New Homes in Chicago, IL Under $200k :: 101 Communities

Chicago Homes Under $200k

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            101 Communities

            Quick Move-In Hot Deals

            Silo Bend by M/I Homes in Chicago Illinois
            homes in Silo Bend by M/I Homes
            homes in Silo Bend by M/I Homes

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            Silo Bend

            Community by M/I Homes

            15220-15454 W 167th Street
            Lockport, IL 60441

            M/I Homes

            630-463-9270

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            Balmorea Townhomes by Ryan Homes in Chicago Illinois
            homes in Balmorea Townhomes by Ryan Homes
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            Balmorea Townhomes

            Community by Ryan Homes

            3417 Helene Reider
            Montgomery, IL 60538

            Ryan Homes

            888-258-0425

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            The Townes at Silo Bend by M/I Homes in Chicago Illinois
            homes in The Townes at Silo Bend by M/I Homes
            homes in The Townes at Silo Bend by M/I Homes

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            The Townes at Silo Bend

            Community by M/I Homes

            15253 W. 163rd
            Lockport, IL 60491

            M/I Homes

            630-457-4054

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            Other Builders

            Pepper Pointe West Condos by Contry Homes in Chicago Illinois

            Pepper Pointe West Condos

            Rockford, IL 61114

            Builder Community

            Contry Homes

            from $115,900

            1 home matches your search

            Contact Sales Agent
            770 Lofts by MCZ Development Corp in Chicago Illinois

            770 Lofts

            Chicago, IL 60661

            Builder Community

            MCZ Development Corp

            from $170,000 - $270,000

            1 home matches your search

            Contact Sales Agent
            Vb 1224 Lofts by VB1224 Lofts LLC in Chicago Illinois

            Vb 1224 Lofts

            Chicago, IL 60607

            Builder Community

            VB1224 Lofts LLC

            from $189,900 - $383,900

            1 home matches your search

            Contact Sales Agent
            Stevens Ridge by Three Hammer Construction in Chicago Illinois

            Stevens Ridge

            Rockford, IL 61103

            Builder Community

            Three Hammer Construction

            from $159,900 - $270,000

            2 homes match your search

            Contact Sales Agent
            Wolf Ridge Condominiums by Neri Development in Chicago Illinois

            Wolf Ridge Condominiums

            Northlake, IL 60164

            Builder Community

            Neri Development

            from $149,900 - $239,900

            7 homes match your search

            Contact Sales Agent
            Alexander Place by International Homes in Chicago Illinois

            Alexander Place

            Somonauk, IL 60552

            Builder Community

            International Homes

            from $184,825

            1 home matches 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
            Salem Condominiums by Hale Street Group in Chicago Illinois

            Salem Condominiums

            Arlington Heights, IL 60005

            Builder Community

            Hale Street Group

            from $99,900 - $159,900

            3 homes match your search

            Contact Sales Agent
            River Crossing/River Crossing Se, Llc by River Crossing SE, LLC in Chicago Illinois

            River Crossing/River Crossing Se, Llc

            South Elgin, IL 60177

            Builder Community

            River Crossing SE, LLC

            from $117,900 - $244,900

            15 homes match your search

            Contact Sales Agent
            3952 W. Eddy by Thomas James Realty, Inc. in Chicago Illinois

            3952 W. Eddy

            Chicago, IL 60618

            Builder Community

            Thomas James Realty, Inc.

            from $175,000 - $339,000

            2 homes match your search

            Contact Sales Agent
            Mallinckrodt In The Park by Pickus Companies in Chicago Illinois

            Mallinckrodt In The Park

            Wilmette, IL 60091

            Builder Community

            Pickus Companies

            from $199,000 - $545,000

            1 home matches your search

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            400 N. Lake Shore by Related in Chicago Illinois

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            400 N. Lake Shore

            Chicago, IL 60611

            Builder Community

            Related

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            Townhomes Of Prairie Lakes by Cunat Inc. in Chicago Illinois

            Townhomes Of Prairie Lakes

            McHenry, IL 60050

            Builder Community

            Cunat Inc.

            from $179,900 - $187,900

            3 homes match your search

            Contact Sales Agent
            2846-50 N. Christiana by Hood Development LLC in Chicago Illinois

            2846-50 N. Christiana

            Chicago, IL 60618

            Builder Community

            Hood Development LLC

            from $79,900 - $169,000

            6 homes match your search

            Contact Sales Agent
            Arbors At Barrington/Townhomes by Arbors of Barrington LLC in Chicago Illinois

            Arbors At Barrington/Townhomes

            Barrington, IL 60010

            Builder Community

            Arbors of Barrington LLC

            from $189,900 - $317,900

            1 home matches your search

            Contact Sales Agent
            Park Place Glenview by The Drake Group in Chicago Illinois

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            Park Place Glenview

            Glenview, IL 60025

            Builder Community

            The Drake Group

            Contact Sales Agent
            Sycamore Lakes by Grieves Construction in Chicago Illinois

            Sycamore Lakes

            Peru, IL 61354

            Builder Community

            Grieves Construction

            from $185,000 - $235,000

            1 home matches your search

            Contact Sales Agent

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            New Home Cities in Chicago

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            CityCommunitiesAverage New Home Price
            Plainfield8$379,516
            Naperville6$649,600
            Yorkville6$290,720
            Elgin5$385,674
            Lemont4$549,946
            Joliet4$298,166
            Batavia3$300,365
            Crystal Lake3$334,647
            Montgomery3$308,865
            Manhattan3$256,180
            Kildeer3$433,890
            Huntley3$348,628

            New Homes in Chicago by Region

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            RegionCommunitiesAverage New Home Price
            Downtown Chicago 68$1,157,000
            North Chicago 10$425,000
            Northwest Chicago 3$477,000
            South Chicago 27$365,000
            Southwest Chicago 112$460,000

            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 101 communities and 88 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.