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Chicago Homes Under $250k

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 208 communities and 134 builders in Chicago with homes starting at under $250K.

How to Find Homes in Chicago For Less Than $250K?

Many builders recognize there is growing demand in the Chicago area for homes under the $250k 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.

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            208 Communities

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            Brookmere - The Estates by Lennar

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            Brookmere - The Estates by Lennar in Chicago Illinois
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            Lennar in Matteson, IL

            From $216,490 - $258,490

            175 Owen Street
            Matteson, IL 60443

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            Builder Community
            6 homes match your search

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            Andare at Remington Pointe North by Lennar

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            Andare at Remington Pointe North by Lennar in Chicago Illinois
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            Lennar in Volo, IL

            From $221,990 - $280,990

            1832 Alta Drive
            Volo, IL 60020

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            8 homes match your search

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            The Trails of Pheasant Ridge by Gerstad Builders

            The Trails of Pheasant Ridge by Gerstad Builders in Chicago Illinois
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            Gerstad Builders in Richmond, IL

            From $213,990 - $296,990

            11211Thrush Creek Drive
            Richmond, IL 60071

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            3 homes match your search

            West Point Gardens by West Point Builders

            West Point Gardens by West Point Builders in Chicago Illinois
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            West Point Builders in Elgin, IL

            From $210,990 - $259,990

            251 Tulip Ct.
            Elgin, IL 60124

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            1 home matches your search

            Windett Ridge by Lennar

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            Windett Ridge by Lennar in Chicago Illinois
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            Lennar in Yorkville, IL

            From $216,490 - $266,990

            3280 Huntington Lane
            Yorkville, IL 60560

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            3 homes match your search

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            Stonegate Townhomes by Lennar

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            Stonegate Townhomes by Lennar in Chicago Illinois
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            Lennar in Manhattan, IL

            From $163,990 - $213,325

            24717 McCormick Way
            Manhattan, IL 60442

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            16 homes match your search

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            Aspire at Ashley Pointe by K. Hovnanian® Homes

            Aspire at Ashley Pointe by K. Hovnanian® Homes in Chicago Illinois
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            K. Hovnanian® Homes in Yorkville, IL

            From $247,995 - $369,995

            2009 Shetland Court
            Yorkville, IL 60560

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            1 home matches your search

            Legacy Pointe by M/I Homes

            Legacy Pointe by M/I Homes in Chicago Illinois
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            M/I Homes in Joliet, IL

            From $226,990 - $274,180

            1413 Legacy Pointe Boulevard
            Joliet, IL 60431

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            8 homes match your search

            Autumn Creek Townes by Pulte Homes

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            Autumn Creek Townes by Pulte Homes in Chicago Illinois
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            Pulte Homes in Yorkville, IL

            From $166,990 - $197,326

            1498 Orchid Street
            Yorkville, IL 60560

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            4 homes match your search

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            Remington Pointe North - The Prairies by Lennar

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            Remington Pointe North - The Prairies by Lennar in Chicago Illinois
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            Lennar in Volo, IL

            From $225,490 - $293,490

            1556 Powderhorn Dr.
            Volo, IL 60020

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            Builder Community
            3 homes match your search

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            Top New Home Cities in Chicago

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            CityCommunitiesAverage New Home Price
            Plainfield8$336,829
            Naperville8$549,876
            Joliet7$261,762
            Yorkville7$261,813
            Hawthorn Woods6$490,499
            Elgin6$374,399
            Shorewood4$307,726
            Manhattan4$236,065
            Montgomery4$282,937
            Crystal Lake3$295,671
            Lemont3$522,205
            Libertyville3$544,993

            New Homes in Chicago by Region

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            RegionCommunitiesAverage New Home Price
            Downtown Chicago 112$1,162,000
            North Chicago 12$437,000
            Northwest Chicago 8$463,000
            South Chicago 35$356,000
            Southwest Chicago 145$450,000
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