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Homes Under $500,000 in Millcreek, Utah
Millcreek runs along the east bench of the Salt Lake Valley between Salt Lake City and Holladay, with the Wasatch rising directly out of neighborhoods like Canyon Rim, Olympus Cove, and East Mill Creek. Under $500K in this market is a real but narrow slice — the citywide median has hovered well above that mark for several years thanks to the location, the short drive to downtown SLC, and the pull of Millcreek Canyon for hiking, trail running, and winter snowshoeing. What's available at this price tends to be condos and townhomes along Highland Drive and 3300 South, smaller mid-century ramblers west of 2300 East, and the occasional fixer in older pockets near Meadowbrook.
Buyers shopping this range usually fall into two camps: first-time owners who want a walkable address near Millcreek Common and the new city center, and downsizers trading a larger suburban home for a lower-maintenance unit close to Sugar House and the U of U medical campus. Granite School District serves most of the city, with Skyline, Olympus, and Cottonwood high schools as the main feeders. Expect older housing stock, mature trees, and lots that are smaller than what you'd see in Herriman or Daybreak — but you trade square footage for a 12-minute commute to downtown and canyon access from your driveway. Browse the active listings below to see what's currently on the market.
May 2026 · Millcreek market
Live from the Utah MLS — what's actually happening in Millcreek right now.
Median sale
$625,000
34 closed in May 2026
Median DOM
10 days
listing → contract
Sale-to-list
100.0%
of final list price
Unsold inventory
137
active + pending
48 matching · page 1 of 2
Active listings
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Common questions
About homes under $500k in Millcreek.
What kind of home can I realistically get in Millcreek under $500K? ▾
At this price point, expect smaller ramblers and post-war cottages in the 1,100–1,600 square foot range, often on the west side of Millcreek near 3300 South and 900 East. Condos and townhomes in complexes off Highland Drive or near the I-215 belt also land here. True single-family homes under $500K move fast and usually need some updating.
Are condos and townhomes included in this price range? ▾
Yes, and they make up a meaningful share of what's available under $500K in Millcreek. Communities near Olympus Hills, along 3900 South, and around the Millcreek City Center tend to have units in the $350K–$475K range. HOA dues vary widely, so check those before running your payment numbers.
How competitive is the under-$500K market in Millcreek right now? ▾
It's the most competitive tier in the city. Millcreek's median sale price sits above $600K, so anything well-kept under $500K typically draws multiple offers within the first week. Being pre-approved and ready to move quickly matters more here than at higher price points.
Which Millcreek neighborhoods are most affordable? ▾
The areas west of 700 East and south of 3300 South generally have the most inventory under $500K. Canyon Rim and Olympus Cove sit at higher prices because of the views and schools, while pockets near Meadowbrook and the Murray border keep entry-level options on the market.
What should I budget for repairs on an older Millcreek home in this range? ▾
Many homes under $500K were built in the 1940s–1960s and still have original sewer laterals, electrical panels, or single-pane windows. A thorough inspection is worth every dollar, and setting aside $15K–$30K for near-term updates is reasonable for a home in livable but dated condition.
Are property taxes higher in Millcreek than nearby cities? ▾
Millcreek's combined tax rate is roughly in line with Salt Lake City and Holladay, generally around 1.1%–1.3% of assessed value depending on the specific tax district. On a $475K home, that's about $5,200–$6,200 per year. Primary residences get the 45% owner-occupied exemption applied to taxable value.