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Homes Under $500,000 in Millcreek, Utah
Millcreek sits in the heart of the Salt Lake Valley, wedged between Sugar House and Holladay with quick access to I-215 and a fifteen-minute run to downtown or the mouth of Big Cottonwood Canyon. It's a built-out, mature community — think mid-century brick ramblers on Highland Drive, condos and townhomes near 3300 South, and older bungalows tucked into the grid east of Highland. Under $500K here almost always means a condo, a townhome, or a smaller single-family home that needs some updating, since detached houses in good condition on standard lots have largely pushed past that number over the last few years.
That said, $500K still buys real square footage if you're flexible on style. Older two-bedroom ramblers near Evergreen Park, townhomes off Van Winkle, and condo units near the Millcreek Common shopping area regularly list in this range, and they put you within walking distance of restaurants, the Millcreek City Hall plaza, and bus lines that connect to UTA's TRAX system. Inventory moves fast in this price band because it's the entry point for a location that's otherwise expensive, so buyers who've done their loan homework ahead of time have an edge. Browse the active listings below to see what's currently on the market.
July 2026 · Millcreek market
Live from the Utah MLS — what's actually happening in Millcreek right now.
Median sale
$719,000
18 closed in July 2026
Median DOM
6 days
listing → contract
Sale-to-list
99.0%
of final list price
Unsold inventory
136
active + pending
37 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.