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New Construction Homes Under $500K in Portland & Vancouver, OR



Quick Move-In Hot Deals Model Homes Ready to Build

246 Homes

Madeline - Brynhill - The Aspen Collection: North Plains, Oregon - Lennar

Ready to Build

Madeline

North Plains, OR 97133

Lennar 158 Reviews

Brynhill - The Aspen Collection

888-772-4254

$446,900

3 Br | 2.5 Ba | 2 Gr
1,559 sq. ft.

Sellwood - Reed's Crossing - The Bridges Series: Hillsboro, Oregon - David Weekley Homes

Ready to Build

Sellwood

Hillsboro, OR 97123

David Weekley Homes

Reed's Crossing - The Bridges Series

2 Br | 2.5 Ba | 1 Gr
1,334 sq. ft.

Monroe - Mt Solo Place: Longview, Oregon - Lennar

Available Now

Monroe

2011 Branch Creek Dr
Longview, WA 98632

Lennar 158 Reviews

Mt Solo Place

888-326-5141

$459,900

3 Br | 2.5 Ba | 2 Gr
2,305 sq. ft.

Hazel - Scholls Valley Heights – Townhomes: Beaverton, Oregon - David Weekley Homes

Ready to Build

Hazel

Beaverton, OR 97007

David Weekley Homes

Scholls Valley Heights – Townhomes

$489,990

3 Br | 2.5 Ba | 2 Gr
1,580 sq. ft.

Daisy - Cloverhill: Ridgefield, Oregon - Lennar

Now Building

Daisy

4213 S Cloverhill Wy
Ridgefield, WA 98642

Lennar 158 Reviews

Cloverhill

888-307-6992

$399,400

3 Br | 2.5 Ba | 2 Gr
1,394 sq. ft.

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Plan 1648 - The Courtyards at Hidden Crest: Vancouver, Oregon - Aho Construction

Ready to Build

Plan 1648

Vancouver, WA 98686

Aho Construction

The Courtyards at Hidden Crest

888-339-9249

$474,900

3 Br | 2.5 Ba | 1 Gr
1,648 sq. ft.

Celeste - North Bethany Crest - Townhome Series: Portland, Oregon - Taylor Morrison

Ready to Build

Virtual Tour

Celeste

Portland, OR 97229

Taylor Morrison

North Bethany Crest - Townhome Series

888-323-7155

$449,990

2 Br | 2.5 Ba | 2 Gr
1,391 sq. ft.

Daisy - Cloverhill: Ridgefield, Oregon - Lennar

Now Building

Daisy

2348 S Trail View Ct
Ridgefield, WA 98642

Lennar 158 Reviews

Cloverhill

888-307-6992

$412,900

3 Br | 2.5 Ba | 2 Gr
1,394 sq. ft.

Whistler - Alpine Village: Vancouver, Oregon - Taylor Morrison

Ready to Build

Whistler

Vancouver, WA 98665

Taylor Morrison

Alpine Village

888-237-1770

$499,990

3 Br | 2.5 Ba | 2 Gr
1,614 sq. ft.

Estacada - 5th Plain Creek Station: Vancouver, Oregon - LGI Homes

Ready to Build

Plan Viewer

Estacada

Vancouver, WA 98682

LGI Homes

5th Plain Creek Station

888-368-5820

$404,900

3 Br | 2.5 Ba | 2 Gr
1,580 sq. ft.

Carlton - Mt Solo Place: Longview, Oregon - Lennar

Ready to Build

Carlton

Longview, WA 98632

Lennar 158 Reviews

Mt Solo Place

888-326-5141

$468,900

3 Br | 2 Ba | 2 Gr
1,574 sq. ft.

Celeste - North Bethany Crest - Townhome Series: Portland, Oregon - Taylor Morrison

Available Now

Virtual Tour

Celeste

15832 NW Sparks Lane
Portland, OR 97229

Taylor Morrison

North Bethany Crest - Townhome Series

888-323-7155

$449,990

2 Br | 2.5 Ba | 2 Gr
1,391 sq. ft.

Cypress - Baker Creek - The Opal Collection: Mcminnville, Oregon - Lennar

Now Building

Cypress

2626 NW Alfred Dr
Mcminnville, OR 97128

Lennar 158 Reviews

Baker Creek - The Opal Collection

$490,400

3 Br | 2.5 Ba | 2 Gr
2,061 sq. ft.

Ferndale - Innovate Condominiums: Tigard, Oregon - Taylor Morrison

Now Building

Ferndale

14478 SW 165th Avenue
Tigard, OR 97224

Taylor Morrison

Innovate Condominiums

888-292-3096

$484,990

3 Br | 2.5 Ba | 1 Gr
1,625 sq. ft.

Burton - Reed's Crossing - The Heritage Collection: Hillsboro, Oregon - Lennar

Available Now

Burton

3851 SE Hematite Ln
Hillsboro, OR 97123

Lennar 158 Reviews

Reed's Crossing - The Heritage Collection

888-531-5020

$479,900

3 Br | 2.5 Ba | 2 Gr
1,542 sq. ft.

Baker - Sunset Village: Gresham, Oregon - LGI Homes

Ready to Build

Plan Viewer

Baker

Gresham, OR 97080

LGI Homes

Sunset Village

888-581-0244

$489,900

3 Br | 2.5 Ba | 2 Gr
1,472 sq. ft.

Sidney - Farmstead Crossing - The Meadows Collection: Forest Grove, Oregon - Lennar

Now Building

Sidney

3673 Fieldstone St
Forest Grove, OR 97116

Lennar 158 Reviews

Farmstead Crossing - The Meadows Collection

888-263-7680

$444,400

3 Br | 2.5 Ba | 2 Gr
1,968 sq. ft.

Grier - Scholls Valley Heights – Townhomes: Beaverton, Oregon - David Weekley Homes

Ready to Build

Deal

Grier

Beaverton, OR 97007

David Weekley Homes

Scholls Valley Heights – Townhomes

$494,990

3 Br | 2.5 Ba | 2 Gr
1,679 sq. ft.

Marquam - Reed's Crossing - The Bridges Series: Hillsboro, Oregon - David Weekley Homes

Available Now

Marquam

8114 SE Blanton Street
Hillsboro, OR 97123

David Weekley Homes

Reed's Crossing - The Bridges Series

2 Br | 2.5 Ba | 1 Gr
1,376 sq. ft.

Waverly - Innovate Condominiums at Lolich Farms: Beaverton, Oregon - Taylor Morrison

Ready to Build

Virtual Tour

Waverly

Beaverton, OR 97007

Taylor Morrison

Innovate Condominiums at Lolich Farms

888-284-1033

$444,990

3 Br | 2 Ba | 1 Gr
1,228 sq. ft.

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Portland & Vancouver features many of the best homes builders and new construction home designs in Oregon. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Portland & Vancouver has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Portland & Vancouver area. In fact, there are 412 new homes for sale in Portland & Vancouver with a good selection of cheaper homes starting at under $500K.

How to Find Homes in Portland & Vancouver 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.