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Homes Under $500,000 in Draper, Utah
Draper's median home price has climbed well past $600K over the last few years, pushed up by SunCrest's mountain-view builds, the Suncrest/Traverse Ridge master-planned communities, and the tech jobs at Sorenson, Fusion-io, and the Silicon Slopes corridor along the I-15 frontage. That makes anything under $500K a genuinely competitive corner of the market here — mostly condos and townhomes in developments like Draper Peak, Vintage at Suncrest, or the older Bella Fontaine and Ridgeline complexes, plus the occasional dated single-family home on a smaller lot near Fort Street or the Draper Historic District. These aren't the mountainside estates Draper is known for, but they put buyers inside the Corner Canyon High School boundary, a short TRAX ride from downtown Salt Lake, and minutes from the Point of the Mountain business park.
Inventory in this price band moves fast and turns over unevenly — a townhome might list on Monday and be under contract by the weekend, especially anything with a two-car garage or main-floor living. Buyers should expect HOA dues in the $150-$350/month range on most of these properties, which cover exterior maintenance, landscaping, and often a community pool or clubhouse. Older detached homes near the base of the valley occasionally slip under $500K when they need cosmetic work, so a flexible buyer willing to update paint and flooring can still land a yard and a driveway in Draper proper. Browse the active listings below to see what's currently on the market.
July 2026 · Draper market
Live from the Utah MLS — what's actually happening in Draper right now.
Median sale
$713,500
25 closed in July 2026
Median DOM
26 days
listing → contract
Sale-to-list
98.3%
of final list price
Unsold inventory
197
active + pending
28 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.