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New Construction Homes Under $500K in Otsego, MN

95 Homes

Under Construction

$20,000

From $496,400 $516,400

4 Br | 2.5 Ba | 3 Gr | 2,148 sq ft

17774 56Th Street Ne. Otsego, MN 55374

Lennar

3.8

Move-In Ready

From $498,990

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

17747 56Th Street Ne. Otsego, MN 55374

Lennar

3.8

$16,000

From $485,990 $501,990

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

Sinclair | Otsego, MN

Lennar

3.8

$16,000

From $480,990 $496,990

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

Clearwater | Otsego, MN

Lennar

3.8

$16,000

From $469,990 $485,990

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

Bristol | Otsego, MN

Lennar

3.8

$16,000

From $453,990 $469,990

4 Br | 2.5 Ba | 3 Gr | 2,148 sq ft

Columbus | Otsego, MN

Lennar

3.8

$16,000

From $481,990 $497,990

4 Br | 2.5 Ba | 3 Gr | 2,439 sq ft

Springfield | Otsego, MN

Lennar

3.8

$16,000

From $465,990 $481,990

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

Vanderbilt | Otsego, MN

Lennar

3.8

$16,000

From $491,990 $507,990

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

Lewis | Otsego, MN

Lennar

3.8

Under Construction

$13,010

From $409,990 $423,000

3 Br | 2.5 Ba | 2 Gr | 1,981 sq ft

8104 Langley Ave Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $449,215

4 Br | 2.5 Ba | 3 Gr | 2,344 sq ft

8134 Langley Ave Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $439,860

4 Br | 3 Ba | 2 Gr | 2,049 sq ft

8120 Langley Ave Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $452,555

4 Br | 3 Ba | 2 Gr | 2,505 sq ft

11326 81St Street Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $410,080

4 Br | 3 Ba | 2 Gr | 2,049 sq ft

11338 81St Street Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $439,315

4 Br | 2.5 Ba | 3 Gr | 2,352 sq ft

11337 81St Street Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $455,105

4 Br | 3 Ba | 2 Gr | 2,505 sq ft

11325 81St Street Ne. Otsego, MN 55330

Lennar

3.8

From $389,990

3 Br | 2.5 Ba | 2 Gr | 1,976 sq ft

Carlsbad | Otsego, MN

Lennar

3.8

From $395,990

3 Br | 2.5 Ba | 2 Gr | 1,946 sq ft

Glacier | Otsego, MN

Lennar

3.8

From $424,990

4 Br | 3 Ba | 2 Gr | 2,505 sq ft

Sequoia | Otsego, MN

Lennar

3.8

From $383,990

4 Br | 3 Ba | 2 Gr | 1,830 sq ft

Biscayne | Otsego, MN

Lennar

3.8

From $396,990

4 Br | 3 Ba | 2 Gr | 2,049 sq ft

Cascade | Otsego, MN

Lennar

3.8

Under Construction

From $426,585

3 Br | 2.5 Ba | 2 Gr | 1,976 sq ft

11362 81St Street Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $434,960

4 Br | 3 Ba | 2 Gr | 2,049 sq ft

11361 81St Street Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

$23,360

From $434,990 $458,350

4 Br | 2.5 Ba | 3 Gr | 2,511 sq ft

11541 82Nd Street Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $463,030

4 Br | 2.5 Ba | 3 Gr | 2,511 sq ft

11349 81St Street Ne. Otsego, MN 55330

Lennar

3.8

Under Construction

From $447,785

3 Br | 2 Ba | 2,111 sq ft

11350 81St Street Ne. Otsego, MN 55330

Lennar

3.8

From $409,990

3 Br | 2 Ba | 2,111 sq ft

Roosevelt II | Otsego, MN

Lennar

3.8

From $422,990

4 Br | 2.5 Ba | 3 Gr | 2,344 sq ft

Marquette | Otsego, MN

Lennar

3.8

From $431,990

4 Br | 2.5 Ba | 3 Gr | 2,550 sq ft

Magellan | Otsego, MN

Lennar

3.8

From $438,990

4 Br | 2.5 Ba | 3 Gr | 2,498 sq ft

Berkley | Otsego, MN

Lennar

3.8

From $383,990

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

Carly | Otsego, MN

M/I Homes

From $414,990

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

Devin | Otsego, MN

M/I Homes

From $365,990

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

Autumn | Otsego, MN

M/I Homes

From $394,990

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

Blakely | Otsego, MN

M/I Homes

From $452,990

3 Br | 2.5 Ba | 3 Gr | 2,099 sq ft Hot Deal

Henry | Otsego, MN

M/I Homes

From $432,990

3 Br | 2.5 Ba | 3 Gr | 2,099 sq ft Hot Deal

Hailey | Otsego, MN

M/I Homes

From $442,990

4 Br | 2.5 Ba | 3 Gr | 2,227 sq ft Hot Deal

Sawyer | Otsego, MN

M/I Homes

From $406,990

3 Br | 2.5 Ba | 2 Gr | 1,750 sq ft Hot Deal

Bloomington | Otsego, MN

M/I Homes

From $480,990

4 Br | 2.5 Ba | 3 Gr | 2,618 sq ft Hot Deal

Wilson | Otsego, MN

M/I Homes

From $462,990

4 Br | 2.5 Ba | 3 Gr | 2,227 sq ft Hot Deal

Sophia | Otsego, MN

M/I Homes

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Market Snapshot

Newest Home Developments in Otsego

Top Home Builders in Otsego

BuilderHomesAverage Price
Lennar681$461,306
M/I Homes529$441,361
D.R. Horton308$458,203

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 1,124 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.