Colorado developer builds single-family homes for under $250,000

Earlier this month, Oakwood unveiled its 24-home development off Pena Boulevard and 54th Avenue in Green Valley Ranch. The homes are priced around $230,000. While smaller than the average Denver home — roughly 1,200 to 1,400 square feet — buyers can choose a one- or two-car garage, the number of bathrooms, and from two to four bedrooms.

“The average price of a new home is well into the $500,000s now and that’s not where most people can afford to purchase a home,” said Oakwood Homes Chief Operating Officer Scott Thorson. Thorson discussed Oakwood’s plans to build affordable homes at the Colorado Association of REALTORS® Economic Summit in February of this year.

Click here to read more about Oakwood’s “Your American Dream” series of developments.