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Chicago Homes Under $200k

Chicago features many of the best home builder communities in Illinois, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Chicago has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Chicago area. In fact, there are 102 communities and 82 builders in Chicago with homes starting at under $200K.

How to Find Homes in Chicago For Less Than $200K?

Many builders recognize there is growing demand in the Chicago area for homes under the $200k 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.

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            102 Communities

            Quick Move-In Hot Deals

            Autumn Creek Townes by Pulte Homes

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            Autumn Creek Townes by Pulte Homes in Chicago Illinois
            homes in Autumn Creek Townes by Pulte Homes
            Pulte Homes in Yorkville, IL

            From $166,990 - $197,326

            1439 Crimson Lane
            Yorkville, IL 60560

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            Builder Community
            3 homes match your search

            • Offers

            Country Club Hills by Lennar

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            Country Club Hills by Lennar in Chicago Illinois
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            Lennar in Volo, IL

            From $148,990 - $198,990

            1832 Alta Drive
            Volo, IL 60020

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            Builder Community
            8 homes match your search

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            Stonegate Townhomes by Lennar

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            Stonegate Townhomes by Lennar in Chicago Illinois
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            Lennar in Manhattan, IL

            From $163,990 - $193,455

            24717 McCormick Way
            Manhattan, IL 60442

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            Builder Community
            10 homes match your search

            • Offers

            Lakewood Springs by M/I Homes

            Lakewood Springs by M/I Homes in Chicago Illinois
            homes in Lakewood Springs by M/I Homes
            M/I Homes in Plano, IL

            From $199,490 - $232,990

            3908 Carey Street
            Plano, IL 60545

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            Builder Community
            1 home matches your search

            Stonegate Duplex by Lennar

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            Stonegate Duplex by Lennar in Chicago Illinois
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            Lennar in Manhattan, IL

            From $178,985 - $199,990

            24717 McCormick Way
            Manhattan, IL 60442

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            Builder Community
            8 homes match your search

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            Other Builders

            Saddlebrook Farms

            Saddlebrook Farms by Saddlebrook Farms Development in Chicago Illinois

            From $91,500 - $238,000

            Map

            Round Lake, IL 60073 - Saddlebrook Farms Development

            Builder Community

            20 homes in this community match your search

            200 North Dearborn

            200 North Dearborn by American Invsco in Chicago Illinois

            From $135,000 - $296,000

            Map

            Chicago, IL 60601 - American Invsco

            Builder Community

            1 home in this community match your search

            Mallinckrodt In The Park

            Mallinckrodt In The Park by Pickus Companies in Chicago Illinois

            From $199,000 - $545,000

            Map

            Wilmette, IL 60091 - Pickus Companies

            Builder Community

            1 home in this community match your search

            Liberty Trails

            Liberty Trails by Gerstad Builders in Chicago Illinois

            From $186,990 - $320,000

            Map

            McHenry, IL 60050 - Gerstad Builders

            Builder Community

            2 homes in this community match your search

            Western Trail

            Western Trail by T.J. Cachey Builders in Chicago Illinois

            From $189,900 - $255,900

            Map

            Manhattan, IL 60442 - T.J. Cachey Builders

            Builder Community

            1 home in this community match your search

            Top New Home Cities in Chicago

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            CityCommunitiesAverage New Home Price
            Naperville8$548,464
            Plainfield8$336,165
            Joliet7$260,921
            Yorkville7$261,420
            Hawthorn Woods6$479,768
            Elgin6$374,399
            Manhattan4$236,657
            Lemont4$510,567
            Aurora4$278,752
            Volo4$240,250
            Shorewood4$308,631
            Montgomery4$282,937

            New Homes in Chicago by Region

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            RegionCommunitiesAverage New Home Price
            Downtown Chicago 112$1,179,000
            North Chicago 12$437,000
            Northwest Chicago 8$467,000
            South Chicago 35$355,000
            Southwest Chicago 145$453,000
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