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Homes Under $500,000 in Grantsville, Utah
Grantsville sits in Tooele Valley about 35 miles west of Salt Lake City, and for years it's been the place buyers head when prices along the Wasatch Front stop making sense. Under $500K here still buys real square footage — three- and four-bedroom homes on lots that would cost twice as much in Herriman or Lehi, often with room for a garden, a shop, or a couple of horses if you're outside city limits. The town itself is small (population around 13,000), with a working-ranch history, a tight-knit feel around Main Street, and quick access to the Bonneville Salt Flats, Stansbury Mountains, and the new Tesla and Stadler manufacturing campuses out at Lake Point.
What buyers in this price range tend to find: older homes on big lots closer to the original townsite, plus newer subdivision builds on the east and south edges of town where Grantsville has expanded toward Stansbury Park. Commutes to downtown SLC run 40-55 minutes depending on the I-80 traffic at Lake Point, and the airport is about 35 minutes out. Winters bring real snow and inversion days; summers are dry and hot but cooler than St. George. Tooele County schools serve the area, and Grantsville High has deep roots in the community. Active inventory under $500K moves quickly when something well-priced hits the market, so it's worth checking back often. Browse the current listings below to see what's available in Grantsville right now.
May 2026 · Grantsville market
Live from the Utah MLS — what's actually happening in Grantsville right now.
Median sale
$629,000
29 closed in May 2026
Median DOM
26 days
listing → contract
Sale-to-list
98.5%
of final list price
Unsold inventory
127
active + pending
51 matching · page 2 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.