Skip main navigation

Portland & Vancouver, OR New Homes Under $500K

Location

Radius

Exact

25 mi

Exact Location

Price


to


Beds & Baths

    Bedrooms
    Bathrooms

    Schools

      School Districts

        More

          Home Type
          Home Status
          Special Offers
          Garages
          Living Areas
          Stories/Floors
          Primary Bedroom
          Other Features
          Community type
          Amenities


          Only With Reviews





          51 Communities

          Quick Move-In Hot Deals

          Baker Creek - The Opal Collection by Lennar in Portland-Vancouver Oregon
          homes in Baker Creek - The Opal Collection by Lennar
          homes in Baker Creek - The Opal Collection by Lennar
          Video

          Baker Creek - The Opal Collection

          Community by Lennar

          2706 Gregory Dr
          Mcminnville, OR 97128

          Lennar 154 Reviews

          from $460,900 - $549,900

          5 homes match your search

          5th Plain Creek Station by LGI Homes in Portland-Vancouver Washington
          homes in 5th Plain Creek Station by LGI Homes
          homes in 5th Plain Creek Station by LGI Homes
          Deal Special Offers Video

          5th Plain Creek Station

          Community by LGI Homes

          7002 NE 152nd Place
          Vancouver, WA 98682

          LGI Homes

          888-368-5820

          from $374,900 - $599,900

          4 homes match your search

          Gales Creek Terrace - The Cascade Collection by Lennar in Portland-Vancouver Oregon
          homes in Gales Creek Terrace - The Cascade Collection by Lennar
          homes in Gales Creek Terrace - The Cascade Collection by Lennar
          Video

          Gales Creek Terrace - The Cascade Collection

          Community by Lennar

          1578 18th Ave
          Forest Grove, OR 97116

          Lennar 154 Reviews

          888-527-0543

          from $486,900 - $531,900

          3 homes match your search

          Innovate Condominiums at Lolich Farms by Taylor Morrison in Portland-Vancouver Oregon
          homes in Innovate Condominiums at Lolich Farms by Taylor Morrison
          homes in Innovate Condominiums at Lolich Farms by Taylor Morrison

          Innovate Condominiums at Lolich Farms

          Community by Taylor Morrison

          12802 SW Incline Drive
          Beaverton, OR 97007

          Taylor Morrison

          888-284-1033

          from $489,990 - $574,990

          2 homes match your search

          South River Terrace Innovate Condominiums by Taylor Morrison in Portland-Vancouver Oregon
          homes in South River Terrace Innovate Condominiums by Taylor Morrison
          homes in South River Terrace Innovate Condominiums by Taylor Morrison

          Coming Soon

          South River Terrace Innovate Condominiums

          Community by Taylor Morrison

          16741 SW Darwin Loop
          Tigard, OR 97224

          Taylor Morrison

          888-442-3545

          Brynhill - The Aspen Collection by Lennar in Portland-Vancouver Oregon
          homes in Brynhill - The Aspen Collection by Lennar
          homes in Brynhill - The Aspen Collection by Lennar

          Brynhill - The Aspen Collection

          Community by Lennar

          32055 NW North Ave
          North Plains, OR 97133

          Lennar 154 Reviews

          888-772-4254

          from $388,900 - $446,900

          4 homes match your search

          Cloverhill by Lennar in Portland-Vancouver Washington
          homes in Cloverhill by Lennar
          homes in Cloverhill by Lennar
          Video

          Cloverhill

          Community by Lennar

          4139 Waters Edge Cir
          Ridgefield, WA 98642

          Lennar 154 Reviews

          888-307-6992

          from $399,900 - $456,900

          6 homes match your search

          The Courtyards at Hidden Crest by Aho Construction in Portland-Vancouver Washington
          homes in The Courtyards at Hidden Crest by Aho Construction
          homes in The Courtyards at Hidden Crest by Aho Construction

          The Courtyards at Hidden Crest

          Community by Aho Construction

          13100 NE 72nd Ave
          Vancouver, WA 98686

          Aho Construction

          888-339-9249

          from $474,900 - $539,900

          1 home matches your search

          Seasons at North Haven by Richmond American Homes in Portland-Vancouver Washington
          homes in Seasons at North Haven by Richmond American Homes
          homes in Seasons at North Haven by Richmond American Homes

          Coming Soon

          Green Special Offers Video

          Seasons at North Haven

          Community by Richmond American Homes

          NW 179th Street & NW 11th Ave
          Ridgefield, WA 98642

          Richmond American Homes

          888-910-4583

          North Bethany Crest - Townhome Series by Taylor Morrison in Portland-Vancouver Oregon
          homes in North Bethany Crest - Townhome Series by Taylor Morrison
          homes in North Bethany Crest - Townhome Series by Taylor Morrison

          North Bethany Crest - Townhome Series

          Community by Taylor Morrison

          15931 NW Hosmer Lane
          Portland, OR 97229

          Taylor Morrison

          888-323-7155

          from $424,990 - $533,990

          7 homes match your search

          Reed's Crossing - The Bridges Series by David Weekley Homes in Portland-Vancouver Oregon
          homes in Reed's Crossing - The Bridges Series by David Weekley Homes
          homes in Reed's Crossing - The Bridges Series by David Weekley Homes
          Deal Special Offers Video

          Reed's Crossing - The Bridges Series

          Community by David Weekley Homes

          4231 SE 68th Lane
          Hillsboro, OR 97123

          David Weekley Homes

          7 homes match your search

          Reed's Crossing by Richmond American Homes in Portland-Vancouver Oregon
          homes in Reed's Crossing by Richmond American Homes
          homes in Reed's Crossing by Richmond American Homes
          Green Special Offers Video

          Reed's Crossing

          Community by Richmond American Homes

          7285 SE Chinquapin Drive
          Hillsboro, OR 97123

          Richmond American Homes

          888-336-7686

          from $497,950 - $550,300

          2 homes match your search

          Stephens Hillside Farm by New Tradition Homes in Portland-Vancouver Washington
          homes in Stephens Hillside Farm by New Tradition Homes
          homes in Stephens Hillside Farm by New Tradition Homes

          Coming Soon

          Green Video

          Stephens Hillside Farm

          Community by New Tradition Homes

          NE 348th St, La Center, WA 98629
          La Center, WA 98629

          New Tradition Homes

          Cascadia Ridge by Richmond American Homes in Portland-Vancouver Oregon
          homes in Cascadia Ridge by Richmond American Homes
          homes in Cascadia Ridge by Richmond American Homes

          Coming Soon

          Green Special Offers Video

          Cascadia Ridge

          Community by Richmond American Homes

          NE Currin Creek Road and NE Cascadia Ridge Drive
          Estacada, OR 97023

          Richmond American Homes

          888-725-4852

          Mt Solo Place by Lennar in Portland-Vancouver Washington
          homes in Mt Solo Place by Lennar
          homes in Mt Solo Place by Lennar
          Video

          Mt Solo Place

          Community by Lennar

          1911 Schneiter Rd
          Longview, WA 98632

          Lennar 154 Reviews

          888-326-5141

          from $468,900 - $562,900

          3 homes match your search

          Innovate Condominiums by Taylor Morrison in Portland-Vancouver Oregon
          homes in Innovate Condominiums by Taylor Morrison
          homes in Innovate Condominiums by Taylor Morrison

          Innovate Condominiums

          Community by Taylor Morrison

          16710 SW Darwin Loop
          Tigard, OR 97224

          Taylor Morrison

          888-292-3096

          from $449,990 - $629,990

          8 homes match your search

          Reed’s Crossing – The Garden Series by David Weekley Homes in Portland-Vancouver Oregon
          homes in Reed’s Crossing – The Garden Series by David Weekley Homes
          homes in Reed’s Crossing – The Garden Series by David Weekley Homes
          Deal Special Offers Video

          Reed’s Crossing – The Garden Series

          Community by David Weekley Homes

          7498 SE Monarch Ln
          Hillsboro, OR 97123

          David Weekley Homes

          4 homes match your search

          Farmstead Crossing - The Meadows Collection by Lennar in Portland-Vancouver Oregon
          homes in Farmstead Crossing - The Meadows Collection by Lennar
          homes in Farmstead Crossing - The Meadows Collection by Lennar

          Farmstead Crossing - The Meadows Collection

          Community by Lennar

          1628 36th Ave
          Forest Grove, OR 97116

          Lennar 154 Reviews

          888-263-7680

          from $474,900 - $476,900

          2 homes match your search

          Sunset Village by LGI Homes in Portland-Vancouver Oregon
          homes in Sunset Village by LGI Homes
          homes in Sunset Village by LGI Homes

          Grand Opening

          Special Offers

          Sunset Village

          Community by LGI Homes

          3962 SW Duniway Ln
          Gresham, OR 97080

          LGI Homes

          888-581-0244

          from $439,900 - $534,900

          2 homes match your search

          Tenny Creek by LGI Homes in Portland-Vancouver Washington
          homes in Tenny Creek by LGI Homes
          homes in Tenny Creek by LGI Homes
          Deal Special Offers Video

          Tenny Creek

          Community by LGI Homes

          1933 NE 100th Circle
          Vancouver, WA 98686

          LGI Homes

          888-379-0809

          from $419,900 - $524,900

          3 homes match your search

          NEXT STEPS TO FINDING YOUR PERFECT NEW HOME

          Save a Home

          Like a home? Save it!

          Click the bookmark to save a home so you don't forget about it
          Find a Match

          Didn't find a match yet?

          Adjust the filters to better meet your search criteria
          Keep on going

          Keep on going!

          The home you love might be on the next page

          Portland & Vancouver, OR features many of the best home builder communities in Oregon, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Portland & Vancouver has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Portland & Vancouver area. In fact, there are 51 communities and 24 builders in Portland & Vancouver with homes starting at under $500K.

          How to Find Homes in Portland & Vancouver for Less than $500K?

          Many builders recognize there is growing demand in the Portland & Vancouver area for homes under the $500k 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 Portland & Vancouver.