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Homes Under $500,000 in Draper, Utah
Draper sits at the south end of the Salt Lake Valley where the Wasatch meets Traverse Ridge, and it's one of the harder cities along the Wasatch Front to crack under $500K. The median sale price has hovered well above that mark for years, so inventory in this range tends to be townhomes, condos, and the occasional smaller single-family home in older pockets near Draper Park or along 1300 East. SunCrest, Suncrest Ridge, and the newer Highland-style subdivisions up on the bench almost always trade higher, but attached product in communities like Draper Village, South Mountain, and the corridors near the FrontRunner station regularly lists in the $380K–$490K window.
What you get for the money in Draper is location: roughly 20 minutes to downtown Salt Lake, 25 to the airport, and direct access to I-15, Bangerter, and the Silicon Slopes job corridor in Lehi and Bluffdale. Corner Canyon trails, Draper Cycle Park, and the Corner Canyon High boundary are real draws for buyers willing to trade square footage for the address. Expect townhomes in the 1,400–2,000 sq ft range, HOA dues that cover exterior and landscaping, and tighter competition during spring and early summer when Silicon Slopes hiring picks up. Browse the active listings below to see what's currently on the market under $500K in Draper.
May 2026 · Draper market
Live from the Utah MLS — what's actually happening in Draper right now.
Median sale
$758,500
42 closed in May 2026
Median DOM
8 days
listing → contract
Sale-to-list
99.8%
of final list price
Unsold inventory
165
active + pending
42 matching · page 1 of 2
Active listings
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Common questions
About homes under $500k in Draper.
Can I actually buy a single-family home in Draper under $500K? ▾
It's rare but not impossible. Most detached homes at this price are older 1970s and 80s ramblers on smaller lots in the eastern bench neighborhoods, and they usually need cosmetic updates. The bulk of sub-$500K inventory is townhomes and condos.
What HOA fees should I expect in this price range? ▾
Draper townhome and condo HOAs typically run $150 to $300 per month. That usually covers exterior maintenance, landscaping, snow removal, and sometimes water or trash. Always pull the HOA financials and reserve study before closing — a few older complexes in the city have had special assessments for siding or roof replacement.
Which school district serves homes in this price range? ▾
Draper is split between Canyons School District (most of the city) and Alpine School District (the SunCrest area on top of Traverse Ridge). Canyons schools like Draper Elementary, Oak Hollow, and Corner Canyon High consistently rank among the strongest in the state, which is a real draw at this entry price point.
How's the commute to Silicon Slopes and downtown Salt Lake? ▾
Lehi's tech corridor is a 10-15 minute drive south on I-15 outside rush hour. Downtown Salt Lake runs about 25 minutes via I-15 or roughly 40 minutes on FrontRunner from the Draper station. The Point of the Mountain stretch can back up significantly during peak commute times, especially northbound mornings.
Are new construction townhomes available under $500K in Draper? ▾
Occasionally, but new-build townhomes in Draper have largely pushed past $500K over the last few years. You're more likely to find new construction in this price range one city south in Bluffdale or Lehi. In Draper itself, expect resale units built between 2000 and 2018.
Is the SunCrest area a good option in this price band? ▾
SunCrest sits on top of Traverse Mountain at around 6,200 feet, so winters are noticeably colder and snowier than down in the valley — figure on 10-15 degrees cooler and longer plowing seasons. Condos there sometimes fall under $500K and come with trail access and Wasatch views, but the drive down the canyon road is a real consideration in storms.