Jul 24, 2026

7 US Cities Where You Can Still Buy a New Construction Home Under $300K

Written by Gabrielle Olya

Edited by Brendan McGinley

7 US Cities Where You Can Still Buy a New Construction Home Under $300K

Buying a newly built home often means paying a significant premium.

While the typical U.S. home sells for $357,000, the median price of a new construction home has climbed to $409,565, according to Clever Real Estate. Despite those higher prices, a handful of cities still offer newly built homes for less than $300,000 — a rarity in today's housing market. These cities are clustered in Southern markets, where lower land and development costs continue to help keep home prices below national averages.

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In these seven cities, you can buy a newly built home for under $300,000 — though they are still priced higher than homes overall.

1. McAllen, Texas

Median price for new homes: $263,000
Median price for all homes: $228,500
Price gap: $34,500

2. Columbia, South Carolina

Median price for new homes: $281,596
Median price for all homes: $255,750
Price gap: $25,846

3. Killeen, Texas

Median price for new homes: $291,975
Median price for all homes: $254,000
Price gap: $37,975

4. Baton Rouge, Louisiana

Median price for new homes: $294,479
Median price for all homes: $264,000
Price gap: $30,479

5. San Antonio

Median price for new homes: $295,950
Median price for all homes: $295,000
Price gap: $950

6. El Paso, Texas

Median price for new homes: $296,130
Median price for all homes: $242,000
Price gap: $54,130

7. Little Rock, Arkansas

Median price for new homes: $298,625
Median price for all homes: $229,950
Price gap: $68,675

This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.

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Written by

Gabrielle Olya

Edited by

Brendan McGinley