Top 9 Colorado Cities Recommended by Real Estate Experts

Colorado offers endless outdoor adventures, a laid-back lifestyle, and excellent economic prospects.

With its world-class ski resorts, variety of national parks and forests, and stunning Rocky Mountain vistas, Colorado is a popular vacation and second home destination, but the Centennial State is also the perfect home base. Those who choose to reside here can enjoy year-round outdoor activities, excellent job prospects, and a vibrant cultural and dining scene. Furthermore, its main hub, Denver, is notorious for being one of the most laid-back state capitals in the nation.

Moreover, while the state’s cost of living is higher than the national average, certain perks make up for it. Colorado has one of the lowest residential property taxes, with an average rate of 0.49%. Simultaneously, the per capita personal income reached a little over $70,706 in 2021, compared to the national average of $64,100.

From bustling urban areas to small mountain towns, here are nine of the best places to live in Colorado.

Colorado Springs

Colorado Springs may be the Centennial State’s second biggest city, but it doesn’t feel hectic. Nestled at the eastern foot of the Rockies, it offers the mighty Pikes Peak in the background. Both its residents and visitors enjoy numerous activities year-round, along with an excellent hospitality and dining scene. Those who decide to make Colorado Springs their permanent home have access to highly rated schools, excellent sports facilities such as the Olympic & Paralympic Training Center, and good employment opportunities. In September 2022, the unemployment rate was 3.5%, slightly below the national average. Furthermore, prospective homebuyers will find the Colorado Springs market more affordable than in Denver. According to data by Realtor.com, the median listing price for a single-family home was $490,000.

“The Colorado Springs housing market has been buzzy over the last couple of years as out-of-state buyers have flocked to the scenic yet affordable town. The area offers a quick commute to local military bases and defense contractors. It’s also well-known for its affordable homes, built in the 1970s and ’80s,” Hannah Jones, Realtor.com economic research analyst, stated.

Boulder

What Boulder lacks in affordable housing, it compensates with ample employment opportunities (the unemployment rate here is only 2.5%), a lively social scene (the city is home to the University of Colorado), and an endless list of outdoor activities.

“Property values also tend to remain steadfast in up and down markets, like the city of Boulder, which is strategic and restrictive in terms of building planning, with a keen focus on preserving their parks and open space,” Martin Mata, Redfin’s Boulder principal agent, noted.

Denver

Denver may be Colorado’s biggest city, but its residents still enjoy one of the most affordable real estate markets in the Centennial State (the median listing price in September was $645,000). Additionally, the city boasts excellent job prospects, an exciting cultural scene, great health care, and proximity to numerous winter resorts, making it an attractive place to live.

“The blend of outdoor activities, incredible restaurants, breweries, music and event venues, job opportunities, and beautiful weather are truly hard to find in other areas of the country,” Ryan Retaleato, Redfin’s Denver principal agent, explained.

Durango

If you prefer a more tranquil, laid-back lifestyle, consider scenic Durango. Located in southwest Colorado, this town of approximately 20,000 residents is a true gem, ideal for water sports, outdoor enthusiasts, and nature lovers. With miles of hiking and mountain biking trails, several golf courses, a buzzing craft brewery scene, and proximity to numerous national parks and monuments, Durango caters to those seeking small-town living and epic mountain experiences.

Fort Collins

With a median listing price of $596,500 in September, Fort Collins ranks among the top 10 most affordable communities in Colorado. Its bustling economy, low unemployment, high quality of life, thriving craft brewery scene, numerous athletic events (the city is home to Colorado State University), and extensive hiking trails and green spaces make the town one of the most desirable places to reside in Colorado.

“Living in Fort Collins is pretty idyllic. It’s the perfect blend of a small town and bigger city. You get a little bit of everything: small, homegrown companies that have become national companies like New Belgium and Waterpik, and oil production companies. This creates a diverse community that includes a broad range of demographics, from blue-collar to white-collar, old to young,” Ben Emslie, a broker, mentioned.

Grand Junction

Sitting amid Colorado’s picturesque Western Slope, Grand Junction certainly doesn’t lack character and Instagram-worthy vistas. Oenophiles know the town well as it’s considered the center of Colorado’s wine country, offering access to about 30 wineries. Additionally, art galleries, independent boutiques, and restaurants line its main street, much to the delight of residents and visitors alike.

However, what truly sets it apart in Colorado’s pricey real estate market is its affordability for potential homeowners. According to data from both Redfin and Realtor.com for September 2022, the town offers some of the most affordable single-family homes in the state.

Aurora

Just 10 miles from downtown Denver, Aurora offers big city amenities at a great price — homes here list on average for $525,000, which is $100,000 lower than in the city. This, combined with a stable employment market, excellent medical care, mild weather, and a wealth of outdoor opportunities (the city is known as the Gateway to the Rockies), makes it an excellent place for families seeking fewer crowds and kid-friendly activities.

Pueblo

Pueblo stands out as one of Colorado’s most diverse cities, boasting a thriving cultural scene with plenty of music and arts events and festivals. The weather is another draw — it enjoys plenty of sunshine year-round and is one of Colorado’s least snowy destinations. Nevertheless, winter sports enthusiasts need not feel discouraged; the city is a three-hour drive from Breckenridge and 2.5 hours from Monarch.

On weekends, Lake Pueblo State Park is bustling with kayakers, boaters, and fishermen, and families often visit Pueblo Zoo. The area also ranks as an affordable option for potential homebuyers, with the typical home price in September reported at $460,000, which is below the state’s median.

Highlands Ranch

With 26 parks, over 70 miles of hiking and biking trails, and 2,500 acres of undeveloped land waiting to be explored, Highlands Ranch, the largest master-planned community in Colorado, provides no shortage of outdoor recreational activities. The community features two skate parks, golf courses, pickleball courts, a swimmable beach in nearby Chatfield State Park, and multiple fishing ponds to enjoy.

Families with young children should also note that Highlands Ranch is home to some of the best schools in the state. High-paying job opportunities in both Denver and Colorado Springs, which are within commuting distance, contribute to the area’s appeal.

“This area is priced higher than Denver proper, with a median listing price of $697,000 in September. Despite the high price tag, home shoppers may be able to find a deal in Highlands Ranch as more than half of all listings here had their prices reduced in September,” noted Hannah Jones.

Note: Our methodology utilizes real estate data from Redfin and Realtor.com on median listing values for September 2022; economic data from the Bureau of Labor Statistics; crime data sourced from NeighborhoodScout; and school ratings obtained from GreatSchools.org. We also took into consideration the number of entertainment and recreational activities available in each area.