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Homes Under $300,000 in Nephi, Utah
Nephi sits in Juab County at the southern end of the Wasatch Front, about 85 miles from Salt Lake City and roughly 50 minutes from Provo along I-15. That distance is the reason homes under $300K still exist here. In Utah County, that budget barely covers a condo or an older townhome. In Nephi it can cover a single-family house on a real lot, often with mature trees, a garden space, and room for a shop or RV pad. Much of the inventory in this range is older housing near downtown and the grid streets east of Main Street, plus some 1990s and 2000s ranchers and manufactured homes on private land.
Buyers here tend to be first-timers, remote workers, and commuters headed to Payson, Spanish Fork, or Utah Valley jobs. Others work locally in agriculture, at the Nebo School District, or on the nearby highway and energy corridor. Expect four distinct seasons: hot, dry summers in the 90s and cold winters with real snow under the shadow of Mount Nebo, which tops 11,900 feet. Heating costs and roof age matter on older homes, so inspections are worth the money. Lenders also look closely at well, septic, and flood-zone details on properties outside city limits. Browse the active listings below to see what's currently on the market under $300K in Nephi.
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Utah MLS data · updated Oct 27, 2026
Nephi homes under $300K by the numbers
Today's listings plus closed sales recorded in the MLS, each home counted once. Medians, not averages, so one outlier can't skew them.
- For sale now
- 2
- listed $115,000–$115,000
- Median sale, last 12 mo
- $244,000
- 5 sold
- Price per sq ft
- $228
- median of closed sales · typical 950 sq ft
- HOA dues
- $550/mo
- median · 100% of listings have dues
Over the last 12 months, 5 homes under $300K sold in Nephi, taking a median of 95 days to go under contract and closing at 93.4% of the final list price.
Common questions
About homes under $300k in Nephi.
What kind of home can I actually get for under $300K in Nephi? ▾
Most under-$300K listings in Nephi are 1,000–1,800 square foot homes built between the 1940s and 1980s, typically 2–3 bedrooms on a city lot east or west of Main Street. You'll also see some manufactured homes on owned land and the occasional small rancher needing cosmetic work. Updated homes in this range tend to sell quickly.
Is Nephi a reasonable commute to Provo or Salt Lake? ▾
Nephi to Provo is roughly 50 minutes on I-15, and Salt Lake is about 90 minutes door-to-door. It's a real commute, but many buyers accept it for the price difference — you can spend $250K here versus $450K+ for comparable square footage in southern Utah County.
Are there many homes under $300K in Nephi at any given time? ▾
Inventory at this price point is thin but steady — usually a handful of active listings rather than dozens. Turnover is faster in spring and summer. Setting up MLS alerts is the practical move since well-priced homes here often go under contract within a week or two.
What should I watch out for on older homes in Nephi? ▾
Knob-and-tube wiring, galvanized supply lines, single-pane windows, and older furnaces show up regularly in homes built before 1970. Get a thorough inspection and budget for utility upgrades. Foundations are usually fine — Nephi soils are generally stable — but check for ground-water issues in homes near irrigation ditches.
Will USDA or FHA loans work on Nephi homes in this price range? ▾
Yes on both counts. Nephi is inside USDA Rural Development's eligibility map, which means 0% down is on the table for buyers who meet income limits. FHA also works well here since most under-$300K homes fall comfortably below FHA loan limits for Juab County.
What are property taxes like in Nephi? ▾
Juab County's effective property tax rate runs around 0.6–0.7% of market value for primary residences with the owner-occupied exemption, so a $275,000 home generally lands in the $1,700–$1,900 per year range. That's in line with most of rural Utah and notably lower than what buyers see in some Wasatch Front cities.