bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $300,000 in Fayette, Utah
Fayette is one of Sanpete County's smallest towns, sitting at the south end of the valley near Gunnison Reservoir, about two hours south of Salt Lake City and roughly 25 minutes from Manti. The population hovers around 250 people, the elevation is just over 5,100 feet, and the surrounding landscape is working farmland, alfalfa fields, and grazing pasture backed by the Gunnison Plateau. Buyers shopping under $300K here are usually looking at older farmhouses on irrigated acreage, modest ranch-style homes built between the 1950s and 1990s, manufactured homes on permanent foundations, or building lots with culinary water and power already pulled to the property line. It's a rural market, so listings turn over slowly and inventory is often in the single digits across all of Sanpete County's smaller towns combined.
At this price point in Fayette, expect to trade square footage and finishes for land, quiet, and lower property taxes than anything along the Wasatch Front. Many sub-$300K properties include outbuildings, water shares from the Gunnison Irrigation Company, or room for horses and chickens — things that would cost two or three times as much in Utah County. The trade-offs are real: the nearest full-service grocery is in Gunnison or Ephraim, winters bring genuine cold and snow at this elevation, and commute distances to Provo or Nephi run 60–90 minutes. Browse the active listings below to see what's currently available in and around Fayette in this price range.
March 2026 · Fayette market
Live from the Utah MLS — what's actually happening in Fayette right now.
Median sale
$230,000
1 closed in March 2026
Median DOM
10 days
listing → contract
Sale-to-list
92.4%
of final list price
Unsold inventory
1
active + pending
2 matching · page 1 of 1
Active listings
Prefer the map?
See all 2 homes under $300k on a map
Pan around Fayette and refine by drawing your own boundary.
Common questions
About homes under $300k in Fayette.
What kind of homes can I actually get under $300K in Fayette? ▾
Most sub-$300K listings in Fayette are older single-family homes between 1,000 and 1,800 square feet, often on a quarter-acre to a full acre. You'll also see manufactured homes on owned land and the occasional fixer-upper farmhouse with outbuildings. Brand-new construction at this price is rare because lot prep, well, and septic costs add up quickly in rural Sanpete County.
How many homes under $300K are typically active in Fayette at one time? ▾
Fayette is small enough that there are often zero to three active MLS listings in town on any given week. Most buyers expand the search to include Gunnison, Centerfield, Axtell, and Mayfield to get a workable list. The page below pulls live MLS data, so the count reflects what's actually for sale right now.
Do homes in this price range usually come with water rights or irrigation shares? ▾
Some do, especially older properties on the edges of town that historically ran livestock or grew alfalfa. Shares through the Gunnison Irrigation Company are the most common, and they transfer separately from the deed, so always confirm in writing what's included before going under contract.
Is septic and well standard out here, or is there city water? ▾
Fayette town has a culinary water system that serves homes inside the town boundary, but properties on the outskirts often rely on private wells. Septic systems are the norm across the board — there's no municipal sewer. Budget for a septic inspection during due diligence; replacement runs $8,000–$15,000 if the system is failing.
What are property taxes like on a sub-$300K home in Fayette? ▾
Sanpete County property taxes are among the lower rates in Utah. On a $275,000 primary residence with the owner-occupied exemption, annual taxes typically land in the $1,000–$1,400 range, which is roughly half of what a similarly priced home would pay in Utah or Salt Lake County.
How long is the commute to Provo, Nephi, or Richfield from Fayette? ▾
Nephi is about 45 minutes north via Highway 28, Richfield is roughly an hour south on I-70, and Provo runs 75–90 minutes depending on weather and canyon traffic. Most working buyers in this price range either commute to Gunnison, work locally in agriculture, or work remotely — daily Wasatch Front commutes are tough year-round.