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The cheapest "new" house is around the south area is $240,000.
You can get more house for the money in Colorado Springs than in/around Denver - but an hour commute is two hours too long.
I'd recommend Parker, Aurora (in Arapahoe County) and Castle Rock. You won't get everything you want, but it will be 3 or 4 bedrooms with a basement, good schools, reasonable commute...all areas have reasonable access to shopping.
I saw a house in Parker with views on Saturday $230,000 with a unfinished walkout basement. It did need work. Paint, carpet, updating.
Last edited by 2bindenver; 01-08-2008 at 10:08 AM..
Reason: added property info as an example
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