreshing time your heart can carry. The Northfield Shopping Center nearby has all you need for a splendid Friday night out.

You can grab a beer at the Doghouse, savor a bubble tea at Bon Chan, or catch a movie. Also, Sporting Goods Park is just a short distance from Aurora. So, you can play Rapids games and visit sports clubs with family and friends over the weekend.

1) Federal Heights, Colorado:

Median Home Price: Varies at $420,000

Finally, Federal Heights is the top spot for the lowest cost of living in the Denver area. Located above Westminster, Federal Heights has a median home price of $420,000. That’s a whopping 84% lower than the state’s median rate. Undoubtedly, it is one of the cheapest Denver suburbs to buy a home.

Federal Heights offers easy access to I-25 and I-70. So, you can do round trips to and from work with ease. It’s also home to one of the US’s largest water parks, Water World. So, if you’re a fan of water parks, Federal Heights is the place for you.

What’s Your Top Pick for the Best Affordable Denver Suburb?

There you have it, folks! The top 10 Denver suburbs with the lowest cost of living. When looking for the cheap suburbs of Denver, each town offers unique advantages and affordability. You not only get the cheapest Denver suburbs, but it comes with charm and great opportunities. So homeowners can enjoy the serenity, accessibility to town, sports, fun, and more.

Being one of the cheap Denver suburbs does not make the properties of less value. You get high-quality residents in exquisite areas to live with your family.

Are you interested in further exploring any of the affordable suburbs of Denver? Do you have questions about buying or selling a home in any of the above towns in Denver? Don’t hesitate to contact your real estate agent, Ryan Lang. I’m here to assist you.

Also, feel free to leave a comment below about why you love one of these cities. Or let us know what you think about your preferred affordable Denver suburbs. Spread the word that these cities are fantastic choices, even on a budget.

How Long Does It Take to Sell a Home in Colorado?

The time it takes to sell a home in Colorado varies depending on market conditions and other factors like the price and condition of your home. It may only take a few weeks in a strong market, but it could take several months in a slow market.

What are the Benefits of Being a First-Time Home Seller in Colorado?

As a first-time home seller in Colorado, you may enjoy some advantages, including:
Less emotional attachment: As a first-time seller, you might have little feelings about the property, making it easier to negotiate and decide based on market conditions.
Greater negotiating power: If your property is in high demand, you may be better positioned to negotiate a higher price.
No previous sales history: Potential buyers might see you as more flexible and open to negotiation if you have not sold a property before.
No past real estate mistakes: As a first-time seller, you likely haven’t made any errors in previous real estate transactions, giving you a clean slate and more peace of mind.
Opportunity to learn: Selling your first home can be a learning experience, allowing you to gain knowledge and insights into the Colorado real estate market and the home-selling process.

What Should I Consider Before Selling My Colorado Home?

Before selling your Colorado home, consider the following questions:
What is your motivation for selling? – Understanding your reasons can help you make informed decisions and set realistic expectations.
What is your desired selling price? – To establish a target price, consider current market conditions and recent sales of similar homes in your area.
Are you willing to make repairs or renovations? – Consider the improvements you may need to make to attract potential buyers and increase your home’s value.
How will you market your home? – Determine the most effective methods for advertising and promoting your property, such as hiring a Colorado real estate agent, listing your home online, or hosting open houses.
What terms of sale are you willing to accept? – Consider factors like the closing date, contingencies, and the buyer’s down payment amount.
How do you plan to handle negotiations and closing? – Decide whether a real estate agent or a lawyer will handle the negotiations and closing, and be aware of the fees and expenses involved.
Are you familiar with Colorado’s real estate laws and regulations? – Familiarize yourself with local real estate laws and regulations, such as tax rules, zoning laws, and other legal requirements.
By considering these questions and being well-informed, you can make selling your Colorado home smoother and more successful.

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