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Homes Under $500,000 in Grantsville, Utah
Grantsville sits at the western edge of Tooele County, about 40 minutes from downtown Salt Lake City and a straight shot down SR-138 to I-80. That commute distance is exactly why the city has become a landing spot for buyers priced out of the Salt Lake Valley: you can still find a newer three or four-bedroom home on a quarter-acre lot here for under $500K, something that's nearly impossible in Draper or Sandy anymore. New subdivisions off Worthington Road and near Cherry Street have brought a steady supply of 2015-and-newer construction into this price range, alongside older ranch-style homes closer to Grantsville's original townsite that offer bigger lots and mature trees.
Tooele County's lower property tax rates and Grantsville's smaller-town feel — irrigation ditches, horse properties mixed in with subdivisions, a Main Street that still functions as one — are part of the draw, along with easy access to Deseret Peak Complex and the Great Salt Lake Marina in nearby Tooele. Employers in the area include the Tooele Army Depot, Deseret Peak's industrial parks, and a growing number of warehouse and logistics operations along I-80, so a lot of shoppers here are dual-income households commuting toward the Salt Lake Valley or working locally in Tooele County. At this price point you'll typically be choosing between an entry-level new build with a smaller lot or an older home with more square footage and yard space. Browse the active listings below to see what's currently on the market.
July 2026 · Grantsville market
Live from the Utah MLS — what's actually happening in Grantsville right now.
Median sale
$464,900
13 closed in July 2026
Median DOM
28 days
listing → contract
Sale-to-list
101.3%
of final list price
Unsold inventory
164
active + pending
65 matching · page 1 of 3
Active listings
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Common questions
About homes under $500k in Grantsville.
What kind of home does $500,000 actually buy in Grantsville right now? ▾
Most listings under $500K are 3-4 bedroom homes between 1,800 and 3,200 finished square feet, usually built after 2005 in one of the newer subdivisions on the south and east sides of town. Expect a two-car garage, a quarter-acre lot give or take, and often an unfinished basement. Older homes closer to Main Street sometimes come with larger lots and irrigation water but need more updating.
How long is the commute from Grantsville to Salt Lake City? ▾
Door-to-door it runs about 45-55 minutes to downtown Salt Lake in normal traffic, and roughly 35-40 minutes to the SLC airport. The bottleneck is I-80 between Lake Point and the airport during morning rush. UTA also runs the 451 express bus from Tooele that some Grantsville residents drive to.
Are there new construction homes available under $500K in Grantsville? ▾
Yes, though the inventory shifts month to month. Builders like Visionary, Ivory, and Hamlet Homes have all had product in Grantsville recently, and base-model 3-bedroom plans frequently price in the $430-$490K range. Lot premiums and upgrades can push them over $500K quickly, so it's worth asking what's included in the base price.
Do homes in Grantsville come with water rights or irrigation shares? ▾
Many of the older properties and some larger-lot homes include Grantsville Irrigation Company shares, which matter if you want to water a pasture, garden, or large yard without running culinary water. Newer subdivision homes typically do not include shares. Always confirm what conveys on the title commitment before closing.
How are property taxes in Grantsville compared to the rest of Utah? ▾
Tooele County's effective tax rate runs slightly higher than Salt Lake County, generally in the 0.7%-0.9% range on a primary residence after the homeowner exemption. On a $475,000 home that works out to roughly $1,850-$2,300 per year. Non-primary-residence properties lose the 45% exemption and pay nearly double.
Is the under-$500K market in Grantsville competitive? ▾
It depends on rates. When mortgage rates dip into the low 6s or below, well-priced homes under $500K often see multiple offers within a week. When rates climb, days-on-market stretches past 45-60 days and sellers become more willing to cover closing costs or buy down the rate.