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New Construction Homes Under $300K in Norfolk & Newport News, VA

6 Homes

Under Construction

From $269,900

3 Br | 2.5 Ba | 1,638 sq ft

1715 Teton Circle. Suffolk, VA 23435

Chesapeake Homes

From $299,900

2 Br | 2 Ba | 1,320 sq ft Hot Deal

The Rowen | Chesapeake, VA

Dragas Companies

Under Construction

From $269,900

3 Br | 2.5 Ba | 1,638 sq ft

1711 Teton Circle. Suffolk, VA 23435

Chesapeake Homes

Under Construction

From $289,900

3 Br | 2.5 Ba | 1,638 sq ft

1719 Teton Circle. Suffolk, VA 23435

Chesapeake Homes

Under Construction

From $289,900

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1501 Waitsel Drive 206. Chesapeake, VA 23320

Dragas Companies

Under Construction

From $269,900

3 Br | 2.5 Ba | 1,638 sq ft

1707 Teton Circle. Suffolk, VA 23435

Chesapeake Homes

Under Construction

$20,000

From $299,900 $319,900

2 Br | 2 Ba | 1,316 sq ft Hot Deal

1505 Waitsel Drive 207. Chesapeake, VA 23320

Dragas Companies

From $274,900

2 Br | 2 Ba | 1,290 sq ft Hot Deal

The Addison | Chesapeake, VA

Dragas Companies

Under Construction

From $99,000

223 St Cuthbert. Williamsburg, VA 23188

Ford's Colony Realty

Under Construction

From $229,000

105 Harlech. Williamsburg, VA 23188

Ford's Colony Realty

Under Construction

From $299,900

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1501 Waitsel Drive 304. Chesapeake, VA 23320

Dragas Companies

Under Construction

$15,000

From $295,570 $310,570

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1744 Vankar Drive 303. Virginia Beach, VA 23456

Dragas Companies

Under Construction

$20,000

From $274,900 $294,900

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1505 Waitsel Drive 203. Chesapeake, VA 23320

Dragas Companies

Under Construction

$15,000

From $297,365 $312,365

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1509 Waitsel Drive. Chesapeake, VA 23320

Dragas Companies

Under Construction

From $292,455

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1744 Vankar Drive 305. Virginia Beach, VA 23456

Dragas Companies

Under Construction

$15,000

From $290,570 $305,570

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1744 Vankar Drive 203. Virginia Beach, VA 23456

Dragas Companies

Under Construction

$20,000

From $279,900 $299,900

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1505 Waitsel Drive 103. Chesapeake, VA 23320

Dragas Companies

Under Construction

$20,000

From $292,095 $312,095

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1505 Waitsel Drive 105. Chesapeake, VA 23320

Dragas Companies

From $290,570

2 Br | 2 Ba | 1,290 sq ft Hot Deal

The Addison | Virginia Beach, VA

Dragas Companies

Under Construction

$20,000

From $287,095 $307,095

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1505 Waitsel Drive 303. Chesapeake, VA 23320

Dragas Companies

Under Construction

From $109,000

105 Stone Bridge. Williamsburg, VA 23188

Ford's Colony Realty

Under Construction

$20,000

From $284,900 $304,900

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1505 Waitsel Drive 305. Chesapeake, VA 23320

Dragas Companies

Under Construction

From $289,900

3 Br | 2.5 Ba | 1,638 sq ft

1703 Teton Circle. Suffolk, VA 23435

Chesapeake Homes

Under Construction

$20,000

From $274,900 $294,900

2 Br | 2 Ba | 1,293 sq ft Hot Deal

1505 Waitsel Drive 205. Chesapeake, VA 23320

Dragas Companies

Under Construction

From $95,000

114 Burnham. Williamsburg, VA 23188

Ford's Colony Realty

From $292,990

2 Br | 2.5 Ba | 1,532 sq ft

Carrollton, VA 23314

Franciscus Homes

From $284,990

2 Br | 2 Ba | 1,265 sq ft

Carrollton, VA 23314

Franciscus Homes

From $264,990

1 Br | 2 Ba | 1,206 sq ft

Carrollton, VA 23314

Franciscus Homes

From $277,990

2 Br | 2 Ba | 1,353 sq ft

Carrollton, VA 23314

Franciscus Homes

Under Construction

From $299,900

4 Br | 2.5 Ba

445 Honaker Ave. Virginia Beach, VA 23455

L.R. Hill Custom Builders

From $284,900

3 Br | 2 Ba | 1,920 sq ft

1539 Wilcox Avenue. Portsmouth, VA 23704

From $287,565

2 Br | 2 Ba | 1,420 sq ft

262 Falcon Avenue. Portsmouth, VA 23701

From $251,500

1 Br | 1 Ba | 877 sq ft

7416 Sinclair Way. Gloucester, VA 23061

From $134,800

3 Br | 2 Ba

8156 Carrie Ln 78. Hayes, VA 23072

From $269,900

3 Br | 2 Ba | 1,200 sq ft

519 Kissimmee Avenue. Suffolk, VA 23434

From $284,900

4 Br | 3 Ba | 1,520 sq ft

833 A Avenue. Norfolk, VA 23504

From $139,800

3 Br | 2 Ba

4006 Emilys Way Emilys Way 37. Hayes, VA 23072

From $286,900

3 Br | 2 Ba | 1,397 sq ft

1017 White Marsh Road. Suffolk, VA 23434

From $289,000

3 Br | 2 Ba | 2,200 sq ft

626 Battery Avenue. Suffolk, VA 23434

From $299,000

3 Br | 2 Ba | 1,467 sq ft

37479 Blue Crab Way. Belle Haven, VA 23306

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Market Snapshot

New Homes in Norfolk-Newport News by Region

RegionHomesAverage New Home Price
East Norfolk 156$136,000
South Norfolk 221$274,000
West Norfolk 236$192,000

Top New Home Cities in Norfolk-Newport News

CityHomesAverage New Home Price
Williamsburg96$505,041
Suffolk93$499,954
Chesapeake89$568,292
Virginia Beach64$607,137
Hampton51$504,478
Newport News45$490,606
Carrollton38$505,683
Windsor38$505,686
Yorktown36$505,817
Toano16$428,561
Smithfield13$529,922

Norfolk & Newport News features many of the best homes builders and new construction homes in Virginia, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Norfolk & Newport News has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Norfolk & Newport News area. In fact, there are 65 new homes for sale in Norfolk & Newport News with a good selection of cheaper homes starting at under $300K.

How to Find Homes in Norfolk & Newport News For Less Than $300K?

Many builders recognize there is growing demand in the Norfolk & Newport News area for homes under the $300k 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 may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.