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, IL Homes Under $400K!

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            391 Communities

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            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

            Grand Opening

            Silo Bend

            Community by M/I Homes

            15220-15454 W 167th Street
            Lockport, IL 60441

            M/I Homes

            630-463-9270

            Prairie Commons - Traditional Townhomes by Lennar in Chicago Illinois
            homes in Prairie Commons - Traditional Townhomes by Lennar
            homes in Prairie Commons - Traditional Townhomes by Lennar

            Prairie Commons - Traditional Townhomes

            Community by Lennar

            1601 Carlstedt Dr.
            Batavia, IL 60510

            Lennar Read Reviews

            224-293-0474

            The Trails of Pheasant Ridge by Gerstad Builders in Chicago Illinois
            homes in The Trails of Pheasant Ridge by Gerstad Builders
            homes in The Trails of Pheasant Ridge by Gerstad Builders

            The Trails of Pheasant Ridge

            Community by Gerstad Builders

            11211 Thrush Creek Dr
            Richmond, IL 60071

            Gerstad Builders

            888-329-8944

            Talamore - Andare by Lennar in Chicago Illinois
            homes in Talamore - Andare by Lennar
            homes in Talamore - Andare by Lennar

            Talamore - Andare

            Community by Lennar

            11849 Hubbe Court
            Huntley, IL 60142

            Lennar Read Reviews

            224-293-0607

            Estates of Montefiori by Lakeview Homes LLC in Chicago Illinois
            homes in Estates of Montefiori by Lakeview Homes LLC
            homes in Estates of Montefiori by Lakeview Homes LLC
            Video

            Estates of Montefiori

            Community by Lakeview Homes LLC

            11289 Tuscany Lane
            Lemont, IL 60439

            Lakeview Homes LLC

            888-235-8018

            Woodlore Estates - Andare by Lennar in Chicago Illinois
            homes in Woodlore Estates - Andare by Lennar
            homes in Woodlore Estates - Andare by Lennar

            Woodlore Estates - Andare

            Community by Lennar

            1027 Honey Locust Drive
            Crystal Lake, IL 60012

            Lennar Read Reviews

            224-260-2471

            Ashcroft Place by West Point Builders in Chicago Illinois
            homes in Ashcroft Place by West Point Builders
            homes in Ashcroft Place by West Point Builders
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            Ashcroft Place

            Community by West Point Builders

            603 Westford Place
            Oswego, IL 60543

            West Point Builders

            888-217-1860

            Liberty Trails by Gerstad Builders in Chicago Illinois
            homes in Liberty Trails by Gerstad Builders
            homes in Liberty Trails by Gerstad Builders

            Liberty Trails

            Community by Gerstad Builders

            2703 Bush Terrace
            McHenry, IL 60051

            Gerstad Builders

            888-329-8948

            Trillium Farm by Pulte Homes in Chicago Illinois
            homes in Trillium Farm by Pulte Homes
            homes in Trillium Farm by Pulte Homes

            Trillium Farm

            Community by Pulte Homes

            Purnell Road, South of Garys Mill Road
            Winfield, IL 60190

            Pulte Homes Read Reviews

            888-376-3955

            Liberty Green by Pulte Homes in Chicago Illinois
            homes in Liberty Green by Pulte Homes
            homes in Liberty Green by Pulte Homes
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            Liberty Green

            Community by Pulte Homes

            2041 Samantha Joy Lane
            Bolingbrook, IL 60490

            Pulte Homes Read Reviews

            888-663-6508

            Gramercy Square by M/I Homes in Chicago Illinois
            homes in Gramercy Square by M/I Homes
            homes in Gramercy Square by M/I Homes

            Gramercy Square

            Community by M/I Homes

            4111 Calder Lane
            Aurora, IL 60504

            M/I Homes

            630-343-5141

            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 Read Reviews

            888-827-4889

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

            Coming Soon

            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

            Savannah by William Ryan Homes in Chicago Illinois
            homes in Savannah by William Ryan Homes
            homes in Savannah by William Ryan Homes

            Savannah

            Community by William Ryan Homes

            32000 Savannah Drive
            Lakemoor, IL 60051

            William Ryan Homes

            888-244-5816

            Prairie Commons - Urban Townhomes by Lennar in Chicago Illinois
            homes in Prairie Commons - Urban Townhomes by Lennar
            homes in Prairie Commons - Urban Townhomes by Lennar

            Prairie Commons - Urban Townhomes

            Community by Lennar

            1601 Carlstedt Dr.
            Batavia, IL 60510

            Lennar Read Reviews

            224-293-0621

            The Seasons at Southbury by Lennar in Chicago Illinois
            homes in The Seasons at Southbury by Lennar
            homes in The Seasons at Southbury by Lennar

            The Seasons at Southbury

            Community by Lennar

            400 Shadow Court
            Oswego, IL 60543

            Lennar Read Reviews

            224-206-3577

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

            Coming Soon

            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

            Legend Lakes Townhomes by Lennar in Chicago Illinois
            homes in Legend Lakes Townhomes by Lennar
            homes in Legend Lakes Townhomes by Lennar

            Legend Lakes Townhomes

            Community by Lennar

            325 Tralee Lane
            McHenry, IL 60050

            Lennar Read Reviews

            224-420-7101

            Chasewood at Highland Woods by Pulte Homes in Chicago Illinois
            homes in Chasewood at Highland Woods by Pulte Homes
            homes in Chasewood at Highland Woods by Pulte Homes

            Chasewood at Highland Woods

            Community by Pulte Homes

            777 Lansmere Avenue
            Elgin, IL 60124

            Pulte Homes Read Reviews

            888-348-2599

            Hidden River by Pulte Homes in Chicago Illinois
            homes in Hidden River by Pulte Homes
            homes in Hidden River by Pulte Homes
            Special Offers

            Hidden River

            Community by Pulte Homes

            16401 Hidden River Circle
            Plainfield, IL 60586

            Pulte Homes Read Reviews

            888-554-1495

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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 $453,000

            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 has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the area. In fact, there are 391 communities and 243 builders in with homes starting at under $400K.

            How to Find Homes in For Less Than $400K?

            Many builders recognize there is growing demand in the area for homes under the $400K 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.