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Homes Under $500,000 in Midway, Utah
Midway has become one of the pricier corners of Wasatch County, thanks to the Swiss-village downtown, the hot pots, and its position between Deer Valley East and Soldier Hollow. That makes homes under $500K a smaller slice of the market than in nearby Heber or Francis — this price point here typically means a condo or townhome in a development like Lakeside or Interlaken, an older single-family home on a smaller in-town lot, or a mobile/manufactured home rather than new construction on acreage. Land alone in Midway city limits often runs close to that number, so anything with a structure at this price tends to move fast.
Buyers chasing this range are usually looking for a low-maintenance second home near skiing and the golf courses at Wasatch Mountain State Park and Soldier Hollow, or a starter property for someone who wants the Midway address without the custom-home budget. Winters bring real snow load and sub-freezing nights, so pay attention to heating systems, roof age, and HOA dues on any condo — those fees often cover snow removal, which matters more here than almost anywhere else on the Wasatch Back. Inventory under $500K shifts week to week in a market this tight, so browse the active listings below to see what's currently available.
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
105
active + pending
43 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.