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Homes Under $300,000 in Monroe, Utah
Monroe sits in Sevier County along the base of Monroe Mountain, about 20 minutes south of Richfield and roughly two hours from the Salt Lake valley. It's a small farming town of around 2,600 people, known for its hot springs, quiet streets, and proximity to Fish Lake and the Fremont Indian State Park. Because Monroe never turned into a bedroom community for a bigger metro, home prices have stayed grounded — a $300K budget here still buys a real yard, often on a quarter acre or more, sometimes with mountain views or a shop out back. That's a different market than Washington County or the Wasatch Front, where $300K barely gets a starter condo.
Most homes under $300K in Monroe are older single-story or split-level houses built from the 1960s through the 1990s, with a smaller number of newer manufactured and modular homes on owned land. Buyers tend to be first-time purchasers, retirees looking to stretch retirement savings, remote workers who don't need to commute, or people with ties to Sevier County schools and the local ag economy. Lot sizes run bigger than city norms, water rights sometimes come attached to the property, and heating is a real consideration given winter lows that regularly drop into the teens. Browse the active listings below to see what's currently on the market in this price range.
August 2026 · Monroe market
Live from the Utah MLS — what's actually happening in Monroe right now.
Median sale
$372,500
6 closed in August 2026
Median DOM
9 days
listing → contract
Sale-to-list
98.3%
of final list price
Unsold inventory
21
active + pending
18 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.