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, IL Homes Under $400K!

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            71 Communities

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            Aspire at Ashley Pointe by K. Hovnanian® Homes in Chicago Illinois
            homes in Aspire at Ashley Pointe by K. Hovnanian® Homes
            homes in Aspire at Ashley Pointe by K. Hovnanian® Homes

            Aspire at Ashley Pointe

            Community by K. Hovnanian® Homes

            2061 Wren Road
            Yorkville, IL 60560

            K. Hovnanian® Homes Read Reviews

            888-473-8402

            Prairie Commons - Traditional Townhomes by Lennar in Chicago Illinois
            homes in Prairie Commons - Traditional Townhomes by Lennar
            homes in Prairie Commons - Traditional Townhomes by Lennar
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            Prairie Commons - Traditional Townhomes

            Community by Lennar

            1601 Carlstedt Dr.
            Batavia, IL 60510

            Lennar Read Reviews

            224-293-0474

            Meadows at Balmorea by Ryan Homes in Chicago Illinois
            homes in Meadows at Balmorea by Ryan Homes
            homes in Meadows at Balmorea by Ryan Homes
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            Meadows at Balmorea

            Community by Ryan Homes

            3475 Big Bend Drive
            Montgomery, IL 60538

            Ryan Homes

            877-823-0286

            Highland Woods Ranch Homes by Ryan Homes in Chicago Illinois
            homes in Highland Woods Ranch Homes by Ryan Homes
            homes in Highland Woods Ranch Homes by Ryan Homes
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            Highland Woods Ranch Homes

            Community by Ryan Homes

            802 Bradbury Lane
            Elgin, IL 60124

            Ryan Homes

            888-294-8896

            Raintree Village - Duplex by Lennar in Chicago Illinois
            homes in Raintree Village - Duplex by Lennar
            homes in Raintree Village - Duplex by Lennar
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            Raintree Village - Duplex

            Community by Lennar

            1324 Hawk Hollow Drive
            Yorkville, IL 60560

            Lennar Read Reviews

            224-293-0646

            Raintree Village - Single Family by Lennar in Chicago Illinois
            homes in Raintree Village - Single Family by Lennar
            homes in Raintree Village - Single Family by Lennar
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            Raintree Village - Single Family

            Community by Lennar

            2125 Tremont Avenue
            Yorkville, IL 60560

            Lennar Read Reviews

            224-293-4587

            Westminster Gardens by M/I Homes in Chicago Illinois
            homes in Westminster Gardens by M/I Homes
            homes in Westminster Gardens by M/I Homes
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            Westminster Gardens

            Community by M/I Homes

            21405 S. Prairie Landing Lane
            Shorewood, IL 60404

            M/I Homes

            630-423-5938

            Woodlore Estates - Townhomes by Lennar in Chicago Illinois
            homes in Woodlore Estates - Townhomes by Lennar
            homes in Woodlore Estates - Townhomes by Lennar
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            Woodlore Estates - Townhomes

            Community by Lennar

            1011 River Birch Blvd
            Crystal Lake, IL 60012

            Lennar Read Reviews

            224-231-5133

            Lakewood Springs Club by M/I Homes in Chicago Illinois
            homes in Lakewood Springs Club by M/I Homes
            homes in Lakewood Springs Club by M/I Homes
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            Lakewood Springs Club

            Community by M/I Homes

            910 Freeman Street
            Plano, IL 60545

            M/I Homes

            630-352-4458

            Andare at Remington Pointe North by Lennar in Chicago Illinois
            homes in Andare at Remington Pointe North by Lennar
            homes in Andare at Remington Pointe North by Lennar
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            Andare at Remington Pointe North

            Community by Lennar

            1832 Alta Drive
            Volo, IL 60020

            Lennar Read Reviews

            224-293-0458

            Stonegate Duplex by Lennar in Chicago Illinois
            homes in Stonegate Duplex by Lennar
            homes in Stonegate Duplex by Lennar
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            Stonegate Duplex

            Community by Lennar

            24718 McCormick Way
            Manhattan, IL 60442

            Lennar Read Reviews

            224-293-0639

            Lansdowne by Pulte Homes in Chicago Illinois
            homes in Lansdowne by Pulte Homes
            homes in Lansdowne by Pulte Homes

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            Lansdowne

            Community by Pulte Homes

            127th Street, 1/2 Mile East of Route 59
            Plainfield, IL 60585

            Pulte Homes Read Reviews

            888-248-7515

            Trillium Farm by Pulte Homes in Chicago Illinois
            homes in Trillium Farm by Pulte Homes
            homes in Trillium Farm by Pulte Homes

            Trillium Farm

            Community by Pulte Homes

            Purnell Road, South of Garys Mill Road
            Winfield, IL 60190

            Pulte Homes Read Reviews

            888-376-3955

            Hidden River by Pulte Homes in Chicago Illinois
            homes in Hidden River by Pulte Homes
            homes in Hidden River by Pulte Homes
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            Hidden River

            Community by Pulte Homes

            16401 Hidden River Circle
            Plainfield, IL 60586

            Pulte Homes Read Reviews

            888-554-1495

            Crossings of Mundelein - Urban Townhomes by Lennar in Chicago Illinois
            homes in Crossings of Mundelein - Urban Townhomes by Lennar
            homes in Crossings of Mundelein - Urban Townhomes by Lennar
            Special Offers

            Crossings of Mundelein - Urban Townhomes

            Community by Lennar

            2721 Fieldcrest Drive
            Mundelein, IL 60060

            Lennar Read Reviews

            224-365-8286

            Ashford Place by Olthof Homes in Chicago Illinois
            homes in Ashford Place by Olthof Homes
            homes in Ashford Place by Olthof Homes

            Ashford Place

            Community by Olthof Homes

            2214 Daly Lane
            Plainfield, IL 60586

            Olthof Homes

            815-313-4123

            Emerson Park by M/I Homes in Chicago Illinois
            homes in Emerson Park by M/I Homes
            homes in Emerson Park by M/I Homes

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            Emerson Park

            Community by M/I Homes

            4306 Monroe Avenue
            Naperville, IL 60564

            M/I Homes

            630-243-4487

            Prairie Ridge by Ryan Homes in Chicago Illinois
            homes in Prairie Ridge by Ryan Homes
            homes in Prairie Ridge by Ryan Homes
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            Prairie Ridge

            Community by Ryan Homes

            491 East Meadowdale Circle
            Hampshire, IL 60140

            Ryan Homes

            888-244-4526

            Briargate by Pulte Homes in Chicago Illinois
            homes in Briargate by Pulte Homes
            homes in Briargate by Pulte Homes

            Briargate

            Community by Pulte Homes

            US Route 45 and Deer Trail Drive
            Lindenhurst, IL 60046

            Pulte Homes Read Reviews

            888-226-4980

            Canterbury Townes by Ryan Homes in Chicago Illinois
            homes in Canterbury Townes by Ryan Homes
            homes in Canterbury Townes by Ryan Homes

            Coming Soon

            Canterbury Townes

            Community by Ryan Homes

            181 Canterbury Way
            Lake Zurich, IL 60047

            Ryan Homes

            888-235-0797

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            New Home Cities in Chicago

            CityCommunitiesAverage New Home Price
            Plainfield10$396,426
            Yorkville6$333,662
            Naperville4$514,899
            Elgin4$433,954
            Joliet4$328,620
            Huntley3$385,842
            McHenry3$355,198
            Aurora3$302,452
            Mundelein3$332,275
            Crystal Lake3$375,279
            Manhattan3$286,609
            South Elgin3$380,775

            New Homes in Chicago by Region

            RegionCommunitiesAverage New Home Price
            Downtown Chicago 65$1,164,000
            North Chicago 10$489,000
            Northwest Chicago 3$477,000
            South Chicago 27$397,000
            Southwest Chicago 111$456,000

            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 has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the area. In fact, there are 71 communities and 14 builders in with homes starting at under $400K.

            How to Find Homes in For Less Than $400K?

            Many builders recognize there is growing demand in the area 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 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.