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Homes Under $500,000 in Elsinore, Utah
Elsinore sits in Sevier County along Highway 118, a few minutes from Richfield and about a two-hour drive south of the Salt Lake valley on I-15. It's ranching and farming country, with the Sevier River running through town and the Fishlake National Forest rising to the east. Lot sizes here run bigger than what you'd find in Richfield or along the Wasatch Front, and it's common to find a half-acre to acre-plus parcel with room for animals, a shop, or a garden. Under $500K in Elsinore usually means a solid single-story home on real acreage, not a compromise on space.
Because Sevier County's overall price levels run well below the state median, $500K stretches a long way here — this budget typically covers updated 3-4 bedroom homes, some newer manufactured and modular construction on owned land, and the occasional small hobby farm with outbuildings. Employment in the area centers on agriculture, Sevier Valley Hospital, the Richfield school district, and commuters heading to Sevier County's industrial and service jobs. Winters bring real snow and cold snaps, so heating systems and insulation are worth a close look on older properties. Browse the active listings below to see what's currently on the market in this price range.
June 2026 · Elsinore market
Live from the Utah MLS — what's actually happening in Elsinore right now.
Median sale
$357,000
2 closed in June 2026
Median DOM
16 days
listing → contract
Sale-to-list
102.8%
of final list price
Unsold inventory
5
active + pending
14 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Elsinore.
How many homes under $500K are typically active in Elsinore at one time? ▾
Elsinore is a small market, so active inventory under $500K usually sits somewhere between two and ten homes. New listings can sit for weeks or move in days depending on condition and acreage, so setting up an MLS alert is the most reliable way to catch them.
What does $500K actually buy in Elsinore? ▾
At the top of this range you can usually get a 3-4 bedroom home on a half-acre to full acre, often with a detached shop, outbuildings, or irrigation water. Below $350K you are more often looking at older farmhouses needing updates or manufactured homes on owned land.
Do homes in Elsinore usually come with irrigation water or water shares? ▾
Many of the larger-lot properties carry shares in the Elsinore Canal Company or Sevier Valley irrigation systems, which is a real value-add for pasture, gardens, or livestock. Always confirm shares transfer with the deed — they sometimes stay with the seller and need to be negotiated separately.
Are USDA Rural Development loans an option here? ▾
Yes. Elsinore's population and location put it inside USDA-eligible territory, so qualified buyers can often finance with zero down through the Single Family Housing Guaranteed Loan program. This is a meaningful tool under $500K since income limits in Sevier County are reasonable.
How are property taxes in Sevier County compared to the Wasatch Front? ▾
Sevier County's effective property tax rates run lower than Salt Lake, Utah, or Davis counties. On a $400,000 primary residence with the residential exemption, annual taxes typically land in the $1,400-$1,900 range depending on the specific tax district.
What's the commute situation for buyers working in Richfield? ▾
Richfield is about 7 miles north on US-89, roughly a 10-12 minute drive. Sevier Valley Hospital, Intermountain clinics, Snow College Richfield, and most retail are all in that corridor, which is why Elsinore works well as a quieter bedroom community for Richfield workers.