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Homes Under $500,000 in Highland, Utah
Highland sits at the base of the Wasatch Range along the Alpine-Highland bench, and it's never been a budget market — most of the city was built out in the 1990s and 2000s with larger lots and custom-style homes aimed at move-up buyers from American Fork and Lehi. That makes homes under $500K genuinely scarce here. When they do show up, they're typically condos and townhomes in developments like the ones near Highland Glen Park, older single-family homes on smaller in-fill lots, or the occasional starter property that hasn't been updated in a while. Detached homes with acreage or new construction almost never land in this price band.
Buyers watching this price point in Highland are usually competing with Lehi and American Fork shoppers who've been priced out of those cities too, so listings under $500K move fast once they hit the MLS — sometimes within days. Alpine School District boundaries, proximity to the Point of the Mountain tech corridor, and easy access to Timpanogos Highway (SR-92) keep demand steady even for smaller units. If you're working with this budget, it helps to get a saved search running and be ready to see a property the day it's listed rather than waiting for an open house. Browse the active listings below to see what's currently on the market.
August 2026 · Highland market
Live from the Utah MLS — what's actually happening in Highland right now.
Median sale
$1,091,250
10 closed in August 2026
Median DOM
8 days
listing → contract
Sale-to-list
93.7%
of final list price
Unsold inventory
73
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Highland.
Are there many homes under $500K in Highland? ▾
Inventory under $500K in Highland is tight. The city's median sits well above that mark, so most options at this price point are townhomes, condos, or smaller single-family homes on modest lots. New listings in this range tend to move within a couple of weeks.
What kind of home can I actually get for under $500K here? ▾
Expect townhomes in communities like The Cove or Highland Cove, older single-level homes built in the 1990s on quarter-acre lots, or the occasional fixer needing updates. Larger 4-bedroom homes with basements in this range are rare and usually need cosmetic work.
Which school district serves Highland? ▾
Highland is part of the Alpine School District. Kids typically attend Highland Elementary, Mountain Ridge Junior High, and Lone Peak High School, all of which carry strong reputations and factor heavily into local home values.
How close is Highland to Silicon Slopes job centers? ▾
Highland sits about 10-15 minutes from Lehi's Silicon Slopes corridor along I-15 and Pioneer Crossing, and roughly 35 minutes to downtown Salt Lake City. The commute access is a big reason prices in this small city stay elevated compared to neighboring areas.
Should I consider nearby cities if nothing under $500K fits? ▾
Yes — Lehi, Saratoga Springs, Eagle Mountain, and parts of American Fork and Pleasant Grove offer more sub-$500K inventory while keeping you close to the same schools, employers, and Wasatch foothill access. Townhomes in those areas often give more square footage for the money.
Are HOA fees common in this price range? ▾
Most homes under $500K in Highland are in townhome or PUD communities with HOA dues, typically running $150-$300 per month. Detached homes without an HOA do exist at this price point but tend to be older and sell quickly.