Starter Homes in Three Colorado Cities Surpass $1 Million

The average starter home in the United States is approximately $192,000. Needless to say, Colorado isn't the cheapest state in the nation to purchase a home. Sure, there are plenty of states where you can find a perfectly good home. But, we have some pretty epic mountain views on the Front Range, so we have that going for us.

What Exactly is a Starter Home?

A starter home is usually one that is purchased by first-time homebuyers and is defined as being among the lowest third in home values in a region. In 2020, there were only 85 cities in the United States that had starter homes that were at or exceeded $1 million.

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In 2025, that is a whole different story. Today, 233 cities in the United States have starter homes priced at $1 million or more. Colorado has a few of those cities.

Cities in Colorado That Have $1 Million Starter Homes

According to Zillow, three cities in Colorado now have a price tag of $1 million or more for a starter home. It should be no surprise that all of these towns are located in the Denver Metro Area and are highly desirable areas.

READ MORE: SALARY NEEDED TO BUY A HOME IN COLORADO IN 2025

The three locations where starter homes are at least $1 million include Cherry Hills Village, Bow Mar, and Columbine Valley. Colorado ranked eleventh on the list of the 25 states that have starter homes with seven-figure price tags.

California has by far the most million-dollar starter homes in the nation. Making up nearly half of the entire list of million-dollar starter home cities in the nation, California has 113. New York was a distant second with 32, and New Jersey was third with 20.

READ MORE: THESE ARE COLORADO'S FASTEST-GROWING TOWNS

See the full list of cities that have million-dollar starter homes on Zillow.com.