New Homes in Chicago, IL Under $200k :: 105 Communities Skip main navigation

Chicago Homes Under $200k

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            105 Communities

            Quick Move-In Hot Deals

            Meadows of West Bay - Duplexes by Lennar in Chicago Illinois
            homes in Meadows of West Bay - Duplexes by Lennar
            homes in Meadows of West Bay - Duplexes by Lennar

            Meadows of West Bay - Duplexes

            Community by Lennar

            8603 Pebble Creek Court
            Wonder Lake, IL 60097

            Lennar TrustBuilder Reviews Reviews

            224-616-5224

            from $198,990 - $230,990

            1 home matches your search

            Darby Farm by M/I Homes in Chicago Illinois
            homes in Darby Farm by M/I Homes
            homes in Darby Farm by M/I Homes

            Coming Soon

            Darby Farm

            Community by M/I Homes

            Ne Corner Of Nelson Rd And W. Spencer Road
            Naperville, IL 60540

            M/I Homes

            630-504-6038

            Fairwinds by Ryan Homes in Chicago Illinois
            homes in Fairwinds by Ryan Homes
            homes in Fairwinds by Ryan Homes

            Coming Soon

            Fairwinds

            Community by Ryan Homes

            1001 Holdeman Court
            Sandwich, IL 60548

            Ryan Homes

            888-278-7967

            Settler's Ridge by Ryan Homes in Chicago Illinois
            homes in Settler's Ridge by Ryan Homes
            homes in Settler's Ridge by Ryan Homes

            Coming Soon

            Settler's Ridge

            Community by Ryan Homes

            295 Atkinson Drive
            Sugar Grove, IL 60554

            Ryan Homes

            888-282-4212

            The Villas At Link Crossing by M/I Homes in Chicago Illinois
            homes in The Villas At Link Crossing by M/I Homes
            homes in The Villas At Link Crossing by M/I Homes

            Coming Soon

            The Villas At Link Crossing

            Community by M/I Homes

            2050 Link Drive
            Buffalo Grove, IL 60089

            M/I Homes

            630-659-1081

            Lincoln Crossing by Pulte Homes in Chicago Illinois
            homes in Lincoln Crossing by Pulte Homes
            homes in Lincoln Crossing by Pulte Homes

            Coming Soon

            Lincoln Crossing

            Community by Pulte Homes

            Wolf’s Crossing Road, ¼ Mile East of Eola Road
            Aurora, IL 60503

            Pulte Homes TrustBuilder Reviews Reviews

            888-218-5232

            Sawgrass by Pulte Homes in Chicago Illinois
            homes in Sawgrass by Pulte Homes
            homes in Sawgrass by Pulte Homes

            Coming Soon

            Sawgrass

            Community by Pulte Homes

            SE Corner of Hassert Boulevard and Essington Road
            Bolingbrook, IL 60490

            Pulte Homes TrustBuilder Reviews Reviews

            888-827-4889

            Tribeca by M/I Homes in Chicago Illinois
            homes in Tribeca by M/I Homes
            homes in Tribeca by M/I Homes

            Coming Soon

            Tribeca

            Community by M/I Homes

            19410 W Il Route 137
            Grayslake, IL 60030

            M/I Homes

            630-618-2035

            Kildeer Crossings by Pulte Homes in Chicago Illinois
            homes in Kildeer Crossings by Pulte Homes
            homes in Kildeer Crossings by Pulte Homes

            Coming Soon

            Kildeer Crossings

            Community by Pulte Homes

            NE Corner of Rand Road and W Cuba Road
            Kildeer, IL 60047

            Pulte Homes TrustBuilder Reviews Reviews

            888-229-0562

            Other Builders

            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

            Saratoga Springs by Saratoga Homes in Chicago Illinois

            Saratoga Springs

            Montgomery, IL 60538

            Builder Community

            Saratoga Homes

            from $176,990 - $278,950

            4 homes match your search

            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

            Prairie Ridge Townhomes by Wynn Builders in Chicago Illinois

            Prairie Ridge Townhomes

            Sycamore, IL 60178

            Builder Community

            Wynn Builders

            from $172,000 - $174,000

            4 homes match your search

            Autumn Green At Midway Village by Senior Lifestyle Suites in Chicago Illinois

            Autumn Green At Midway Village

            Chicago, IL 60629

            Builder Community

            Senior Lifestyle Suites

            from $155,900 - $224,000

            5 homes match your search

            Patriot Estates Manor by Cunat Inc. in Chicago Illinois

            Patriot Estates Manor

            McHenry, IL 60050

            Builder Community

            Cunat Inc.

            from $152,500

            2 homes match your search

            Somerset Farm by Gracious Living Homes LLC in Chicago Illinois

            Somerset Farm

            Sycamore, IL 60178

            Builder Community

            Gracious Living Homes LLC

            from $135,000 - $153,500

            3 homes match your search

            Canyon Ridge by Three Hammer Construction in Chicago Illinois

            Canyon Ridge

            Rockford, IL 61109

            Builder Community

            Three Hammer Construction

            from $189,950 - $267,500

            2 homes match your search

            Turnberry Ridge by Contry Homes in Chicago Illinois

            Turnberry Ridge

            Rockford, IL 61109

            Builder Community

            Contry Homes

            from $148,900 - $150,900

            3 homes match your search

            Village At Boulder Creek/John Slack by John Slack Construction in Chicago Illinois

            Village At Boulder Creek/John Slack

            Rockford, IL 61108

            Builder Community

            John Slack Construction

            from $169,000 - $195,900

            5 homes match your search

            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

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            New Home Cities in Chicago

            CityCommunitiesAverage New Home Price
            Plainfield9$409,498
            Yorkville5$325,311
            Joliet4$326,656
            Naperville4$273,042
            Elgin4$439,361
            Aurora4$302,694
            Mundelein3$400,177
            South Elgin3$381,632
            Kildeer3$465,490
            Manhattan3$289,323
            McHenry3$362,156
            Wonder Lake3$248,847

            New Homes in Chicago by Region

            RegionCommunitiesAverage New Home Price
            Downtown Chicago 60$1,199,000
            North Chicago 9$392,000
            Northwest Chicago 3$477,000
            South Chicago 24$403,000
            Southwest Chicago 94$444,000

            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 105 communities and 89 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.