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Homes Under $300,000 in Monroe, Utah
Monroe sits at the foot of the Sevier Valley in Sevier County, about three hours south of Salt Lake City along US-89 and I-70, and its prices reflect that distance. Homes under $300K are not a niche here. They cover a large share of what trades in town: older brick ramblers on city lots, updated farmhouses, manufactured homes on acreage, and some small ranch-style properties on the edge of town. Compare that with the Wasatch Front, where $300K barely gets a condo, and it's clear why buyers come here for room, water shares, and space for animals without a big mortgage.
Know the local trade-offs before you shop. Monroe has cold winters, hot dry summers, and Monroe Peak and the Fishlake National Forest right behind town, which means trails, ATV routes, and hot springs close by. Many lots are larger than a typical suburban parcel, and some come with irrigation shares through the local canal company, so confirm what transfers at closing. Older homes may need work on roofing, windows, or wiring, so budget for an inspection. Work in Richfield, about 15 minutes north, is the main commuter draw, along with agriculture, healthcare, and remote jobs. Schools fall under Sevier School District. Browse the active listings below to see what's currently on the market under $300K.
October 2026 · Monroe market
Live from the Utah MLS — what's actually happening in Monroe right now.
Median sale
—
2 closed in October 2026
Median DOM
223 days
listing → contract
Sale-to-list
—
of final list price
Unsold inventory
22
active + pending
19 matching · page 1 of 1
Active listings
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Common questions
About homes under $300k in Monroe.
What does under $300K actually buy in Monroe right now? ▾
Most commonly a 3-bed, 1-to-2-bath home between 1,200 and 1,900 square feet on a quarter-acre to half-acre town lot. Older brick ramblers, modest two-story homes, and well-kept manufactured homes on owned land all fall in this range. Condition varies widely — some are move-in ready, others need cosmetic work or system updates.
How does Monroe pricing compare to nearby Richfield or Salina? ▾
Monroe generally runs $20K–$40K less than comparable homes in Richfield because Richfield has the hospital, Walmart, and larger employment base. Salina is similar to Monroe on price but smaller in inventory. For buyers who don't mind a 10–15 minute commute, Monroe is the value play in Sevier County.
Are USDA Rural Development loans available in Monroe? ▾
Yes. Monroe's population and rural designation make essentially the entire city eligible for USDA's no-down-payment loan program, which is a major advantage at this price point. Income limits apply, but most single-earner and many dual-earner households qualify.
Do homes under $300K in Monroe typically come with water shares? ▾
Many do. Monroe has a long irrigation tradition, and shares from Monroe Irrigation Company or Annabella Irrigation are often deeded with the property. Always confirm shares in writing during the offer phase — they add real value for anyone planning a garden, orchard, or small livestock setup.
What are property taxes like in Sevier County? ▾
Sevier County has some of the lower property tax rates in Utah. On a $275,000 primary residence, expect roughly $1,100–$1,400 per year after the residential exemption. Non-primary and investment properties are taxed at the full rate, which roughly doubles the bill.
Is it realistic to find a home with acreage under $300K here? ▾
Occasionally, yes — usually a half-acre to an acre in town, or a smaller older home on 2–5 acres just outside city limits in Elsinore or Joseph. True acreage with a modern home almost always pushes past $300K, but patient buyers do find rural parcels in this range a few times a year.