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Homes Under $300,000 in Magna, Utah
Magna sits at the west end of the Salt Lake Valley, tucked between the Oquirrh Mountains and the Great Salt Lake, and it remains one of the last places on the Wasatch Front where $300,000 still buys a real house rather than a condo or a fixer with a laundry list of deferred repairs. Original townsite homes from the 1910s-1940s mix with 1970s-80s ranch and split-entry construction throughout neighborhoods like Magna Central, Pheasant Brook, and the streets off 8400 West near Cyprus High School. Kennecott's Bingham Canyon Mine still anchors a lot of local employment, and Magna's proximity to I-80 and the Mountain View Corridor keeps commutes into Salt Lake City or out to Tooele under 30 minutes, which is part of why entry-level pricing here has held steady even as the rest of the valley has climbed out of reach for first-time buyers.
Under $300K in Magna typically means a 3-bedroom, 1-2 bath home in the 900-1,400 square foot range, sometimes with an unfinished basement offering room to grow, and lot sizes that run larger than newer subdivisions closer to Salt Lake City proper. Some of these properties need cosmetic updates - paint, flooring, an older furnace - while others have been well maintained by longtime owners and are simply priced for what Magna's market will bear rather than what a Sugar House or Millcreek address would command. FHA and VA financing both work well on most of this inventory since values sit comfortably under conforming loan limits. Browse the active listings below to see what's currently on the market.
June 2026 · Magna market
Live from the Utah MLS — what's actually happening in Magna right now.
Median sale
$444,900
31 closed in June 2026
Median DOM
19 days
listing → contract
Sale-to-list
99.3%
of final list price
Unsold inventory
115
active + pending
12 matching · page 1 of 1
Active listings
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Common questions
About homes under $300k in Magna.
What kind of homes can I actually get in Magna under $300K? ▾
At this price point in Magna, expect older single-family homes built between the 1940s and 1970s, condos and townhomes in newer developments off 3500 South, and the occasional manufactured home on its own lot. Square footage usually runs 800-1,400, often with detached garages and large mature trees. Move-in-ready listings move fast; most options need cosmetic updates.
Is Magna a reasonable commute to downtown Salt Lake City? ▾
Yes. Magna sits about 17 miles west of downtown SLC, and the drive runs 20-30 minutes on I-80 or SR-201 outside of rush hour. The UTA 248 bus connects Magna to the TRAX Green Line, which adds a transit option for downtown workers without a second car.
What's driving the sub-$300K inventory in Magna? ▾
Magna has historically been one of Salt Lake County's most affordable communities thanks to its blue-collar roots tied to the Kennecott copper mine and Rio Tinto operations. Smaller lot sizes, older housing stock, and its west-valley location keep prices lower than Murray, Sandy, or West Jordan. That said, prices have climbed sharply over the last five years, so true sub-$300K listings are now mostly condos, townhomes, and fixers.
Will FHA or VA financing work on these homes? ▾
Often, but not always. Many older Magna homes have knob-and-tube wiring, original furnaces, or roof issues that can flag during an FHA or VA appraisal. Have your agent ask about recent updates before you write — conventional with a renovation loan (like a 203k) is sometimes the cleaner path on a true fixer.
How are the schools in Magna? ▾
Magna falls under Granite School District. Local options include Matheson Junior High, Cyprus High School, and several elementary schools like Pleasant Green and Lake Ridge. Cyprus High was rebuilt in 2019, which was a meaningful upgrade for families weighing the area.
Are there HOA fees to watch for at this price? ▾
On detached homes in older Magna neighborhoods, usually no HOA. On the townhome and condo side — particularly newer builds near 8400 West — monthly HOA dues typically run $150-$275 and cover exterior maintenance, landscaping, and sometimes water. Always check the HOA's reserve study before going under contract.