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Homes Under $500,000 in Mona, Utah
Mona sits in southern Juab County, about 10 miles north of Nephi along I-15 and roughly 75 miles south of Salt Lake City. It's a small agricultural town with a population under 2,000, and that shapes what $500K buys here. Instead of a tight subdivision lot, many homes under $500K come with a half acre to several acres, room for horses or a shop, and views of Mount Nebo to the east and Juab Valley farmland to the west. Newer builds and updated rambler-style homes tend to land in the $400s, while older farmhouses and fixer-uppers can come in well below that.
Price is the main draw. Comparable homes in Utah County to the north, such as Payson or Santaquin, often cost noticeably more per square foot, so Mona appeals to buyers who want space without Wasatch Front pricing. The tradeoff is the commute: Provo is around 35 to 40 minutes by freeway, and Salt Lake City is an hour or more depending on traffic. Kids attend Juab School District schools, and winters are colder and windier than in the Salt Lake Valley, so insulation, well and septic details, and irrigation shares are worth checking. Mona Reservoir is nearby for boating and fishing. Browse the active listings below to see what's currently on the market under $500K.
August 2026 · Mona market
Live from the Utah MLS — what's actually happening in Mona right now.
Median sale
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3 closed in August 2026
Median DOM
52 days
listing → contract
Sale-to-list
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of final list price
Unsold inventory
4
active + pending
8 matching · page 1 of 1
Active listings
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Common questions
About homes under $500k in Mona.
What kind of home can I actually get in Mona for under $500K? ▾
Most listings in this range are 3-4 bedroom ramblers or older farmhouses on lots between a quarter-acre and an acre, plus the occasional manufactured home on more land. Newer construction does pop up under $500K, but square footage tends to be smaller than comparable builds further north. Larger acreage properties usually push past this price point unless the home itself needs work.
Does Mona have city water and sewer, or should I expect a well and septic? ▾
It's a mix. Homes inside the older town grid typically have culinary water through Mona City, while properties on the outskirts often run on private wells and septic systems. Always confirm the setup, water share allocations, and septic inspection records before closing — these details meaningfully affect both monthly costs and resale.
How's the commute to Provo or Salt Lake from Mona? ▾
Mona has direct I-15 access at the Exit 233 interchange. Provo runs about 35 minutes, Lehi closer to 50, and downtown Salt Lake roughly 70 minutes without weather or accidents. Winter mornings through the Point of the Mountain can add 15-20 minutes, which is worth factoring in if you're commuting daily.
What schools serve homes in Mona? ▾
Mona is part of Nebo School District. Elementary-age kids generally attend Mona Elementary, with middle and high school students bused to Juab schools in Nephi (Juab School District actually serves the area for secondary). Confirm boundaries with the district directly, since lines shift and a few addresses on the Mona/Nephi border can go either way.
Are horse properties common in this price range? ▾
Yes, more so than in most Utah County cities at this budget. Plenty of homes under $500K sit on a half-acre to an acre with existing fencing, a loafing shed, or room to add one. If you need irrigation water for pasture, ask specifically about shares in the Mona Irrigation Company or similar — it's separate from culinary water and matters a lot for keeping a horse property green.
How quickly do homes under $500K sell in Mona? ▾
Inventory is thin because Mona is small, so when a well-priced home in this range hits the MLS it tends to move within a few weeks. The market is less frenetic than northern Utah County, but underpriced or move-in-ready properties still draw multiple offers. Setting up an instant MLS alert is the most reliable way to catch new listings as they come up.