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Homes Under $500,000 in Annabella, Utah
Annabella is a small farming town tucked into the Sevier Valley just south of Richfield, and the under-$500K price band is where most of its real estate activity actually happens. This is central Utah, not the Wasatch Front — elevation around 5,300 feet, cold winters with real snow, hot dry summers, and night skies dark enough to see the Milky Way from the front yard. Buyers shopping this range are usually a mix of locals upgrading from a starter home, retirees leaving the I-15 corridor for something quieter, and remote workers who've figured out that a paycheck from Salt Lake or Las Vegas stretches a long way in Sevier County.
What $500K buys here looks nothing like what it buys in Lehi or St. George. Expect three- and four-bedroom homes on generous lots, often with mature trees, irrigation shares, room for a shop, and views of the Pahvant and Tushar ranges. Some listings include small pasture or hobby-farm setups; older homes in town tend to sit on quarter- to half-acre lots within walking distance of the elementary school. Commute-wise, Richfield is five minutes north for groceries, the hospital, and the high school, and I-70 puts Capitol Reef and the Fishlake forests within an easy weekend reach. Browse the active listings below to see what's currently on the market in Annabella under $500,000.
May 2026 · Annabella market
Live from the Utah MLS — what's actually happening in Annabella right now.
Median sale
$342,000
1 closed in May 2026
Median DOM
24 days
listing → contract
Sale-to-list
95.5%
of final list price
Unsold inventory
2
active + pending
9 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Annabella.
How much house does $500K actually buy in Annabella? ▾
In Annabella, $500K typically lands you a 3-4 bedroom home on a larger lot, often with outbuildings, water shares, or pasture space — things that would cost double along the Wasatch Front. Newer builds and homes with acreage push toward the top of that budget, while older farmhouses and modest ramblers sit well below it.
Are there many active listings under $500K in Annabella right now? ▾
Annabella is a small town of roughly 800 people, so inventory is thin — often just a handful of homes on the market at any given time. The listings below reflect what's currently active on the Sevier County MLS, and turnover can happen quickly when something well-priced hits.
Does $500K typically include irrigation water or acreage in Annabella? ▾
Often yes. Many Annabella properties come with shares in the local irrigation company, which is a real value-add for anyone wanting a garden, horses, or a few head of livestock. Always confirm water shares transfer with the sale — they don't always — and check the share count against your intended use.
What are property taxes like on a sub-$500K home here? ▾
Sevier County has some of the lower effective property tax rates in Utah, and a primary residence in Annabella generally runs well under 1% of assessed value after the residential exemption. On a $450K home that often pencils out to roughly $1,800-$2,200 annually, though the county assessor's site has the exact parcel figures.
How's the commute from Annabella to jobs in Richfield or beyond? ▾
Richfield sits about 7 miles north on US-89 — a 10-12 minute drive — and that's where most residents work, shop, and access the regional hospital. I-70 is just past Richfield for anyone heading to Salina, Green River, or over to the Wasatch Front via I-15, which is roughly a 2.5 hour run to Provo.
Is financing a rural Annabella home any different than a suburban purchase? ▾
It can be. USDA Rural Development loans are available in Annabella and offer 0% down for qualified buyers, which is a real tool at this price point. Properties with significant acreage, outbuildings, or agricultural use sometimes need a lender comfortable with rural appraisals — worth lining up early.