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Chicago Homes Under $250k

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 209 communities and 135 builders in Chicago with homes starting at under $250K.

How to Find Homes in Chicago For Less Than $250K?

Many builders recognize there is growing demand in the Chicago area for homes under the $250k 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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            209 Communities

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            Talamore Townhomes by Lennar

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            Talamore Townhomes by Lennar in Chicago Illinois
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            Lennar in Huntley, IL

            From $219,990 - $284,620

            8927 Disbrow St.
            Huntley, IL 60142

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            7 homes match your search

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            Hunter's Ridge by Lennar

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            Hunter's Ridge by Lennar in Chicago Illinois
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            Lennar in Joliet, IL

            From $211,490 - $268,490

            8601 Buckingham Road
            Joliet, IL 60431

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            3 homes match your search

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            Windett Ridge by Lennar

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            Windett Ridge by Lennar in Chicago Illinois
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            Lennar in Yorkville, IL

            From $216,490 - $266,990

            3280 Huntington Lane
            Yorkville, IL 60560

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            3 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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            10 homes match your search

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            Meadows at Balmorea by Ryan Homes

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            Ryan Homes in Montgomery, IL

            From $229,990 - $256,990

            3469 Big Bend Drive
            Montgomery, IL 60538

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            3 homes match your search

            Whisper Glen by Meadowbrook Builders

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            Meadowbrook Builders in Plainfield, IL

            From $244,990 - $329,990

            6704 Whisper Glen Drive
            Plainfield, IL 60586

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            1 home matches your search

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            Prairie Ridge by Ryan Homes

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            Ryan Homes in Hampshire, IL

            From $229,990 - $269,990

            541 Wild Prairie Pointe
            Hampshire, IL 60140

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            3 homes match 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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            7 homes match your search

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            North Hansel Estates by M/I Homes

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            M/I Homes in Channahon, IL

            From $243,990 - $296,880

            26518 W. Old Stage Lane
            Channahon, IL 60410

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            1 home matches your search

            Lakewood Springs by M/I Homes

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            M/I Homes in Plano, IL

            From $199,490 - $229,990

            3908 Carey Street
            Plano, IL 60545

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            8 homes match your search

            Top New Home Cities in Chicago

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            CityCommunitiesAverage New Home Price
            Naperville8$553,094
            Plainfield8$336,165
            Yorkville7$261,491
            Joliet7$260,921
            Hawthorn Woods6$479,768
            Elgin6$374,399
            Manhattan4$236,657
            Aurora4$278,752
            Volo4$240,250
            Shorewood4$308,631
            Lemont4$510,567
            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$362,000
            Southwest Chicago 145$454,000
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