bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Homes Under $500,000 in Mona, Utah
Mona sits at the south end of Juab County where Utah Valley traffic finally thins out, about 20 minutes south of Nephi and roughly an hour from the Point of the Mountain. It's a small farming town, ringed by hay fields and the base of the Wasatch Range, and it's one of the few spots left on the I-15 corridor where $500K still buys real acreage instead of a townhome lot. Buyers priced out of Payson, Santaquin, and Salem have been working their way down the valley, and Mona's mix of newer rambler construction and older farmhouses on half-acre-plus lots is a big part of the draw.
Under $500K here typically means a 3-4 bedroom single-level or two-story home built in the last 15-20 years, often with room for horses, shops, or RV parking that would cost double in Utah County proper. Water rights and secondary irrigation matter a lot in this price range since many lots are big enough to farm or run animals, so pay attention to what's included versus what's culinary-only. Commuters headed to Provo or American Fork should plan on 45-60 minutes depending on traffic through Santaquin. Browse the active listings below to see what's currently on the market in this price range.
August 2026 · Mona market
Live from the Utah MLS — what's actually happening in Mona right now.
Median sale
$635,000
3 closed in August 2026
Median DOM
52 days
listing → contract
Sale-to-list
98.1%
of final list price
Unsold inventory
6
active + pending
9 matching · page 1 of 1
Active listings
Prefer the map?
See all 9 homes under $500k on a map
Pan around Mona and refine by drawing your own boundary.
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.