New Homes in Chicago, IL Under $200k :: 102 Communities Skip main navigation

Chicago Homes Under $200k

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            102 Communities

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            Canterbury Townes by Ryan Homes in Chicago Illinois
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            Canterbury Townes

            Community by Ryan Homes

            181 Canterbury Way
            Lake Zurich, IL 60047

            Ryan Homes

            888-235-0797

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            Prairie Woods and Walnut Glen by Pulte Homes in Chicago Illinois
            homes in Prairie Woods and Walnut Glen by Pulte Homes
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            Prairie Woods and Walnut Glen

            Community by Pulte Homes

            Dowell Road and Fen View Circle
            Island Lake, IL 60042

            Pulte Homes Read Reviews

            888-928-6334

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            Lansdowne by Pulte Homes in Chicago Illinois
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            homes in Lansdowne by Pulte Homes

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            Lansdowne

            Community by Pulte Homes

            127th Street, 1/2 Mile East of Route 59
            Plainfield, IL 60585

            Pulte Homes Read Reviews

            888-248-7515

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            Sheldon Woods by Pulte Homes in Chicago Illinois
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            Sheldon Woods

            Community by Pulte Homes

            IL-60, 1/2 Mile North of IL-176
            Mundelein, IL 60060

            Pulte Homes Read Reviews

            888-702-1523

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            Sawgrass by Pulte Homes in Chicago Illinois
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            Sawgrass

            Community by Pulte Homes

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

            Pulte Homes Read Reviews

            888-827-4889

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            Kildeer Crossing by Pulte Homes in Chicago Illinois
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            Kildeer Crossing

            Community by Pulte Homes

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

            Pulte Homes Read Reviews

            888-229-0562

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            Naper Commons by Pulte Homes in Chicago Illinois
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            Naper Commons

            Community by Pulte Homes

            W Lucent Lane and Naperville Road
            Naperville, IL 60563

            Pulte Homes Read Reviews

            888-335-0967

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            Other Builders

            Old River Ridge/Three Hammer Construction by Three Hammer Construction in Chicago Illinois

            Old River Ridge/Three Hammer Construction

            Machesney Park, IL 61103

            Builder Community

            Three Hammer Construction

            from $149,900

            1 home matches your search

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            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

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            Whisper Glen by Phoenix Developers, Inc in Chicago Illinois

            Whisper Glen

            Plainfield, IL 60586

            Builder Community

            Phoenix Developers, Inc

            from $174,900 - $254,200

            2 homes match your search

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            One Chicago Square by JDL Development in Chicago Illinois

            Coming Soon

            One Chicago Square

            Wicker Park, IL 60622

            Condominiums

            JDL Development

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            Marquette Village by RDM Development & Investment, LLC in Chicago Illinois

            Marquette Village

            Chicago, IL 60629

            Builder Community

            RDM Development & Investment, LLC

            from $169,900 - $239,000

            4 homes match your search

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            200 North Dearborn by American Invsco in Chicago Illinois

            200 North Dearborn

            Chicago, IL 60601

            Builder Community

            American Invsco

            from $135,000 - $296,000

            1 home matches your search

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            Pebblewood Court by Kargil Development in Chicago Illinois

            Pebblewood Court

            Hanover Park, IL 60133

            Builder Community

            Kargil Development

            from $99,800 - $138,800

            6 homes match your search

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            Brandon Subdivision by Contry Homes in Chicago Illinois

            Brandon Subdivision

            Rockford, IL 61109

            Builder Community

            Contry Homes

            from $126,900 - $141,900

            3 homes match your search

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            Pierce Place Condos by Landmark Custom Homes in Chicago Illinois

            Pierce Place Condos

            Itasca, IL 60143

            Builder Community

            Landmark Custom Homes

            from $182,500

            1 home matches your search

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            Foxwoods Condominiums by Dremco, Inc. in Chicago Illinois

            Foxwoods Condominiums

            Oak Lawn, IL 60453

            Condominiums

            Dremco, Inc.

            from $200,000

            2 homes match your search

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            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

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            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

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            Le Janet Condominium by New City Builders, Inc. in Chicago Illinois

            Le Janet Condominium

            Chicago, IL 60626

            Builder Community

            New City Builders, Inc.

            from $149,900 - $154,900

            2 homes match your search

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            New Home Cities in Chicago

            City Communities Average New Home Price
            Plainfield 9 $397,365
            Yorkville 6 $333,859
            Joliet 4 $326,707
            Naperville 4 $518,990
            Elgin 4 $435,287
            Aurora 4 $300,670
            Kildeer 3 $466,132
            Lemont 3 $406,633
            Shorewood 3 $379,253
            South Elgin 3 $380,775
            McHenry 3 $362,281
            Huntley 3 $385,842

            New Homes in Chicago by Region

            Region Communities Average New Home Price
            Downtown Chicago 61 $1,203,000
            North Chicago 10 $489,000
            Northwest Chicago 3 $477,000
            South Chicago 25 $394,000
            Southwest Chicago 108 $454,000

            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 102 communities and 86 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.