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Homes Under $500,000 in Kimball Junction, Utah
Kimball Junction sits at the top of Parley's Canyon where I-80 meets SR-224, which makes it the practical gateway to Park City and one of the shortest commutes in the Wasatch Back to Salt Lake International — roughly 25 minutes on a clear day. Under $500K in this market means you're shopping condos and townhomes almost exclusively. Communities like Bear Hollow, Newpark Terrace, Silver Springs, Fox Point, and Sun Peak make up most of the inventory at this price, with unit sizes generally running from studios up through two-bedroom layouts. Single-family detached homes below half a million are essentially gone from this corridor; when one surfaces it's typically a smaller older property needing work.
The trade-off for the price ceiling is location. You're 10 minutes from the Canyons Village base, walking distance to Whole Foods and the Redstone shops, and inside Park City School District boundaries — Trailside Elementary, Ecker Hill Middle, and Park City High all serve this area. Winters bring 300+ inches of snow at the resorts and reliably cold nights down on the valley floor, so HOA coverage for snow removal and exterior maintenance matters more here than it would in St. George or Lehi. Short-term rental rules vary block by block, so verify nightly-rental eligibility with the HOA before counting on income. Browse the active listings below to see what's currently available under $500K in Kimball Junction.
March 2026 · Kimball Junction market
Live from the Utah MLS — what's actually happening in Kimball Junction right now.
Median sale
$1,000,000
1 closed in March 2026
Median DOM
195 days
listing → contract
Sale-to-list
96.3%
of final list price
Unsold inventory
—
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Kimball Junction.
What kind of home can I actually get under $500K in Kimball Junction? ▾
Realistically, the sub-$500K bracket here is almost entirely condos and townhomes — think one and two-bedroom units in communities like Bear Hollow, Sun Peak, Newpark, or Silver Springs. Single-family homes at this price are rare and usually need significant updating. Inventory turns over fast, especially in shoulder seasons between ski and summer.
Why are prices so high in Kimball Junction compared to the rest of Summit County? ▾
Kimball Junction sits at the I-80 and SR-224 interchange, putting it 25 minutes from Salt Lake International and 10 minutes from Park City Mountain and Deer Valley. That access, plus the Canyons Village base area and the Utah Olympic Park next door, drives both second-home demand and full-time buyer competition.
Can I use a sub-$500K condo as a short-term rental? ▾
It depends on the HOA and the zoning overlay. Some Snyderville Basin communities allow nightly rentals, others require 30-day minimums, and a few prohibit short-term use entirely. Always pull the CC&Rs and check with Summit County before assuming rental income potential.
What are HOA fees like in this price range? ▾
Condo HOAs in Kimball Junction commonly run $400-$700 per month and often cover exterior maintenance, snow removal, trash, and sometimes water or cable. Higher-amenity communities with pools, hot tubs, or shuttles to the ski resorts can push higher. Factor that into your monthly affordability math.
Which school district serves Kimball Junction? ▾
The area is part of Park City School District, with most homes feeding into Trailside Elementary, Ecker Hill Middle, and Park City High. The district consistently ranks among Utah's top performers, which is a meaningful piece of the resale story even on smaller condos.
How fast do listings under $500K move here? ▾
Well-priced condos at this level typically go under contract in two to four weeks, sometimes faster during peak ski-season showings in December and January. Properties that linger usually have an HOA issue, a rental restriction, or deferred maintenance — worth asking about before you write an offer.