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Memphis Homes Under $400K



22 Communities

Quick Move-In Hot Deals

Hidden Springs by Regency Homebuilders in Memphis Tennessee
homes in Hidden Springs by Regency Homebuilders
homes in Hidden Springs by Regency Homebuilders

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Hidden Springs

Community by Regency Homebuilders

20 Chesnut Ridge Drive
Oakland, TN 38060

Regency Homebuilders

888-768-7741

from $347,900 - $424,900

11 homes match your search

Villas at Fair Oaks by Regency Homebuilders in Memphis Tennessee
homes in Villas at Fair Oaks by Regency Homebuilders
homes in Villas at Fair Oaks by Regency Homebuilders

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Villas at Fair Oaks

Community by Regency Homebuilders

St Andrews Drive
Oakland, TN 38060

Regency Homebuilders

888-803-4297

from $329,900 - $389,900

13 homes match your search

Valleybrook by Regency Homebuilders in Memphis Tennessee
homes in Valleybrook by Regency Homebuilders
homes in Valleybrook by Regency Homebuilders

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Valleybrook

Community by Regency Homebuilders

Mebane Road
Oakland, TN 38060

Regency Homebuilders

888-875-5009

from $389,900 - $439,900

3 homes match your search

Brunswick Village by Regency Homebuilders in Memphis Tennessee
homes in Brunswick Village by Regency Homebuilders
homes in Brunswick Village by Regency Homebuilders

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Brunswick Village

Community by Regency Homebuilders

Ladurl Drive
Memphis, TN 38133

Regency Homebuilders

from $335,900 - $350,900

7 homes match your search

Chickasaw Gardens by Regency Homebuilders in Memphis Tennessee
homes in Chickasaw Gardens by Regency Homebuilders
homes in Chickasaw Gardens by Regency Homebuilders

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Chickasaw Gardens

Community by Regency Homebuilders

10 Chickasaw Trace Drive
Oakland, TN 38060

Regency Homebuilders

888-817-1932

from $328,900 - $369,900

12 homes match your search

Williams Ridge by Regency Homebuilders in Memphis Mississippi
homes in Williams Ridge by Regency Homebuilders
homes in Williams Ridge by Regency Homebuilders

Grand Opening

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Williams Ridge

Community by Regency Homebuilders

3075 Tina Renee Lane
Nesbit, MS 38651

Regency Homebuilders

888-864-6056

from $349,900 - $425,900

6 homes match your search

Cordova Ridge by Regency Homebuilders in Memphis Tennessee
homes in Cordova Ridge by Regency Homebuilders
homes in Cordova Ridge by Regency Homebuilders

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Cordova Ridge

Community by Regency Homebuilders

10127 Macon Road
Cordova, TN 38018

Regency Homebuilders

888-852-7898

from $334,900 - $364,900

12 homes match your search

Other Builders

Gwin Farms by Grant & Co. in Memphis Mississippi

Gwin Farms

Community by Grant & Co.

Olive Branch, MS 38654

Grant & Co.

from $383,990 - $632,400

2 homes match your search

Twin Lakes by D.R. Horton in Memphis Mississippi
homes in Twin Lakes by D.R. Horton
homes in Twin Lakes by D.R. Horton

Twin Lakes

Community by D.R. Horton

Byhalia, MS 38611

D.R. Horton

from $293,990 - $358,990

11 homes match your search

Rasco Farms by D.R. Horton in Memphis Mississippi
homes in Rasco Farms by D.R. Horton
homes in Rasco Farms by D.R. Horton

Rasco Farms

Community by D.R. Horton

Southaven, MS 38671

D.R. Horton

from $252,990 - $274,990

3 homes match your search

Cherokee Ridge by Grant & Co. in Memphis Mississippi

Cherokee Ridge

Community by Grant & Co.

Olive Branch, MS 38654

Grant & Co.

from $383,990 - $599,950

1 home matches your search

Edgewater by Grant & Co. in Memphis Mississippi

Edgewater

Community by Grant & Co.

Olive Branch, MS 38654

Grant & Co.

from $347,300 - $599,950

15 homes match your search

Crossroads by Grant & Co. in Memphis Mississippi

Crossroads

Community by Grant & Co.

Hernando, MS 38632

Grant & Co.

from $383,990 - $599,950

1 home matches your search

Barrett Oaks by D.R. Horton in Memphis Tennessee
homes in Barrett Oaks by D.R. Horton
homes in Barrett Oaks by D.R. Horton

Barrett Oaks

Community by D.R. Horton

Millington, TN 38053

D.R. Horton

from $274,990 - $300,990

9 homes match your search

Village Park by D.R. Horton in Memphis Tennessee
homes in Village Park by D.R. Horton
homes in Village Park by D.R. Horton

Village Park

Community by D.R. Horton

Oakland, TN 38060

D.R. Horton

from $361,990 - $379,990

5 homes match your search

Wynstone Mill by DickensBuilt in Memphis Tennessee
homes in Wynstone Mill by DickensBuilt
homes in Wynstone Mill by DickensBuilt

Wynstone Mill

Community by DickensBuilt

Memphis, TN 38119

DickensBuilt

from $399,000

1 home matches your search

Porter Farms by DickensBuilt in Memphis Tennessee

Coming Soon

Porter Farms

Community by DickensBuilt

Collierville, TN 38017

DickensBuilt

Georgetown by Grant & Co. in Memphis Tennessee

Georgetown

Community by Grant & Co.

Collierville, TN 38017

Grant & Co.

from $383,990 - $628,540

1 home matches your search

The Meadows by D.R. Horton in Memphis Tennessee
homes in The Meadows by D.R. Horton
homes in The Meadows by D.R. Horton

The Meadows

Community by D.R. Horton

Somerville, TN 38068

D.R. Horton

from $310,990 - $369,990

7 homes match your search

River Grove Estates by Grant & Co. in Memphis Mississippi

River Grove Estates

Community by Grant & Co.

Olive Branch, MS 38654

Grant & Co.

from $383,990 - $677,122

1 home matches your search

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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 22 communities and 4 builders in Memphis with homes starting at under $400K.

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

Many builders recognize there is growing demand in the Memphis 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.