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Homes Under $300,000 in Elwood, Utah
Elwood sits in northern Box Elder County, a few minutes west of Tremonton along the Bear River valley, and it is one of the few places along the northern Wasatch Front area where a sub-$300K purchase still means a real lot. Most of the town is rural residential: older ranch-style houses, manufactured homes on permanent foundations, and small farm parcels with room for a shop, garden, or a few animals. Inventory is thin because the town is small, so the under-$300K group tends to include fixer-uppers, older single-level homes, and the occasional manufactured home on an acre or more.
The draw is simple. Elwood prices run well below Cache Valley and Davis County, yet Tremonton's grocery stores, Box Elder School District schools, and I-15 access are close. Logan is roughly 35 minutes away, Ogden about 40, and Salt Lake City around an hour and fifteen minutes. Winters are colder and windier than the Wasatch Front's, and summers are hot and dry, so insulation, well and septic condition, and irrigation water rights deserve attention on any budget purchase. Many local buyers work at Tremonton-area manufacturers, in agriculture, or at the Promontory and Brigham City employment base. Browse the active listings below to see what's currently on the market under $300K.
October 2026 · Elwood market
Live from the Utah MLS — what's actually happening in Elwood right now.
Median sale
—
4 closed in October 2026
Median DOM
65 days
listing → contract
Sale-to-list
—
of final list price
Unsold inventory
13
active + pending
8 matching · page 1 of 1
Active listings
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Common questions
About homes under $300k in Elwood.
How many homes under $300K are typically available in Elwood at any given time? ▾
Elwood is small, so inventory at this price point is usually thin — often just a handful of active listings, and sometimes zero. Setting up an MLS alert is the most practical way to catch new listings, since well-priced homes here often go under contract within a week.
What kind of home can I realistically expect for under $300K in Elwood? ▾
Most often a 1,000–1,600 sq ft rambler from the 1970s–80s, a manufactured home on owned land, or an older two- or three-bedroom home on a larger lot. Move-in-ready new construction is rare under $300K here; expect to budget for updates like flooring, paint, or HVAC.
Are manufactured homes in Elwood eligible for conventional financing? ▾
Yes, if the home is on a permanent foundation, the land is deeded with the home (not leased), and it meets HUD code (post-June 1976). FHA and VA both finance manufactured homes that meet those criteria, and conventional lenders will too, though rates and down payment requirements vary by lender.
Do homes in this price range usually come with acreage? ▾
Often yes — quarter-acre to one-acre lots are common, and some listings under $300K include up to two or three acres, especially older properties on the edges of town. Larger parcels with irrigation shares or outbuildings tend to push above $300K quickly.
What are property taxes like in Elwood? ▾
Box Elder County property tax rates run roughly 0.6%–0.7% of assessed value for primary residences (which get a 45% exemption under Utah's residential rules). On a $280,000 home, expect annual taxes in the $1,100–$1,400 range, give or take based on the specific tax district.
Is Elwood a good fit for buyers commuting to Ogden or Salt Lake? ▾
It works better for Ogden commuters (about 35–40 minutes via I-15) than Salt Lake (75+ minutes each way). Most buyers here either work locally in Tremonton/Brigham City, at the ATK/Northrop Grumman facilities west of town, or are remote workers trading commute time for affordability and land.