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Homes Under $300,000 in Monroe, Utah
Monroe sits in Sevier County, tucked against the Monroe Mountains about ten minutes south of Richfield off Highway 118. It's small-town Utah in the truest sense — hot springs, farm ground, a handful of churches and a Main Street that still feels like 1970. That scale is exactly why $300,000 buys real square footage here. Where the same budget in Provo or Cedar City gets you a starter townhome, in Monroe it can still land a 3-bedroom rambler on a third of an acre, or an older brick farmhouse with a shop and irrigation water rights attached.
Most of the inventory under $300K falls into two camps: mid-century homes built when the mining and agriculture economy was stronger, and newer manufactured or modular homes on owned land. Buyers here are usually commuting to Richfield for work at the hospital, schools, or Sevier Valley industrial jobs, or they're retirees drawn to the mineral hot springs and the quiet. Lot sizes tend to run bigger than the Wasatch Front, so expect to factor in septic systems, well or shared irrigation water, and older heating setups when you budget past the purchase price. Winters get cold and snowy at this elevation (around 5,200 feet), so check furnace age and insulation on anything built before 1990. Browse the active listings below to see what's currently on the market in this price range.
June 2026 · Monroe market
Live from the Utah MLS — what's actually happening in Monroe right now.
Median sale
$340,486
2 closed in June 2026
Median DOM
135 days
listing → contract
Sale-to-list
101.3%
of final list price
Unsold inventory
24
active + pending
15 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.