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Carmel, IN New Homes Under $400K

113 Communities

Windward at Legacy by Lennar in Indianapolis Indiana
Home in Windward at Legacy by Lennar
Home in Windward at Legacy by Lennar

$376,995 - $442,995

Windward at Legacy

Carmel, IN 46033

5 Floor Plans

Lennar

4.1

Gramercy West - Townhomes by David Weekley Homes in Indianapolis Indiana
Home in Gramercy West - Townhomes by David Weekley Homes
Home in Gramercy West - Townhomes by David Weekley Homes

$342,990 - $420,990

Gramercy West - Townhomes

Carmel, IN 46032

4 Floor Plans

Hot Deal

David Weekley Homes

Albany Village Villas by Drees Homes in Indianapolis Indiana
Home in Albany Village Villas by Drees Homes
Home in Albany Village Villas by Drees Homes
$10,000

$383,900 - $404,900

Albany Village Villas

Carmel, IN 46074

1 Home

3 Floor Plans

Drees Homes

3.8

Ambleside - Townhomes by Pulte Homes in Indianapolis Indiana
Home in Ambleside - Townhomes by Pulte Homes
Home in Ambleside - Townhomes by Pulte Homes

$383,990 - $454,350

Ambleside - Townhomes

Carmel, IN 46074

2 Homes

2 Floor Plans

Hot Deal

Pulte Homes

3.4

Towns at RiverWest by Pulte Homes in Indianapolis Indiana
Home in Towns at RiverWest by Pulte Homes
Home in Towns at RiverWest by Pulte Homes

Coming Soon

$324,990

Towns at RiverWest

Noblesville, IN 46062

1 Floor Plan

Pulte Homes

3.4

Bonterra by M/I Homes in Indianapolis Indiana
Home in Bonterra by M/I Homes
Home in Bonterra by M/I Homes
Up to $30,000

$293,990 - $404,995

Bonterra

Westfield, IN 46062

9 Homes

6 Floor Plans

Hot Deal

M/I Homes

Towns at River Place by Pulte Homes in Indianapolis Indiana
Home in Towns at River Place by Pulte Homes
Home in Towns at River Place by Pulte Homes

Coming Soon

$334,990

Towns at River Place

Indianapolis, IN 46250

1 Floor Plan

Pulte Homes

3.4

Westmoor by Pulte Homes in Indianapolis Indiana
Home in Westmoor by Pulte Homes
Home in Westmoor by Pulte Homes

$398,990 - $514,000

Westmoor

Noblesville, IN 46062

5 Homes

5 Floor Plans

Hot Deal

Pulte Homes

3.4

Monon Corner by Beazer Homes in Indianapolis Indiana
Home in Monon Corner by Beazer Homes
Home in Monon Corner by Beazer Homes

$381,990 - $516,990

Monon Corner

Westfield, IN 46074

7 Floor Plans

Hot Deal

Beazer Homes

4.4

The Towns at Appaloosa by Pulte Homes in Indianapolis Indiana
Home in The Towns at Appaloosa by Pulte Homes
Home in The Towns at Appaloosa by Pulte Homes
Up to $17,605

$342,990 - $440,000

The Towns at Appaloosa

Zionsville, IN 46077

4 Homes

3 Floor Plans

Hot Deal

Pulte Homes

3.4

Monon Corner, Arbor Series by Arbor Homes in Indianapolis Indiana
Home in Monon Corner, Arbor Series by Arbor Homes
Home in Monon Corner, Arbor Series by Arbor Homes

Grand Opening

$367,995 - $386,995

Monon Corner, Arbor Series

Sheridan, IN 46069

2 Floor Plans

Arbor Homes

Lancaster - Townhomes by Pulte Homes in Indianapolis Indiana
Home in Lancaster - Townhomes by Pulte Homes
Home in Lancaster - Townhomes by Pulte Homes

$314,800 - $324,990

Lancaster - Townhomes

Westfield, IN 46074

2 Floor Plans

Hot Deal

Pulte Homes

3.4

Lancaster by Beazer Homes in Indianapolis Indiana
Home in Lancaster by Beazer Homes
Home in Lancaster by Beazer Homes
Up to $29,000

$339,990 - $355,990

Lancaster

Westfield, IN 46074

2 Homes

Beazer Homes

4.4

Orchard View, Arbor Series by Arbor Homes in Indianapolis Indiana
Home in Orchard View, Arbor Series by Arbor Homes
Home in Orchard View, Arbor Series by Arbor Homes

$335,995 - $367,995

Orchard View, Arbor Series

Westfield, IN 46074

4 Floor Plans

Arbor Homes

Red Fox Pointe by Destination by Arbor Homes in Indianapolis Indiana
Home in Red Fox Pointe by Destination by Arbor Homes
Home in Red Fox Pointe by Destination by Arbor Homes

$311,995 - $368,995

Red Fox Pointe

Noblesville, IN 46062

5 Floor Plans

Destination by Arbor Homes

Somerset West by Silverthorne Homes in Indianapolis Indiana
Home in Somerset West by Silverthorne Homes
Home in Somerset West by Silverthorne Homes

$380,995 - $454,995

Somerset West

Westfield, IN 46074

6 Floor Plans

Silverthorne Homes

Merion by M/I Homes in Indianapolis Indiana
Home in Merion by M/I Homes
Home in Merion by M/I Homes

Closeout

$20,000

$396,990 - $469,990

Merion

Noblesville, IN 46060

1 Home

1 Floor Plan

Hot Deal

M/I Homes

Kimblewick by Del Webb by Del Webb in Indianapolis Indiana
Home in Kimblewick by Del Webb by Del Webb
Home in Kimblewick by Del Webb by Del Webb
Up to $16,000

$348,990 - $539,990

Kimblewick by Del Webb

Westfield, IN 46074

4 Homes

10 Floor Plans

Hot Deal

Del Webb

3.3

Monon Corner, Destination Series by Destination by Arbor Homes in Indianapolis Indiana
Home in Monon Corner, Destination Series by Destination by Arbor Homes
Home in Monon Corner, Destination Series by Destination by Arbor Homes

$315,995 - $377,995

Monon Corner, Destination Series

Sheridan, IN 46069

5 Floor Plans

Destination by Arbor Homes

Marketplace Towns by Lennar in Indianapolis Indiana
Home in Marketplace Towns by Lennar
Home in Marketplace Towns by Lennar

$383,995 - $448,000

Marketplace Towns

Fishers, IN 46038

3 Floor Plans

Lennar

4.1

Millers Walk by Beazer Homes in Indianapolis Indiana
Home in Millers Walk by Beazer Homes
Home in Millers Walk by Beazer Homes
$10,000

$347,990 - $439,990

Millers Walk

Noblesville, IN 46060

4 Floor Plans

Hot Deal

Beazer Homes

4.4

Osborne Trails - Osborne Trails Northern by Lennar in Indianapolis Indiana
Home in Osborne Trails - Osborne Trails Northern by Lennar
Home in Osborne Trails - Osborne Trails Northern by Lennar

$338,995 - $375,995

Osborne Trails - Osborne Trails Northern

Westfield, IN 46074

3 Floor Plans

Lennar

4.1

Belle Crest by Drees Homes in Indianapolis Indiana
Home in Belle Crest by Drees Homes
Home in Belle Crest by Drees Homes

$346,900 - $404,900

Belle Crest

Westfield, IN 46074

2 Homes

3 Floor Plans

Drees Homes

3.8

New Haven by Lennar in Indianapolis Indiana
Home in New Haven by Lennar
Home in New Haven by Lennar

$344,995 - $374,995

New Haven

Westfield, IN 46074

2 Floor Plans

Lennar

4.1

Westgate - Westgate TH-2-Story by Lennar in Indianapolis Indiana
Home in Westgate - Westgate TH-2-Story by Lennar
Home in Westgate - Westgate TH-2-Story by Lennar

$342,995 - $356,495

Westgate - Westgate TH-2-Story

Westfield, IN 46074

2 Floor Plans

Lennar

4.1

Towns at Trailside by D.R. Horton in Indianapolis Indiana
Home in Towns at Trailside by D.R. Horton
Home in Towns at Trailside by D.R. Horton

$278,500 - $343,000

Towns at Trailside

Whitestown, IN 46075

5 Floor Plans

D.R. Horton

Hampton Walk by Fischer Homes  in Indianapolis Indiana
Home in Hampton Walk by Fischer Homes
Home in Hampton Walk by Fischer Homes

$270,990 - $599,990

Hampton Walk

Mc Cordsville, IN 46055

19 Floor Plans

Hot Deal

Fischer Homes

Haven Ponds by Silverthorne Homes in Indianapolis Indiana
Home in Haven Ponds by Silverthorne Homes
Home in Haven Ponds by Silverthorne Homes

Grand Opening

$346,995 - $424,995

Haven Ponds

McCordsville, IN 46055

10 Floor Plans

Silverthorne Homes

Trailside by D.R. Horton in Indianapolis Indiana
Home in Trailside by D.R. Horton
Home in Trailside by D.R. Horton
$15,510

$349,000 - $500,000

Trailside

Whitestown, IN 46075

11 Floor Plans

D.R. Horton

Jackson Run North - Jackson Run North Venture by Lennar in Indianapolis Indiana
Home in Jackson Run North - Jackson Run North Venture by Lennar
Home in Jackson Run North - Jackson Run North Venture by Lennar

$368,995 - $401,995

Jackson Run North - Jackson Run North Venture

Whitestown, IN 46075

4 Floor Plans

Lennar

4.1

The Townes at Hampton Walk by Fischer Homes  in Indianapolis Indiana
Home in The Townes at Hampton Walk by Fischer Homes
Home in The Townes at Hampton Walk by Fischer Homes

$399,990 - $439,990

The Townes at Hampton Walk

Mc Cordsville, IN 46055

Hot Deal

Fischer Homes

Maple Run by Arbor Homes in Indianapolis Indiana
Home in Maple Run by Arbor Homes
Home in Maple Run by Arbor Homes

$245,995 - $324,995

Maple Run

Sheridan, IN 46069

12 Floor Plans

Arbor Homes

On Your Lot by Silverthorne Homes in Indianapolis Indiana
Home in On Your Lot by Silverthorne Homes
Home in On Your Lot by Silverthorne Homes

$256,995 - $653,755

On Your Lot

Indianapolis, IN 46216

10 Floor Plans

Silverthorne Homes

Bridle Oaks by Pulte Homes in Indianapolis Indiana
Home in Bridle Oaks by Pulte Homes
Home in Bridle Oaks by Pulte Homes

$353,990 - $414,900

Bridle Oaks

Whitestown, IN 46075

1 Home

4 Floor Plans

Hot Deal

Pulte Homes

3.4

McCord Pointe Stillwater by Lennar in Indianapolis Indiana
Home in McCord Pointe Stillwater by Lennar
Home in McCord Pointe Stillwater by Lennar

$391,995 - $439,995

McCord Pointe Stillwater

McCordsville, IN 46055

4 Floor Plans

Lennar

4.1

Summerton - Summerton Ranch by Lennar in Indianapolis Indiana
Home in Summerton - Summerton Ranch by Lennar
Home in Summerton - Summerton Ranch by Lennar

$384,995 - $429,995

Summerton - Summerton Ranch

McCordsville, IN 46055

2 Floor Plans

Lennar

4.1

The Cove by Fischer Homes  in Indianapolis Indiana
Home in The Cove by Fischer Homes
Home in The Cove by Fischer Homes
Up to $30,000

$399,990 - $704,990

The Cove

Fortville, IN 46040

24 Floor Plans

Hot Deal

Fischer Homes

Offsite - Destination by Arbor Homes in Indianapolis Indiana
Home in Offsite - Destination by Arbor Homes
Home in Offsite - Destination by Arbor Homes

$199,995 - $263,995

Offsite - Destination

Indianapolis, IN 46216

5 Floor Plans

Arbor Homes

Silver Stream by Arbor Homes in Indianapolis Indiana
Home in Silver Stream by Arbor Homes
Home in Silver Stream by Arbor Homes
$7,832

$234,995 - $317,995

Silver Stream

Indianapolis, IN 46235

3 Homes

12 Floor Plans

Arbor Homes

Jackson Run North - Jackson Run North SM Venture by Lennar in Indianapolis Indiana
Home in Jackson Run North - Jackson Run North SM Venture by Lennar
Home in Jackson Run North - Jackson Run North SM Venture by Lennar

$329,995 - $408,365

Jackson Run North - Jackson Run North SM Venture

Whitestown, IN 46075

5 Floor Plans

Lennar

4.1

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Market Snapshot

Newest Communities in Carmel

Top Home Builders in Carmel

BuilderCommunitiesAverage Price
Wedgewood Building Company4$0
Pulte Homes3$514,129
David Weekley Homes2$467,847
Drees Homes2$604,564
Estridge Homes2$622,423
Lennar1$420,595
Epcon Communities1$617,271
Shoopman Homes1$970,200

Carmel. IN features many of the best home builder communities in Indianapolis, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Carmel has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Carmel area. In fact, there are 113 communities and 15 builders in Carmel with homes starting at under $400K.

How to Find Homes in Carmel for Less than $400K?

Many builders recognize there is growing demand in the Carmel area for homes under the $400k price point and often have a few floor plans available, but these may be in limited supply. These brand new homes are relatively affordable. 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. Like any new home, you are likely to have the low maintenance and lower cost of ownership that makes new construciton a good value in Carmel,