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Homes Under $500,000 in Millcreek, Utah
Millcreek sits between Salt Lake City and Holladay, wedged against the mouth of Millcreek Canyon and the Wasatch foothills, which makes it one of the tighter markets along the valley's east bench. Under $500K here mostly means condos and townhomes in complexes off Highland Drive and 3300 South, older brick ramblers on smaller lots near Mill Creek itself, or the occasional patio home in the 900 East corridor. Detached single-family homes at this price point are getting scarce as Millcreek's proximity to the canyon, the University of Utah, and downtown SLC keeps demand steady, but they still turn up, especially homes needing cosmetic updates or ones further from Wasatch Boulevard.
Buyers who prioritize a short commute over square footage tend to do well here — you're 15 minutes from downtown and close to the canyon trailheads without paying Holladay or Cottonwood Heights prices. Granite School District and Canyon Rim's community feel draw young families and downsizers alike, while the mix of mid-century homes and newer condo builds means inspection priorities vary a lot by property age. HOA dues matter more at this price tier since many listings are attached homes, so factor that into your monthly comparison against a detached fixer elsewhere in the valley. Browse the active listings below to see what's currently on the market.
August 2026 · Millcreek market
Live from the Utah MLS — what's actually happening in Millcreek right now.
Median sale
$625,000
26 closed in August 2026
Median DOM
17 days
listing → contract
Sale-to-list
98.2%
of final list price
Unsold inventory
132
active + pending
42 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.