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New Construction Homes Under $400K in Minneapolis & St. Paul, MN

97 Homes

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Check out our top recommendations

Under Construction

From $384,980

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

6634 Wildflower Way. Minnetrista, MN 55331

M/I Homes

Under Construction

From $399,990

2 Br | 1 Ba | 3 Gr | 986 sq ft

706 Erickson Lane. Buffalo, MN 55313

Lennar

3.8

Under Construction

From $395,530

3 Br | 2.5 Ba | 2 Gr | 1,858 sq ft Hot Deal

4817 Avery Court. Eagan, MN 55123

Pulte Homes

4.0

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

Move-In Ready

Contact Builder for Details

3 Br | 2.5 Ba | 2 Gr | 1,889 sq ft Hot Deal

14666 Twin Lakes Circle. Burnsville, MN 55306

David Weekley Homes

From $392,990

3 Br | 2.5 Ba | 2 Gr | 2,219 sq ft Hot Deal

Savanna | Cottage Grove, MN

M/I Homes

$30,000

From $369,900 $399,900

3 Br | 2 Ba | 2 Gr | 1,944 sq ft Hot Deal

Noble | Clear Lake, MN

LGI Homes

4.0

From $392,990

3 Br | 2.5 Ba | 2 Gr | 1,719 sq ft

Raleigh | Maple Grove, MN

Lennar

3.8

Move-In Ready

$20,000

From $404,990 $424,990

3 Br | 2.5 Ba | 2 Gr | 1,983 sq ft Hot Deal

4815 Airlake Drive. Woodbury, MN 55129

Pulte Homes

4.0

Under Construction

$11,250

From $334,990 $346,240

3 Br | 2.5 Ba | 2 Gr | 1,804 sq ft

23328 Amber Drive. Rogers, MN 55374

Lennar

3.8

From $364,990

3 Br | 2.5 Ba | 2 Gr | 1,739 sq ft Hot Deal

Brooks | Minnetrista, MN

M/I Homes

From $388,990

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

Ivy | Saint Michael, MN

M/I Homes

Move-In Ready

From $373,990

3 Br | 3 Ba | 2 Gr | 1,914 sq ft

7507 38Th Street N. Oakdale, MN 55128

Lennar

3.8

Move-In Ready

From $407,950

3 Br | 2.5 Ba | 2 Gr | 1,804 sq ft

14545 112Th Avenue N. Dayton, MN 55369

Lennar

3.8

Move-In Ready

From $385,990

3 Br | 2.5 Ba | 2 Gr | 2,091 sq ft Hot Deal

7683 Cruise Way. Inver Grove Heights, MN 55076

M/I Homes

From $369,990

3 Br | 2.5 Ba | 2 Gr | 1,883 sq ft Hot Deal

Bowman | Woodbury, MN

Pulte Homes

4.0

Move-In Ready

From $333,990

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

23295 Pine Drive. Rogers, MN 55374

M/I Homes

Under Construction

From $395,190

3 Br | 2.5 Ba | 2 Gr | 1,842 sq ft

22881 Hazel Lane. Rogers, MN 55374

Lennar

3.8

$10,000

From $334,990 $344,990

3 Br | 2.5 Ba | 2 Gr | 2,020 sq ft Hot Deal

Duncan | Rogers, MN

Pulte Homes

4.0

From $427,990

2 Br | 2 Ba | 2 Gr | 1,498 sq ft Hot Deal

Passport | Rosemount, MN

Pulte Homes

4.0

From $327,990

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

Revere | Lino Lakes, MN

Lennar

3.8

Move-In Ready

From $405,235

2 Br | 2 Ba | 2 Gr | 1,535 sq ft Hot Deal

15730 Goodview Trail North. Hugo, MN 55038

M/I Homes

$18,000

From $329,900 $347,900

3 Br | 2 Ba | 2 Gr | 1,410 sq ft Hot Deal

Carver | Waverly, MN

LGI Homes

4.0

Under Construction

From $409,690

3 Br | 2.5 Ba | 2 Gr | 1,719 sq ft

2037 Tyrone Drive. Shakopee, MN 55379

Lennar

3.8

From $362,990

3 Br | 2.5 Ba | 2 Gr | 2,056 sq ft Hot Deal

Camden | Cottage Grove, MN

M/I Homes

Under Construction

From $345,480

2 Br | 2 Ba | 2 Gr | 1,325 sq ft Hot Deal

722 Kasota Avenue. Jordan, MN 55352

M/I Homes

From $420,990

3 Br | 2.5 Ba | 2 Gr | 1,831 sq ft

Taylor | Carver, MN

Lennar

3.8

From $403,990

3 Br | 2.5 Ba | 2 Gr | 1,719 sq ft

Richmond | Woodbury, MN

Lennar

3.8

From $352,990

3 Br | 2.5 Ba | 2 Gr | 1,800 sq ft

Franklin | Rogers, MN

Lennar

3.8

From $344,900

3 Br | 2 Ba | 2 Gr | 1,647 sq ft Hot Deal

Goodhue | North Branch, MN

LGI Homes

4.0

From $417,990

4 Br | 2.5 Ba | 2 Gr | 2,265 sq ft Hot Deal

Aspire | Rogers, MN

Pulte Homes

4.0

$30,000

From $399,900 $429,900

4 Br | 2.5 Ba | 2 Gr | 2,438 sq ft Hot Deal

Hennepin II | Annandale, MN

LGI Homes

4.0

From $385,990

3 Br | 2.5 Ba | 2 Gr | 2,142 sq ft Hot Deal

Halston | Apple Valley, MN

Pulte Homes

4.0

From $392,990

3 Br | 2.5 Ba | 2 Gr | 1,719 sq ft

Richmond | Rosemount, MN

Lennar

3.8

Under Construction

From $412,890

3 Br | 2.5 Ba | 2 Gr | 1,719 sq ft

10658 Weston Way N. Maple Grove, MN 55369

Lennar

3.8

From $389,990

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

Carlsbad | 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

$30,000

From $424,900 $454,900

3 Br | 2 Ba | 3 Gr | 1,757 sq ft Hot Deal

Olmsted | Elk River, MN

LGI Homes

4.0

From $324,990

2 Br | 2 Ba | 2 Gr | 1,325 sq ft Hot Deal

Itasca | Corcoran, MN

M/I Homes

From $406,990

3 Br | 2.5 Ba | 2 Gr | 1,774 sq ft

St. Croix | Woodbury, MN

Lennar

3.8

Static Map Image

Market Snapshot

New Homes in Minneapolis-St. Paul by Region

RegionHomesAverage New Home Price
Northeast Minneapolis 13$453,000

Top New Home Cities in Minneapolis-St. Paul

CityHomesAverage New Home Price
Rogers110$421,793
Corcoran95$526,855
Rosemount95$469,873
Dayton82$530,829
Otsego75$440,501
Woodbury71$534,850
Blaine66$463,715
Saint Michael64$458,152
Lakeville61$516,674
Shakopee56$504,365
Hugo51$499,890
Cottage Grove46$479,183

Minneapolis & St. Paul 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 Minneapolis & St. Paul has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Minneapolis & St. Paul area. In fact, there are 979 new homes for sale in Minneapolis & St. Paul with a good selection of cheaper homes starting at under $400K.

How to Find Homes in Minneapolis & St. Paul For Less Than $400K?

Builders see the growing demand 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 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.