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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 Back and known for its Swiss-inspired storefronts, the geothermal Homestead Crater, and proximity to Deer Valley's east side expansions. It's also one of the pricier small towns in Wasatch County, so homes under $500K here are a narrower slice of the market than in Heber City or Francis next door. What you'll typically find at this price point are condos and townhomes in developments like Rivers Edge or Charleston-area clusters, older single-family homes on smaller in-town lots that haven't been remodeled, or the occasional patio home in a 55+ community. Detached homes with acreage or new construction almost always run well above this threshold.
Buyers drawn to this range are usually looking for a foothold in Midway rather than a sprawling property — a second home base for winter trips to Deer Valley and Park City (20 minutes over the pass), or a primary residence with an easy commute to Heber City jobs and Provo via US-40 and US-189. Inventory under $500K moves fast when it appears, since Wasatch County's overall median has pushed past $700K in recent years and anything in this bracket gets attention from both local families and out-of-state buyers eyeing the ski corridor. HOA dues matter more here than in a typical entry-level search, since most of what qualifies is attached housing. Browse the active listings below to see what's currently on the market.
August 2026 · Midway market
Live from the Utah MLS — what's actually happening in Midway right now.
Median sale
$958,750
6 closed in August 2026
Median DOM
101 days
listing → contract
Sale-to-list
99.7%
of final list price
Unsold inventory
109
active + pending
54 matching · page 2 of 3
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.