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Homes Under $300,000 in Cedar City, Utah
Cedar City is one of the last spots along the I-15 corridor where a sub-$300K budget still buys an actual house with a yard. At 5,800 feet of elevation, the town runs cooler than St. George — four real seasons, snow in winter, mild summers in the 80s — and that climate, plus Southern Utah University, the regional hospital, and the Utah Shakespeare Festival, keeps demand steady without the price spikes you see 50 miles south. Homes under $300K here usually mean older single-family ramblers on the west side, townhomes and condos near SUU, manufactured homes on owned land, or the occasional fixer in Enoch just north of town.
This price range draws a specific mix of buyers: first-timers using FHA or USDA loans (much of the area around Cedar City qualifies as rural), SUU parents buying instead of paying four years of dorm rent, retirees downsizing from the Wasatch Front, and investors who like Cedar's steady rental pool. Iron County property taxes are low, utilities are reasonable, and the airport in St. George plus the SLC drive (about 3.5 hours) keep the town connected without the traffic. Inventory under $300K moves quickly when it's priced right, so it helps to have financing lined up before you tour. Browse the active listings below to see what's currently on the market in Cedar City under $300,000.
May 2026 · Cedar City market
Live from the Utah MLS — what's actually happening in Cedar City right now.
Median sale
$510,000
45 closed in May 2026
Median DOM
38 days
listing → contract
Sale-to-list
98.5%
of final list price
Unsold inventory
370
active + pending
225 matching · page 7 of 10
Active listings
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Common questions
About homes under $300k in Cedar City.
What kind of home can I actually get under $300K in Cedar City? ▾
Most sub-$300K listings are older 2-3 bedroom homes on the west and north sides of town, smaller patio homes, manufactured homes on owned land, or townhomes and condos closer to Southern Utah University. Single-family detached homes under $300K typically run 900-1,400 square feet and were built between the 1950s and early 2000s. Move-in-ready new construction at this price point is rare since lot costs alone often push builders past $350K.
Are there many homes under $300K on the Cedar City MLS right now? ▾
Inventory in this price band fluctuates with interest rates, but it's the most competitive segment in town. When rates spike, the under-$300K pool shrinks because sellers hold off, and when investor activity picks up around SUU, condos and small homes move within days. Checking the active count on this page gives you the real-time number.
Can I buy a rental property under $300K near Southern Utah University? ▾
Yes — older homes and condos within a few blocks of the SUU campus (roughly between 200 North and 600 South, west of Main) are the classic Cedar City rental play. Two-bedroom condos in complexes like Stadium Park or near the Aquatic Center often list in the $200Ks. Verify the HOA's rental cap before writing an offer; several complexes limit the percentage of non-owner-occupied units.
What loan programs work well at this price point in Cedar City? ▾
USDA Rural Development loans are a big deal here — most of Iron County outside Cedar City's core qualifies for zero-down USDA financing, and even some edges of town are eligible. FHA and VA both work cleanly under $300K, and Utah Housing Corporation down-payment assistance is commonly stacked with FHA for first-time buyers in this range.
What are property taxes and utilities like on a sub-$300K Cedar City home? ▾
Iron County property taxes run roughly 0.6% of assessed value on a primary residence, so a $275K home lands around $1,650/year. Winter heating bills are the bigger budget item — Cedar City sits at 5,800 feet and sees real winters, so expect $150-$250/month in gas heat from December through February on an older, less-insulated home.
Should I expect deferred maintenance on homes in this price range? ▾
Plan on it. Many sub-$300K Cedar City homes still have original roofs, single-pane windows, or 30+ year-old furnaces. A thorough inspection plus a sewer scope on anything built before 1980 is money well spent, and lenders on FHA/VA loans will flag peeling paint, missing handrails, and roof life under three years.