Homes Under $300,000 in Magna, Utah
Magna sits on the west side of the Salt Lake Valley, tucked between the Oquirrh Mountains and the Great Salt Lake, and it has long been one of the more affordable corners of Salt Lake County. Historically a Kennecott copper mining town, Magna still carries that working-class identity, but newer subdivisions off 8400 West and around the Magna Main Street historic district have pulled in younger buyers priced out of West Valley, Kearns, and South Jordan. Under $300K in this market generally means a smaller older home near Main Street, a manufactured home on its own lot, a townhome or condo in a newer development, or occasionally a fixer with some yard. Commutes run about 20-25 minutes to downtown Salt Lake City via I-80 or 201, and the airport sits a quick 15 minutes northeast.
Inventory under $300K in Magna moves quickly because it's one of the last spots in the valley where first-time buyers, FHA borrowers, and investors can still compete. Expect 2-3 bedroom layouts, lot sizes that vary wildly between the older grid streets and the newer cul-de-sacs, and condo HOAs that typically run $150-$250 a month. The Granite School District serves most of the area, and Magna Regional Park, the Oquirrh Lake trails over in Daybreak, and the Kennecott overlook are all close by. Browse the active listings below to see what's currently on the market under the $300K mark.
May 2026 · Magna market
Live from the Utah MLS — what's actually happening in Magna right now.
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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.