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Investment Properties for Sale in Elsinore, Utah
Elsinore sits in Sevier County along Highway 118, a small farming and ranching town of a few hundred people about ten minutes from Monroe and fifteen from Richfield. It's not a place most out-of-state investors have heard of, which is exactly why the numbers work. Homes here often trade in the $150,000 to $280,000 range, well below Richfield or anything near I-70, and property taxes stay low because Sevier County assessments haven't caught up to the price run-ups seen along the Wasatch Front. Rental demand comes from a mix of agricultural workers, Richfield-based employers like the hospital and Sevier Valley Center, and people priced out of Richfield itself who don't mind the short commute. Lot sizes tend to run larger than city subdivisions, which matters if a buyer wants room for a shop, RV parking, or a small hobby farm alongside a rental.
Cash flow is the main draw rather than appreciation, since Elsinore isn't on anyone's growth-corridor map the way St. George or Cedar City are. That said, older single-family homes and the occasional duplex or small multi-unit do come up, and well water rights or irrigation shares attached to a property can add real value for a buyer thinking about a tenant who wants garden space or livestock. Because inventory is thin, a property that's priced right and in decent condition tends to move fast, so it helps to already know your financing and target numbers before you start touring. Browse the active listings below to see what's currently on the market.
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
2 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Elsinore.
What kind of rental income can I expect on a single-family home in Elsinore? ▾
Long-term rents in Elsinore and neighboring Joseph, Monroe, and Central Valley typically run $1,200–$1,700 for a 3-bedroom house, depending on condition and acreage. Tenants are usually tied to Richfield employers, the school district, or local agriculture. Vacancy is low but tenant turnover can be slow simply because the rental pool is small.
Are short-term rentals viable in Elsinore? ▾
STR demand is seasonal and modest. Travelers passing through on I-70, hunters in the fall, and snowmobilers heading to Fishlake make up most of the bookings. Sevier County is more permissive than resort counties, but expect occupancy well below what Moab or Washington County properties produce — most investors here run long-term instead.
Do investment properties in Elsinore usually include water shares? ▾
Many do, especially parcels with any acreage. Elsinore Irrigation Company shares and Monroe-South State Canal shares are the common ones, and they're typically conveyed with the deed but should always be confirmed in the title work. Shares add real value if you plan to lease ground for hay or run a few head.
What's the property tax situation for non-owner-occupied homes? ▾
Utah taxes non-primary residences at 100% of assessed value versus 55% for a primary residence, so a rental's tax bill is meaningfully higher than the owner-occupied number on the listing. Sevier County's overall rates are still low compared to Salt Lake or Utah counties — budget roughly 1.1%–1.3% of assessed value annually on an investment property.
How does financing work on rural Elsinore properties? ▾
Conventional investor loans work fine on standard single-family homes inside town limits. Once you add significant acreage, outbuildings, or agricultural use, lenders often push you toward farm credit products through Zions Ag Finance or American AgCredit. Cash and 1031 exchange buyers are common here and tend to win competitive deals.
Is appreciation realistic in a town this small? ▾
Elsinore appreciates more slowly and steadily than Wasatch Front markets — no dramatic spikes, but also less correction risk. Most investors here underwrite to cash flow first and treat appreciation as a bonus. The wildcard is geothermal and agricultural land value, which has been creeping up as Sevier County attracts more energy-related interest.