The Gungnir is well over the OP's stated budget.
The thing with Schiit is, marketing, advertising and customer service all cost serious money that then HAS TO be added to the cost of each unit they sell. They can charge much less than competitors because of this. Although being that they are made in the US, costs of production would be more expensive than China.
As an aside, China has now stopped all canola shipments from Canada(my country) because their main cell phone manufacturer CEO was arrested in Canada and is being held for the USA for breaking laws WRT business with Iran. China has started leaning on smaller countries like Australia, Canada, etc, and of course the US. I'm starting to rethink buying China made goods when I can. Everyone has to make their own choice on this.
Anyway, I've owned the Modi, Bifrost and now Gungnir, all in the multibit design. They are excellent dacs at their price points. I would suggest that the Gungnir's detail retrieval may be glossed over by inferior budget gear that can't reproduce it.
I had the Bifrost for about 2 years, and I could have stayed there, but upgraded the preamp and speakers and thought I'd try it out. The multibits do need to stay on for best performance.