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Homes Under $500,000 in Grace, Utah
Grace sits just across the Utah line in Caribou County, Idaho — worth noting up front, because buyers searching "Grace, Utah" are usually looking at this small farming town on the Bear River about 30 miles south of Soda Springs and roughly two hours north of Logan. Under $500K covers the bulk of what trades hands here: older farmhouses on large lots, mid-century ranchers in town, newer manufactured homes on an acre or two, and the occasional updated three-bedroom near Grace High School. The local economy runs on agriculture, the PacifiCorp hydro plants on the Bear River, and commuters who drive to Soda Springs or Pocatello, so housing demand stays steady but inventory is genuinely thin — sometimes only a handful of active listings at any given time.
What buyers get for under half a million in Grace is space and quiet that Wasatch Front shoppers can't touch at the same number: detached shops, irrigation shares, room for horses or a few head of cattle, and night skies dark enough to actually see the Milky Way. Winters are cold (single digits aren't unusual in January) and the growing season is short, so pay attention to heating systems, well depth, and outbuilding insulation when you tour. Black Canyon, Niter Ice Cave, and the Bear River itself are minutes away for fishing and hiking. Browse the active listings below to see what's currently on the market under $500K.
May 2026 · Grace market
Live from the Utah MLS — what's actually happening in Grace right now.
Median sale
$705,000
1 closed in May 2026
Median DOM
257 days
listing → contract
Sale-to-list
95.9%
of final list price
Unsold inventory
4
active + pending
6 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Grace.
What does $500K actually buy in Grace? ▾
At this price point you can find a 3-4 bedroom home in town on a standard lot, a updated older farmhouse on 1-5 acres, or a newer build on a smaller parcel. Larger acreage properties (10+ acres) with a livable home occasionally fall under $500K but tend to need work or sit further out toward Niter or Turner.
Is Grace in Utah or Idaho? ▾
Grace is actually in Caribou County, Idaho, just north of the Utah state line. It often shows up in Utah-focused searches because Cache Valley and Logan-area buyers regularly cross the border for more land and lower prices, and some MLS feeds pull the area in.
Are most homes in this price range on well and septic? ▾
Anything outside Grace city limits is almost always private well and septic. Homes inside town typically connect to municipal water and sewer. Either way, get the well tested for flow and potability and the septic inspected during your due diligence period.
How's the commute to Logan or Salt Lake City? ▾
Logan runs about 75-90 minutes south via US-91 through Preston. Salt Lake City is roughly 2.5 hours, and Pocatello is about an hour north. Plan on winter driving conditions from late November through March — the canyon stretches can get icy.
Can I get a conventional mortgage on rural Grace properties? ▾
Yes, though properties with significant acreage, outbuildings, or agricultural use sometimes appraise better with USDA Rural Development loans or local Idaho lenders familiar with farm-adjacent properties. Manufactured homes need to be on permanent foundations and titled as real property to qualify for most conventional financing.
How much inventory is typically active under $500K in Grace? ▾
Grace is a small market — often only a handful of homes are active at any given time across all price points. Under $500K covers most of what lists here, so the count fluctuates seasonally with more activity from spring through early fall.