New Homes in Chicago, IL Under $200k :: 111 Communities

Chicago Homes Under $200k

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            111 Communities

            Quick Move-In Hot Deals

            Stonegate Duplex by Lennar in Chicago Illinois
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            Stonegate Duplex

            Community by Lennar

            24718 McCormick Way
            Manhattan, IL 60442

            Lennar Read Reviews

            888-516-1358

            from $196,490 - $213,490

            1 home matches your search

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            Briargate by Pulte Homes in Chicago Illinois
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            Briargate

            Community by Pulte Homes

            US Route 45 and Deer Trail Drive
            Lindenhurst, IL 60046

            Pulte Homes Read Reviews

            888-226-4980

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            Trillium Farm by Pulte Homes in Chicago Illinois
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            Trillium Farm

            Community by Pulte Homes

            Purnell Road, South of Garys Mill Road
            Winfield, IL 60190

            Pulte Homes Read Reviews

            888-376-3955

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

            Community by Pulte Homes

            Highland Woods Blvd. and Greenbriar Dr.
            Elgin, IL 60124

            Pulte Homes Read Reviews

            888-348-2599

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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

            Pulte Homes Read Reviews

            888-422-0041

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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

            Pulte Homes Read Reviews

            888-227-2701

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            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

            Pulte Homes Read Reviews

            888-394-2517

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

            Community by Ryan Homes

            210 E. Lincoln St
            Mount Prospect, IL 60056

            Ryan Homes

            888-374-3023

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            Avery Ridge by M/I Homes in Chicago Illinois
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            Avery Ridge

            Community by M/I Homes

            24168 N. Midlothian Road
            Lake Zurich, IL 60047

            M/I Homes

            888-329-3969

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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

            Lennar Read Reviews

            888-314-6458

            from $174,490 - $224,075

            6 homes match your search

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            Raintree Village - Townhomes by Lennar in Chicago Illinois
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            Raintree Village - Townhomes

            Community by Lennar

            1852 Wren Road
            Yorkville, IL 60560

            Lennar Read Reviews

            888-270-7506

            from $196,990 - $218,295

            1 home matches your search

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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

            888-316-2857

            from $199,990 - $257,490

            1 home matches your search

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            Other Builders

            Park Place Condominiums/At Home Realty Group, Inc. by At Home Realty Group, Inc. in Chicago Illinois

            Park Place Condominiums/At Home Realty Group, Inc.

            Oak Lawn, IL 60453

            Builder Community

            At Home Realty Group, Inc.

            from $92,400 - $124,900

            2 homes match your search

            Contact Sales Agent
            Leland Crossing by Wexner-Greenberg Associates in Chicago Illinois

            Leland Crossing

            Chicago, IL 60625

            Builder Community

            Wexner-Greenberg Associates

            from $168,900 - $259,900

            2 homes match your search

            Contact Sales Agent
            West Fifty Fifth Street Condominiums by OwnACondo in Chicago Illinois

            West Fifty Fifth Street Condominiums

            Chicago, IL 60632

            Builder Community

            OwnACondo

            from $119,900 - $129,900

            2 homes match your search

            Contact Sales Agent

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            New Home Cities in Chicago

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            CityCommunitiesAverage New Home Price
            Plainfield8$342,249
            Naperville8$616,454
            Yorkville6$265,534
            Joliet5$278,829
            Elgin5$351,694
            Montgomery4$283,940
            Aurora4$295,803
            Crystal Lake3$303,347
            Plano3$231,878
            Manhattan3$231,370
            Huntley3$308,895
            Lemont3$589,166

            New Homes in Chicago by Region

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            RegionCommunitiesAverage New Home Price
            Downtown Chicago 70$1,130,000
            North Chicago 10$423,000
            Northwest Chicago 3$477,000
            South Chicago 27$350,000
            Southwest Chicago 116$451,000

            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 111 communities and 91 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.