Iomega announced today a new low cost line of home network storage solutions. The new Home Network Hard Drives are available in 320GB, 360GB, and 500GB capacities.

The new network drives are built using 10/100 Ethernet technology and include the Ethernet cable you will need to connect the drive to your home network. All the drives also have an 8MB cache. The big news with these network hard drives is the price.

Iomega is bringing all three of these network drives to consumers for under $200. The 500GB Home Network Hard Drive is available now for $199, the 320GB drive is also available now for $149, and the 360GB version will be available in late September for $149. All three drives will be Windows, Mac, and Linux compatible.