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Homes Under $500,000 in Midway, Utah
Midway sits in the Heber Valley at about 5,600 feet, ringed by the Wasatch Mountains and known for the natural hot springs at Homestead Crater and Swiss-inspired architecture around town. It's also one of the pricier small towns in Wasatch County, with new construction and mountain-view lots regularly pushing well past $1 million. Homes under $500K here are a narrower slate than in nearby Heber City — mostly older ramblers and cabins in-town, condos and townhomes near Wasatch Mountain State Park, and the occasional manufactured or modular home on a smaller lot. Anything at this price point tends to move fast, since Midway inventory overall is thin and demand from Salt Lake commuters and Park City workers (about 25-30 minutes over the pass) keeps pressure on the lower end of the market. Buyers working with this budget in Midway should expect to trade square footage or a detached lot for the address — a two-bedroom condo near the Swiss Days grounds or a townhome off River Road is a more realistic find than a single-family home with acreage. HOA dues matter more here than in many Utah towns because a good share of sub-$500K inventory is attached product with shared amenities like clubhouses or pools. Winters bring real snow — Midway averages over 100 inches a year — so heating costs, roof condition, and driveway access are worth checking closely at this price tier. Browse the active listings below to see what's currently on the market in this range.
July 2026 · Midway market
Live from the Utah MLS — what's actually happening in Midway right now.
Median sale
$1,005,000
18 closed in July 2026
Median DOM
44 days
listing → contract
Sale-to-list
96.0%
of final list price
Unsold inventory
108
active + pending
42 matching · page 1 of 2
Active listings
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Common questions
About homes under $500k in Midway.
What kind of homes can I actually get in Midway under $500K? ▾
Mostly townhomes, condos, and the occasional small patio home. Communities like Fox Den, Burgi Hill, the Crown at Midway, and Midway Village tend to have units in this range, typically 2-3 bedrooms between 1,200 and 1,800 square feet. Detached single-family homes under $500K do appear but are uncommon and sell fast.
Are HOA fees high in Midway's under-$500K developments? ▾
They vary, but plan on $200-$450 per month for most townhome and condo communities. Fees usually cover snow removal (a big deal at 5,600 feet), exterior maintenance, and sometimes water or trash. Always pull the HOA financials and reserve study before writing an offer.
How does Midway compare to Heber City for buyers in this price range? ▾
Heber City has more inventory under $500K and more detached homes at this price, while Midway leans toward townhomes and a smaller, more walkable village feel. Midway also tends to hold value better and is closer to Soldier Hollow and the back route to Park City via Wasatch Mountain State Park.
Can I use a home in this range as a short-term rental? ▾
Midway restricts short-term rentals to specific overlay zones — most residential neighborhoods do not allow nightly rentals. A handful of condo projects are nightly-rental approved and command a price premium. Verify zoning and HOA rules with the town and the association before counting on STR income.
How quickly do sub-$500K listings sell in Midway? ▾
When priced correctly, they often go under contract within 1-3 weeks, sometimes faster during ski season and early summer. Setting up instant MLS alerts and being pre-approved are essential — by the time a property hits Zillow, it may already have offers.
What are property taxes like in Midway? ▾
Wasatch County's primary residence tax rate runs roughly 0.55-0.65% of assessed value. Second homes are taxed at the non-primary rate, which is about 1.8x higher — a meaningful jump if you're buying as a vacation property, so factor that into your monthly carrying cost.