New Homes in Memphis, TN Under $250K :: 4 Communities

Memphis Homes Under $250K

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            4 Communities

            Quick Move-In Hot Deals

            Other Builders

            Snowden Grove by Lenox Homes LLC in Memphis Mississippi

            Snowden Grove

            Southaven, MS 38672

            Builder Community

            Lenox Homes LLC

            from $198,000 - $227,000

            2 homes match your search

            Briarfield by Astor Fine Builders in Memphis Tennessee

            Coming Soon

            Briarfield

            Memphis, TN 38117

            Builder Community

            Astor Fine Builders

            Southern Trace by Astor Fine Builders in Memphis Tennessee

            Coming Soon

            Southern Trace

            Memphis, TN 38117

            Builder Community

            Astor Fine Builders

            Porter Farms by DickensBuilt in Memphis Tennessee

            Coming Soon

            Porter Farms

            Collierville, TN 38017

            Builder Community

            DickensBuilt

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            New Home Cities in Memphis

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            CityCommunitiesAverage New Home Price
            Lakeland3$477,515
            Collierville2$543,122
            Oakland2$320,166
            Olive Branch1$308,275
            Nesbit1$323,900
            Cordova1$393,400
            Germantown1$763,084

            New Homes in Memphis by Region

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            RegionCommunitiesAverage New Home Price
            East Memphis 17$256,000
            Memphis Downtown 16$276,000
            North Memphis 1$320,000

            Memphis features many of the best home builder communities in Tennessee, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Memphis has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Memphis area. In fact, there are 4 communities and 3 builders in Memphis with homes starting at under $250K.

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

            Many builders recognize there is growing demand in the Memphis 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.