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Elgin, IL New Homes Under $500K

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          96 Communities

          Quick Move-In Hot Deals

          Elgin, IL Communities

          Bowes Creek Country Club - The Fairways Collection by Toll Brothers in Chicago Illinois
          homes in Bowes Creek Country Club - The Fairways Collection by Toll Brothers
          homes in Bowes Creek Country Club - The Fairways Collection by Toll Brothers
          Green Special Offers

          Bowes Creek Country Club - The Fairways Collection

          Community by Toll Brothers

          3513 Tournament Dr
          Elgin, IL 60124

          Toll Brothers

          888-384-5843

          from $399,995 - $532,995

          6 homes match your search

          Ponds of Stony Creek by Lennar in Chicago Illinois
          homes in Ponds of Stony Creek by Lennar
          homes in Ponds of Stony Creek by Lennar

          Ponds of Stony Creek

          Community by Lennar

          1794 Coralito Lane
          Elgin, IL 60124

          Lennar 190 Reviews

          224-293-0573

          from $468,990 - $595,060

          6 homes match your search

          Highland Woods Ranch Homes by Ryan Homes in Chicago Illinois
          homes in Highland Woods Ranch Homes by Ryan Homes
          homes in Highland Woods Ranch Homes by Ryan Homes
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          Highland Woods Ranch Homes

          Community by Ryan Homes

          802 Bradbury Lane
          Elgin, IL 60124

          Ryan Homes

          888-294-8896

          from $337,490 - $426,990

          6 homes match your search

          Chasewood at Highland Woods by Pulte Homes in Chicago Illinois
          homes in Chasewood at Highland Woods by Pulte Homes
          homes in Chasewood at Highland Woods by Pulte Homes

          Chasewood at Highland Woods

          Community by Pulte Homes

          777 Lansmere Avenue
          Elgin, IL 60124

          Pulte Homes 247 Reviews

          888-348-2599

          from $419,990 - $528,412

          4 homes match your search

          Tall Oaks - Hartford Series by Lennar in Chicago Illinois
          homes in Tall Oaks - Hartford Series by Lennar
          homes in Tall Oaks - Hartford Series by Lennar

          Tall Oaks - Hartford Series

          Community by Lennar

          84 Hedgerow Dr
          Elgin, IL 60124

          Lennar 190 Reviews

          224-585-7259

          from $462,990 - $586,435

          2 homes match your search

          Becketts Landing by M/I Homes in Chicago Illinois
          homes in Becketts Landing by M/I Homes
          homes in Becketts Landing by M/I Homes

          Becketts Landing

          Community by M/I Homes

          302 Longview Dr
          Elgin, IL 60124

          M/I Homes

          630-621-4837

          from $368,490 - $435,490

          9 homes match your search

          Tall Oaks - Horizon Series by Lennar in Chicago Illinois
          homes in Tall Oaks - Horizon Series by Lennar
          homes in Tall Oaks - Horizon Series by Lennar

          Tall Oaks - Horizon Series

          Community by Lennar

          84 Hedgerow Dr
          Elgin, IL 60124

          Lennar 190 Reviews

          from $449,900 - $579,955

          7 homes match your search

          Nearby Communities

          Hawthorn Woods Country Club by M/I Homes in Chicago Illinois
          homes in Hawthorn Woods Country Club by M/I Homes
          homes in Hawthorn Woods Country Club by M/I Homes

          Coming Soon

          Hawthorn Woods Country Club

          Community by M/I Homes

          63 Open Parkway North
          Hawthorn Woods, IL 60047

          M/I Homes

          630-701-9719

          Liberty Junction by Pulte Homes in Chicago Illinois
          homes in Liberty Junction by Pulte Homes
          homes in Liberty Junction by Pulte Homes

          Coming Soon

          Special Offers

          Liberty Junction

          Community by Pulte Homes

          Adler Drive, Just West of Milwaukee Avenue
          Libertyville, IL 60048

          Pulte Homes 247 Reviews

          888-341-1076

          Brookside Meadows by M/I Homes in Chicago Illinois
          homes in Brookside Meadows by M/I Homes
          homes in Brookside Meadows by M/I Homes

          Coming Soon

          Brookside Meadows

          Community by M/I Homes

          905 Mildred Drive
          Marengo, IL 60152

          M/I Homes

          630-526-8165

          Kenyon Farms by Lennar in Chicago Illinois
          homes in Kenyon Farms by Lennar
          homes in Kenyon Farms by Lennar

          Kenyon Farms

          Community by Lennar

          124 Barry Road
          South Elgin, IL 60177

          Lennar 190 Reviews

          from $499,990 - $578,495

          1 home matches your search

          3 miles away

          South Pointe by Lennar in Chicago Illinois
          homes in South Pointe by Lennar
          homes in South Pointe by Lennar

          South Pointe

          Community by Lennar

          124 Barry Road
          South Elgin, IL 60177

          Lennar 190 Reviews

          224-293-0619

          from $435,595 - $599,825

          11 homes match your search

          3.1 miles away

          Park Pointe - Traditional Townhomes by Lennar in Chicago Illinois
          homes in Park Pointe - Traditional Townhomes by Lennar
          homes in Park Pointe - Traditional Townhomes by Lennar

          Park Pointe - Traditional Townhomes

          Community by Lennar

          1011 Moraine Drive
          South Elgin, IL 60177

          Lennar 190 Reviews

          224-306-1927

          from $325,765 - $395,805

          6 homes match your search

          3.1 miles away

          Park Pointe - Urban Townhomes by Lennar in Chicago Illinois
          homes in Park Pointe - Urban Townhomes by Lennar
          homes in Park Pointe - Urban Townhomes by Lennar

          Park Pointe - Urban Townhomes

          Community by Lennar

          1011 Moraine Drive
          South Elgin, IL 60177

          Lennar 190 Reviews

          224-306-1936

          from $324,530 - $377,215

          8 homes match your search

          3.1 miles away

          The Townes at Becketts by M/I Homes in Chicago Illinois
          homes in The Townes at Becketts by M/I Homes
          homes in The Townes at Becketts by M/I Homes
          Special Offers

          The Townes at Becketts

          Community by M/I Homes

          7n848 S McLean Boulevard
          South Elgin, IL 60177

          M/I Homes

          630-701-7612

          from $284,990 - $294,990

          2 homes match your search

          4 miles away

          The Conservancy by Ryan Homes in Chicago Illinois
          homes in The Conservancy by Ryan Homes
          homes in The Conservancy by Ryan Homes

          Grand Opening

          The Conservancy

          Community by Ryan Homes

          914 Mario Lane
          Gilberts, IL 60136

          Ryan Homes

          888-582-9238

          from $414,990 - $456,990

          5 homes match your search

          8.3 miles away

          Timberleaf by Lexington Homes in Chicago Illinois
          homes in Timberleaf by Lexington Homes
          homes in Timberleaf by Lexington Homes

          Timberleaf

          Community by Lexington Homes

          7N601 Rodenburg Road
          Roselle, IL 60172

          Lexington Homes

          888-290-4361

          from $399,990 - $412,350

          5 homes match your search

          9.5 miles away

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

          Trails of Woods Creek

          Community by Pulte Homes

          6 Liam Court
          Algonquin, IL 60102

          Pulte Homes 247 Reviews

          888-394-2517

          from $336,990 - $560,232

          14 homes match your search

          10.4 miles away

          Tamms Farm by Lennar in Chicago Illinois
          homes in Tamms Farm by Lennar
          homes in Tamms Farm by Lennar

          Tamms Farm

          Community by Lennar

          1285 Highbrook Ave
          Hampshire, IL 60140

          Lennar 190 Reviews

          224-433-5205

          from $369,900 - $519,900

          15 homes match your search

          12.7 miles away

          Talamore - Andare by Lennar in Chicago Illinois
          homes in Talamore - Andare by Lennar
          homes in Talamore - Andare by Lennar

          Talamore - Andare

          Community by Lennar

          11849 Hubbe Court
          Huntley, IL 60142

          Lennar 190 Reviews

          224-293-0607

          from $332,990 - $399,900

          10 homes match your search

          13 miles away

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          Elgin. IL features many of the best home builder communities in Chicago, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Elgin has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Elgin area. In fact, there are 96 communities and 22 builders in Elgin with homes starting at under $500K.

          How to Find Homes in Elgin for Less than $500K?

          Many builders recognize there is growing demand in the Elgin area for homes under the $500k price point and often have a few floor plans available, but these may be in limited supply. These brand new homes are relatively affordable. 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. Like any new home, you are likely to have the low maintenance and lower cost of ownership that makes new construciton a good value in Elgin,