Communities near Elko New Market, MN
The Ponds At Hunters Crest
From $299,900
- 2-4 Beds
- 1-3 Baths
- 1,219 - 2,538 SqFt
- Community in Minnetrista, MN 55375
By Price Custom Homes
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Market Snapshot
Elko New Market. MN features many of the best home builder communities in Minneapolis & St. Paul, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Elko New Market has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Elko New Market area. In fact, there are 81 communities and 16 builders in Elko New Market with homes starting at under $700K.
How to Find Homes in Elko New Market for Less than $700K?
Many builders recognize there is growing demand in the Elko New Market area for homes under the $700k 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 Elko New Market,