New Homes in Chicago, IL Under $200k :: 100 Communities Skip main navigation

Chicago Homes Under $200k

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            100 Communities

            Quick Move-In Hot Deals

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

            Canterbury Townes by Ryan Homes in Chicago Illinois
            homes in Canterbury Townes by Ryan Homes
            homes in Canterbury Townes by Ryan Homes

            Coming Soon

            Canterbury Townes

            Community by Ryan Homes

            181 Canterbury Way
            Lake Zurich, IL 60047

            Ryan Homes

            888-235-0797

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

            Coming Soon

            Lansdowne

            Community by M/I Homes

            23393 W. 127th Street
            Plainfield, IL 60585

            M/I Homes

            630-203-9768

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

            Coming Soon

            Balmorea Townhomes

            Community by Ryan Homes

            3417 Helene Reider
            Montgomery, IL 60538

            Ryan Homes

            888-258-0425

            Other Builders

            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

            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

            One Chicago Square by JDL Development in Chicago Illinois

            Coming Soon

            One Chicago Square

            Wicker Park, IL 60622

            Condominiums

            JDL Development

            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

            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

            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

            Optima Old Orchard Woods by Optima Homes in Chicago Illinois

            Optima Old Orchard Woods

            Skokie, IL 60076

            Builder Community

            Optima Homes

            from $189,000 - $1,000,000

            1 home matches your search

            Somerset Farm by McDonnells Construction in Chicago Illinois

            Somerset Farm

            Sycamore, IL 60178

            Builder Community

            McDonnells Construction

            from $150,000 - $170,900

            3 homes match your search

            Grand View Iii Townhomes by Krpan Builders in Chicago Illinois

            Grand View Iii Townhomes

            Sycamore, IL 60178

            Builder Community

            Krpan Builders

            from $193,900 - $255,000

            1 home matches 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

            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

            Logan Square by Howlett Homes-Developers in Chicago Illinois

            Logan Square

            Belvidere, IL 61008

            Builder Community

            Howlett Homes-Developers

            from $143,900 - $160,039

            3 homes match your search

            Deer Ridge Homes Duplex by Deer Ridge Homes in Chicago Illinois

            Deer Ridge Homes Duplex

            Morris, IL 60450

            Builder Community

            Deer Ridge Homes

            from $189,500 - $212,500

            1 home matches 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

            Logan Square Townhomes by Howlett Homes in Chicago Illinois

            Logan Square Townhomes

            Belvidere, IL 61008

            Builder Community

            Howlett Homes

            from $89,900 - $159,900

            7 homes match your search

            South Ridge Th by Leamy Construction in Chicago Illinois

            South Ridge Th

            Ottawa, IL 61350

            Builder Community

            Leamy Construction

            from $150,000

            1 home matches your search

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            New Home Cities in Chicago

            CityCommunitiesAverage New Home Price
            Plainfield9$393,908
            Yorkville6$322,280
            Naperville4$707,744
            Elgin4$421,472
            Montgomery3$342,642
            Manhattan3$276,609
            Aurora3$292,728
            South Elgin3$366,347
            Crystal Lake3$360,279
            McHenry3$347,802
            Huntley3$368,906
            Joliet2$339,198

            New Homes in Chicago by Region

            RegionCommunitiesAverage New Home Price
            Downtown Chicago 66$1,206,000
            North Chicago 10$488,000
            Northwest Chicago 3$477,000
            South Chicago 25$383,000
            Southwest Chicago 108$457,000

            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 100 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.