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Investment Properties for Sale in Meadow, Utah
Meadow sits in Millard County along I-15, a small farming town of a few hundred people surrounded by alfalfa fields and the Pahvant Range. It's not a place with a tourist economy or a university drawing renters — the investment case here is different from what you'd find in St. George or Cedar City. What draws buyers to Meadow is price. Acreage and older farmhouses trade for a fraction of Wasatch Front numbers, property taxes are low, and land is available in parcels big enough for hay production, small livestock operations, or long-term hold and split. Meadow Hot Springs, a short drive from town, brings a steady trickle of day visitors, which has made a handful of owners experiment with short-term rentals, though the county's rural zoning and lack of dense infrastructure keep that segment small.
Realistic investment plays in Meadow tend to fall into three buckets: buy-and-hold farmland or grazing ground, a rental house for the Fillmore/Meadow commuter and ag-worker population, or a fixer on a larger lot where the land value carries the deal. Water rights matter enormously here and should be verified parcel by parcel before you assume any agricultural use pencils out. Cash flow from a single-family rental is modest but so is the purchase price, and with I-15 access, Fillmore's county services eight minutes north, and Provo about an hour away, it works for buyers who want low-cost exposure to Utah real estate rather than a management-heavy portfolio. Browse the active listings below to see what's currently on the market.
September 2026 · Meadow market
Live from the Utah MLS — what's actually happening in Meadow right now.
Median sale
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1 closed in September 2026
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listing → contract
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of final list price
Unsold inventory
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active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Meadow.
What kind of return can I expect on a rental property in Meadow? ▾
Rents are modest because the local wage base is small and mostly agricultural or service work out of Fillmore, so expect lower monthly rent than the Wasatch Front but also a much lower purchase price. Buyers here are typically underwriting on cap rate against a low basis, not on rent growth. Run the numbers against Fillmore comps since Meadow itself has very few rental transactions to benchmark against.
Are short-term rentals near Meadow Hot Springs a viable strategy? ▾
Some owners rent to visitors heading to the hot springs, but Millard County zoning is rural and doesn't have the STR infrastructure or permitting volume you'd see in a resort town, so check current county ordinances before buying with this plan. Demand is real but seasonal and thinner than southern Utah destination markets. Most buyers treat any STR income as a bonus on top of a longer-term hold, not the primary thesis.
Do I need water rights to make a land purchase in Meadow work as an investment? ▾
If the plan involves any agricultural use, irrigation, or hay production, yes — water rights in this part of Millard County are separate from the land itself and need to be confirmed with the county and the state engineer's office before closing. Parcels without attached water rights are priced differently and are better suited to grazing, storage, or future residential splits. Always request documentation of shares or rights rather than relying on a listing description.
How far is Meadow from job centers, and does that affect rental demand? ▾
Meadow is about eight minutes from Fillmore, roughly an hour south of Provo, and close to two hours from Salt Lake City, so it's not a commuter market for Wasatch Front jobs. Rental demand comes mostly from local agricultural, trade, and county employment rather than long-distance commuters. That keeps the tenant pool small but also keeps competition for rentals low.
Is buying acreage in Meadow a good long-term land-banking strategy? ▾
Land along the I-15 corridor in Millard County has appreciated slowly but steadily as Utah's population growth pushes outward from Salt Lake and Utah counties, and Meadow's low entry price makes it accessible for buyers who want to hold raw acreage for a decade or more. It's a patient-money play, not a flip. Confirm parcel size, access, and any easements before assuming future subdivision potential.
How many investment-type listings does Meadow typically have on the market? ▾
Meadow is a small town, so inventory is thin at any given time — often just a handful of active listings that fit an investment profile, ranging from small acreage to older single-family homes. Because volume is low, working with an agent who tracks Millard County listings closely matters more here than in larger markets where you can rely purely on portal searches.