New Homes in Chicago, IL Under $200k :: 7 Communities

Chicago Homes Under $200k

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            7 Communities

            Quick Move-In Hot Deals

            Trails of Woods Creek by Pulte Homes in Chicago Illinois
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            Trails of Woods Creek

            Community by Pulte Homes

            W Algonquin Road and Frank Road
            Algonquin, IL 60102

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            The Highlands by Pulte Homes in Chicago Illinois
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            The Highlands

            Community by Pulte Homes

            SE Corner of Holtz Avenue and Lombard Road
            Addison, IL 60101

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            Stonegate Townhomes by Lennar in Chicago Illinois
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            Stonegate Townhomes

            Community by Lennar

            24718 McCormick Way
            Manhattan, IL 60442

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            from $179,490 - $236,130

            5 homes match your search

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            Celebration by Bigelow Homes in Chicago Illinois
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            Celebration

            Community by Bigelow Homes

            1050 Celebration Dr.
            Aurora, IL 60504

            Bigelow Homes

            from $196,250 - $284,079

            1 home matches your search

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            Maple Street Rowhomes by Ryan Homes in Chicago Illinois
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            Maple Street Rowhomes

            Community by Ryan Homes

            210 E. Lincoln St
            Mt Prospect, IL 60056

            Ryan Homes

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            Lakewood Springs Club by M/I Homes in Chicago Illinois
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            Lakewood Springs Club

            Community by M/I Homes

            910 Freeman Street
            Plano, IL 60545

            M/I Homes

            from $199,990 - $258,990

            1 home matches your search

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            Eastfield by Pulte Homes in Chicago Illinois
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            Eastfield

            Community by Pulte Homes

            NW Corner of Army Trail Road and Petersdorf Road
            Bartlett, IL 60103

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            New Home Cities in Chicago

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            CityCommunitiesAverage New Home Price
            Naperville8$645,756
            Plainfield7$360,831
            Yorkville6$272,612
            Elgin5$361,700
            Joliet5$287,442
            Lemont4$536,424
            Aurora4$294,550
            Montgomery4$287,823
            Oswego3$299,166
            Manhattan3$238,751
            Hawthorn Woods3$474,929
            Batavia3$280,790

            New Homes in Chicago by Region

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            RegionCommunitiesAverage New Home Price
            Downtown Chicago 70$1,149,000
            North Chicago 10$425,000
            Northwest Chicago 3$477,000
            South Chicago 27$353,000
            Southwest Chicago 113$457,000

            Chicago features many of the best home builder communities in Illinois, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Chicago has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Chicago area. In fact, there are 7 communities and 5 builders in Chicago with homes starting at under $200K.

            How to Find Homes in Chicago For Less Than $200K?

            Many builders recognize there is growing demand in the Chicago area for homes under the $200k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.