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Homes Under $500,000 in Midvale, Utah
Midvale sits right in the middle of the Salt Lake Valley, sandwiched between Sandy and Murray with quick access to I-15, I-215, and the TRAX Blue and Red lines. That central location is the main reason the sub-$500K price point still works here — you're 20 minutes from downtown Salt Lake, 25 minutes from the Cottonwood canyon ski resorts, and a short drive from the tech jobs along the Silicon Slopes corridor in Draper and Lehi. Under $500K in Midvale generally puts buyers into older ramblers and bungalows in Historic Midvale near Main Street, townhomes and condos around Bingham Junction and Jordan Bluffs, and 1970s–80s split-entries in East Midvale closer to Union Park Avenue.
What you give up at this price compared to neighboring Sandy or Holladay is usually square footage, lot size, or a fully updated kitchen — not location or commute. Many of the homes in this range were built between 1940 and 1990, so expect to budget for cosmetic updates, and check for older electrical panels, galvanized plumbing, or original furnaces during inspection. Townhomes built in the Bingham Junction redevelopment area (south of 7800 South near the FrontRunner station) tend to be newer construction and often slip in just under $500K for two-bedroom floor plans. Canyons School District serves most of the city, with Hillcrest High a common draw for families. Browse the active listings below to see what's currently on the market under $500K in Midvale.
May 2026 · Midvale market
Live from the Utah MLS — what's actually happening in Midvale right now.
Median sale
$474,900
47 closed in May 2026
Median DOM
26 days
listing → contract
Sale-to-list
99.7%
of final list price
Unsold inventory
125
active + pending
70 matching · page 1 of 3
Active listings
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Common questions
About homes under $500k in Midvale.
What kind of home does $500K actually buy in Midvale? ▾
Under $500K in Midvale typically gets you a 3-bed townhome, an older rambler from the 1950s-70s near Main Street, or a smaller updated single-family home in neighborhoods like East Midvale or Bingham Junction. Newer construction townhomes near the Jordan Bluffs redevelopment also land in this range. Square footage usually runs 1,200-2,000 depending on age and lot.
Is Midvale a good value compared to other Salt Lake County cities? ▾
Yes — Midvale consistently prices below Sandy, Draper, and Holladay while sitting right between them on the TRAX Blue Line. Buyers priced out of Sugar House or Millcreek often land here because you get similar commute times to downtown SLC (about 20 minutes) at a meaningfully lower entry point.
Are there condos and townhomes under $500K in Midvale? ▾
Plenty. The Bingham Junction and Jordan Bluffs areas have newer townhome communities, and there are established condo developments off Center Street and near Fort Union Boulevard. HOA dues typically run $150-$300/month depending on amenities.
What's the property tax situation in Midvale? ▾
Midvale falls under Salt Lake County with effective property tax rates around 0.6-0.7% of assessed value. On a $475K home, expect roughly $2,900-$3,300 per year. Primary residences get the 45% residential exemption, which is already baked into that estimate.
Which school district serves Midvale homes? ▾
Most of Midvale is in Canyons School District, which includes Midvale Elementary, Midvale Middle, and Hillcrest High. A small western sliver feeds into Jordan District. Canyons has invested heavily in rebuilds over the past decade, so several campuses are relatively new.
How fast do sub-$500K listings move in Midvale? ▾
This price band is the most competitive segment in the Salt Lake Valley. Well-priced, move-in-ready homes under $500K often go under contract within 7-14 days, sometimes with multiple offers. Fixers and dated properties sit longer and have more room to negotiate.