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Homes Under $500,000 in Enterprise, Utah
Enterprise sits in western Washington County along Highway 18 and State Route 219, roughly 40 minutes from St. George and about 35 from Cedar City's southern edge. At around 5,300 feet, it runs cooler than the St. George valley: summer highs sit in the 90s rather than 100s, and winters bring real frost and occasional snow. For most of the market, $500K covers a lot here. Typical buyers find newer three- and four-bedroom homes on town lots, older ranch-style houses, and some small-acreage parcels with room for horses, a shop, or a garden.
Prices in Enterprise have historically run well below St. George, which is why many buyers here are remote workers, retirees, and families who want land without Washington City or Hurricane pricing. Kids attend Washington County School District schools, including Enterprise Elementary and Enterprise High, and the town stays small and quiet. Enterprise Reservoir and the Pine Valley Mountains are close for fishing, ATV riding, and hunting. Many lots are larger than what the same money buys on the Wasatch Front, though some properties rely on well or secondary irrigation water, so it pays to ask early. Browse the active listings below to see which homes under $500K are on the market right now.
October 2026 · Enterprise market
Live from the Utah MLS — what's actually happening in Enterprise right now.
Median sale
—
3 closed in October 2026
Median DOM
70 days
listing → contract
Sale-to-list
—
of final list price
Unsold inventory
23
active + pending
19 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Enterprise.
What kind of home does $500K buy in Enterprise? ▾
Under $500K in Enterprise typically covers 3-4 bedroom single-family homes on standard lots, older farmhouses on an acre or two, and newer builds in the small subdivisions north and east of town. Some properties at the upper end of this range include shop space, fenced pasture, or water shares — features that would cost considerably more closer to St. George.
How does Enterprise pricing compare to St. George and Cedar City? ▾
Enterprise generally runs 15-30% below comparable homes in St. George and roughly in line with or slightly under Cedar City for similar square footage. The trade-off is distance: it's about 45 minutes northwest of St. George on SR-18, so buyers are paying less per square foot in exchange for a longer commute and a small-town setting at roughly 5,300 feet elevation.
Are there many homes for sale in Enterprise at any given time? ▾
Enterprise is a small town of about 1,700 residents, so active inventory is thin — often only a handful of listings under $500K at once. Homes that are priced right and in good condition tend to move quickly, especially anything with acreage or outbuildings. Setting up MLS alerts is the practical way to track new listings here.
Can I get land with the house in this price range? ▾
Yes, and it's one of the reasons buyers look at Enterprise specifically. Properties on half an acre to a full acre show up regularly under $500K, and occasionally larger parcels with water rights make it into this bracket. Check whether irrigation shares convey — they add real value in this agricultural community.
What's the climate like at Enterprise's elevation? ▾
Enterprise sits around 5,300 feet, so it has four real seasons — cold, snowy winters and mild summers that rarely top the mid-90s. That's a meaningful difference from St. George's desert heat 45 minutes south, and it affects everything from heating costs to landscaping choices. Buyers coming from lower elevations should plan for winter driving on SR-18.
Is financing straightforward on rural Enterprise properties? ▾
Most in-town homes finance with standard conventional or FHA loans without issue. Properties with significant acreage, agricultural use, or older manufactured homes can require USDA Rural Development loans or specialty lenders — Enterprise qualifies for USDA's rural housing program, which can mean zero down for eligible buyers. Talk to a local lender early if the property has any unusual features.