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

98 Homes

Under Construction

From $368,270

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

10274 Birchwood Circle. Victoria, MN 55318

M/I Homes

Move-In Ready

From $389,990

3 Br | 2.5 Ba | 2 Gr | 2,268 sq ft Hot Deal

7684 Cruise Way. Inver Grove Heights, MN 55076

M/I Homes

Under Construction

From $363,760

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

21962 Primrose Path. Farmington, MN 55024

Lennar

3.8

From $395,990

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

Glacier | Otsego, MN

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

Move-In Ready

From $321,990

3 Br | 2.5 Ba | 2 Gr | 1,791 sq ft

23375 Amber Drive. Rogers, MN 55374

Lennar

3.8

Move-In Ready

From $329,990

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

8077 150Th Place Nw. Ramsey, MN 55303

Lennar

3.8

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

$12,220

From $379,990 $392,210

3 Br | 2.5 Ba | 2 Gr | 1,777 sq ft

10692 Wiles Way. Woodbury, MN 55129

Lennar

3.8

Move-In Ready

From $389,990

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

22931 Hazel Lane. Rogers, MN 55374

Lennar

3.8

From $382,990

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

Taylor | Rogers, MN

Lennar

3.8

Move-In Ready

From $349,990

3 Br | 2.5 Ba | 2 Gr | 1,906 sq ft

8073 150Th Place Nw. Ramsey, MN 55303

Lennar

3.8

From $368,990

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

Carly | Rogers, MN

M/I Homes

Under Construction

From $376,790

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

1554 Aclare Ridge. Rosemount, MN 55068

Pulte Homes

4.0

From $394,990

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

Franklin | Rogers, MN

M/I Homes

From $392,990

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

Raleigh | Maple Grove, MN

Lennar

3.8

Under Construction

From $397,615

3 Br | 2.5 Ba | 2 Gr | 1,777 sq ft

1909 Prospect Lane. Carver, MN 55315

Lennar

3.8

From $396,990

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

Cascade | Otsego, MN

Lennar

3.8

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

$10,000

From $332,990 $342,990

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

Ashton | Rogers, MN

Pulte Homes

4.0

From $332,990

3 Br | 2.5 Ba | 2 Gr | 1,769 sq ft

Revere | Rogers, MN

Lennar

3.8

From $348,990

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

Franklin | Lino Lakes, MN

Lennar

3.8

From $390,990

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

Richmond | Rosemount, MN

Lennar

3.8

From $355,900

4 Br | 3 Ba | 2 Gr | 1,795 sq ft Hot Deal

Lincoln | North Branch, MN

LGI Homes

4.0

From $311,990

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

Brooks | Rogers, MN

M/I Homes

Under Construction

From $377,910

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

14844 Ardee Place. Rosemount, MN 55068

Lennar

3.8

Under Construction

$24,760

From $389,990 $414,750

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

9688 4Th Street North. Lake Elmo, MN 55042

Pulte Homes

4.0

From $376,990

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

Richmond | Rogers, MN

Lennar

3.8

From $389,990

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

Savanna | Inver Grove Heights, MN

M/I Homes

From $378,990

3 Br | 3 Ba | 2 Gr | 1,906 sq ft

Jefferson | Lino Lakes, MN

Lennar

3.8

From $354,990

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

Hayward | Minnetrista, MN

M/I Homes

Under Construction

From $329,280

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

13617 Busch Lane. Rogers, MN 55374

M/I Homes

Under Construction

$12,975

From $398,705 $411,680

3 Br | 1 Ba | 3 Gr | 1,151 sq ft

707 Erickson Lane. Buffalo, MN 55313

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 $381,990

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

Biscayne | Buffalo, MN

Lennar

3.8

From $352,990

3 Br | 2.5 Ba | 2 Gr | 1,906 sq ft

Jefferson | Ramsey, MN

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 $399,835

3 Br | 2.5 Ba | 2 Gr | 2,277 sq ft Hot Deal

6577 Jocelyn Avenue South. Cottage Grove, MN 55016

M/I Homes

Under Construction

$32,585

From $379,990 $412,575

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

9682 4Th Street North. Lake Elmo, MN 55042

Pulte Homes

4.0

Move-In Ready

Contact Builder for Details

3 Br | 2.5 Ba | 2 Gr | 1,877 sq ft Hot Deal

14674 Twin Lakes Circle. Burnsville, MN 55306

David Weekley Homes

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Market Snapshot

New Homes in Minneapolis-St. Paul by Region

RegionHomesAverage New Home Price
Northeast Minneapolis 13$454,000

Top New Home Cities in Minneapolis-St. Paul

CityHomesAverage New Home Price
Rogers113$420,235
Rosemount96$469,706
Corcoran95$525,616
Otsego79$454,676
Dayton78$530,543
Woodbury72$534,850
Blaine66$460,575
Lakeville60$516,674
Shakopee55$504,365
Saint Michael54$464,916
Hugo50$499,890
Lino Lakes47$512,618

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 950 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.