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Homes Under $500,000 in Grace, Utah
Grace sits in the northern reaches of Cache Valley, a farming town along the Bear River where irrigation pivots and dairy operations still shape the local economy. Home prices here have always run well below the Wasatch Front, and that gap holds even now — a $500K budget in Grace covers a lot more than it would in Logan, Providence, or anywhere near the Utah State campus. Buyers moving here are usually after acreage, quiet, and a slower pace, not a short commute to an office park, and the inventory reflects that: older farmhouses on a few acres, newer builds on half-acre-plus lots, and the occasional hobby farm with outbuildings already in place.
Under $500K in Grace typically means single-family homes with three to five bedrooms, some updated and some needing work, plus a meaningful share of properties with barns, shops, or pasture attached. Winters are cold and snowy this far north in the valley, so buyers should factor in heating costs and check on well versus municipal water and septic versus sewer before falling in love with a listing. Because Grace is a small market, the number of active listings at any given time is limited, and pricing can swing based on acreage and outbuildings more than square footage alone. Browse the active listings below to see what's currently on the market.
July 2026 · Grace market
Live from the Utah MLS — what's actually happening in Grace right now.
Median sale
$265,000
1 closed in July 2026
Median DOM
—
listing → contract
Sale-to-list
91.4%
of final list price
Unsold inventory
5
active + pending
9 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.