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Homes Under $500,000 in Grace, Utah
Grace sits in Caribou County, Idaho's neighbor to the north in Bear River Valley country, but this page covers Grace, Utah-area searches, so expect a small-town, rural market rather than a Wasatch Front suburb. In a place like this, $500K goes a long way. Buyers commonly see older farmhouses, ranch-style homes on a few acres, and modest newer builds, often with room for a shop, garden, or animals. Inventory is thin, so only a handful of homes may be active at any time, and well-priced ones move quickly.
Winters here are real: cold, snowy, and long, with the valley seeing heavy snowfall and subzero stretches. Summers are warm and dry, with open views of farmland and surrounding hills. Salt Lake City is roughly two and a half hours south, so most buyers are local, working in agriculture, trades, or nearby employers, or remote workers who want land and quiet. Check heating type, well or municipal water, septic, and road maintenance in winter, since those details affect cost more than square footage does. Lot size and outbuildings often separate similarly priced homes. Browse the active listings below to see what's currently on the market under $500K.
September 2026 · Grace market
Live from the Utah MLS — what's actually happening in Grace right now.
Median sale
—
3 closed in September 2026
Median DOM
111 days
listing → contract
Sale-to-list
—
of final list price
Unsold inventory
2
active + pending
3 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.