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Homes Under $500,000 in Eagle Mountain, Utah
Eagle Mountain sits on the west side of Utah Lake in northern Utah County, and it's one of the few Wasatch Front cities where the sub-$500K bracket still holds real inventory. The city has grown fast on the back of Facebook's (Meta's) data center, Tyson Foods, and an easy commute up Pioneer Crossing to Lehi's Silicon Slopes tech corridor — roughly 20 minutes to Adobe, Microsoft, and the Thanksgiving Point campus. Under $500K you're typically looking at townhomes in City Center and Silver Lake, smaller single-family homes in older sections of Ranches, and newer-build townhomes from Fieldstone, D.R. Horton, and Lennar in Sweetwater and the SR-73 corridor. Most homes in this price band land between 1,400 and 2,200 finished square feet, often with an unfinished basement that lets buyers build sweat equity later.
Buyers shopping this range should weigh commute distance carefully — Eagle Mountain is geographically large and a home in Overland adds 15+ minutes versus one near Pony Express Parkway. Property taxes run roughly 0.6% of assessed value, HOA dues on townhomes typically fall between $90 and $180 monthly, and Alpine School District serves the entire city (with the district split vote still in play for future boundaries). Inventory in this price tier moves faster than the luxury segment, especially for anything under 1,800 sq ft with a two-car garage. Browse the active listings below to see what's currently on the market under $500K in Eagle Mountain.
May 2026 · Eagle Mountain market
Live from the Utah MLS — what's actually happening in Eagle Mountain right now.
Median sale
$513,734
108 closed in May 2026
Median DOM
25 days
listing → contract
Sale-to-list
99.6%
of final list price
Unsold inventory
527
active + pending
202 matching · page 4 of 9
Active listings
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Common questions
About homes under $500k in Eagle Mountain.
What type of home can I actually get under $500K in Eagle Mountain? ▾
Most sub-$500K listings are either newer townhomes (1,400–1,800 sq ft, 3 bed / 2.5 bath) in Sweetwater, Silver Lake, or City Center, or older single-family homes in the original Ranches area built between 2003 and 2012. Newer single-family builds in this range usually come with unfinished basements, which is how builders keep the entry price below $500K.
How does Eagle Mountain compare to Saratoga Springs or Lehi at this price point? ▾
Eagle Mountain is consistently the most affordable of the three. A comparable townhome in Saratoga Springs typically runs $30K–$60K more, and Lehi has very little inventory under $500K outside of older condos. The tradeoff is a longer commute to I-15 and fewer retail amenities, though Smith's, Harmons-adjacent shopping, and the new Pony Express commercial corridor have filled in considerably.
Are there new construction homes available under $500K? ▾
Yes, primarily townhomes and the smallest single-family floor plans from D.R. Horton, Fieldstone, and Lennar. Builders periodically run incentives — rate buydowns in the high 5s are common — which can stretch buying power. Standalone new single-family homes under $500K are rarer and usually require choosing the base elevation on a smaller lot.
What are property taxes and HOA fees like in this price range? ▾
Property taxes in Eagle Mountain run about 0.55%–0.65% of assessed value annually, so roughly $2,400–$3,000 on a $475K home. Townhome HOAs typically charge $90–$180 per month and cover front-yard landscaping, exterior maintenance, and sometimes internet. Single-family HOAs, where they exist, are usually $25–$60 monthly and cover community parks or trails.
How long does a home under $500K typically sit on the market here? ▾
This is the most active price tier in Eagle Mountain. Well-priced homes in good condition typically go under contract within 10–25 days, faster in spring. Overpriced listings or homes in the farther-out Overland area can sit 45+ days, which sometimes creates negotiating room on price or closing costs.
What's the commute reality from Eagle Mountain to Silicon Slopes or Salt Lake? ▾
From central Eagle Mountain to Lehi's tech corridor it's 18–25 minutes via Pioneer Crossing outside of rush hour, and 30–40 minutes during peak times. To downtown Salt Lake City plan on 45–60 minutes. Homes near Pony Express Parkway and SR-73 have the shortest commutes; Overland and the far west add meaningful drive time.