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New Construction Homes Under $500K in Otsego, MN

97 Homes

Move-In Ready

$33,790

From $321,200 $354,990

3 Br | 2.5 Ba | 2 Gr | 1,506 sq ft Hot Deal

2946 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

Move-In Ready

From $479,990

4 Br | 2.5 Ba | 3 Gr | 2,271 sq ft

8514 152Nd Circle Nw. Ramsey, MN 55303

Lennar

3.8

From $326,990

3 Br | 2.5 Ba | 2 Gr | 1,667 sq ft Hot Deal

Bayfield | Saint Michael, MN

M/I Homes

From $403,990

3 Br | 2 Ba | 2 Gr | 1,742 sq ft Hot Deal

Cedarwood II | Saint Michael, MN

M/I Homes

Under Construction

From $324,900

3 Br | 2.5 Ba | 2 Gr | 1,722 sq ft Hot Deal

2842 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $409,990

2 Br | 2 Ba | 2 Gr | 1,528 sq ft Hot Deal

Sage | Saint Michael, MN

M/I Homes

Under Construction

From $342,940

3 Br | 2.5 Ba | 2 Gr | 1,667 sq ft Hot Deal

2840 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

Under Construction

From $324,565

3 Br | 2.5 Ba | 2 Gr | 1,722 sq ft Hot Deal

2844 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $440,990

2 Br | 2 Ba | 2 Gr | 2,351 sq ft Hot Deal

Aspen | Saint Michael, MN

M/I Homes

From $457,990

4 Br | 2.5 Ba | 3 Gr | 2,271 sq ft

Vanderbilt | Ramsey, MN

Lennar

3.8

Move-In Ready

$37,775

From $325,000 $362,775

3 Br | 2.5 Ba | 2 Gr | 1,506 sq ft Hot Deal

2912 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $458,990

2 Br | 2 Ba | 2 Gr | 1,773 sq ft Hot Deal

Grayson | Saint Michael, MN

M/I Homes

From $484,990

2 Br | 2 Ba | 3 Gr | 1,801 sq ft Hot Deal

Leo | Saint Michael, MN

M/I Homes

From $499,990

3 Br | 2.5 Ba | 3 Gr | 2,938 sq ft Hot Deal

Langford | Saint Michael, MN

M/I Homes

From $424,990

3 Br | 2 Ba | 2 Gr | 1,892 sq ft Hot Deal

Willow II | Saint Michael, MN

M/I Homes

From $481,990

4 Br | 2.5 Ba | 3 Gr | 2,792 sq ft Hot Deal

Alexander | Saint Michael, MN

M/I Homes

From $493,990

3 Br | 2 Ba | 3 Gr | 1,891 sq ft Hot Deal

Sycamore II | Saint Michael, MN

M/I Homes

From $311,990

3 Br | 2.5 Ba | 2 Gr | 1,722 sq ft Hot Deal

Hayward | Saint Michael, MN

M/I Homes

From $406,990

2 Br | 2 Ba | 2 Gr | 1,734 sq ft Hot Deal

Cedarwood | Saint Michael, MN

M/I Homes

From $486,990

4 Br | 2.5 Ba | 3 Gr | 2,692 sq ft

Lewis | Ramsey, MN

Lennar

3.8

From $388,990

2 Br | 2 Ba | 2 Gr | 1,322 sq ft Hot Deal

Ivy | Saint Michael, MN

M/I Homes

From $430,990

2 Br | 2 Ba | 2 Gr | 1,773 sq ft Hot Deal

Grayson | Saint Michael, MN

M/I Homes

Under Construction

From $342,810

3 Br | 2.5 Ba | 2 Gr | 1,667 sq ft Hot Deal

2850 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

Under Construction

From $323,490

3 Br | 2.5 Ba | 2 Gr | 1,722 sq ft Hot Deal

2848 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $477,990

4 Br | 2.5 Ba | 3 Gr | 2,469 sq ft

Sinclair | Ramsey, MN

Lennar

3.8

Under Construction

From $372,000

3 Br | 2.5 Ba | 2 Gr | 2,317 sq ft Hot Deal

2964 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $472,990

3 Br | 2 Ba | 3 Gr | 1,920 sq ft

Clearwater | Ramsey, MN

Lennar

3.8

From $457,990

4 Br | 2.5 Ba | 3 Gr | 2,464 sq ft Hot Deal

Victoria | Saint Michael, MN

M/I Homes

From $448,990

3 Br | 2.5 Ba | 2 Gr | 2,441 sq ft Hot Deal

Elmwood IV | Saint Michael, MN

M/I Homes

Under Construction

From $487,890

4 Br | 2.5 Ba | 3 Gr | 2,185 sq ft

8499 152Nd Circle Nw. Ramsey, MN 55303

Lennar

3.8

From $371,990

2 Br | 2 Ba | 2 Gr | 1,451 sq ft Hot Deal

Birch | Saint Michael, MN

M/I Homes

Under Construction

From $323,770

3 Br | 2.5 Ba | 2 Gr | 1,722 sq ft Hot Deal

2846 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $468,990

4 Br | 2.5 Ba | 3 Gr | 2,185 sq ft

Bristol | Ramsey, MN

Lennar

3.8

From $350,990

2 Br | 2 Ba | 2 Gr | 1,245 sq ft Hot Deal

Alpine | Saint Michael, MN

M/I Homes

Under Construction

From $329,000

3 Br | 2.5 Ba | 2 Gr | 2,070 sq ft Hot Deal

2968 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $437,990

4 Br | 2.5 Ba | 3 Gr | 2,214 sq ft Hot Deal

Taylor | Saint Michael, MN

M/I Homes

From $459,990

3 Br | 2 Ba | 3 Gr | 1,769 sq ft Hot Deal

Hillcrest | Saint Michael, MN

M/I Homes

From $497,990

3 Br | 2 Ba | 3 Gr | 2,114 sq ft Hot Deal

Amelia | Saint Michael, MN

M/I Homes

Under Construction

From $330,000

3 Br | 2.5 Ba | 2 Gr | 2,070 sq ft Hot Deal

2970 Kepler Avenue Ne. Saint Michael, MN 55376

M/I Homes

From $443,990

3 Br | 2 Ba | 2 Gr | 1,769 sq ft Hot Deal

Hillcrest | Saint Michael, MN

M/I Homes

Static Map Image

Market Snapshot

Newest Home Developments in Otsego

Top Home Builders in Otsego

BuilderHomesAverage Price
Lennar678$455,035
M/I Homes526$441,170
D.R. Horton294$482,032

Otsego features many of the best homes builders and new construction home designs in Minnesota. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Otsego has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Otsego area. In fact, there are 1,118 new homes for sale in Otsego with a good selection of cheaper homes starting at under $500K.

How to Find Homes in Otsego, MN for Less than $500K?

Builders see the growing demand for homes under the $500k 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 use value engineering techniques to reduce the cost of construction and keep prices increasing too much. Smaller lots, standard-sized materials, and evening the pace of building can help deliver high-value for the cost. The results are delivering similar quality at lower prices.